Zip assesses each order request individually. Our system considers several factors to determine whether you are approved to place an order.
When you place an order using Zip, your 1st installment (25%) is due at the time of purchase. If you do not have funds available to cover your 1st installment, your order will not be approved.
Once you've completed an order and your Zip installment plan is created in our system, you'll be able to see the unique order number in the Payments section (formerly Orders) of your Zip app. You can also find all order numbers after signing into the Zip Customer Portal. Take a look at this article to learn more.
Also, keep in mind that you cannot complete any orders that exceed your Spending Power*.
If your Virtual Card’s Purchase Request exceeds your Zip App Spending Power*, the purchase will not be approved by Zip. Take a look at this article to learn more.
*Your Estimated Spending Power is a point-in-time estimate of how much you may be able to spend, is not guaranteed, and is impacted by a number of factors. Zip or WebBank may decrease your estimated spending power within its reasonable discretion, including where you have previously had an unpaid balance or have an amount past due. Your spending power is not an open line of credit. Each transaction is separately reviewed for approval. For additional details, please see the terms and conditions.