How to use shopeeSpayLater? What is the method?

On the Shopee platform, many buyers want to experience the installment service function of shopeeSpayLater. However, if you have just registered a Shopee account, you cannot enjoy this service. But if you are eligible to activate it, what should you do? Let’s talk about the operation process below.

How to use ShopeeSpayLater ?

The Shopee Paylater system is similar to a credit card, but with lower interest rates and simpler terms and conditions for activating Shopee Paylater. With Shopee Paylater, users can enjoy loans by paying back the loan next month or in installments of 3, 6 and 12 times.

1. Update Google Play Services.

2. Try face verification again. It is recommended to try at least twice.

3. If it doesn't work, wait for 10 minutes and make sure your phone is connected to a good internet connection.

4. Restart the HP.

5. Please try again like the second point.

If the method to activate Shopee Paylater has been successful, the user will receive a notification on the Shopee app notification page that Shopee Paylater is being processed.

Immediately check if there is a Shopee Paylater payment method on the payment menu. Because, if it has been approved, the Shopee Paylater method will be automatically added to the payment menu.

If you have successfully implemented and used the Shopee Paylater registration method, please try to pay your bill on time before the selected due date to avoid being charged a 5% penalty on the total bill.

In addition, Shopee will take firm measures against Shopee Paylater users who are overdue for payment, for example, by freezing Shopee accounts, limiting the use of Shopee vouchers, and registering with OJK's SLIK (Financial Information Service System) for on-site billing.

Shopee Paylater has an installment system of three months, six months and one year. Shopee Paylater installments include principal installments and a minimum monthly interest rate of 2.95% for the Buy Now Pay Later plan. In addition, there is a handling fee of 1% of the total purchase amount.

For example, if you buy an item for IDR 100,000 that will be paid for one month through the Shopee Paylater system, you must pay IDR 103,950. The cost includes the principal debt of IDR 100,000, interest of 2.95% or IDR 2,950. and a processing fee of IDR 1,000.

In addition to interest, Shopee Paylater also imposes penalties for late payments. If you pay late, you will be subject to a penalty of 5% of your total monthly bill.

For example, your total bill is IDR 100,000, including interest and fees. However, the payment is late that month. Therefore, you also have to bear a 5% penalty so that the payment becomes IDR 105,000. This amount may increase every month if you keep delaying payments.

If you want to experience the shopeeSpayLater service, you must first activate it. The activation process has been introduced. When you go shopping later, choose those products that support this service and choose the appropriate installment according to your needs. Generally, there are three months, six months, etc.

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