Does Zip Accept Prepaid Cards?

Buy Now Pay Later service is provided by several companies like Affirm, Klarna, and others. One of the buy-now-pay-later (BNPL) alternatives offered to customers is Zip. Zip knew as Quadpay. The demand for BNPL services has increased over few years. Let’s learn about ‘Does Zip Accept Prepaid Cards?’.

Does Zip Accept Prepaid Cards?

Does Zip Accept Prepaid Cards?:

Customers claim that the Zip app is user-friendly. The company has an easy-to-understand payment schedule. Zip accepts debit and credit cards linked to bank accounts. Zip does not accept prepaid cards that have a limited balance. It does not support ACH bank transfers and other payment options.

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Zip: Does Zip Accept Prepaid Cards?

Similar to other Buy Now Pay Later companies, Zip’s users pay for their purchases in parts. It has only one payment plan in which users must pay four installments in six weeks. This app partner with many big brands like Amazon, Macy’s, and others. Customers in these stores by selecting Pay with Zip at the checkout. Before using Zip, customers must download the app and link their credit or debit cards to make Zip payments. 

Requirements to use Zip: Does Zip Accept Prepaid Cards?

Before jumping to payment options accepted by Zip, first learn the requirements needed to fulfill before using the service. 

  • First, the user must not be a teenager. 
  • The user must be living in America and have an American debit or credit card.
  • A valid mobile number. 

Pre-paid cards accepted by Zip:

Among various payment options accepted by Zip, prepaid cards are not the one. The Zip does not accept prepaid cards that are not linked to the users’ bank accounts. Users can use debit or credit cards that are linked to their bank accounts for the Zip installments. Reloadable debit cards which are like gift cards are also not acceptable.  

Other payment methods not supported by the Zip: 

PayPal: Customers cannot pay Zip installments with PayPal.

Venmo: Venmo cards are a type of prepaid card. Zip does not accept Venmo as a form of payment.

Capital One credit cards: Capital One cards are not accepted as payment options.

Cash App Card: Cash App and Cash Card cannot be used to make direct payments on Zip. Users can pay installments by attaching Cash App Card with Apple Pay. 

ACH bank: ACH bank transfer is not accepted for Zip purchases.

Other methods that are not accepted to make payments by Zip are money orders and cash or cash equivalent. 

Payment methods supported by Zip company:

Debit Cards: Debit cards from Visa, MasterCard, and others are accepted by Zip.

Credit Cards: Credit cards but not pre-paid cards are accepted as one of the payment options.

Apple Pay: Apple Pay can be used to pay Zip installments. Only active installments on your Zip purchases can be paid through Apple Pay. It cannot be used to fund the initial purchase.

How to use Zip to pay Online?: 

  1. You must use the app to access the stores to utilize Zip online.
  2. To see if the retailer is listed, search the app. For example, shopping from Amazon locates the store from the Zip app. 
  3. Shop as usual in the app.
  4. When it comes to paying, add a new payment method. Then select the Pay with Zip option.
  5. Customers will enter their virtual card details that are created by Zip and finish the payment after accepting a few terms. In the case of shopping from Amazon, the Amazon form should autofill with the virtual card number. Then click on the Add your Card option and confirm the payment method.

Using Zip for in-store purchases: 

  1. In-store purchases can be made by choosing the in-store tab in the app. 
  2. After that, request funds that are enough to pay the bill. 
  3. Users will receive a virtual card number once they have agreed to the anticipated installment plan.
  4. The virtual card will be used to make payments.
  5. There are two ways to make a payment either give the retailer card information or use your phone and add the card to Apple Pay. Google Pay can also be used. 

Adding Credit card on the Zip app:

  1. From the Home screen of the Zip app, choose the account tile. In the case of Credit cards only Zip Pay.
  2. From the Manage icon select the change payment method option and add details of the card.
  3. Before saving your changes set added credit card as default.   

Conclusion:

Similar to other Buy Now Pay Later services, Zip also lets its customers buy expensive things at a reasonable price. These platforms gained popularity during the pandemic era. The survey predicts that the BNPL market will increase from $55 billion in 2021 to $114 billion in 2024. Users can use various payment options. The users should note that pre-paid cards are not accepted by Zip. Can be used with the help of Apple Pay.

Frequently asked questions:
  • How much credit is Zip Pay and Zip Money allowed to extend?

On Zip Pay, there is a $350-$1,000 maximum expenditure limit. Users can ask for an increase after six months of their initial purchase. A credit limit on Zip Money is $1000. It can increase up to $5000 after making the request. 

  • What payment network is used by Zip?

Considering that Zip utilizes the Visa network. Zip payments are accepted at any retailer which accepts Visa payments. 

Does Zip Accept Prepaid Cards?

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