Hi, how can we help?

[SPayLater] What happens if I do not make payment on time?

English | Bahasa Malaysia

 

You are required to make full payments as per your SPayLater bills whenever you have utilised the SPayLater function.

 

If you do not make full payment by the 1st, 10th or 20th of every month, your SPayLater and/or Shopee account will be suspended. To continue using the SPayLater service, a late charge of the bill principal amount or RM10, whichever is lower will be applied (effective from the 26th of September 2024).

 

Examples as below:

 

A late charge will be charged every time there is an overdue and the user's SPayLater account is suspended

Due Date

Bill payment Made By User

Late Charge

1 August

Users make full payment

0

1 September

No payment made, user overdue

Bill principal amount or RM10, whichever lower

1 October

No payment made, user overdue

No late payment charge. The bill principal amount or RM10, whichever lower will be applied if there are consecutive overdue

1 November

User make full payment (for the Sep, Oct and Nov)

0

1 December

No payment made, user overdue

Bill principal amount or RM10, whichever lower

1 January

Users make full payment

0

 

To remain Shariah-compliant, any charges above the actual cost incurred will be donated to a charitable body approved by the Shariah Advisor.

 

You may click HERE for more information.

 

SPayLater is a service provided by SeaMoney Capital Malaysia Sdn Bhd.

Was this article helpful?
Yes
No