Are you using GCash as a mode of payment when ordering on Shopee? Well, here’s some bad news for you.
We’ve spotted a notification from the Shopee app saying that they will start charging a 2% handling fee upon checkout on orders that are paid using GCash, the biggest e-wallet service in the Philippines. This is an increase from the 1% fee that it started charging late last year.
SEE ALSO: How to transfer money from ShopeePay to GCash (and vice versa)
This new rule applies to all GCash payment options: from the standard GCash pay now function; GCash’s buy-now-pay-later feature called GCredit, and lastly, GGives which lets you borrow money for staggered repayments.
This new rule will take effect starting February 13, 2023.
- GCash Limits: How to check and increase wallet and transaction restrictions
- Shopee SPayLater: Requirements, Interest rate, Installment, Fees, FAQs
Shopee could be looking for new ways to make money, hence the fee increase. Also last year, the e-commerce website laid off a number of its employees to “optimize” its operations as it suffered a USD 931 million loss in Q2 of 2022. The company even started imposing a 1% charge for e-wallet cash-ins.