Lazypay users always ask how to transfer money from Lazypay to bank account and how to transfer lazypay credit to bank account when they use their buy now pay later service. Lazypay has partnered with thousands of merchants and online retailers across India for convenience and fast, hassle-free transactions. But this limit can only be used within the Lazypay Ecosystem.
Before we tackle the question of how to transfer money from Lazypay to Bank Account, let’s take a look at some of the features that make Lazypay one of the most popular buy now pay later services.
LazyPay offers both digital and physical cards to its users. With the Lazypay card, we can shop online and offline almost anywhere. But, this is not a credit or debit card, and you can’t withdraw cash from ATMs or make purchases online or in offline shops abroad with your LazyPay card.
LazyPay is approved and regulated by RBI. Please read our article on LazyPay RBI approval and its safety to learn more.
Let us look at the answer for How to transfer money from lazypay to bank account.
How To Transfer Money From Lazypay To Bank Account?
There are two methods to transfer money from Lazypay to bank account: One from the Lazypay Scan and Pay with UPI option and another via the Rent Payment option in the Paytm app or PhonePe app.
The step-by-step method to Transfer Money from Lazypay to Bank Account is as follows,
How To Transfer Money From Lazypay To Bank Account – First Method
Solution: Lazypay Scan and Pay with UPI option (Eligible for Selected users only)
Step 1: Open the Lazypay app and click on the Scan and Pay option. (Scan and Pay option works for limited users only)
Step 2: Scan the QR code of the Recipient Bank Account.
Step 3: Send the required amount to the bank account, which will be debited from the Lazypay credit.
How To Transfer LazyPay Credit To Bank Account – Second Method
Solution: Rent Payment in the Paytm or PhonePe app (Upto 4% Charges applicable)
Step 1: Open the Paytm or PhonePe app and Look for Rent via credit card option.
Step 2: Enter the amount you want to transfer to your bank account. Fill in the recipient bank details like Card number, Name and IFSC code and Click next.
Step 3: Enter the Lazypay Credit Card details and Click on Pay. An additional charge of up to 4% will apply to the amount you want to transfer, and the amount will be credited to your bank account within a few minutes.
ALSO READ: How To Transfer ZestMoney to Bank Account?
Conclusion
We hope you completely understand the answer to the question of how to transfer money from Lazypay to bank account through this post. It could be handy for anyone who finds themselves short of funds during an emergency.
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