Are you having problems paying Shopee Paylater late? If so, then let’s come here to determine the calculation of the fine so that you don’t pay the bill wrong. Because, if it is stacked too long, your credit score will be bad and the bill will swell, right?
So, what if you are late paying and don’t know how much interest you have to pay? For that, see the following tutorial on how to calculate the latest 2022 Shopee Paylater fine, yes!
Overview of Shopee Paylater Services
As one of the leading digital platforms for e-commerce, Shopee has many interesting services. Starting from free shipping services, cashback, flash sales, lots of unique products, easy transaction options to the loan feature and purchase now pay later aka this paylater. And, Paylater is one of the most preferred services by Shopee users.
Because, this service makes it easier for you when you want or need an item. However, maybe you don’t have enough money to buy it yet. And, of course, one of the best solutions is Shopee’s Paylater service.
Unfortunately, not everyone can activate or use this service. Because, it will only be available to selected users.
Of course, Shopee does not want to suffer losses after lending money to purchase goods but in the end it is not paid back by the service user.
This also causes the Paylater service to only appear on selected users. And, if you are one of the chosen ones, you certainly don’t want to waste this opportunity, right? This is because Paylater services are rarely available.
Late Paying Shopee Paylater Bills
Maybe, you’re having a problem so you can’t pay your Paylater Shopee bill on time, right? So, if you experience a late payment, a late fee will be charged. And, of course, your total bill will increase due to this delay.
You should always check or remember, if necessary, note the due date of your Paylater bill. Because, this service can be lost if you are often late paying this Paylater bill. Not only the risk of losing special rights using Paylater bills, there are fines that must be paid.
How to Calculate Shopee Paylater Fines
If it is already late from the existing due date, then you have to pay the specified fine. The applicable fine is 5% of your total bill. And, if you are months late, the late fee will be many times over.
How to calculate it? For example, if you have a bill of 200,000, the fine is: 200,000 x 5%: 10,000. The total bill plus late penalty is 200,000 + 10,000 (fine).
How? With this, you can calculate how much late fees you will have to pay later, right?
However, you have to remember if it’s not really urgent then don’t pay the bill late. There are many risks that you will experience as a Shopee Paylater customer.
The first risk is losing the Paylater service that has been provided by Shopee. Because, as Mimin said above, this service can only be used by some users. Of course, if you are often late paying, Shopee can disable it.
The second is the risk of being collected by Shopee debt collectors. Either by phone, SMS, chat or billing directly at home (your address).
And the last risk is your bad name in BI or Bank Indonesia. So, you will find it difficult to borrow again in the future.
