ShopeePay Philippines charges 1% on every cash-in transaction.

Heads up! Shopee Philippines just implemented a new policy effective last June 2, 2022. According to the well-known online shopping App, they will be charging a 1-per cent admin fee for every Cash In transaction via digital wallets like GCash, Maya, and coins.ph. But do not fret because you may still enjoy other alternative transactions free of charge, but we will discuss that later. 

ShopeePay 1% admin fee policy 

ShopeePay Philippines has been under fire for its 1% admin fee policy that applies to all cash-in transactions. This policy has caused a lot of backlash from users who allege that the Company is unfairly collecting profits from users’ transactions. ShopeePay has defended its policy by saying that it is necessary to cover the costs associated with running the Service. However, many users feel that this fee is excessive and unfair. If you use ShopeePay to make payments, be aware of this policy and ensure that you are not charged additional fees. Here, you can read more about the 1% admin fee policy on ShopeePay’s Website. 

How to transfer money from an e-wallet to ShopeePay 

Since the 1-percent admin fee has already started, when you transfer the minimum of PhP50 from e-wallets to ShopeePay, PhP50.50 will be deducted automatically from your transaction. Note that the admin fee will increase according to how much you transfer. If you have not Cash In your ShopeePay, please follow the instructions below:

1. Go to ShopeePay Wallet > Cash In.

2. Enter the Cash In amount.

3. e-Wallet > choose the payment center/e-wallet.

4. Confirm the transaction 

How do I get Shopee Free Cash In transaction?

You can now Cash In for free on Shopee only through linking bank accounts or InstaPay. To take advantage of this feature, you need to have a Shopee account and a valid bank account. When you have completed the validation, you can start making payments with your Shopee Credits. Shopee also offers a variety of payment options, so you can choose the one that works best for you. You can use your bank account, PayPal, or credit card to make payments. 

How to link bank accounts in Shopee? Here are three ways:

• Account Settings

Go to the Me tab section and select the ⚙ icon or Account Setting. Proceed to choose bank Accounts / Cards, then select the bank you prefer to link.

• ShopeePay

Go to your ShopeePay Wallet, and select the ⚙ icon placed on the upper right corner of your mobile phone. Tap on linked payment methods and choose the bank you prefer.

• Payment Method

During Checkout or Cash In, click on payment options and select linked bank Account, then choose the bank you prefer.

Now that ShopeePay Philippines has implemented a new policy that charges a 1-percent admin fee for every Cash In the transaction, the public’s opinions are divided; some agree, and some decide to change online shopping platforms. However, you may still enjoy other alternative transactions free of charge. Be sure to read Shopee’s Website for more information on the policy and payment options.