Credit Card Installment Terms and Conditions (Thailand)
04/10/2025
Effective from: April 10, 2025
Lowered rates starting 1 Jan 2025:
Minimum Spend
Notes:i) The Credit Card instalment - Interest Rate charged by licensed financial service providers and banks is the fee for the Seller funded Credit Card instalment facility which is based on the corresponding tenure of instalment.ii) The above fee, calculated in reference to the Interest Rate charged under paragraph i) above, charged to you will be inclusive of 7% VAT.
- These terms and conditions (“IPP Terms”) govern your participation in and obligations with respect to the Seller funded Credit Card instalment, which is facilitated by TikTok Shop (Thailand) Ltd. (“TikTok Shop”) in partnership with selected licensed financial service providers and banks in Thailand (hereinafter, the feature shall be referred to as “IPP Feature”).
Bank | 3 months | 4 months | 6 months | 10 months |
| Bangkok Bank (BBL) | 1.65% | 2.20% | 3.30% | 5.50% |
| Siam Commercial Bank (SCB) | 2.10% | 2.80% | 4.20% | 7.00% |
| Krung Thai Bank (KTC) | 1.80% | 2.40% | 3.60% | 6.00% |
| Thanachart Bank (TTB) | 1.65% | 2.20% | 3.12% | 5.20% |
| UOB Bank | 1.80% | 2.40% | 3.30% | 5.00% |
| Bank of Ayudhya (KCC) | 1.95% | 2.60% | 3.90% | 6.00% |
| Krungsri First Choice Card (KFC) | 2.40% | 3.20% | 4.80% | 7.50% |
| Kasikorn Bank (KBANK) | 2.25% | 3.00% | 4.50% | 7.50% |
- Rates will now be fixed per tenor regardless of bank used by customers
Tenor | 3 months | 4 months | 6 months | 10 months |
Rates | 1.07% | 2.14% | 2.675% | 3.21% |
Bank name | Min Spend (THB) | |||
3 months | 4 months | 6 months | 10 months | |
BBL | 3000 | 3000 | 3000 | 5000 |
SCB | 1500 | 2000 | 3000 | 5000 |
KTC | 3000 | 3000 | 3000 | 3000 |
TTB | 1500 | 2000 | 3000 | 5000 |
UOB | 1500 | 3000 | 3000 | 5000 |
KCC | 3000 | 3000 | 3000 | 5000 |
KFC | 1000 | 2000 | 3000 | 3000 |
Kbank | 3000 | 3000 | 3000 | 3000 |
- All Credit Card instalment - Interest Rate which is payable by you under this plan shall be effected by setting off against funds/sales proceeds in your Seller account balance with TikTok Shop. In the event that your account balance is insufficient, TikTok Shop shall reserve the right to recover such amounts owing from you. TikTok Shop may, at its option, withhold all outstanding payables to you from your Seller account balance, or issue you an invoice for payment, and you shall pay such invoiced amount to TikTok Shop within thirty (30) calendar days from the data of invoice.
- The Credit Card instalment - Interest Rate charged under the Seller funded Credit Card instalment does not represent any other forms of fee charged by TikTok Shop charged to the Buyer.
- TikTok Shop may, at its sole discretion, suspend, delay or discontinue the Seller funded Credit Card instalment for any reason and at any given point of time as it deems fit, or may revise these IPP Terms from time to time, you should check the latest IPP Terms that apply prior to participating in the IPP Feature.
- This IPP Terms shall be read together and is treated as an addition to the rights and obligations (including any provision on late payment charges) under the TikTok Shop Seller Terms of Service (Link). Any capitalized terms not defined herein shall have the same meaning described to them in the TikTok Shop Seller Terms of Service.
- For the avoidance of doubt, you acknowledge that as it relates to the Seller funded Credit Card instalment, TikTok is not your collection agent, and TikTok Shop does not provide any payment services to you, including without limitation (a) processing any payments or refunds to or for you, (b) accepting or processing payment from or to buyers, (c) transferring payments to or from you or on behalf of you, or (d) providing any merchant acquiring, money transfer or other payment processing services (“Payment Services”) to you, under any circumstances. You acknowledge that the Payment Services will be provided to you by the relevant payment service providers as set out in the TikTok Shop Seller Terms of Service (Link).
- These IPP Terms are governed under the laws of Thailand. Unless otherwise required by applicable laws, any dispute, controversy, claim or difference of any kind whatsoever arising out of or relating to these terms and conditions against or relating to TikTok Shop, shall be referred to and finally resolved by arbitration in Thailand by arbitration administered by the Thailand Arbitration Center (THAC) in accordance with its arbitration rules for the time being in force, which rules are deemed to be incorporated by reference in this clause. The seat of the arbitration shall be Thailand. The Tribunal shall consist of three (3) arbitrators. The language of the arbitration shall be English.