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How To Transfer Amazon Pay Balance To Bank Account |3 Best Ways]

Transferring Amazon pay balance to bank account can be tricky. That said, here are the best ways to transfer Amazon pay balance to bank account.
transfer amazon pay balance to bank account

Amazon pay is an online payment solution that lets both customers and merchants get served accordingly and safely. You can your transfer Amazon pay balance to bank account if in case you urgently need funds.

Online shopping has gained more popularity as many people divert from local shopping to the shopping via phone also known as online shopping. Many businesses expand their services to the wider population online.

Shopping online brings lots of advantages of which the primordial advantage is the elimination of the hassle of going to a local store just to get an item. With online shopping, everything 'shopping' has been made simple and all you have to do is to open your phone and go to the site where you want to shop.

Mobile wallets such as PayPal, Google Pay, Apple Pay, Samsung Pay and Amazon Pay makes our shopping experience even better since they provide all the security we need when shopping online.

Amazon Pay just as PayPal let you use your subaccount for purchases. In the case of Amazon Pay, we call this subaccount Amazon Pay balance. The Amazon Pay balance is the sum total of your Money + Gifts & Credits. Amazon Pay users in India are entitled to Amazon Pay balance which they can use for their various purchases with Amazon Pay.

Transferring money from Amazon Pay balance to bank account can be tricky, but not impossible. To transfer money from Amazon pay balance to bank account, you will need to signup for a third-party app which will serve as a bridge for the transaction.

If this sounds confusing for you then, do not worry because you are not the first trying to figure out how this can be possible; there is a start for every thing and today, you will get to know how to transfer Amazon pay balance to bank account without hassle.

CHECK ALSO: How to Download Paid Books on Amazon for Free

What is Amazon Pay?

Amazon Pay is a payment option that many websites and online shops accept. It allows you to use your Amazon payment method on sites that support the service.

It's intended to provide third-party retailers with a safe, secure, and convenient payment option. Rather than entering your credit card or other payment method on a new site you may not fully trust, you can utilize Amazon Pay, which will complete the transaction using your current Amazon account.

CHECK ALSO: How to Get Free Amazon Gift Cards and Codes

What is Amazon Pay Balance?

Amazon Pay balance is a digital payment system provided by Amazon Pay (India) Private Limited that allows you to make online purchases on Amazon.in as well as its partner websites and apps.

Money and Gifts & Credits are the two components that make up the balance. As a result, the total Amazon Pay balance is equal to Money + Gifts & Credits.

Money keeps track of all the money you contribute to your Amazon Pay balance, whilst Gifts and Credits keeps track of your gift card balance as well as any cashbacks or refunds you receive. The amount breakdown can be viewed at any time from your Statement.

How to Load Amazon Pay Balance

  • You can top up your Amazon Pay balance: Money using a credit/debit card issued in India
  • Through net banking and Amazon Pay UPI.
  • You can also top up funds to Amazon Pay balance: Money by paying cash at doorstep. Know more by clicking here.

How to Transfer Amazon Pay Balance to Bank Account

Amazon.in doesn't offer a direct process to transfer your Amazon Pay balance to bank account. To complete the transfer, however, you will need to use some third-party apps which will serve as a bridge to complete the transaction.

The apps you can use in this case are many some of which are Club Factory, Snapay, Future Pay, Zingoy, Komparify etc. I will show you steps on how to transfer Amazon Pay balance to bank account using some of these apps.

1. Transfer Amazon Pay Balance to Bank Account Using Club Factory

Club Factory is an online shopping app that let you shop at big discounts & deals for fashion, clothing, home decor & accessories from the comfort of your home.

You can use the Club Factory app as a bridge to transfer Amazon Pay balance to bank account as follows:

  1. Download Club Factory app from Google Play Store.
  2. Now create a new Club Factory account or log into your existing one.
  3. Order anything from Club Factory.
  4. In the payment option, select Amazon Pay Balance and confirm your order.
  5. Wait for 10-15 minutes and cancel the order.
  6. Now wait until the amount is refunded to your Club Factory account.
  7. Once you receive the amount into your Club Factory account, you can instantly transfer it into your Paytm wallet.

2. Transfer Amazon Pay Balance to Bank Account Using Snapay

Snapay is an online money transfer service that lets users send money to any bank account via pay to mobile/email or pay to bank account. Using Snapay Secure Pay Technology, the app allows online purchase from a Facebook or WhatsApp group safer and more secure.

Snapay is a safe and secure way to transfer Amazon Pay balance to your Paytm or bank account.

To transfer your Amazon Pay wallet to Paytm, follow the steps below:

  1. Download Snapay app from Google Play Store.
  2. Now create a new Snapay account using Facebook or Google.
  3. Enter your phone number and verify the OTP.
  4. Next, enter your permanent address and tap on the "Submit" option.
  5. Now open the app and tap on the "Update Your Bank Account" section. Here, you have the option to add any payments account or wallet. Choose Paytm while updating your bank account details.
  6. Go to the payment request options and enter the amount you want to convert from Amazon.
  7. Continue and select the payment way as wallet, then choose Amazon Pay Balance.
  8. Log into your Amazon account and make the payment. Note that there is an additional 2.99% charge to transfer funds on Snapay.
  9. After completing the above steps, the sent amount will be transferred into your Paytm account.

3. Transfer Amazon Pay Balance to Bank Account Using Komparify

Komparify is a clever tool that allows you to use any wallet to recharge, pay bills, and purchase gift cards. The app brings all of your wallets together in one spot, allowing you to make all of your payments and take advantage of all of the finest deals all in one place.

To transfer Amazon pay balance to bank account using Komparify, you will first need to convert the Amazon pay balance into Amazon gift cards. You will then be able to transfer the Amazon gift card balance to bank account in a variety of ways.

Here is how to convert your Amazon pay balance to gift vouchers:

  1. Download the Komparify app from Google Play Store or signup through the website.
  2. Next, login into the website or app using your Gmail account.
  3. Go to the recharge section and click on e-commerce vouchers.
  4. Now fill out all the required details – enter the correct email ids in Recipient and Sender sections, and also put your correct mobile numbers.
  5. Select any gift voucher you want to purchase from Amazon Pay Balance and click on recharge.
  6. Next, select Amazon Pay balance as your payment option and complete the payment with it.
  7. And there you go! You will receive your gift card in 5-10 minutes.

Once you've converted your Amazon pay balance to gift card, you can now transfer Amazon gift card balance to bank account.

Final Thoughts

Amazon Pay balance is a digital payment system provided by Amazon Pay (India) Private Limited that allows you to make online purchases on Amazon.in as well as its partner websites and apps.

Users cannot directly transfer Amazon pay balance to bank account but however, they can use indirect methods to complete the transfer. This article shows you trusted apps you can use as a bridge to transfer your Amazon pay balance to bank account.

Referensces:
https://www.amazon.in/gp/help/customer/display.html?nodeId=202135170
https://www.karobargain.com/blog/amazon-paytm-transfer/

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About the Author

Graphic Designer, Web Developer, Ethical Hacker, Programmer, Content Creator is what I am and over all a Biochemist with an aim of bypassing all restrictions that separate me from my objectives.

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