Technology

How to Effortlessly Transfer Money from ShopeePay to Your Bank Account with Simple Steps

How to transfer money from ShopeePay to a bank account? This is one of the questions of those who intend to shop on Shopee and feel unfamiliar with the e-commerce platform's ShopeePay wallet. Let's find out about this process through the article below!

Administrator

6 May, 2024

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When you shop online on Shopee e-commerce platform, transferring money from your ShopeePay e-wallet to your bank account is a crucial step in completing your payment transactions. In this article, FPT Shop will guide you on how to transfer money from ShopeePay to your bank account!

What is ShopeePay?

ShopeePay is similar to other e-wallets in that users can conveniently and quickly pay their bills directly through their smartphones.

ShopeePay’s features are specifically as follows:

Direct payment for orders on Shopee.
Payment of food and beverage bills on Shopee Food.
Purchase of phone top-up cards or phone top-ups.
Top-up of 3G/4G data plans with various promotions.
Booking of movie tickets, airline tickets, or hotel rooms.
Transfer of money through mobile phone numbers or bank accounts.

Currently, users can transfer money through ShopeePay or withdraw money from this application to their linked bank accounts. To meet users’ demands, ShopeePay will operate like a regular banking app. Therefore, you can quickly transfer money to anyone with a ShopeePay account.

How to transfer money from ShopeePay to your bank account

The following are the methods of transferring money from ShopeePay to your bank account, specifically as follows:

Transfer money through a bank linked to Shopee

Step 1: Open the Shopee interface and click on “Me” in the top right corner of the screen, then select the ShopeePay wallet.

Step 2: Enter your password to log in to your wallet.

Step 3: After accessing your wallet, you can transfer money by clicking “Transfer”.

Step 4: In the money transfer options panel, select “To a linked bank account”.

Step 5: In the list of banks that you have linked, select the bank to which you want to transfer money. At this point, another interface will appear. You just need to enter the amount you want to transfer, then enter your password and click “Confirm”.

Automatic money transfer

If you have a business on Shopee, manually transferring money through a bank account is very inconvenient and time-consuming. However, the automatic money transfer method from ShopeePay to your bank account will help you make transactions more conveniently with the following steps:

Step 1: In the Shopee interface, select “Me” in the right corner of the screen.

Step 2: Click on “Shopee account balance settings”. At this point, you can set up an automatic transfer of Once a month (Payment on the 15th day of each month) or Twice a week.

Step 3: Enter the amount you want to transfer periodically, then enter your ShopeePay password to complete the process.

Answers to related questions

Is there a fee for transferring money from ShopeePay to a bank account?

There is no service fee for transferring money to a bank account through ShopeePay, so you can use it with complete peace of mind.

How long does it take to withdraw money to a linked account from a ShopeePay wallet?

Withdrawing money to a linked bank account is quite fast. However, if you have not received the money after 24 hours, immediately contact the ShopeePay hotline at 19001221 and provide the information to the staff for their assistance.

However, there are still a few cases where users have not received the money withdrawn to their bank accounts, as follows:

The transaction has not been processed by the system in time, so you need to wait within 24 hours to receive the money.
The system is under maintenance.
The recipient’s information is incorrect.

Can the ShopeePay account balance be used to buy items?

If you deposit money into your ShopeePay wallet, you can completely pay for bills on Shopee. You just need to have a higher account balance than the bill. When choosing the shopping cart to pay for, you can select ShopeePay as the payment method to complete the process.

Can I cancel a money transfer transaction?

Once you have made a money transfer transaction, it cannot be canceled. Therefore, before making the transfer, you need to carefully check the recipient’s information and account number. If you encounter any problems while transferring money, you can contact Shopee’s customer care center directly for assistance.

Frequently asked questions

ShopeePay is an e-wallet service that allows users to make convenient and quick payments directly through their smartphones. It offers features such as direct payment for Shopee orders, bill payments for food and beverages, purchasing phone top-up cards, booking movie or airline tickets, and transferring money to mobile phone numbers or bank accounts.

There are two methods: transferring through a linked bank or automatic money transfer. For the first method, open the Shopee app, access your ShopeePay wallet, click ‘Transfer’, select ‘To a linked bank account’, choose the desired bank, enter the amount, and confirm. For automatic transfers, go to ‘Shopee account balance settings’ in the app, set up automatic transfers (once a month or twice a week), enter the amount, and confirm with your ShopeePay password.

No, there are no service fees for transferring money from ShopeePay to your bank account.

Withdrawing money to a linked bank account is usually fast. However, if you haven’t received the funds within 24 hours, contact the ShopeePay hotline at 19001221 for assistance.

Yes, as long as your ShopeePay balance is higher than the bill, you can use it to pay for your purchases on Shopee. Simply select ShopeePay as your payment method during checkout.

No, once a money transfer transaction has been made, it cannot be canceled. Therefore, it is important to carefully check the recipient’s information and account number before initiating the transfer. For any issues or problems during the transfer, contact Shopee’s customer care center for assistance.