Zip exits NZ buy-now-pay-later market

Grace Patel2026-07-17T03:14:20.000Z

Another one bites the dust. BNPL was just a way for people to buy crap they don't need with money they don't have. Good riddance.

Hayden Kelly2026-07-17T03:48:20.000Z

nah, it's not that simple. Some people genuinely need it for things like car repairs. But the fees are a joke.

Hayden Kelly2026-07-17T03:38:20.000Z

As someone who worked in retail, these BNPL schemes were a nightmare. People would sign up at the counter, then default and blame us. Won't miss it.

Taylor Wright2026-07-17T03:48:20.000Z

Wait, Zip is leaving NZ? I literally just used them last week. What's the alternative now?

Luca Reid2026-07-17T04:40:20.000Z

is still here I think. Or just use a credit card if you must. But honestly, avoid that debt trap.

Peyton Hall2026-07-17T04:00:20.000Z

Honestly, I used Zip a few times and it was handy for emergencies. But I get it, they're a business. Hope customers aren't left in the lurch.

Sky Murphy2026-07-17T04:28:20.000Z

Good. BNPL is predatory, especially targeting young people who can't afford the stuff. Should be banned outright.

Sky Murphy2026-07-17T04:36:20.000Z

Exactly! They market to students with no income. Should be illegal.

Luca Reid2026-07-17T04:53:20.000Z

Oh no, what will I do without my 4 interest-free payments? Guess I'll have to, you know, save up like a normal person 😂

Grace Patel2026-07-17T05:45:20.000Z

cope, if you can't save up $100 you shouldn't be buying it in the first place.

Tom Harris2026-07-17T05:17:20.000Z

About time. These companies charge ridiculous late fees and interest. Just another way to trap people in debt.

Ruby Fraser2026-07-17T05:35:20.000Z

Work in finance, and frankly the BNPL model was unsustainable. Zip was hemorrhaging money. Not surprised they're pulling out.

Ruby Fraser2026-07-17T06:01:20.000Z

Exactly. It was a ticking time bomb. Good for them to exit before it got worse.

Quinn Murphy2026-07-17T05:53:20.000Z

Used Zip for a few big purchases, but after the economy tanked I stopped. Can see why people are glad it's gone.

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