Cashea: What happens if you don’t pay on time?

Cashea, the popular application that offers the «buy now and pay later» mode, has facilitated access to various products for many users. However, it is essential to understand the implications of not complying with payments on the established dates.

Operation and payment terms

Cashea defines initial and final payment dates, which vary according to the day of the purchase. The fees must be paid every 15 days, and the platform sends reminders prior to the expiration dates.

Consequences of non -payment

According to the information available on the official Cashea website and its terms and conditions:

• Penalty: Failure to comply with a quota within the deadline generates a penalty of US dollars (USD 4.00) or its equivalent in bolivars for each backward quota.
• Account suspension: In case of delay, the user’s account is suspended, and the debt is transferred to Cashea. The user must pay the pending quotas and the reactivation charges to be able to use the platform again.
• Onced Total Debt: The delay in the payment of a fee implies that the entire debt is considered defeated, regardless of the remaining quotas.

Cashea assumes the risks of defaults and fraud to protect affiliated shops, which highlights the importance of users fulfilling their contractual obligations. In addition, the «Cashea Más» program rewards users for their responsible consumption and specific payments.