Are you having trouble figuring out how to transfer your Amazon Pay balance to your bank account? Don’t panic! We will help you get to the solution in the quickest way possible.
If you received an Amazon gift card for Diwali, you might have added the money to your Amazon Pay wallet. While you can use it to shop on Amazon, what if you want to buy something from another website or a local store? Don’t worry; you can transfer the money from your Amazon Pay wallet to your bank account.
In this article, I will discuss all the details about this Amazon feature so that you can make your transactions confidently.
What To Know About Amazon Pay Balance?
Amazon is an e-commerce giant that many people love for its seamless shopping experience. Years ago, Amazon introduced a comprehensive payment solution for various transactions known as the ‘Amazon Pay’. With the Pay Balance feature, users can make reservations for movies, settle debts, and shop for a wide array of products on Amazon.
However, many people who are not quite comfortable with online payments hesitate to use this feature as most don’t know how to transfer funds from Pay balance to bank account.
The process involves a few simple steps, allowing you to transfer funds from your Pay balance to your bank account. But before you do all that, a Know Your Customer (KYC) verification will be required. If you are not familiar with the steps, keep reading.
Below is a detailed, step-by-step guide on how to transfer your Amazon Pay Balance to a bank account:
How To Transfer Amazon Pay Balance To Bank Account?
Take a quick glance of steps to transfer your Amazon Pay balance to your bank account:
- Open the Amazon app and go to the Amazon Pay section.
- Tap on ‘Send money’
- Select ‘Bank Transfer’.
- Enter essential details such as account number, IFSC code, etc. to complete the transfer.
Also Read: Try These Methods To Cancel Your Orders On Amazon’s App and Website
How To Register Your KYC With Amazon Account?
Before knowing how to transfer amazon pay balance to bank account, there are some prerequisites to follow. You should complete your KYC (Aadhar) registration with your Amazon account in order to transfer any amount from your Amazon Pay balance to any bank account. If your KYC is already verified, you can skip this part and read the next section. If not, then follow these steps:
- Open the Amazon app on your smartphone.
- Next, tap on the three-icon hamburger option, located in the bottom right corner and then select Amazon Pay.
- Scroll down below to the Manage section and then tap on KYC.
- In the following screen, you will be asked to upload your Addhed card photographs and PAN card photos. You will also be asked to take a selfie.
- Next, a video verification with an Amazon representative will proceed. Complete all the formalities and your Amazon account will be linked with your Aadhar.
How To Transfer Amazon Pay Balance Amount To Bank Account
Now that we have learned how to link your KYC with your Amazon bank account, here are the steps on how to transfer Amazon pay balance to bank account.
- Open the Amazon app on your mobile phone.
- Next, go to the Amazon Pay page and scroll down below to find the option which says Send Money.
- You will then see a lot of options to choose from. Select send to UPI ID or To Bank.
- Fill in all the necessary bank details, like the IFSC code, account number, and account holder’s name. Then, tap the Pay Now button.
- If you don’t remember all these details you can also send the amount through your UPI ID.
- Next, input the amount to be transferred and press the Continue button.
- You will now receive all the payment options. Tap on the ‘Show more’ options and then pick Pay using Amazon Pay balance.
- Then click on Continue.
The Amazon Pay balance amount you entered will now be successfully transferred to your bank account. You shall receive a notification or SMS regarding the same within a few minutes or hours. For whatever reason, most consumers choose to transfer their wallet balance to the bank. A wallet balance cannot be accessed or withdrawn in the same way that a bank balance can. If you deposit it into a bank account, you may withdraw cash or use it again if you have changed your mind.
Also Read: 5 Best Amazon Bluetooth Speakers In India February 2023
Conclusion
Amazon Pay is an e-wallet service provided by the shopping platform Amazon to shop online. Amazon Pay, like other e-wallets, also allows users to transfer and receive money via UPI as well. Hence, customers can use the service to pay bills, scan QR codes, purchase movie tickets, and much more.
Also Read: Amazon Great Indian Festival Sale: Don’t Skip These Tablet Deals!
The preceding steps demonstrate how to transfer money from Amazon Pay to a bank account. There are some other third-party apps such as Ring App or SnaPay which can also transfer the Amazon pay balance to popular payment apps such as GPay or Paytm. But the above-mentioned method is the safest to follow and your hard-earned money will remain safe.
FAQs
Can Amazon balance be transferred to a bank?
Yes, you can transfer money from your Amazon payments account to your bank. Simply initiate either an Amazon.com Gift Certificate purchase or a transfer to your bank account. Just remember, you need to complete the bank account verification process for the transfer to go through.
Can I use Amazon Pay balance for UPI?
Once you sign up for an Amazon Pay balance UPI handle, you can use your Amazon Pay balance (Money) at any store, online or offline, that accepts payments via UPI.
Is it safe to use Amazon Pay?
If you’re an Amazon account holder, using Amazon Pay comes with peace of mind. You can enjoy its benefits everywhere you see it, without any extra charges. Your eligible purchases are covered by Amazon’s A-to-z Guarantee, ensuring the safety and security of all your transactions.
Did you know that refurbished mobile phones cost almost 50 per cent less than new phones on Cashify? You also get other discounts, No-cost EMI and more, making it the most affordable way to buy a premium phone. So, what are you waiting for? Buy refurbished mobile phones at your nearest cashify store and avail exclusive offers.
