How to Transfer Amazon Pay Balance To Bank Account: Step-By-Step Guide | Cashify Blog (2024)

Several years ago, Amazon introduced its payment platform known as Amazon Pay. Since its inception, it has evolved into a comprehensive payment solution for various transactions. With the Pay balance feature, users can make reservations for movies, settle debts, and shop for a wide array of products on Amazon.

Not widely known is the fact that you can swiftly withdraw your Pay balance. The process involves a few simple steps, allowing you to transfer funds from your Pay balance to your bank account. It’s important to note that completing the Know Your Customer (KYC) verification is a prerequisite for initiating this transfer. If you’ve already completed your KYC, you can proceed to the next section.

Below is a detailed, step-by-step guide on how to transfer your Amazon Pay Balance to your bank account:

Also Read: Try These Methods To Cancel Your Orders On Amazon’s App and Website

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.

Also Read: 5 Best Amazon Bluetooth Speakers In India February 2023

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.

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.

If you’re looking for the greatest deals and services, click here to Sell phone online or Recycle old phone.

Writer with a knack for the latest gadgets and smartphones. He loves to play football and fiddling around with his PlayStation 5, and always looking to improve himself and help the world make a better place.