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How to convert SPayLater - Buy Now Pay Later (BNPL) to Installment?
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SPayLater – Buy Now, Pay Later (BNPL) is a feature of SPayLater that lets you shop on Shopee and conveniently pay for all of your checkouts on your next due date. Now, you can convert your Buy Now, Pay Later (BNPL) purchases into installments for easier expense management.
Convert BNPL to Installment
Go to SPayLater in the app > Scroll down and select Convert into Installment > Select your BNPL transaction > Next > Review the installment amount > Choose a payment term > Check the monthly breakdown (excluding processing fees) > Confirm.
You may confirm the BNPL Convert in the Transactions page and look for items tagged as CONVERTED.
⚠️Note • Conversion to installments is only available for SPayLater transactions. • Changes in interests and fees shall apply given the new installment transaction. Promotional interests may not carry-over. • Review your transactions carefully before confirming. Once converted, you cannot revert back to BNPL. |
FAQs
Q: Where and how can I convert BNPL transactions?
A: Go to SPayLater Homepage or Transaction Page > select Convert into Installment.
Q: Can I convert my SLoan or any transaction into an installment?
A: No, only SPayLater BNPL transactions can be converted. This feature is currently exclusive to SPayLater originated orders only.
Q: How long does BNPL conversion take, and how will I know if it’s successful?
A: It happens in real-time, and you'll receive a confirmation notification.
Q: Why can’t I convert a transaction?
A: You have no eligible BNPL transactions at this time. Your BNPL transaction amount should be above Php 1.00.
Q: Can I partially convert a BNPL transaction?
A: No, the entire transaction must be converted.
Q: Can I change back my installment to BNPL?
A: No, once you have converted your SPayLater BNPL to installment, you cannot revert back to BNPL.
Q: Will I be notified once my BNPL transaction is successfully converted to an installment?
A: Yes, you will receive a notification confirming that your BNPL transaction has been successfully converted to an installment.
Q: Am I allowed to refund after doing the conversion?
A: Yes, you are allowed to refund your items even after converting them into installments.
Q: What are the available tenor options for converting my BNPL?
A: There are 3/6/12 possible installment terms, but these options will vary per user depending on your current available SPayLater installment terms.
Q: What will happen to my 0% BNPL interest rate if I convert it into installments?
A: When you convert your BNPL transactions to installments, the 0% interest rate will no longer apply. Instead, the interest rate and other fees will depend on the installment tenure you select.
Q: Until when can I change the term from BNPL to another term?
A: You can convert your BNPL transactions at any time before the due date.
Q: Can I combine “Before Order Received” and “After Order Received” transactions?
A: You may convert both transactions at the same time, but they will remain as separate installment transactions after conversion.
Q: Am I able to add my BNPL transaction for conversion even if today is the due date?
A: No, you may not add your BNPL Transaction for conversion if it is on the due date or after the due date.