I don’t always have enough money in my spending account—and sometimes I just get lazy to transfer funds from one account to another. Other times, I’m waiting for my paycheck to come in before making a purchase.
That’s where ShopeePayLater (or SPayLater) comes in. Now I can buy what I need now and pay when I’m ready.
It’s honestly one of the most convenient features Shopee Malaysia offers right now.
Let’s break it down so you’ll know exactly how it works, who’s eligible, and whether it’s the right choice for you.
What is ShopeePayLater (SPayLater)?
ShopeePayLater is a Buy Now, Pay Later (BNPL) feature by SeaMoney Capital Malaysia Sdn Bhd.
If you’re already familiar with ShopeePay, think of SPayLater as a more advanced and flexible payment option. Once activated, you can either:
- Pay the full amount next month, or
- Split the cost into monthly instalments.
What I personally like is that ShopeePayLater is Shariah-compliant, certified by Amanie Advisors. That gives peace of mind for users who prioritize halal financing.
You can also use SPayLater offline at physical stores that accept ShopeePay or DuitNow QR—so it’s more versatile than you might think.
Who Can Use ShopeePayLater?
To activate ShopeePayLater, you must:
- Be a Malaysian citizen, aged 18–65
- Have a valid MyKad, MyPR, or MyTentera
- Own a Shopee account in good standing
How to Activate:
- Open your Shopee app and go to the ‘Me’ tab
- Tap ‘Activate Now’ under SPayLater
- Enter the OTP sent to your phone
- Fill in your MyKad details
- Complete facial verification
- Wait for approval (usually takes up to 1 working day)
Tips from My Experience:
- Use a clear photo of your IC
- Make sure your facial verification matches your IC
- Increase your Shopee activity for better chances of approval
How ShopeePayLater Works: Credit Limit & Usage
Once approved, you’ll get a credit limit based on your profile.
You can’t manually increase it—Shopee decides based on your payment habits.
Minimum Spending:
- 1-month plan: RM1.01
- 3/6/12-month plans: RM15
- 18/24-month plans: RM100 (selected users only)
Want a higher limit?
- Use SPayLater regularly
- Pay your bills on time
- Stick to Shopee’s terms and conditions
Using ShopeePayLater: Online & Offline
For Online Shopping:
- Add items to your cart
- At checkout, select ShopeePayLater
- Confirm using your ShopeePay PIN or OTP
- Done!
For Offline Shopping:
SPayLater works at stores accepting ShopeePay or DuitNow QR.
If the cashier scans your QR:
- Tap ‘Pay’ in the ShopeePay section
- Choose SPayLater
- Show your QR code
If you’re scanning the store’s QR:
- Tap ‘Scan & Pay’
- Enter the amount
- Select SPayLater and confirm
Minimum spend still applies. Check if the store accepts SPayLater before shopping.
What Can You Buy with ShopeePayLater?
You’re not limited to physical products!
You can use it for:
- Shopee purchases
- Prepaid reloads & bill payments
- Tickets & digital products (for some users)
- Items with “0% SPayLater Instalment” tags
Pro Tip: Mixing items? Only those with the 0% tag qualify for interest-free instalments. It’s better to check out separately for those.
Billing Cycle, Payment & Due Dates
SPayLater has 3 billing cycles:
| Billing Date | Due Date |
| 1st | 10th |
| 11th | 20th |
| 21st | 1st (next month) |
How to Pay:
- Open the SPayLater page
- Tap ‘My Bill’ > ‘Pay Bill’
- Choose your payment method:
- ShopeePay Wallet
- Debit/Credit Card
- Online Banking
- 7-Eleven Cash Payment
- Tap ‘Pay Now’
You can pay early, but processing fees still apply.
Want to track your payments? Use the ‘Transactions’ tab.
Fees, Charges & 0% Instalment Plans
Let’s talk money—yes, there are fees depending on how you use SPayLater.
Processing Fees:
| Instalment Plan | Monthly Fee |
| 1-month | 0% |
| 3-month | 1.5% (often waived) |
| 6–24-month | 1.5%/month |
Note: 0% instalments apply only to selected items—not ShopeeFood or bill payments.
Late Fees:
- RM10 flat fee if you miss the due date
- Your SPayLater account may be suspended
- Repeated non-payment could lead to credit reporting
Common Issues & Quick Fixes
Problem: Just activated but can’t check out?
Fix: Wait the full 2 working days for activation.
Problem: Bill not updated after payment?
Fix: Usually updates within 24 hours. If not, contact Shopee support.
Problem: Online banking payment failed?
Fix: Refunds may take 7–14 working days.
The Perks: Why People Love SPayLater
- Convenience: Shop now, pay later—no need to wait for payday or struggle to transfer money between accounts. Pay at your own pace (just make sure it’s before the due date!).
- Flexibility: Choose a payment plan that suits your budget. This is especially useful for high-ticket items.
- More Purchasing Power: Ideal for emergencies or limited-time deals when cash is tight.
- Better Cash Flow Management: Spread out payments without feeling the full hit upfront—if you plan wisely.
- Exclusive Promos: Access vouchers and flash sales even when you’re short on funds.
- Easier Credit Access: Much easier to get than a credit card—I got approved in less than a day with minimal paperwork. ShopeePayLater even offers temporary credit limit increases for select users, which is a nice reward for being a good paymaster.
- Student-Friendly: Many students get approved even without fixed income. That said, I don’t recommend it for students—no need to start adulthood with debt.
But Wait—Here’s What You Should Watch Out For
1. Risk of Debt
SPayLater is still credit. Without discipline, it can quickly snowball into unmanageable debt.
2. Late Payment Penalties
- RM10 late fee
- Possible account suspension
- It may affect your credit report (yes, really)
3. Hidden Costs
The 1.5% monthly “processing fee” isn’t called interest—but it sure feels like it. Over longer instalment plans, it adds up significantly.
4. Shariah Concerns
Some Islamic scholars view these fees as riba (usury), while others accept them if they’re clearly disclosed. If this matters to you, it’s best to consult an Islamic finance advisor.
5. Impulse Buying Trap
It feels painless to click “buy now, pay later,” which makes it easy to overspend. Temporary credit limit increases can also tempt you to splurge “just this once.” It’s a psychological trick—be mindful of what you truly need.
7. Fine Print Matters
Always read the T&Cs, including:
- Total cost after fees
- Repayment timelines
- Consequences of default
Is ShopeePayLater Right for You?
Ask yourself:
- Can I repay on time?
- Is this a planned need or an impulse buy?
- Have I included the processing fee in my cost?
- Am I eligible for a 0% instalment promo?
- Do I have savings or backup funds?
If you’re a student or freelancer, be extra cautious. Sometimes, saving up is the smarter move.
Related Posts:
- BNPL Malaysia: How Buy Now, Pay Later Works & What You Need to Know
- Atome Malaysia Review: Guide to Buy Now, Pay Later Shopping
- Comprehensive Guide on Credit Card in Malaysia
- Why Was Your Credit Card Application Rejected
- How to Check your Credit Score in Malaysia with CTOS
- 25 Obvious Ways to Save Money in Malaysia
- How to Earn Passive Income with GetGrass.io
- How I Make Money with Shopee Affiliate Malaysia
Final Thoughts: Make the Right Call for You
ShopeePayLater is flexible, convenient, and opens doors for many users. But it’s still a form of borrowing—and with borrowing comes responsibility.
If you’re financially disciplined, SPL can be a useful tool. But if you’re prone to impulse buys or struggling to manage your cash flow, it might do more harm than good.
Make informed decisions. Know your budget. Use tools like SPL only if they help you move forward—not backward.
