Zip Money and Zip Pay are emerging payment gateways that allow the customers to make a purchase immediately and pay it off in installments, interest free. The merchant is paid in full, minus a gateway service fee which is a percentage of the transaction. Zip Pay say about their service: “zipPay is a safe, simple, and convenient omni channel payment option, powered by ASX-listed company zipMoney (ASX: ZML), that lets your customers shop online or instore and pay later for their purchases – with no credit card and no interest.”