Did you know that you can move money between your bank account and your e-wallet? You can withdraw money from your e-wallet by following the mentioned steps. Note that the facility is only accessible if your KYC is completed.
Checkout how to withdraw Amazon Pay balance amount.
KYC verification
You can do your KYC verification service with Amazon for free.
- Tap on KYC under Manage in the KYC area of the Amazon app.
- Next, click to submit your document, aadhaar card information and a selfie.
- After that, complete the verification by means of video conversation with the Amazon representative.
- Once KYC is complete, you can transfer your Amazon Pay money to your bank account.
Ways to withdraw Amazon Pay balance
Bank transfer
- Visit the Amazon Pay page after logging into your Amazon account to initiate a bank transfer.
- Select Withdraw Funds or Transfer to Bank from the drop-down menu.
- Enter the desired transfer amount and decide which bank account you want the money deposited into.
- Examine the information, then click the Transfer button to start the transfer.
- Depending on how quickly your bank processes payments, your bank account will be credited with the money within a few business days.
Amazon Pay UPI
- Make sure you have an Amazon Pay UPI id set up before using Amazon Pay UPI. Otherwise, you can configure it through the Amazon app.
- Launch the Amazon mobile app and navigate to the Amazon Pay tab.
- Select the Pay button or click the Scan & Pay option.
- Scan the recipient’s UPI QR code or enter their UPI ID to send money to them.
- Type the transfer amount and click Confirm to complete the transaction.
- The money will be transferred to the bank account that is linked to your Amazon Pay UPI.
Amazon pay wallet transfer
- Transferring money from your Amazon Pay wallet to another account on Amazon is possible if you have another Amazon account or know someone who does.
- Give the necessary information, such as the recipient’s mobile phone number or Amazon account email.
- Start the transfer by verifying the transfer’s amount.
- The cash will be deposited into the recipient’s Amazon Pay account.
Gift cards
- You can turn your Amazon Pay balance into Amazon gift cards if you’d rather utilise it for future purchases.
- Visit the Gift Cards section in your Amazon account or go to the Amazon Gift Cards website.
- Click on Add Gift Card into Account.
- Type the conversion amount and press the Add to Your Balance button.
- The funds will be deposited as a gift card balance to your Amazon account, which you can use to make future purchases on Amazon.
FAQs
Can I make a direct bank account transfer from my Amazon Pay balance?
Yes, you can use the Withdraw Funds or Transfer to Bank options in the Amazon Pay dashboard to transfer your Amazon Pay balance into your bank account.
If you move your Amazon Pay amount to a bank account, are there any fees involved?
Amazon doesn't impose any fees for bank account money transfers. However, your bank may charge a fee for receiving the funds. So, it's a good idea to inquire about it before proceeding with the transaction.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
