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[ShopeePay] What are the transaction limits for ShopeePay?
You can transact a maximum of $1,000, or up to $5,000, depending on your ShopeePay verification status.
ShopeePay lets you top up a balance of up to SGD 1,000 for unverified accounts, and up to SGD 5,000 for verified accounts.
You can use ShopeePay to pay for transactions of up to SGD 5,000, as long as you have sufficient funds within your account to spend.
There is no minimum amount required for each ShopeePay transaction.
Refer to the transaction limits table for a detailed breakdown:
Type of transaction | ShopeePay Wallet (Unverified) | ShopeePay PLUS Wallet (Fully Verified) |
Single transaction (spend) limit | $1,000 | $5,000 |
Annual transaction (spend) limit (Resets on 1st January, based on the calendar year) | $5,000 | $30,000 |
Top up limit | $1,000 | $5,000 |
Transfers | X Unable to transfer funds to other ShopeePay users or make bank transfers | ✔ Able to transfer funds to other ShopeePay users or make bank transfers |
These transactions count towards the single/annual transaction (spend) limits:
- Payment made using your ShopeePay Wallet
- All fund transfers from your ShopeePay Wallet to another ShopeePay Wallet
Follow these steps to change your transaction limit:
Step 1 - Select Settings in ShopeePay Homepage
Step 2 - Tap on “Transaction Limit” under ShopeePay Settings.
Step 3 - Input and save transaction limit.
⚠️Note
If you exceed your annual ShopeePay transaction limits, you will not be able to make payments with your ShopeePay Wallet or transfer to another ShopeePay Wallet. Your access to these functions will resume on 1st January in the following year.
As a new feature for added security, the following transactions will now have a default limit of $1,000 per transaction for unverified and verified accounts.
Payments made using your Shopeepay Wallet
All fund transfers from your Shopeepay Wallet to another Shopeepay Wallet
Verified users can adjust their transaction limit from the default $1,000 up to $5,000 per transaction.
For security reasons, we require additional information to verify your account.
As a safety measure due to the requirements set by the Monetary Authority of Singapore (MAS), changes to your transaction limits can only take effect after 12 hours.
Please note that increasing transaction limits raises the risk of larger sums being stolen or misappropriated. If an account is compromised or fraudsters gain access to your ShopeePay wallet, they may misappropriate larger amounts before being detected.
