Amazon announced its payment wallet called Amazon Pay a few years back. Ever since its launch, it has grown to become a full-fledged payment option to do all types of payments. You can book movies, pay bills, and also buy anything from Amazon with the Pay balance. Also Read - Amazon announces Smartphone Upgrade Days sale: Check top deals here
However, not many know that you can also easily withdraw the Pay balance. The Pay balance can be transferred to your bank account in a few simple steps. But before seeing the steps for the same, do note that you need to complete KYC in order to transfer funds. If you have already completed your KYC, follow the steps below. Also Read - Amazon introduces a Prime Video Mobile Edition subscription plan in India
Transfer Amazon Pay balance to bank account
Step 1: Open the Amazon app on your smartphone. Also Read - Amazon is giving six months of Spotify Premium subscription for free in India: How to get it
Step 2: Tap on the Amazon Pay option which will mostly be on the homepage itself. If you don’t find the option, tap on the hamburger icon in the bottom right corner and then tap on Amazon Pay.
Step 3: Once you follow the above step, you will be in the Amazon Pay section. Now to transfer the pay balance to your bank account, tap on Send Money.
Step 4: Select the bank to which you want to send the pay balance money.
Step 5: Verify the mobile number and bank details by sending an SMS (SMS will be automatically sent, just tap on send when the screen pops up).
Step 6: Tap on To Bank.
Step 7: Enter the IFSC code, account number, and the name of the account holder.
Step 8: Hit the Pay Now button.
Step 9: Now, you will see all the options to pay, tap on Show more ways, followed by selecting Amazon Pay balance as the wallet for payment.
Step 10: Lastly, tap on continue.
That’s it. Now, your Amazon Pay balance will be transferred to your bank account, which means you can withdraw it in cash if needed.
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- Amazon Pay
In addition to online shopping, Amazon also provides its customers with online payment options through Amazon Pay. It offers the ability to pay via UPI transactions directly from and to your bank account. Additionally, it has its own e-wallet service, called Amazon Pay balance, just like other online payment platforms such as Paytm, PhonePe, and others.
Amazon Pay balance
You must register with
Amazon Pay using your official ID, bank account information, and mobile number in order to begin using your Amazon Pay balance on your mobile device. Although it's well known that adding money to your Amazon Pay balance is simple, have you ever wondered how to transfer your Amazon Pay balance to another bank account? Here’s a step-by-step guide to help you out with it:
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It is important to note that only users who have completed full KYC are able to transfer their Amazon Pay balance to any bank account or merchant.
1.
Open the Amazon app on your phone.
2.
Go to the Amazon Pay section.
3.
Tap on Send money.
4.
Tap on the To Bank icon.
5.
Enter the details of the bank account to which you want to transfer the balance: IFSC code, account number, re-enter account number, and name of the account holder.
6.
Hit the Pay Now button.
7.
Enter the amount and tap on the Continue button.
8.
A pop-menu will appear at the bottom of your screen. If you see an option to pay via Amazon Pay balance, tap on that. If not, then tap on the Show more ways option and further select paying using your Amazon Pay balance.
9.
Hit the Continue button.
10.
The money will be transferred to the required account.
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