Shopee Malaysia had recently announced that they will be implementing a 1.5% processing fee for its SPayLater (Buy now, pay later) facility starting 17th October 2022.
![](https://i0.wp.com/zenthegeek.tech/wp-content/uploads/2022/10/221017-shopee-BNPL-processing-fee-719x1024-1.jpg?resize=719%2C1024&ssl=1)
This means that even if you fully settle your purchase the next month, there will still be a 1.5% charge on your total amount / order amount. If you choosing to go monthly (up to 12 months), the amount will be compounded for every month throughout your repayment duration.
That’s 2.5% interest for 2-month repayment and stacking!
![](https://i0.wp.com/zenthegeek.tech/wp-content/uploads/2022/10/splaylater-shopee.jpg?resize=640%2C360&ssl=1)
If You Don’t Pay
Well, Shopee will freeze your SPayLater amount until you finish repaying for your item. You will also have to pay an extra RM 10 reactivation fee as a penalty.
Other Payment Options Remain The Same
If you have a credit card, you will still be able to make interest free installments free of processing fees.