Can Shopee pay be converted to cash?

How to Convert ShopeePay Balance to Cash

ShopeePay, the digital wallet integrated into the Shopee e-commerce platform, allows users to make purchases and manage their finances conveniently. One of the frequently asked questions regarding ShopeePay is whether it’s possible to convert the balance into cash. The answer is yes, and this article will provide step-by-step instructions on how to do so.

Prerequisites

Before proceeding with the conversion process, ensure that you have the following:

• An active Shopee account
• A ShopeePay balance
• A linked bank account

Step-by-Step Guide

1. Access ShopeePay Balance:

• Open the Shopee app and log into your account.
• Tap on the “Me” tab at the bottom of the screen.
• Go to “ShopeePay.”
• Your ShopeePay balance will be displayed.

2. Choose Bank Transfer:

• Click on “Transfer.”
• Select “Bank Transfer.”
• Choose the bank you want to transfer the funds to.

3. Enter Account Details:

• Enter your bank account number and account holder’s name.
• Ensure the information is accurate and matches your linked account.

4. Enter Amount:

• Enter the amount you wish to transfer from your ShopeePay balance.
• The minimum transfer amount may vary depending on the bank.

5. Confirm Transfer:

• Review the details to ensure everything is correct.
• Tap on “Confirm” to proceed with the transfer.

6. Processing:

• ShopeePay will process the transaction.
• Once completed, the funds will be transferred to your linked bank account.

Note:

• The transfer process may take some time, usually within 24 hours.
• ShopeePay may charge a small transaction fee for the conversion.
• The availability of the Bank Transfer option may vary depending on your location and bank.

By following these steps, you can easily convert your ShopeePay balance into cash. This allows you to access your funds for various purposes, such as making withdrawals at ATMs, paying bills, or transferring to other accounts.