2 Ways to Transfer Money From LazyPay to Bank Account

Want to transfer your money from LazyPay to a bank account? If yes, then keep reading this article till the end. Here we have shared the step-by-step process of LazyPay to bank account transfer.

LazyPay is a BNPL service that offers up to ₹1 lakh instant credit limit. Based on your credit history, they offer a credit limit that you can use to shop at more than 250 merchants online in India.

However, sometimes you may need to transfer your money from LazyPay to a bank account. So, let’s jump into it and learn the process of transferring money from LazyPay to a bank account.

How to Transfer Money from LazyPay to Bank Account

Earlier you could transfer money from LazyPay to a bank account through the Paytm Fastag option, but recently LazyPay brought a new update to its app and removed the Paytm FASTage recharge option.

Now you cannot recharge your Paytm Fastag through LazyPay, which means you cannot transfer money from LazyPay to Paytm directly.

Then how can you transfer money from LazyPay to bank account? Although you can’t transfer your credit balance from LazyPay to Paytm, you can transfer it to your bank account.

Methods to Transfer Money from LazyPay to Bank Account

There are two other methods that you can follow to transfer your LazyPay credit balance to a bank account. One is the LazyPay Scan and Pay feature and the other one is using the Snapay app.

Method 1: Scan and Pay With LazyPay

LazyPay provides the Scan and Pay facility, through which you can pay your LazyPay balance by scanning a merchant QR code. You can also use this feature to transfer money from LazyPay to a bank account, but how?

LazyPay Scan and Pay feature is quite similar to the UPI scan and Pay. If you don’t know how to use this feature in the LazyPay app, then follow the steps below:

• Open the LazyPay app on your mobile.
• Tap on the Scan and Pay option.
• Then scan a merchant QR code.
• Enter the amount you want to transfer and proceed to pay.
• Once the payment is successful, the amount will be transferred to the merchant’s bank account.
• Now you can request the merchant to send the amount back to you.

Is it frustrating? Might be, because this is possible only when the merchant is someone you know or a friend of yours.

You can also do it with your own merchant QR code. Don’t have a business QR code? No worries, you can create your merchant QR code today with Google Pay Business, PhonePe Business, and many others.

Once you have a merchant QR code, transfer your LazyPay credit balance to your bank account whenever you want.

>> Read: How to Use Mobikwik ZIP Balance

Here’s a YouTube video from LazyPay India. Watch this video to learn how you can use the LazyPay Scan and Pay feature to transfer your LazyPay credit balance.

Remember – Sometimes, LazyPay’s Scan and Pay feature might not be available in your account, coz it’s only available for a few selected customers. If you have this feature, you can use it.

But if the Scan and Pay feature does not work, then don’t worry you can try another method, that is using the Snapay app.

Method 2: Use the Snapay Mobile App

1. Go to Play Store and download the Snapay mobile app.
2. Create a new account on Snapay with your mobile number.
3. Complete your KYC and provide your bank account details.
4. On the homepage of the app, you will see the Utility Payment option, so click on it.
5. Choose a bank account where you want to transfer the money.
6. Now select the Same Day option and enter the amount you want to transfer.
7. Tap on the wallet payment option and then choose LazyPay under the Pay Later section.
8. Complete the payment to get the amount immediately in the selected bank account.

We tried this method and it worked well. But if there are any new changes in the Snapay app, then it might not work. However, you can give it a try because there’s no other way to transfer money from LazyPay to bank account.

>> Also Read: How to Use Smytten Wallet Money

Conclusion: LazyPay to Bank Account Transfer Tricks

Transferring money from LazyPay to bank account is not possible. However, you can do it but it’s a tricky process. In this article, we have shared the LazyPay to bank account transfer trick with you.

If you have read this article till this part, then you have learned how to transfer money from LazyPay to bank account. If you have any doubts or queries about this article, then feel free to comment below.

>> Also Read: How to Transfer Money from Paytm Postpaid to Bank Account

Frequently Asked Questions

Q. Why is the LazyPay Scan and Pay feature not working?

The LazyPay Scan and Pay feature is available only for a few selected customers. Apart from this, there might be some technical difficulties for which the LazyPay Scan and Pay feature might not work.

Q. Why is the LazyPay option unavailable on Snapay?

Maybe Snapay has removed the LazyPay Pay Later option as a payment method, that’s why, you can’t see the LazyPay option on the Snapay app.

Q. Can I withdraw money from LazyPay?

No, you cannot withdraw cash from LazyPay Pay Later. Alternatively, you can transfer money from LazyPay to bank account by following the tricks mentioned in this article. Moreover, you can use your LazyPay balance for various transactions.