Is There Any ShopeePay Transaction Limit in Shopee Malaysia?

Those who often do online shopping in Shopee must know what Shopeepay is. Shopee pay is a digital payment offer by Shopee which you can use for online and offline transactions. But do you know that there is a Shopee pay transaction limit in Shopee Malaysia? Do you want to know more about Shopee Pay Transaction Limit? Read this article for more information about Shopee Pay transaction limit in Malaysia.

Read also: What is Shopee Pay And How to Access It in Malaysia

What Is Shopeepay Daily Transaction Limit?

Before we go directly to Shopeepay transaction limit, you need to know what Shopee pay is. Shopee pay is a digital wallet service offered by Shopee. You can use it for several transactions such as online transactions within Shopee, offline transactions with merchants who accept payment via ShopeePay and also receiving or transferring payments to your contacts. You can also withdraw the funds from Shopee pay to your bank account.

Is there any Shopee pay transaction limit? The answer is yes. Shopeepay has its transaction limit. This transaction limit is vary which depends on your Shopee account. If you have a basic account, your daily transaction limit is RM 2,999 and RM 4,999 for Premium Account. The monthly transaction limit is RM 4,999 and RM 59,999 for yearly transaction limit.

How to use Shopeepay then? To use Shopeepay, you need to activate your Shopee pay App first. Here are the steps you need to take to activate your Shopee Pay App.

• Log in to your Shopee account.
• From the Shopee dashboard, tap Me on the bottom right corner.
• Tap ShopeePay and tap Set Up ShopeePay on the next screen.
• Enter your full name, tick the Terms and Conditions box, and tap next.
• Create a six-digit passcode and tap Done.
• Confirm if you want to use your fingerprint to access.
• Once you’re done, you’ll be directed to the ShopeePay dashboard.

If you want to access other features from Shopee pay such as cash transfer and withdrawal, you have to verify your account. But if you only want to use the Shopeepay wallet just to pay your purchase in Shopee, you don’t need to verify your Shopee account. Verifying your shoepepay account is optional. It depends on your needs. If you want to verify it, you have to follow these several steps such as:

• From the ShopeePay dashboard, tap Settings on the upper right corner.
• Tap Identity card Verification in the next screen.
• Enter all the necessary information and attach a photo of a valid Identity card and a photo of you holding a valid identity card.
• Tick the Terms and Conditions box before submitting your requirements.
• Wait for at least two business days for Shopee to confirm your account.
• After you activate and verify your shoppepay account, now you can do all the transactions with Shopeepay and enjoy the promotion. But some people can’t access Shopeepay. Here are some reasons why you can’t access Shopeepay.
• Entering the wrong ShopeePay PIN number or Shopee account password 3 times within half an hour will disable your account temporarily for 30 minutes.
• Entering the wrong ShopeePay PIN number and/or Shopee account password up to 5 times within 24 hours will cause your account to be permanently disabled.

What Is the Limit of Shopeepay?

Shopee pay may let the users to top up a balance of up to RM2,999 for unverified accounts, and up to RM4,999 for verified accounts. You can top up Shopeepay malaysia balance by using several payment methods such as credit card, debit card, Maybank2u, cash payment at convenience stores and also online banking.

If you want to top up your Shopeepay, you can take these steps:

• Go to homepage.
• Click top up.
• Select your preferred payment option.
• Then complete the payment.
• Your Shopee pay balance will top automatically once the payment is verified.

Read also: How to Top up Shopee Pay and Pay Using It in Malaysia?

If you want to ensure that you have enough balance in your Shopeepay account, you can also auto top up your Shopeepay MY. Here are the way to set the auto top up:

• Select Shopee Pay balance on the Shopee App homepage.
• Go to Shopeepay settings.
• Choose auto top up settings.
• Set value for when balance falls below.
• Set value top up amount.
• Click top up with.
• Select credit card.
• Then click submit and save.

How Do I Change My Shopeepay Limit?

You will get many Shopee pay benefit when using Shopee pay for online or offline transactions. If your order is cancelled or you get a Shopee payment problem, you will get a Shopee refund to bank account too. How do change my Shopeepay limit?

Your Shopee pay limit will automatically adjust when your account is verified. Shopee will see how often you use Shopeepay as your payment method too.

Why Can’t I Use My Shopeepay?

Why is my Shopeepay unavailable? Here are some common reasons why you may not be able to use Shopee pay as your payment method.

• You have not activated your Shopeepay account
• Your Shopeepay balance is not enough for the current check out. You may come across the message below when attempting to make payment with insufficient balance in your ShopeePay account. 
• You may have exceeded your daily, monthly, yearly transaction limit for basic and premium Shopeepay account
• The operating system on your device might be too outdated to work with ShopeePay.

Conclusion 

What is Shopee pay? Shopee pay is a secure e-wallet which allows you to pay for your Shopee purchases quickly. Shopeepay is easy to use and secure because it has a face ID and fingerprint scan feature that you can activate. 

You have to keep all these security features data by yourself. If you don’t take steps to protect your own account, the security will be useless. Here are a few reminders to ensure a safe online shopping experience each time.

You will also get benefits when using Shopeepay as your payment method because there is  the Shopee pay promotion and cashback discount. Shopee also launched a new payment method which is called Shopee pay later. Shopeepay will make your shopping experience easier.You also can find Shopee customer service if you get the Shopeepay problem. 

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