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

JM Chavaria 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

Senior Writer

JM's highest stat is probably his curious ardor to anything tech—electronics and gaming in particular. He certainly heeds utmost regard to specsheet, visuals, and rule of thirds. If creativity and wit sometimes leave JM's system, watching films, anime and a good stroll for memes are his approved therapeutic claims.

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