How SPayLater Can Save You Money on Shopee in 2024

If you often shop on Shopee, you might have come across a new payment choice called SPayLater. It’s a Buy Now Pay Later (BNPL) service enabling you to make purchases immediately and settle the bill in monthly instalments.

But how exactly does SPayLater function, and what advantages does it offer? Here’s what you should understand about SPayLater in 2024.

What is SPayLater?

SPayLater is a Buy Now Pay Later (BNPL) service provided by Shopee Malaysia, which is a part of the Sea Group, a leading digital platform in Southeast Asia.

With SPayLater, you can split your purchases into monthly instalments without any interest or processing fees if you settle the full amount the following month. Alternatively, you can opt for payment plans of 3, 6, 9, or 12 months with a 1.5% interest fee per month.

To be eligible for SPayLater, you must be a Malaysian citizen aged at least 18 years with a verified Shopee account. You can apply for SPayLater through the Shopee app by selecting the SPayLater icon under the Account tab.

You’ll need to complete an electronic Know Your Customer (eKYC) process by uploading your MyKad and taking a selfie. Additionally, you’ll need to provide personal details and set a 6-digit security PIN.

Once approved, you’ll receive a credit limit of up to RM4,000, based on your eligibility. SPayLater can be used to purchase most products on Shopee, except for digital items and fine jewellery.

You’ll find the SPayLater option displayed on the product page and checkout page, along with the lowest monthly instalment amount.

How does SPayLater save you money?

SPayLater offers several ways to save you money:

  1. 0% Interest and Processing Fees: Pay in full the next month and enjoy 0% interest and 0% processing fees. This allows you to make purchases without any extra charges, providing flexibility with your finances.
  2. Earn Shopee Coins: When you use SPayLater, you can earn Shopee Coins, which are loyalty points. These coins can be used to redeem vouchers, discounts, and even free shipping on Shopee, allowing you to maximize savings on your purchases.
  3. Access Promotions and Discounts: Take advantage of promotions and discounts on Shopee without worrying about immediate cash flow. With SPayLater, you can buy items at lower prices and pay for them later in instalments, ensuring you don’t miss out on great deals.
  4. Better Budget Management: By spreading your payments over time with SPayLater’s instalment plans, you can manage your budget more effectively. Choose the plan that suits your needs and preferences, giving you greater control over your finances.

How do you pay for SPayLater?

SPayLater operates on a monthly billing cycle, issuing statements on the 10th of each month, with payment due by the 25th of the same month. You can settle your SPayLater bill using various methods, including:

  • Lazada Wallet
  • Online banking
  • Credit/debit card
  • Touch ‘n Go eWallet
  • Boost eWallet

Your SPayLater transactions, balance, and credit limit are conveniently accessible on the Shopee app under the Account tab.

In the event of a missed payment, SPayLater will impose an overdue fee of RM30 and suspend your account until the outstanding amount is settled.

What are some tips for using SPayLater?

Here are some helpful tips for using SPayLater responsibly and effectively:

  1. Mindful Spending: Reserve SPayLater for necessary items or those you genuinely desire, rather than succumbing to impulse buys.
  2. Settle in Full: Whenever feasible, pay off your SPayLater balance in full the following month to steer clear of interest and processing fees.
  3. Select Wisely: Compare different instalment plans to identify the one that aligns best with your budget and cash flow.
  4. Stay Organized: Keep a close eye on your SPayLater transactions and balance. Ensure timely payments to avoid late fees and penalties.
  5. Stay Updated: Stay informed about the latest news and updates regarding SPayLater by checking Shopee’s website, app, and social media channels regularly.


SPayLater stands out as a convenient and flexible payment option that can aid in saving money on Shopee in 2024. With wise usage, you can relish the convenience of online shopping without straining your finances.

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