Amazon Pay is a payment processing service that you can use online to pay for different kinds of services or Amazon orders. Customers may load money into their Amazon Pay wallet and then use it to make purchases. You can also use Amazon Gift cards to top up your Amazon Pay balance. The service can also be used to pay bills, transfer funds to other users, and receive funds from others. But what if you want to transfer this pay balance to your bank account?
As mentioned earlier, bank transfers and gift cards may also be used to fund your Amazon Pay wallet. While it is simple to add money to your wallet, you can also effortlessly transfer your Amazon Pay amount to your bank account, as it’s not a tedious process, as thought by many. Let us take a look at all the steps to follow.
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How To Register Your KYC With Amazon Account?
There are some prerequisites to follow before you can transfer the amount stored in the Amazon pay account to any bank account. 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. To complete the KYC completion please follow these steps.
- Launch 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 be also 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, you can now then successfully send the Pay balance to your bank account. Let’ ‘s look at all the steps.
- Once again, 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 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.
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Synopsis
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.
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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.
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