Wizpay is a new buy now, pay later (‘BNPL’) service available to Australian consumers allowing you to purchase goods and services from Approved Wizpay Retailers, while you split the cost of your purchases into four (4) convenient fortnightly repayment instalments.
Wizpay (which has changed its name to Wizit) provides customers with an interest free shopping limit with a low monthly fee and one of the lowest late fees in the market, leaving you with more money in your pocket. Their online process makes signing-up and shopping simple and effortless.
As you generate positive payment habits, the app may invite you apply to increase your shopping limit in just a few quick steps via your Member’s Area. To facilitate purchases, Wizpay provides transaction processing services to approved retailers in Australia.
What is Wizpay?
Wizit is an innovative and responsible BNPL lender in Australia offering users and customers unique ways to buy and pay for their product or service now and make repayment in equal installments later. The application allows customers to buy products online and pay with either of three payment methods: WizitPay, WizitCard and PowerUp. One of the major objectives of this platform is to consider customers in varying situations and promote financial inclusiveness wherever possible.
Wizpay (with a new name Wizit) offers one of the best Buy Now Pay Later (BNPL) Service Provider in Australia. The platform was founded By Credit Corp Financial Services Pty Limited which is also a member of AFCA. Even if you’re a discharged bankrupt, you may still qualify for Wizit. Your application will be subject to an objective assessment criteria.
Features of Wizpay
- Fast and easy sign-up
- Seamless and simple application
- Form gets you shopping quicker
- Effortless checkout
- Select Wizpay at checkout and complete your purchase, the platform takes care of the rest
- Payment split into 4 instalments
- Take the opportunity to shop now
and pay later - Zero interest with minimal fees
- Leave more money in your pocket to spend on the things you want
Payment Categories of Wizpay
Wizit (Wizpay) provides three basic ways to make a purchase of Aa product or service, and all three are totally different from each other.
- WizitPay
- WizitCard
- PowerUp
1. WizitPay Wizpay
WizitPay is the first variant of WizPay and a Popular BNPL or Buy Now Pay Later Payment option which allows users to shop online up to a limit of $500 and Pay Later in four easy and equal installments over 6 week period.
WizitPay offers up to $500 to shop online with its online retailers across Australia with zero interest for your 4 fourtnighly instalments. But remember that if you do not repay the full balance before the end of the month, then it will take around $5 as an account fee per month.
With WizPay WizitPay, customers can shop online and pay in 4 instalments over 6 weeks with the relevant that applies. The app allows you up to $500 to shop online with zero interest and payments in 4 equal fortnightly instalments.
2. WizitCard Wizpay
WizitCard, the second payment option offered by Wizpay now WizitPay, is not a usual credit card. It is Credit Card but it has some advance features as it is a digital debit card so you can easily pay anywhere and anytime you want for your shopping or purchases through online or offline stores.
In Wizit Card the spending limit is up to $1000 and the amazing thing is that it won’t charge anything you spend or shop up to the limit of $1000. It only charges $19 monthly as account maintenance fees while you are using the card or you have a pending balance, otherwise it won’t charge anything.
Also, if you miss out on the repayment dates, your WizitCard account will be charged $1.00 per day as a late fee for the past Day From You and Around 10 Days Grace Period Also Applies for This Amount, which is capped at $100 per rolling 12-month period.
The $19 monthly fee that’s charged instead is also competitive with other no interest, flat fee credit cards in Australia. While this fee is waived if you don’t owe anything and haven’t used the card for a statement period, it could add up to $228 over a year if you regularly use it.
The Wizitcard is an instant, virtual credit card you can add to Apple Pay and Google Pay, then use anywhere Mastercard is accepted. Paying a monthly fee instead of interest charges means you’ll always know how much the account costs. It also offers weekly, fortnightly or monthly direct debit payments and the option of additional payments if you want to repay it faster.
Pros
- No interest charges
- No monthly fee if you have a $0 balance and don’t use the card for a statement period
- Instant virtual card you can use with Apple Pay and Google Pay
Cons
- Maximum credit limit of $1,000 is low compared to other credit cards
- 3% currency conversion fee if you use this card overseas or online in an international currency
- No option for ATM withdrawals or cash advances.
The Wizitcard is an instant, virtual credit card you can add to Apple Pay and Google Pay, then use anywhere Mastercard is accepted. Paying a monthly fee instead of interest charges means you’ll always know how much the account costs. It also offers weekly, fortnightly or monthly direct debit payments and the option of additional payments if you want to repay it faster.
You can apply for the Wizitcard directly through the Wizit app. To get started, make sure you meet the eligibility criteria and have the key documents and details you need to submit.
Eligibility criteria for obatining Wizit Card from Wizpay.
-
- Australian residency. This card is available to Australian permanent residents and citizens.
- Age. You must be at least 18 years of age.
- Credit history. Wizit will consider your credit history as part of the application. If you have bad credit history, you may want to contact Wizit directly to discuss your situation.
Required documents
- Personal information. This includes your full name, date of birth and contact details.
- Identification. You need to provide details for 2 of the following forms of ID: your Australian driver’s licence, passport or Medicare card.
- Bank account details. You need to provide your internet banking details as part of the application process so that Wizit can complete its assessment and your eligibility for the card.
What interest and fees apply to the Wizitcard?
With the Wizitcard, what you see is what you get. The Wizitcard is interest free forever, but some fees do apply.
- 0% p.a interest.
- $0 annual fee.
- $19 monthly fee applies only when you use the card in the month or have a balance owing in the month.
- $1 late payment fee. This fee is payable per day that the account is overdue and subject to a 14-day grace period.
- $1.90 dishonour fee. This fee is payable in the event that a direct debit is not honoured.
- 3% international conversion fee. If you ask us to process a transaction in a currency other than Australian dollars this fee will apply. The fee is equal to 3% of the Australian dollar value of the transaction.
3. PowerUp Wizpay
When you have PowerUp From WizIt (Wizpay), you don’t need to take a loan from the bank because PowerUp offers a competitive buy now and pay later loan option with the $3,000 Spending Limit with an interest range from 19.9% to 47.8%.
PowerUp Wizpay has the capacity to lend up to $30,000 making it one of the most popular BNPL Service Providers in Australia. By using PowerUp, you can actually do many things such as going on a luxury holidays or you can make an expensive purchase or major home repaits or pay for utilities. You can use PowerUp Wizpay to charge your Wizit Card or you can directly transfer the money into your bank account.
5 Types Of PowerUp Funds
Overall there are 5 types of PowerUp Funds available that you can get from the WizIt PowerUp services which are as follows: –
- Diamond: – It Is One Of The Highest Services That Allow You To Borrow Up To $30000 at an interest rate of 19.9% Per Annum.
- Platinum: – It Is One Of The Second Highest Services in which you can borrow up to $20,000 at an interest rate of around 24.9% Per Annum.
- Gold: – Gold Has An Borrowing Limit of Up To $15000, In which you have to pay up to 34.9% per annum Interest Rate.
- Silver: – In Silver, You Have To Pay Up To 39.9% Per Annum with which the maximum limit being up to $10000.
- Bronze: – In Bronze Plan, The Maximum Loan Amount You Can Get is Up To $5000 With An 47.8% Interest Rate.
How does Wizpay work?
What is Wizitpay (formerly Wizpay) and how does it work? Wizitpay is one of the leading Buy Now, Pay Later product in Australia which allows you to shop now, and pay off your purchase in 4 instalments over 6 weeks with zero interest, forever.
Integrate wizit with your checkout
Integrate wizit effortlessly at the checkout with most eCommerce platforms. If you need help, just let us know.
Customers pay using wizit
Customer purchases an item from your website using wizit.
Get paid within 24 hours
Manage and stay on track of all your sales in our merchant portal. You will always get paid upfront, even when we don’t.
How do I apply for Wizpay?
Simply download the Wizit app. From there, you will be able to view our range of products and consider what may be suitable to you. Then, if you want to apply, you can commence the application process and you’re on your way!
What documentation do I need to apply for Wizpay?
You’ll need to provide some personal details, as well as your identification details (Driver Licence, Passport or Medicare card), your internet banking details and a debit or credit card as a funding source. But, no need for printing and paperwork, all of this is taken care of digitally.
Who do I contact for questions regarding my pending Wzit application?
We get that people want answers quickly, so we strive to give you the fastest, easiest and most hassle-free way to apply for our products. In saying that, sometimes we do need to check a thing or two and it can take a little more time than usual.
If you have any questions or want to discuss your application, you can contact us at hello@wizit.money or by calling during business hours on 1300 730 522.
Can I borrow if I’m on government benefits?
Wizit BNPL platform welcome applications from anyone. Your application will be subject to our assessment criteria and a decision will be made based on your circumstances.
Does Wizpay conduct Credit Check?
Yes, Wizit will does conduct a credit check if you apply for a wizitpay account. However even if your credit history is a little shaky or poor, the application considers a wide range of factors when making their assessment and approval rating.
Does Wizpay charge late fees?
A Late Fee of $1.00 is payable per day that the account is overdue. This amount is capped at $100 per rolling 12 month period and subject to 14 day grace period. A $1.90 Dishonour Fee is also payable in the event that a direct debit is not honoured.
FAQs
How can I become a Wizit partner?
We’d love to have you on board! From the menu, select Retail Partners and then Become a Partner and follow the prompts. If you have any questions, get in touch on 1300 730 522, our team will be more than happy to assist.
Why should my business partner with Wizit?
We pride ourselves on being a better value, more sustainable choice for retailers and consumers alike. We offer low merchant fees, next day settlement and complimentary brand exposure via our shop page and social media.
Plus, we have a long history of providing affordable and sustainable lending solutions to Australians over many years and pride ourselves on financial inclusion.
What are my merchant fees? What are the fees you charge to us as a business?
Wizit has no setup fees and our merchant fees start from a low 2%. There’s no need to pull a rabbit out of a hat, shop with Wizpay today!
WizPay Customer Feedback and Reviews
The following are reviews and feedback from real users of Wizit Pay.
Can’t close account and keep getting charged account keeping fees! – Ernz
Worst BNPL service. Small merchant base. Account paid and trying to close it, but company is non-contactable and the 1300 number on their website is actually for a Mediations International company. Keep charging up keep fees despite trying to close the account. Doesnt answer emails, and email provided on website doesnt even work! Had to go through my contract to get the right one! Stay well away from Wizpay.
Banks classify this company as a gambling company – All Blacks Melbourne
I only used it once and will never use it again. Both CBA and HSBC classify this company as gambling. CBA blocked my payment straight up and HSBC charged me cash advance fee and interest on the repayment because of the classification. It’s an absolute joke as they do this on purpose so that you miss payments and then they can charge late fees/missed repayment fees.
Selective company – shanus75 Central, SA
This company states they consider more than your credit history yet I still could not get approved despite having more than adequate financials. Stick to loans Wallet Wizard!!
Useless – Nick J.South East Queensland, QLD –
One of those companies that pretends it’s really easy to use, but upon registration you’ll find plenty of obstacles to getting the product. This wouldn’t even let me set a new password. Amateurish and not what it seems.
Avoid WizIT Pay – Credit Check – Zane L., South East Queensland, QLD
Avoid this BNPL company as they perform a credit check and request a ATO Notice of Assessment to obtain their card. Do Not Apply with this BNPL company. Also their APP is totally buggy and even shows incorrect BNPL account balances and limits.
Conclusion
Wizit is one of the best Buy Now, Pay Later products in Australia which allows you to shop now, and pay off your purchase in 4 instalments over 6 weeks with zero interest. It is very easy to access the loan feature of this laudable application, simply download the Wizit app from play store, from there, you will be able to view the app’s range of products and consider what may be suitable to you. Then, if you want to apply, you can commence the application process and you’re on your way! The Wizitpay shopping limit is up to $500.
