Comprehensive Guide to Buy Now Pay Later and Embedded Financing: Zip and Parafin Solutions

Use Zip to Buy Now Pay Later and find out how it works. With Zip, you can buy now, pay later at all your favorite brands, whether you shop online or in-store. Greater flexibility in spending means more control over your payment dates. Give yourself some more breathing room with the Zip® app.

How Zip Works for Customers

Get started with Zip by searching for your favorite brands or browsing our picks. You can pay in-store only with the Zip® app. Create a virtual card in the app and then pay using your digital wallet or physical card. Now when you make consistent, on-time repayments, you may be eligible to earn spending power increases. Additionally, you can pay with the Zip® app to earn cashback while shopping for groceries, booking travel, and shopping at your favorite merchants.

Example Purchase Terms:

• For a $400 purchase, you'd make four $102 payments every two weeks starting today for a 34.75% annual percentage rate and a total of payments of $408.
• For a $400 purchase, you’d make eight $52.37 payments every two weeks starting today for a 34.99% annual percentage rate and a total of payments of $418.97.

Flexible Payment Options for Businesses

Unlock new customers with flexible payments and give customers control over cash flow. They Pay in 4 or 8 while you’re paid upfront. Zip drives higher conversions, larger baskets, new customers, and lasting loyalty. Inclusive payment options let you serve even more ready-to-buy customers. A seamless payment experience turns browsers into buyers, and BNPL options stop sales from falling through the cracks at checkout. Zip helps merchants grow sales faster.

Comparison of Zip Installment Plans

Zip offers two primary options to provide flexibility for different purchase sizes and customer needs:

• Pay in 4:
  • Credit Limit: $35 - $3,000
  • Number of installments: 4
  • Term: 6 weeks
  • Payment Frequency: Every 2 weeks
  • Repayment Method: Debit or credit card
  • Approval: Real time approval, No hard credit check
• Pay in 8:
  • Credit Limit: $200 - $3,000
  • Number of installments: 8
  • Term: 14 weeks
  • Payment Frequency: Every 2 weeks
  • Repayment Method: Debit card
  • Approval: Real time approval, No hard credit check

Parafin: AI-Powered Embedded Financing

Fuel your growth by helping your business customers invest in theirs with white-labeled, AI-powered financing that’s built to scale. From marketplaces to vertical SaaS platforms, Parafin partners with leaders in emerging and established industries to provide access to fast and flexible working capital. Turn everyday customer spend into revenue and loyalty for your platform.

Support every stage of the customer journey with a full suite of products: Capital, Spend, and Pay Over Time. Let your business customers split purchases into installments—helping them manage costs while you drive more revenue. Our white‑labeled UI integrates seamlessly into your platform, delivering an experience that looks and feels like your own. AI-powered underwriting models trained on over 1 billion cross-industry data points continuously improve to deliver high approval rates and pre‑approved offers your customers want.

Industry Partnerships and Testimonials

• DoorDash: One key area where restaurants have asked for support is quick and easy access to capital. Through DoorDash Capital, Parafin provides fair and convenient access to financing.
• Xplor: "We love the team and we love the portal. Parafin gives independent software vendors the tools and control they need to own their capital programs." — Michelle Van Horn, Vice President, Product Partnerships.
• Mindbody: "We partnered with Parafin because they had a creative and smart solution. With Mindbody Capital, merchants can access funding on the same platform they use to run their everyday business operations." — Alice Shen, Director of Business Development.

Legal Information: Zip Pay Anywhere and Zip Checkout financing through Zip are issued by WebBank. Loans through the Zip app are originated by WebBank. Parafin is a financial technology company, not a bank; loans and lines of credit are issued by Celtic Bank.