BNPL costs to businesses at around 4 per cent per transaction, BNPL fees are costing Australian businesses hundreds of millions of dollars a year. When customers shop with CommBank's BNPL, businesses will pay no additional fee above standard merchant service fees.
Who will win in the end.
Door 1 Your Zip Pay account has a monthly account keeping fee of $6 or $84 a year.
Door 2 If you have a CBA loan with a redraw facility can draw down $2000 for $20 interest per year.
Redraw is available on most CommBank home loans.
Door 3 Shop online and save at least 20% which more than covers credit card fees.
CBA are offering 2.1% fixed for five years.
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