Eligible eBay customers will now be able to pay for their purchases in monthly instalments following a partnership with Buy Now, Pay Later (BNPL) platform, Zip Co.

Zip is now available on eBay, giving eligible customers up to $2,000 (interest free) with Zip Pay and up to $5,000 (interest free for six months) with Zip Money.

A recent survey revealed that 59% of people who had used Zip in the last three months had also purchased from eBay in the last 12 months.

Zip managing director for Australia and New Zealand, Cynthia Scott said, “The connection between Zip users and their appetite to purchase from eBay is clearly there, so we’re excited about this partnership.

“Zip is passionate about helping Australians spend with confidence on the things that matter most to them, and this alliance gives eBay shoppers access to fairer and more flexible ways to pay at check out, whether it be for everyday items using Zip Pay or bigger ticket items with Zip Money.

“eBay is also the most-visited online marketplace in Australia, known for working with companies that offer the best solutions for their customers – so we’re proud to deliver on our strategy of partnering with some of the largest enterprise names in the country.”

eBay Australia managing director, David Ramadge said, “Introducing Zip to our platform offers a new way for eBay’s millions of unique monthly visitors1 to shop and budget this Christmas.

“eBay exists to connect people and build communities to create economic opportunity for all which aligns with our latest payment partner Zip, a customer-focused and innovative Australian company.

“With the introduction of Zip Money, eBay customers can enjoy six months interest free for items like high-value electronics like smartphones. eBay is the home of great value for money – all in one, easy location.”