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Zilch launches new membership tiers

Zilch expands beyond short-term BNPL with new 12-month payment plans and premium membership tiers for shoppers.

Zilch is expanding its Buy Now, Pay Later (BNPL) toolkit with new membership tiers and longer-term financing options. For retailers, the most important update is the introduction of 'Pay Monthly.' This feature allows eligible shoppers to spread the cost of their purchases over 12 months, moving Zilch beyond its traditional short-term pay-in-4 model. This shift targets larger basket sizes and higher-ticket items, making the platform more competitive for diverse inventory types. In addition to longer terms, Zilch is launching 'Extra' and 'Plus' membership tiers. These tiers offer premium features like no-fee transactions at non-partnered stores and higher cashback rates. For operators, this means Zilch is attempting to build deeper loyalty with its user base, encouraging them to spend more frequently and at higher volumes. The platform is also integrating 'Zilch Advance,' which uses Open Banking to provide salary advances. Overall, these updates signal a move toward more flexible, long-term credit solutions. Retailers should see this as a way to capture customers who need more breathing room than a standard six-week repayment cycle offers. By supporting 12-month terms, the platform is now a viable option for mid-to-high ticket retail sectors like electronics or home goods.

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