eBay & Zilch Buy Now Pay Later Spread UK Holiday Cheer

Liz Morton
Liz Morton


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eBayUK and buy now, pay later provider Zilch teamed up for this year's Christmas Zilch List spreading holiday cheer to a few lucky winners.

Hold on to your baubles, people. The Christmas Zilch List is back. That's right, we’ve hit the road for the second year running – this time with eBay – to spread a little festive cheer to those who really, really deserve it. Grab a tissue, enjoy and have a very Merry Christmas.

To enter:
💚 Give this video a thumbs up
💚 Tell us in the comments what you want to win and why

*Competition closes 16:00 02/01/2023. No limit on number of entries. One winner will be selected. Prize: a Christmas wish of your choice, up to the value of £500. Winners’ first name and county may be shared to @payzilch’s Instagram story. Promoter: Zilch Technology Limited. For full competition T&Cs, see link in our Instagram bio @payzilch

**Spend responsibly, spending more than you can afford could seriously affect your financial status. Credit subject to status, 18+, UK residents only. Representative APR 18.1% (fixed). Rep Example: based on total spend: £240 (+ £2.50 transaction fee). Total repayable: £242.50 paid over 6 weeks, 1st payment £62.50, then 3 payments of £60.00 every 2 weeks. T&Cs apply.

Zilch is a lesser known player in the Buy Now, Pay Later space but believes their service offers key differentiators over competitors like AfterPay and Klarna.

Founder of buy now, pay later startup Zilch: We are ‘democratizing the access to free credit’
More companies are entering the red-hot buy now, pay later (BNPL) space, and a new player is pushing a big assertion.

Despite the competition, Belamant said his Zilch's business model will allow the company to stand out in the long term.

This is because users on Zilch can choose any retailer they want to buy from and "circumvent this network" by accessing a larger number of stores, Belamant said. So, in effect, the company can "grow significantly faster" because "we go direct to the customer ... and allow the customer to pay over time anywhere they like for anything," he added.

It appears Zilch has been growing quickly, passing the 3 Million user mile stone in November.

Zilch to 3 million: Fintech passes 3 million users and turns a gross profit - Zilch
London, 02 November 2022: Zilch, the world’s first Commerce Card, today announces it has raced past the 3 million customer milestone – outpacing fintech

London, 02 November 2022: Zilch, the world’s first Commerce Card, today announces it has raced past the 3 million customer milestone – outpacing fintech heavyweights like Revolut, Starling Bank and N26. Zilch’s direct-to-consumer approach continues to outperform the market showing significantly stronger levels of customer engagement and unit economics.

Zilch’s unique Ad-Subsidised-Payments-Network generates advertising revenue each time its customers spend, which it passes on to them in the form of free credit, savings, deals and discounts. This unique approach has resulted in record-breaking customer growth and a profitable product proposition.

While eBay has recently been making moves to expand their BNPL options, such as introducing Zip Pay in Australia, these types of payment methods are also receiving increasing scrutiny from regulators across the world and could be headed for a crackdown that would see them subjected to stricter consumer protection standard more in line with traditional credit card and financial companies.

Buy Now Pay Later Faces Increasing Australian Regulation
Buy Now, Pay Later services face increasing scrutiny & regulation in Australia - are other countries next?

Have you used a Buy Now, Pay Later service to shop on eBay? Let us know about your experience in the comments below!

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Liz Morton is a seasoned ecommerce pro with 17 years of online marketplace sales experience, providing commentary, analysis & news about eBay, Etsy, Amazon, Shopify & more at Value Added Resource!