It costs nothing for a customer to apply for and receive a Zilch virtual Mastercard with a balance available to split (which is personalised for each customer).
We also don’t charge interest on transactions and we don’t charge annual or monthly fees.
In the UK:
When a customer chooses to pay in 4 with their Zilch card via “tap and pay” in-store, and in most stores on the Zilch app, it is completely free for a customer.
In a small number of cases, when paying online using pay in 4, we charge customers a small upfront fee for using their balance. It is made clear to the customer if any transaction fees apply and the amount.
We also give some customers the option to “snooze” payments if they need a few extra days. This service is free initially, and then a small charge of £1.50 is applied if used for second or third instalments. Where any fees apply, we make it clear to the customer. Zilch does not charge default fees.