#ZIP SHARE PRICE TODAY SOFTWARE#
#ZIP SHARE PRICE TODAY ZIP#

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'Revenue is generated from merchant fees, affiliate fees, interchange, and service fees’ and late fees, Zip noted as part of its latest interim results. Like other players in the space, Zip makes its money by charging fees to merchants when purchases are made through its platform and from its users, for example, when they have an outstanding balance at the end of each month or when they fail to make a repayment on time. Should users maintain an outstanding balance at the close of each month, for both Zip Pay and Zip Money, the company charges its users a monthly account keeping fee of $6. By comparison, the company's Zip Money product is aimed at people want to make larger purchases, with an account limit over $1,000 dollars.įinally and speaking to the diverse scope of the company’s product line up, Zip also provides unsecured business loans of up to $500,000, to applicable businesses – as part of its Zip Business offering.Īs with other providers in the space, users can also choose to pay off their outstanding balance all at once. For example, the company’s Zip Money product is targeted at customers who want to make smaller, discretionary purchases – with its account limit set under $1,000 dollars. Here Zip allows users to repay as little as $40 per month, across weekly, fortnightly or a monthly repayment scheme.Īnother key difference between Zip and a number of BNPL providers comes from the amount of credit offered to its customers. Unlike a number of other providers however, which in many cases focus on a pay it in four approach, Zip offers its users greater levels of flexibility, instead emphasising the idea of 'repay your way'. Zip – like others in the buy now pay later space – allows its users to make purchases and pay for them over a number of installments. Other Australian-listed BNPL companies include Afterpay: market capitalisation ~$29 billion Sezzle: market capitalisation ~$764 million, Openpay: ~$199 million, and Humm: market capitalisation ~$480 million.

Off it's high, but still well up over the last 12-month period.Īt current price levels, Zip currently stands as one of the most valuable BNPL/ installments payments companies on the ASX.

At the time of writing, Zip traded at $7.53 per share, implying a market capitalisation of over $4.16 billion. With the boom in BNPL services across Australia and the globe, Zip has seen its share price hit new highs over the last year, climbing to a 52-week high of $14.53 per share at its peak in February, 2021. Zip is also an authorised credit provider.

Zip trades on the ASX under the ticker Z1P and unlike BNPL rival Afterpay, which is classified as a Software & Services company, Zip is classified as a Diversified Financials company under the GICS Industry Group classifications.

#ZIP SHARE PRICE TODAY ZIP#

#ZIP SHARE PRICE TODAY SOFTWARE#

Zip share price today