How To Transfer Amazon Pay Balance To Bank Account (Latest Update)

Amazon Pay is unique on its own and can be very tricky when it comes to transferring your balance to a bank account.

If you haven't completed your KYC verification, you should already know what I'm talking about—but even if you are just learning about this now, you'll know more when you go through the steps mentioned in this guide.

With all that said, in this guide, I'll show you how to transfer Amazon Pay balance to bank account.

Can I Transfer Amazon Pay Balance To Bank Account?

Yes, you can transfer your Amazon Pay balance to a bank account.

However, you'll need to complete your KYC verification before you should be able to transfer the funds to your bank account.

Know Your Customer (KYC) standards are designed and required by every financial institution to protect them against fraud, corruption, money laundering and terrorist financing.

We'll cover the different steps required to complete the KYC verification on Amazon Pay.

Also Read: How To Transfer Amazon Gift Card Balance To Bank Account

How To Transfer Amazon Pay Balance To Bank Account

As earlier mentioned, only KYC approved users are allowed to transfer their Amazon Pay balance to bank account.

With that said, the process involves two simple steps; — verifying KYC and transferring the funds.

1. Verify KYC On Amazon Pay

Amazon Pay just like other financial institutions is required by banking standards to collect information about their customers through KYC verification so as to protect them against fraud.

Thankfully, the KYC verification process is completely free and isn't completed for those who aren't verified yet.

You'll initiate the verification through video KYC for which you'll be required to upload a PAN card followed by Aadhaar OTP verification on your UIDAI registered mobile number.

When required to provide address proof, you can provide any of the following;

• Passport
• Voter ID
• Driving License
• Aadhar Card
• NREGA job card

To verify KYC on Amazon Pay:

1. Open Amazon Pay on your phone.
2. Tap on "KYC" that's located under the "Manage" tab.
3. Tap "Upload KYC documents."
4. Select a picture and upload it in the given tab.
5. Add the picture of your PAN card under the "Identify proof" tab.
6. Click on agree, and initate the video call with an Amazon agent to complete the process.

2. Transfer Amazon Pay Balance To Bank Account

Once you've verified your KYC and you're approved, the next thing you'll want to do is to transfer your Amazon Pay to bank account, which involves the following steps:

1. Open the Amazon app on your phone.
2. Navigate to the "Amazon Pay" section.
3. Tap "Send Money."
4. Tap "To Bank" then, fill in the required details such as IFSC code, account number, account holder's name.
5. Tap "Pay Now."
6. Next, enter how much you want to transfer, and tap "Continue."
7. Ensure that you have selected "Pay using Amazon Pay Balance" as your preferred mode of payment.
   You can see this in the "Show More Ways" under the payment methods.
8. Now tap "Continue" to transfer the amount.

Once you've completed the process, your funds should take between 1 to 3 days to arrived into your bank account.

Also Read: How To Transfer Amazon Gift Card Balance To PayPal

Other Ways To Transfer Amazon Pay Balance To Bank Account

If you weren't successful with the direct transfer process offered by Amazon Pay to transfer your balance to your bank account, you might want to consider any of the options mentioned below.

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.

Frequently Asked Questions

How can I withdraw my Amazon Pay balance?

You can withdraw your Amazon Pay balance by transferring money to your bank account. Keep in mind that you'll be required to complete the bank verification process.

How do I transfer my Amazon Paymatrix balance to my bank account?

To transfer Amazon Paymatrix balance to bank account, tap "Add Biller" in the Bill Payment section to add a biller. Include the necessary bank details. After that, enter the desired transfer amount and select "Wallet."

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.

You'll need to complete KYC verification in order to transfer your Amazon Pay balance to your bank account.

Most users, however, aren't always successful with the direct method, and can only rely on some indirect methods to transfer the funds.

Thankfully, this article compiles the different ways to transfer Amazon Pay balance to bank account.