The agreement means that merchants based in the UK that are using Trust Payments’ platform may provide Zip at the time of check out and allow clients to take advantage of more manageable pay over time options (four interest-free installments needed).
Established in 2013 in Sydney, Zip is notably one of the fastest-growing BNPL services with more than 7 million Zip clients internationally. The firm’s flexible “Pay in Four” (instalments) product is accessible across many different retail sectors, including homeware, entertainment, fashion, sport, health and beauty, groceries and travel.
Zip is currently being offered by more than 45,000 merchants across the globe, including Boohoo, Homebase, and The Fragrance Shop in the United Kingdom.
Daniel Holden, CEO at Trust Payments, stated:
“We’re excited to partner with Zip, a global payments pioneer, to offer UK consumers flexible payment options. Zip will help drive growth, particularly among small and medium-sized businesses who will benefit from this new payment option -letting their customers spread the cost of a purchase over six weeks, entirely interest-free.”
Zip works cooperatively with merchants and partners to embed its platform and offer a “first-class” customer experience (cx), while effectively communicating to clients how Zip’s services work and the benefits the “Pay in Four” payment option.
Belinda Mackey, Senior Partnerships Manager at Zip, remarked:
“Zip is fast rising in popularity among UK shoppers, as we work with an increasing number of household name retailers and a fantastic array of SMEs and startups. Our partnership with Trust Payments is important because it will help us to support more retailers, faster – so they can bring the benefits of this way of paying to their customers. We will be one of the first to offer Buy Now, Pay Later both online and instore in the UK providing the choice and flexibility we know customers want.”