Different online platforms offer the service “buy now, Pay later”. It will help those clients who don’t have enough money at the time of Payment. The feature is developed in the Philippines to help them in hard times. One of the popular e-commerce sites, Shopee, offers this service as Spaylater.
A lot of people got a question What is Shopee Spaylater? The service allows users to loan the Payment. Payment to purchase a product from the website. So, Shopee PayLater (Spaylater) is the easiest way to get offers from brands and get a loan on the amount.
In this topic, we’ll discuss How you can Activate Spaylater? How to pay Spaylater using GCash? This article explains everything you need to know about the instalment service. Read this to the end to get gain benefit from Spaylater.
What is Spaylater?
Shopee app offers a service name Spaylater that allocates its user to pay in instalments for shopping. You must’ve experienced downtime or e-wallets app maintenance. At that time, Spaylater is used for payments.
Interest Rate:
The interest range for Spaylater is 1-5 per cent of the total Payment, depending on the person’s credit limit. You must know that for each order, the processing fee ranges from 0 to 2 %, which is not an interest rate. It depends on the selected item and instalment number. If you cannot pay instalments on time, you will charge an additional fee ranging from 2.5 to 5 %.
Credit Limit:
However, the credit limit of Spaylater depends on various factors. For example, if you are new and activate it for the first time, the credit limit lies between P1,000 to P2000. On the other hand, pay Spaylater instalments on time automatically, and the app increases your credit limit.
Payment Terms:
The Shopee app allows users to select the payment terms according to preference. Payment terms are explained below:
- You can choose time for loan payment varies from 1 to 3 months.
- For Platinum members, the time limit is six months.
- Longer the repayment term, the greater the interest you pay.
- The interest rate on order varies from 1 to 5 %.
If you don’t pay Spaylater, the credit line will be cut even after the due date. And you will reactivate it when you spend all of your remaining debts. Shopee contains authority to seize other vouchers and discounts. It doesn’t matter if they need Shopee Pay or not. The worst scenario happens to you: account disabled, visit from Shopee debt collector, and credit card points affect future loans.
Steps To Activate Shopee PayLater:
SPay later is relatively easy to use. But to achieve benefit from it, you must activate it. The steps to start Spaylater are below:
Step 1: Log in Shopee app and tap ‘ME” or click on your profile icon.
2: Under Wallets, Press on Spaylater.
3: Tap on activate now and wait until you get the notification message on the registered mobile number.
4: Enter the given code and continue.
5: Complete the details and upload a national ID card picture for verification.
6: Verify your pictures and wait for the next 24 hours until it got verified.
Documents required: The documents necessary for activation are Bona fide Filipino citizens; you must be at least 21-year-old or above. Must have an ID card or passport, Driving license, UMID, Postal ID and PRC license ID.
Note: In the Shopee app, you will get the notification of your credit limit approved by the app, which you get after 1 hour of the application process.
Steps To Pay Spaylater Using GCash
You can also use GCash to pay Spaylater. The process for Payment through GCash is defined below:
1: On the Shopee app on the Spaylater page, tap on the icon.

2: In payment mode, choose pay now.

3: Check out the current bill and click pay now.

4: Tap on Pay now, and if it demands, payment method for bill payment.

5: Choose payment method and click on confirm.

6:In to your account, enter the total amount and press the Pay icon.

After some time, you will be notified that the transaction is successful.
FAQs:
Q: How much loan can I get from Spaylater?
Ans: Generally, Shopee offers a Php50,000 loan for Pay later. But it will also increase if you pay on the due date.
Q: Is there a way to increase Spaylater Limit?
Ans: Shopee also increases the Spaylater limit based on user account history with other credit and loans. To get the maximum limit, always pay on time.
Q: Does Shopee offers Spaylater deals?
Ans: Spaylater can divide the amount into instalments. You can also get free shipping vouchers applicable on Spaylater payment mode.
Q: Can I deactivate Spaylater?
Ans: No, you can’t. Once the feature is activated, you can’t remove it. So, the best you can do is not to use it for payments on Shopee.
Conclusion:
Shopee is the leading e-commerce site that offers the Spaylater service. The user can get loans on the Payment through this feature. Paying later is the best option for a fast transaction, or you are in wait for your salary. The interest rate is 1-5 %, while the credit limit is P1000 -P2000. So, pay instalments on time and get additional benefits associated with it.
Also Check: How to Pay Shopee & Meralco using GCash?
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