Zip's Pay in 2 lets shoppers split costs over two weeks

Zip has rolled out a new payment option called Pay in 2. The service lets customers split purchases into two instalments over two weeks. Early feedback from a recent pilot shows strong interest, with 95% of participants saying they would use it again for daily expenses.

The new feature aims to give shoppers more flexibility in managing everyday costs like groceries and bills. Unlike Zip's existing Pay in 4 service, which spreads payments over six weeks, Pay in 2 fits within a single pay cycle. This design helps users bridge gaps between paychecks without taking on longer-term debt.

To encourage early adoption, Zip is offering a limited-time promotion. The first 100 customers each day to use Pay in 2 will receive one year of no origination fees on all future Pay in 2 orders. The company has already served millions globally through services like Pay in 4, with a notable presence in Australia, New Zealand, and the US.

The pilot results suggest broad appeal. Nearly all test users indicated they would rely on Pay in 2 for routine spending. Zip's move reflects a growing demand for short-term payment solutions that align with pay schedules.

Pay in 2 is now available to Zip's customer base. The promotion targets early users with fee waivers, while the pilot data points to high repeat usage. The service adds to Zip's existing range of buy-now-pay-later options, focusing on quick, manageable repayments.