Shopee Pay Later is a feature offered by Shopee that allows qualified buyers to buy now and pay later or apply for an installment loan of up to 12 months for their Shopee purchases. It is a convenient financial solution that enables users to enjoy payment flexibility through a user-friendly digital platform. Here are some key points to note about Shopee Pay Later:

• Users can activate Shopee Pay Later and use it to pay for their purchases in monthly installments of 1, 3, 6, or 9 months.
• There is a standard interest rate for the total amount, and users need to pay before a certain fixed date depending on when they ordered the item.
• Users can pay their Shopee Pay Later bills from the Shopee app using Shopee-supported payment methods such as ShopeePay, Payment Center/e-Wallet, OTC, and Online Payment.
• Shopee Pay Later is currently only available to selected users who get a notification in the app.
• Shopee Pay Later is now certified Shariah-compliant by Amanie Advisors, a global Shariah advisory firm and a registered Shariah advisory company with the Malaysian Securities Commission.

It is important to note that starting from October 17, 2022, Shopee Malaysia has announced that it will start charging a processing fee of 1.5% for its Shopee Pay Later payment option, even if users pay in full the following month.