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[SPayLater] What are the terms for payment by SPayLater?
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Eligibility
You can pay with SPayLater on Shopee if you:
21 - 65 years old
Valid Governement ID
Your spending limit is based on your payment history and behavior. View your total and remaining limit on the SPayLater page.
If you fulfill the eligibility conditions but cannot pay by SPayLater, contact Shopee Customer Service.
⚠️Note • Your spending limit may be adjusted at Shopee's discretion, depending on your repayment behaviour. Pay your bills on time to avoid adjustments. • There is no minimum order amount for using SPayLater. |
Payment plans
SPayLater charges a 0-2% processing fee per transaction and 1-5% monthly interest. Pay on time to avoid extra fees!
Processing Fee | Interest Rate | Late Payment Fee |
0-2% of the total amount | 1-5% per month on total order The interest rate will be based on your personal credit profile | 2.5-5% This monthly rate is applied to the outstanding amount |
⚠️Note Frequent late payments may result in the following restrictions on your Shopee account: · Limited use of Shopee vouchers · Restricted access to Shopee app features |
Payment due dates
You can select your SPayLater payment due dates based on when you make your purchase. Here are the available due dates:
Pay by the 5th of each month
Pay by the 15th of each month
⚠️Note • You'll be billed for payment 10 days before the due date. Learn how you can view your SPayLater bills. • If you are paying by the billing cycle selected before the due dates, you will have to complete payment according to the original due dates. Check the SPayLater page for your due dates. |
Returns/refunds
If you request for a return/refund for products paid by SPayLater, these terms apply:
For orders from 1 seller only, any return/refund requests will apply to all items.
For orders that have items from more than 1 seller, any refund requests for an item will apply to all other items from the same seller.
SPayLater is a payment method offered by SeaMoney (Credit) Philippines, Inc. regulated by the Securities and Exchange Commission.
