What is ‘Optuspay’


OptusPay device payment plan. img src

You can get your the latest flagship device without paying outright

Optus now has a new device payment plan called OptusPay, which allows you pay off any device purchased from Optus, interest-free in monthly installments.

Compared to its predecessor, the OptusPay device payment plan isn’t much different. However, it simplifies things with a new name and straightforward billing.

In this article, we’ll tell you all about OptusPay and how you can take advantage of its benefits.

What exactly is OptusPay?

That new flagship device might be too expensive for an outright payment. But that doesn’t mean you can’t afford it. And with new network technology like 5G phone plans, getting a new device that is compatible with such technology is becoming more important.

Telcos offer device payment plans that allow to you pay monthly installments as opposed to an outright payment, so you can have the latest device without a lump sum out-of-pocket payment.

Optus device payment plan is now named OptusPay. The new payment plan works the same as Optus’ previous device payment plan, but the new name (OptusPay) makes it clear to customers what their options are. With OptusPay, you can purchase any mobile phone, tablet, or Smart Watch that Optus has to offer, on a monthly payment plan.

OptusPay payment structure

With OptusPay, you can choose to pay off your device in a span of 12, 24, or 36 months. Payments will be made on a monthly basis, and it is interest free.

For instance, Optus sells the iPhone 12 Pro Max for just a little under $1,900. That’s a lot of money to pay outright.

With OptusPay, however, you can get the iPhone 12 Pro Max for just a little over $50 per month on a 36-month plan. If you’d like a shorter term to complete the payments, you can choose between the 24-month plan (around $77 per month) or 12-month plan (less than $155 per month).

And rather than having a separate bill for your device, OptusPay places your device payment bill on your SIM plan bill, making it easier to make payments.

What’s the catch?

Well, you probably already guessed – using OptusPay requires a SIM plan from Optus. This means that you have to have an active Optus SIM plan for the duration of your OptusPay device payment plan.

Thankfully, though, you don’t have to be stuck with the exact same SIM plan you had when you first signed up for OptusPay. Because Optus plans are month-to-month, they don’t ock you in – if Optus comes out with a more attractive SIM plan down the line, you can switch to that plan without violating the terms of your OptusPay device payment plan.

However, although you can change your SIM plan while on OptusPay, you can’t change the OptusPay payment terms. For instance, if you chose a 12-month period to pay off your device, you won’t be able to change it to 36 months in the future. If you find yourself in a situation where you don’t want to stick to the payment schedule you chose, you’ll have to pay off the device in its entirety to get out of the OptusPay plan.

Also, if you’d like to upgrade your device to a newer model when one comes out, you would have to be on an Optus Choice plan. Also, OptusPay requires you to pay off your current device in full before upgrading to another.

It’s also important to note that you can get a new OptusPay plan on another SIM plan. The device payment plan is on a per-SIM basis, so you can initiate a new payment plan for a new device with a separate SIM plan from your current one.

Final words

Device manufacturers release new models all the time, and they seem to get more and more expensive. This makes it quite difficult to get your hands on the latest smartphone, tablet, or Smart Watch that you really want.

Australia is reeling from COVID-19 economic effects, so the majority of Aussies plan to spend less for months to come. Telcos are aware of this, and have launched ways to encourage device purchases that fit the current economic climate.

OptusPay is Optus’ solution to owning the latest device without having to pay a lump sum out of pocket. And the best part about it is that it’s interest-free, so you’re not paying more than you would it you purchase the device outright.


Neil Aitken

Having worked in 3 countries for 4 telcos on both voice and data products, Neil is in a position to give you the inside track. Get beyond the marketing messages to the best plan for you.