ShopeePay to Implement 12-Hour Cooldown Period for New Accounts, and New Device Usage



Shopee through ShopeePay has now informed users, saying their finance-focused service will also implement a 12-hour cooldown period, much like other banking services.


With this implementation taking effect on December 31, 2024, all new ShopeePay account users and new device usage logged into their ShopeePay account will be subject to a 12-hour cooldown period.


During the cooldown period, users can still top up their ShopeePay account, receive P2P funds, and make payments of up to RM250, including when purchasing on Shopee.


However, some of the things that are restricted during the first 12 hours are DuitNow QR, other DuitNow transfers, withdrawing funds to bank accounts, and using the ShopeePay AngBao feature.

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