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[SPayLater] What is SPayLater’s Late Payment Charge?
Late payment fee is when an additional $5 is levied on the amount due if repayment is not made within the stipulated time frame. You are required to make full payment on the amount and by the due date stated in your monthly SPayLater bill.
Example of the monthly repayment schedules are as follows:
Orders Completed on | Billing date | Due date |
Jan 1 - Jan 31 | Feb 1 | Feb 10 |
Feb 1 - Feb 28 | Mar 1 | Mar 10 |
Mar 1 - Mar 31 | Apr 1 | Apr 10 |
Apr 1 - Apr 30 | May 1 | May 10 |
May 1 - May 31 | Jun 1 | Jun 10 |
Jun 1 - Jun 30 | Jul 1 | Jul 10 |
Jul 1 - Jul 31 | Aug 1 | Aug 10 |
Aug 1 - Aug 31 | Sep 1 | Sep 10 |
Sep 1 - Sep 30 | Oct 1 | Oct 10 |
Oct 1 - Oct 31 | Nov 1 | Nov 10 |
Nov 1 - Nov 30 | Dec 1 | Dec 10 |
Dec 1 - Dec 31 | Jan 1 | Jan 10 |
Orders Completed on | Billing date | Due date |
Dec 21 - Jan 20 | Jan 21 | Feb 1 |
Jan 21 - Feb 20 | Feb 21 | Mar 1 |
Feb 21 - Mar 20 | Mar 21 | Apr 1 |
Mar 21 - Apr 20 | Apr 21 | May 1 |
Apr 21 - May 20 | May 21 | Jun 1 |
May 21 - Jun 20 | Jun 21 | Jul 1 |
Jun 21 - Jul 20 | Jul 21 | Aug 1 |
Jul 21 - Aug 20 | Aug 21 | Sep 1 |
Aug 21 - Sep 20 | Sep 21 | Oct 1 |
Sep 21 - Oct 20 | Oct 21 | Nov 1 |
Oct 21 - Nov 20 | Nov 21 | Dec 1 |
Nov 21 - Dec 20 | Dec 21 | Jan 1 |
