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How to Register and Activate OVO PayLater Tokopedia

How to Register and Activate OVO PayLater Tokopedia

Have you ever really wanted something at Tokopedia, but couldn’t get it because your budget wasn’t enough? With OVO PayLater, you can get it, just by understanding some of the terms and rules that apply. With ovo paylater you can buy goods first and pay later, this service is very easy for people who really need an item but don’t have the money to pay for it yet.

What is OVO PayLater?

OVO PayLater is a financial application in digital form that offers a payment system by buying first and paying later. Using the installment system for users even without a credit card. With a loan limit that applies and can be used to shop at Tokopedia, Merchants and several outlets that have collaborated with OVO.

Of course this is very useful for users who want to buy goods but there is no cash at this time, so they can buy using OVO PayLater first and then pay later if there is money or paycheck.

If you are interested in this service, you can use it to buy anything, and usually it can be done at Tokopedia and various merchants that work with ovo. But to do this, of course, there are some conditions and an activation process that must be passed.

Terms of Registering OVO PayLater

Before activating OVO PayLater, there are several conditions that you must fulfill in order to submit an OVO PayLater activity so that it can be quickly approved. Here are the conditions:

  • Photo of yourself.
  • Original valid ID card.
  • Tokopedia account age is at least 6 months.
  • Currently, OVO PayLater users are only available for those who live in big cities such as Jakarta, Depok, Bogor, Bekasi, Surabaya, Tangerang, Bandung, Pekanbaru, Palembang, Semarang, Medan, Malang, Makassar, Surakarta.

How to Register OVO PayLater

First of all, please upgrade your OVO account to Premier, and here’s how to register:

  1. If it has been upgraded, please take a photo of your ID card taken directly with your cellphone camera and try to be clear.
  2. Confirm your personal data with your ID card.
  3. Take a selfie by holding an ID card.

How to Activate OVO PayLater

If the upgrade process to OVO Premier has been successful, now we just have to activate OVO Paylater, here’s how:

  1. Open the OVO application, then select the “Activate OVO PayLater” menu.
  2. Select the “Activate Now” menu.
  3. Wait a few moments until you receive the OTP code that has been sent to the cellphone number that has been registered with OVO.
  4. Enter the verification code.
  5. Now upload a selfie photo holding an ID card.
  6. The next step is to fill in your personal data completely.
  7. Read the terms and conditions, if you have read please tick agree to these terms.
  8. The next step is to wait within 1×24 hours for OVO PayLater to be used.

NB: Make sure the photo is clear and not blurry, especially when holding the ID card, make sure the name on the ID card and NIK number are clearly visible when zoomed in, this is in order to speed up the verification process by the OVO system.

In terms of OVO PayLater activation, it can be said to be quite easy, it’s just that the submission process is sometimes difficult. However, if all the conditions are met, and most importantly a photo of our personal data is sent clearly so that they can verify the data quickly.

After you receive the info that it is active, you can immediately use OVO PayLater as a payment method at Tokopedia or merchants who have collaborated with OVO. You can buy smartphones, household furniture, tools, machines and others as long as it doesn’t exceed the limit set by OVO PayLater.

Benefits of Using OVO PayLater

  • You can shop anytime and pay at the end of the month.
  • Installment shopping system without a credit card.
  • Has a limit of up to IDR 1,000,000.
  • OVO PayLater can be paid through various payment methods such as ATMs, Indomaret, mini markets, virtual accounts and internet banking.

OVO PayLater Important Dates

  • For example, we make a purchase at Tokopedia on August 1, 2022 with the OVO PayLater payment method.
  • On August 27, 2022, every OVO PayLater user can check their transactions via the OVO PayLater page or by email.
  • On September 1, 2022, the OVO PayLater credit limit can be paid in full. If you want, you can also pay in installments with a note that you have to pay 50% first, and this must be done before the due date, which is on August 27, 2022.

What Products Can Be Purchased with OVO PayLater?

OVO PayLater can be used to buy all products on Tokopedia except for the following products: Credit card bills, credit installments, gift cards, donations, e-money, mutual funds, zakat and gold.

OVO PayLater Installment Interest Calculation

The use of the OVO PayLater credit limit will be billed every month as of the 27th. If on that date the user cannot pay it, then it must be paid in installments before the 1st of the next month when it is due.

However, if the installment is late, it will be subject to interest of 0.1% per day. This will run continuously every day until your installments are paid off.

OVO PayLater Usage Fee

Because OVO is a fintech company, of course the services they provide are not free. Each transaction will be charged a service fee of a maximum of 5% of the transaction value. This fee can also change, depending on the performance of OVO PayLater users in paying their bills.

Unlike the use of a credit card, which is subject to an annual fee, fortunately, OVO PayLter does not have a monthly or annual fee. However, OVO still provides interest penalties for users who have not paid the bill until it is paid off where this fine is worth 0.1% of the remaining bill each day will be included in the next month’s bill.

Sample case,

You have a bill of Rp. 50,000, and the bill is not paid until the due date is calculated on every 1st. Congratulations the bill has not been paid or paid off, then you will get an interest of 0.1% per day. So if the bill is Rp. 50,000, then the interest is Rp. 50 every day.

If your loan is small, the interest may not be so pronounced, but if the amount of the bill reaches millions of rupiah, of course the interest that must be paid will also increase as the interest increases which also continues. Therefore, if it is due, please pay your bill until it is paid off.

Tips for Using OVO PayLater

We recommend that OVO PayLater users only use it when they are in a pinch, for example, the monthly money runs out and they need to buy mandatory necessities such as rice and others, it can be done.

However, if it is only used to buy less useful items such as gadgets and other equipment, you should avoid using this Ovo Paylater. Especially for those of you who don’t have a fixed or monthly income, because many are now trapped in fintech debt.