How does Shopee's SPayLater charges you?

Dear Shopee users, you should read this. I scared that you simply click the button and it charges you without you knowing this. Huh? What's that? It sounds serious...

Of course lah, everything related to our hard earned money, we should act seriously. Objective: Make informed decision.

Okay, firstly, what's SPayLater?

SPayLater is a financial solution that provides users with payment flexibility via a seamless digital experience. It allows users to buy now but with the choice of paying for their purchases later. Users can choose from various payment schemes ranging from one month up to a maximum of twelve months. *T&C applies.

In short, it's a Buy Now, Pay Later (BNPL) version of Shopee. 👀

How do I pay with SPayLater?

If you're eligible for SPayLater, you can use it to pay for your orders after activation on Shopee App.

1. Activating SPayLater
   
   
   Activate SPayLater by going to the Me tab > Activate Now > Fill in the One-Time Password sent to your registered mobile number > Continue > Fill in your MyKad details and other required information > Start Facial Verification > Start PayLater.
   
   
2. Paying with SPayLater
   
   Select SPayLater during your checkout:
   
   Payment Option > SPayLater > CONFIRM > Place Order > fill in your ShopeePay PIN number > CONTINUE.

What are the terms for payment by SPayLater?

You can pay by SPayLater on Shopee if you are:

• A Malaysian citizen
• 18 years or older
• A valid MyKad / MyPR holder
• A spending limit applies depending on your payment history and spending behavior. You can view the overall and remaining spending limit on the SPayLater page.

⚠️⚠️⚠️ Note ⚠️⚠️⚠️

• Your spending limit may be adjusted at Shopee's discretion, depending on your repayment behavior. Pay your bills on time to avoid adjustments.
  
  
• For Shopee platform checkout and ShopeePay merchants purchases, there’s a minimum spend of RM1.01 for BNPL option, and a minimum spends of RM15 for the instalment option (e.g. 2, 3, 6, 12 months).
  
  
• For ShopeeFood checkout, there’s a minimum spend of RM1.01 for BNPL option. The instalment option is currently not available for ShopeeFood.

How is the SPayLater Billing Cycle?

You will be automatically allocated to either one of the billing cycle options upon activation (you play around lah with the cycle... 😃): 

Option 1 (Existing)

• Billing Date: 1st of the month
• Due Date: 10th of the month

Option 2 (NEW)

• Billing Date: 21st of the month
• Due Date: 1st of the month

⚠️⚠️⚠️ IMPORTANT ⚠️⚠️⚠️

Any fees?

Or, what is the fees?

                   Processing fees depend on your preferred payment plan

Remember: "There was no free lunch in this world 😒"

~ The End ~

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