Hi fellow Ozbargainers,
I made a purchase on 27 April for $200 form JB HIFI using zip. I had no pending payment before this and full $1000 credit was available. I checked my account on 29 april, it showed me the next payment is due for $40 on 30 May.
On 30 april ZIP charged me $40 on my credit card.
When I contacted ZIP about this unknown charge they said it a compulsory schedule repayment. I do not agree with this. How can they charge my CC me without notifying me about the repayment. They did not send any email, sms or a statement for this $40 repayment. When I asked them disable this, they said they cannot do it.
With this logic. If I had made a $30 purchase on 27 april, I will have to repay it on the 30 april as schedule payment. So I only get credit for 2 days? How do they claim "buy now pay later"?
From their FAQ " If you make two purchases in February, on the 1st of March, we will send you a statement showing your closing balance. You'll then have until 31st March to pay the statement closing balance off to waive the monthly account fee."
So according to their FAQ I should not be paying anything until the end of May but they still charged me. Does everyone here have to pay monthly schedule payment for purchases made in the same month?
I have asked ZIP for a refund and they have not done so and have not received any reply from them since.
credit card chargeback. they are dodgy.