Shopee Begin To Impose 1.5% Processing Fee On SPayLater BNPL Option ShopeeMY
, customers that choose the BNPL option for their purchase will now have to pay an additional processing fee. The rate has been set at 1.5% of the total payment or the order amount.The rate is identical to the processing fee that Shopee has imposed on SPayLater’s instalment options since July this year. At that time, the e-commerce company who has modified its policy on late payments as well.
While the company did not really explain the reason behind the move, it took place at the same time after . Instead of charging 1.5% out of the order amount as the late penalty fee, Shopee would freeze customers’ SPayLater accounts instead if they failed to make their payments on time.The SPayLater payment structure as of 17 October 2022. [Image:In order to gain access to the account once again, customers then have to pay RM10. The new policy has also been imposed on those who opt for the BNPL options and that remains the same even with the newly imposed 1.5% processing fee.
To be eligible for the SPayLater payment option which can be activated directly from Shopee’s mobile app, one has to be a Malaysian citizen aged 18 years and above with a valid MyKad or MyPR. Meanwhile, customers can sort out their SPayLater’s monthly payments through online banking, credit & debit card, cash payment at 7-Eleven branches, and of course, directly through the ShopeePay wallet.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2022 Moto Guzzi V100/V100S Mandello - pre-orders being taken for Europe, adaptive aerodynamics - paultan.org2022 Moto Guzzi V100 Mandello Verde First shown at the EICMA motorcycle show in 2021, pre-orders are now being taken for the 2022 Moto Guzzi V100 Mandello in Europe for delivery in 2023. There are …
Read more »
GE15: Sabah's Upko to contest using Pakatan logo for first timeKOTA KINABALU: Upko - the only local party in Pakatan Harapan - is set to use the national opposition party's symbol during the 15th General Election (GE15).
Read more »
Upko to contest on Pakatan logo for first timeKOTA KINABALU: Upko, the only local party in Sabah Pakatan Harapan, is set to use the national opposition party’s symbol during the 15th General Election.
Read more »
Syed Hamid Albar now AeU's first ChancellorKUALA LUMPUR: Asia e University (AeU) appointed Tan Sri Dr Syed Hamid Albar as its first Chancellor during the university's 11th Convocation ceremony here Saturday (Oct 15).
Read more »