ZipPay works like an account. For all purchases, you make during a month you receive a statement with your closing balance on the 1st day of the following month.
You have until the end of the month to pay off your balance for the account to remain fee free.
Here’s an example : If you make your first purchase on the 1st of March for $39, you will receive a statement on the 1st of April with the closing balance of $39 (unless you made more purchases in March) which you need to pay off until the 30th of April in order to not have to pay the account fee of $6.
Should you wish to carry your balance into May, you simply pay a small $6 monthly account fee. No balance – no fee!
All information provided on this webpage is general information about our products and services. Nothing on this webpage is intended to be professional advice of any kind and should not be relied on as such. You should obtain specific financial, legal or other professional advice before relying on the content of this webpage. By not seeking such advice, you accept the risk that the information on this webpage may not meet the specific needs of your business. Our liability is limited to the maximum extent permitted by applicable law in accordance with our website terms and conditions.
Updated — Feb 20, 2019