TikTok PayLater Charges Flat 1.5% Fee For Instalments

Quick Summary:

Last month, TikTok quietly rolled out a Buy Now Pay Later (BNPL) scheme called PayLater but at the time, no details were given out about the repayments.

Now, the company has published a proper FAQ that details the scheme’s fees.

Currently only available to select users, PayLater charges a processing fee of 1.5% on the […]

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Article Details

Author / Journalist: Ikmal Rozlan

Category: Technology

Markets: Malaysia

Topics: Buy Now Pay Later Fintech BNPL PayLater Tiktok

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 08:54:58 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: lowyat.net

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Lowyat.net

News ID: 24432126

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About Lowyat.net

Main Topics: Technology

Official Website: lowyat.net

Update Frequency: 13 posts per day

Year Established: 2002

Headquarters: Malaysia

News Last Updated: 11 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #46

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