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ShopeePay now charges 1% cash-in fee from e-wallet transactions

JM Chavaria Executive Producer June 3, 2022 · 1 min read

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Popular online shopping platform Shopee had implemented a 1% admin fee for cash-ins via e-Wallets such as GCash, Maya and coins.ph which rolled out June 2nd onwards.

This means that a 500 peso transfer, 5 pesos will be deducted for the cash-in fee. Another example: 10 pesos fee for a 1000 peso transfer, and so on. The fee gets higher based on the amount the user would like to cash-in.

Despite the rollout, users may still enjoy free cash-ins through their linked bank accounts that include Shopee’s verified banking partners BDO, Metrobank, and Chinabank, as well as through banking apps with InstaPay.

To get around the cash-in fee using linked bank accounts, tap on the ‘ShopeePay Balance’ icon on the homepage, tap ‘Cash In’ and from there choose a bank partner then follow remaining instructions.

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JM Chavaria

Executive Producer

JM has always had an affinity for all things tech and gaming, even before joining YugaTech. He holds a bachelor’s degree in Journalism from the Polytechnic University of the Philippines (Manila). Since then, JM has been covering the tech industry for several years now through engaging news, reviews, and content creation. Specializing in video editing, writing, and videography, he pays close attention to visuals, spec sheet, and the rule of thirds. JM is also mainly a Nintendo guy, often bringing his modded 3DS XL with him wherever he goes whenever he can.

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