Afterpay vs Zilch

Afterpay lets eligible shoppers pay in installments at partner brands and shop online or in-store. Pay in 4 takes the first payment upfront and spreads the remaining payments across six weeks; the listed plan costs nothing and requires eligibility. The app lets customers track payments, reschedule payment dates, explore recommendations and deals, and create shopping lists. For in-store purchases, customers can set up the digital Afterpay Card in the app and add it to Apple Wallet or Google Wallet. Retailers can offer Afterpay online, in-store or in-app; the in-store option works with an existing point of sale and needs no additional hardware. The Business Hub brings transactions, settlements and reporting together. Integrations include e-commerce, payments and content-management platforms, as well as iOS and Android SDKs and API options. Afterpay is available on Android, iOS, web and API. U.S. customers must be at least 18, reside in the U.S. and meet additional eligibility criteria. Pay in 4 has no late fees when paid on time, but late fees may apply, and some transactions may carry a finance fee. Afterpay states that it is a PCI-DSS Level 1 certified service provider and an ISO/IEC 27001 certified organisation.

Zilch is a consumer payment app and card offering ways to pay, Rewards and credit. Customers can pay immediately, spread payments over six weeks or pay over three months, subject to eligibility and fees; listed repayment terms also include six and 12 months. Zilch advertises credit from £50 to £4,500, subject to status. Its app works wherever Mastercard is accepted, and customers can add it to Apple Pay or Google Pay. Rewards can be earned on Pay now purchases and used toward purchases. Standard is free, offers up to 5% Rewards in-app and has a £4.99 card fee. Extra costs £2.99 per month and includes a physical card; Plus costs £4.99 per month, includes a physical card and lists different Rewards rates by purchase type. Eligible Extra or Plus customers may borrow up to £100 through Advance for a £3 processing fee; eligibility requires connecting a bank account. Zilch is available on Android, iOS and web. It says credit is for UK residents aged 18 or over and subject to status.