Do you use Shopee's Buy Now Pay Later feature? Shopee will impose a 1.5% processing fee for SPayLater starting today even if you choose the 1x month option. The 1.5% is also charged per month if you pay by instalment.
feature which allows you to shop now and pay later. Shopee Malaysia has announced that it will start charging a processing fee of 1.5% for its SPayLater payment option starting today, 17th October 2022. As a result, Shopee users who intend to use Shopee Pay Later and pay in full the next month will incur extra charges.
Based on the notice, the 1.5% processing fee will be charged at 1.5% per month on the total payment amount starting today. The 1.5% processing fee is also applied monthly on the total payment amount if you choose to pay via monthly instalments. If you miss the payment due date, your SPayLater account will be frozen and you’ll need to pay a late fee of RM10. Depending on your billing cycle, the SPayLater due date falls on either the 10th or 1st of every month.
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