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[ShopeePay] RM9,999 Wallet Limit FAQ

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1. What are the different wallet holding limits of a basic and premium account?

A basic, unverified account will have a wallet holding limit of RM2,999 whereas a premium account that is verified through our e-KYC process will have a wallet holding limit of RM9,999. ShopeePay users who are verified through our standard KYC process prior to 13 November 2024 and have not completed the new e-KYC process will retain a wallet holding limit of RM4,999.

 

⚠️ Note: 

 

  • Starting 24 February 2025, new users who verify their ShopeePay account will only be granted access to the premium account.

2. What can I do to increase my wallet limit?

To increase your wallet limit to RM9,999, please ensure that you have verified your identity through our e-KYC (Electronic Know Your Customer) process. 


You may follow these steps to verify your identity:


Step 1: Go to the ShopeePay homepage. A banner will be displayed asking you to perform the identity verification via e-KYC to get a higher wallet limit

Step 2: Click on the banner and this will lead you to the e-KYC flow


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3. What are the different features of a basic and premium account?

 

Wallet Type

Features

Basic Wallet

·Top up

·Perform payments

Premium Wallet

·Top up

·Perform payments

·Withdrawal

·P2P transfer

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