Ecommerce sites are looking to simplify how you pay everywhere and save every day by offering fast, fair and seamless payment solutions online and in-store. https://ifactory.com.au/news/afterpay-vs-zip-pay-which-best-your-ecommerce-store

1. AFTERPAY VS ZIPPAY
Which is best for your ecommerce store?

2. Afterpay vs
Zip Pay
One of the most powerful
tools available to you as an
ecommerce store owner is to
allow your customers to
make a purchase without up-
front payment.

3. Australians are already very fond of in-store 'lay-buy',
and the new generation of online payment
gateways Zip Pay and Afterpay have brought this
concept to the online world - allowing the customer
to 'buy now, pay later’.
AFTERPAY VS ZIPPAY
Sounds good? Well, now it's just matter of deciding
which gateway is best for your ecommerce store.

4. Sounds good? Well, now
it's just matter of deciding
which gateway is best for
your ecommerce store.
Let's look at the key
details:

5. Afterpay vs Zip Pay
Compatibility
In this area, both payment gateways are
compatible with many of the
large ecommerce platforms.
Here is a listing of compatible platforms -
listed directly from each gateway:

6. Shopify, WooCommerce, Neto, Magento,
Big Commerce, ZenCart, eCorner,
Jetpack, Paydock, Prestashop, eStar,
Oscommerce, Everybuy Digital.

7. 7
Shopify, WooCommerce, Neto, Magento,
Big Commerce, Infinity, Island Pacific,
Futura 4 Retail.
Also note that as an Australian web
developer, we can further assist with
integration into other platforms not listed
above.

8. 8
Neither of the two platforms charges any
interest to the customer - instead, all
transaction fees are paid directly by the
merchant.
In this category Zip Pay is comfortably in
front; it charges a smaller transaction fee
as well as a lower commission. The
commission range varies based on
transaction volume (much like PayPal).

9. 9
Cost
Zip Pay
15c per transaction + commission
(between 2-4% of sale price)
Example transaction of $100AUD:
Maximum fee of $4.15.
Minimum fee of $2.15.
Afterpay
30c per transaction + commission
(between 4-6% of sale price)
Example transaction of $100AUD:
Maximum fee of $6.30.
Minimum fee of $4.30.

10. Payment Terms
Both gateways require either a Visa or Mastercard
and bill the customer via direct debit.
In regards to repayment options, it largely comes
down to a preference between simplicity and
flexibility.
Afterpay has set payment terms (4 equal fortnightly
payments) whereas Zip Pay allows the customer to
choose their own payment terms (weekly,
fortnightly or even monthly) and also allows
customers to change these terms as they go along.

11. 11
Payment Terms
• No deposit
• Flexible repayments, minimum $40
per month
• $5 'late fee' charged for a missed
payment
• ¼ of sale price as a deposit
• 4 equal payments over 8 weeks
(including deposit)
• $10 'late fee' charged for a missed
payment, plus extra $7 if not paid for
another 7 days

12. In our opinion, whilst both gateways are
easy to use and offer a great customer
experience, Zip Pay may come out slightly in
front for most users needs.
Afterpay vs Zip Pay
Naturally, having lower merchant fees is a
big plus, but we also like the flexibility of
their payment terms. Currently, Afterpay has
more recognition and market share, but Zip
Pay is very quickly expanding its presence in
the online world - and their value
proposition to both merchants and
customers is hard to ignore.