How to pay Shopee Pay Later using GCash: Step-by-step guide

Shopee Pay Later allows you to manage your ShopeePay purchases conveniently, by buying now and paying later, or setting up an installment plan to pay for your purchase over a few months. Fees apply, including late payment charges, so it’s crucial to make sure you understand the service before you apply.

Once you have an SPayLater line of credit you’ll need to pay back your bill - this guide covers how to pay Shopee Pay Later using GCash as a convenient, free and fast way to make your monthly payments. We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

What is Shopee Pay Later?

Shopee Pay Later, which is also called SPayLater, is a buy now, pay later service available to select ShopeePay users¹. You may be eligible to use SPayLater to split your purchase cost into installments which you repay in up to 12 months, with variable fees and interest depending on the purchase details and your personal situation.

Not all customers have access to this facility - if you can use SPayLater you’ll be able to activate it when you shop with Shopee. There are fees of up to 7% of the purchase cost which includes both a processing fee and a variable interest rate. The interest rate depends on various factors, which can mean you get differing rates on different purchases.

Once you have a SPayLater credit facility you need to set up automatic or manual repayments. So - can I pay Shopee Pay Later using GCash? Read on to learn about how to repay your loan once you have it.

Shopee Pay Later requirements

When you get SPayLater facilities, ShopeePay works with third parties to offer a credit line to you, covering the eligible purchases. The third party provider will need to check your identity and creditworthiness to assess whether or not they can extend this facility to you. This means that the requirements in place may be dictated by the third party, rather than by ShopeePay itself.

Shopee Pay Later requirements can include²:

• You must be a citizen or legal resident of the Philippines
• You must pass the credit score test carried out by the lender
• You’ll need to provide some information and documents to show your identity and other personal information
• You must not have previously defaulted on loans, and you must not have outstanding tax liabilities which would make it impossible to repay your credit

When you apply for SPayLater facilities, the provider will check your creditworthiness and personal information against their internal eligibility criteria. If you do not pass the test, your application will be rejected and the provider isn’t obliged to tell you why.

How to pay for Shopee Pay Later?

You can pay for your installments with SPayLater with Instapay using partners including GCash and local banks³. You can also repay using a linked bank card, via the Shopee app using ShopeePay, e-wallets, OTC, or online payment.

SPayLater offers automatic and manual repayment options. If you choose an automatic payment you’ll simply need to select the payment method and the funds are deducted according to the agreed repayment schedule. Otherwise you need to manually trigger the repayments on the due dates.

Can I pay Shopee Pay Later using GCash?

Yes. You can repay SPayLater with GCash through Instapay. You can also repay through other ewallets like Maya if you’d like to. Typically, time taken to pay via ewallets shouldn't differ much, so feel free to use whichever one you have balances in or which you feel most comfortable with.

How to pay Shopee Pay Later using GCash

ShopeePay recommends using Instapay partners like GCash to easily make your SPayLater repayments. This means payments are free to make, and can be managed from your phone or laptop without needing to physically go to a bank or other location to make an over the counter payment. This can also be a faster repayment method compared to using an OTC payment.

Here’s how to pay Shopee Pay Later using GCash⁴:

1. Log into ShopeePay and go to the Me tab
2. Tap SPayLater, then Pay Now
3. Select the Current Bill and tap Pay Now
4. Choose Instapay as the payment method
5. Follow the prompts to set up your Instapay payment from GCash

If you want to make an early repayment, rather than paying your current bill, you can also select this option as part of this process.

After making your Gcash payment, you'll get a notification under Wallet Updates. Your SPayLater limit will update within a day to reflect the repaid amount.

Can I transfer Shopee Pay Later to GCash?

If you’re wondering how to convert Shopee Pay Later to GCash you’re out of luck. You can not directly transfer Shopee Pay Later to GCash, as this is explicitly forbidden in the product terms.

SPayLater payments can not be withdrawn as they’re only offered as a method of payment for goods on Shopee. However, Shopee does also offer a loan solution for eligible customers, called SLoan - you may be able to take a loan and withdraw this to GCash for spending if you’re eligible for this service.

Getting paid from abroad? Convert to PHP to pay for Shopee Pay Later and other local payments with Wise

Receive foreign currency and exchange it directly to pesos at the mid-market rate with Wise.

Sa Wise, makakakuha ka ng 8+ local account details, kasama ang PHP, USD, GBP, AUD at marami pang iba. Kaya, mas madali at convenient na makatanggap ka ng pera direkta. Mag sign-up ka lang ng libreng account, at mae-enjoy mo nang i-manage ang pera mo gamit lang ang phone mo.

Kapag natangap mo na ang pera mo, madali mo itong i-convert sa 40+ na currencies, with low fees, at sa mid-market rate - ito yung totoo at nakikita mong rate sa Google. Kasama na dito ang pag-exchange ng peso na may one-time conversion fee na nagsisimula sa 0.57%. Kitang-kita na agad yan upfront, walang patong o hidden fees.

Kaya, tumanggap, mag-exchange, at ilipat ang funds mo sa iyong local bank account gamit ang Wise.

It’s simple and stress free - and lets you keep on top of your finances no matter what you’re up to.

🚀 Magsimula sa Wise

1. ShopeePay FAQ - what is SPayLater
2. ShopeePay Later terms and conditions
3. ShopeePay FAQ - Instapay SPayLater
4. SPayLater FAQ - pay bills