The balance in ShopeePay has been divided into transferable and non-transferable balances.
ShopeePay is the electronic payment system of the Shopee e-commerce platform, and now the balance in ShopeePay will be divided into two parts, namely transferable and non-transferable.
Balances loaded from credit cards will be classified as non-transferable, while balances transferred from debit cards or banks will be classified as transferable. Non-transferable balances can be spent online and offline as usual, but they cannot be transferred to other users.
This also means that ShopeePay is starting to restrict users from adding funds from credit cards and then transferring them to other users. Many credit card users choose to use their credit cards to fund ShopeePay and then transfer money to other users or to their own bank accounts to earn points and cash out.
To find out how much of your balance in ShopeePay is transferable and how much is non-transferable, you can go to ShopeePay and select the transfer function. Then you will see the transferable balance.
