TikTok Shop has introduced TikTok PayLater, a new payment feature that allows customers to split their purchases into monthly installments over up to 12 months.
The feature has been available in Malaysia since 28 October 2024.
With TikTok PayLater, eligible customers can apply for a credit limit of up to RM 10,000, which can be used for purchases on TikTok Shop.
This credit-based payment method lets users shop without paying upfront, offering a “shop now, pay later” option.
Eligibility is determined based on details provided during the application process, such as occupation and monthly income.
Applicants must also have valid identification. Once approved, the payment option becomes available at checkout, where users can repay their credit in recurring monthly installments.
For sellers, TikTok PayLater is automatically activated without requiring registration or additional fees.
Sellers receive the full payment for completed orders directly in their account, regardless of the installment plan chosen by customers.
Detailed transaction records and settlements can be accessed via the TikTok Shop Seller Center under the Finance section.
Currently in its soft launch phase, TikTok PayLater is being gradually rolled out and may not yet be available to all eligible users.
TikTok Shop integrates e-commerce features directly into the TikTok app, enabling users to discover and purchase products seamlessly within the platform.
Featured image credit: Edited from Freepik
