The platform charges no interest or hidden fees for the BNPL plan, but there will be late payment fees if you miss any payments. Late payments will be charged an additional RM7.50 for orders under RM100, RM25 for orders under RM500, and RM75 for orders worth RM500 and above. To use PayLater on the ShopBack app, you must first activate it by verifying your identity using your IC and linking your debit/credit card — keep in mind that prepaid cards are not accepted. You will then have a RM1,600 credit limit to spend, though it might be adjusted based on your repayment history. You can choose PayLater as your payment method on supported websites as well as scan the QR code to use it in select stores. Additionally, you will still receive cashback on your purchase even when using the BNPL feature and you can use your existing cashback to offset the first instalment. It seems you can only choose to split the bill into three payments with PayLater, with no longer options available. The good news is that ShopBack is giving users a 25% discount on their first PayLater order up to RM25 with no minimum order amount. The offer is valid until 31 July. (Source: ShopBack/Facebook)
