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| Know how to transfer funds from your ShopeePay account to GCash. Just follow this latest and updated step-by-step guide. |
(UPDATED) If you wonder how to transfer your ShopeePay funds to GCash, you are in the right place.
Since Shopee first introduced ShopeePay, the app has garnered a large number of users and established itself as a prominent mobile wallet payment platform. This should not come as a surprise, given that Shopee is one of the most well-known online shopping platforms in the Southeast Asian Region.
Although it is a new feature of Shopee, ShopeePay has quickly become an indispensable app for customers who frequently use the online shopping platform. By utilizing the said online payment system, users are afforded the convenience of buying mobile load, paying their bills, and making purchases directly from Shopee.
Through their linked bank accounts, they can also use mobile banking to add funds to their accounts and transfer funds to other e-wallets, such as GCash. ShopeePay is safe to use because it's regulated by the Bangko Sentral ng Pilipinas.
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What is ShopeePay?
ShopeePay is the official mobile wallet for the Shopee platform. It is widely used by buyers who want to pay and purchase items directly through the Shopee app. ShopeePay provides easy access to online payment services, such as load top-up and bills payment.
Shopee's in-app mobile wallet can be funded through other e-wallets such as GCash and Coins.ph. Recent features allow users to link it to a bank account and use it to withdraw or add funds.
Why use ShopeePay instead of other e-wallets?
If you're an avid Shopee user, you must use ShopeePay to avail of discounts, free shipping, cashback, and promos exclusively limited to the app. Shopee Coins will be rewarded if you use ShopeePay to buy physical or digital products on the platform.Aside from the mentioned benefits, you will also be able to:
- Request or send money to other Shopee users. Shoppers can quickly request or send money from other users. They only need to click the "request" and "transfer" buttons.
- Online purchasing of products through Shopee. Through ShopeePay, online shoppers can immediately pay for their purchase on the Shopee app.
- Pay your groceries via offline QR code. You can conveniently pay for your groceries in supermarkets like PureGold, Newstar Shopping Mart, and UltraMega Supermarket.
- Top-up effortlessly through other mobile banking apps. ShopeePay users can quickly add funds through e-wallets and other mobile banking apps such as GCash and BPI.
How to use ShopeePay?
It's easy to use ShopeePay, especially with in-app purchases in the Shopee platform. If you buy a product or electronic credits (load), simply select ShopeePay in the Payment Options. If you do not have enough balance, just click on the "Top Up" button for your account to be funded.
You can use an online banking app like BPI if you want to transfer funds to other e-wallets such as GCash.
How to transfer funds from ShopeePay to GCash?
ShopeePay now allows users to transfer funds directly to other E-Wallet accounts as of May 2022. Users can now use the platform to send money to GCash, Paymaya, Starpay, JuanCash, and Bayad.
Individuals may transfer funds by going directly to the ShopeePay menu and clicking the "Send Money" button.
They must then select GCash as their preferred E-Wallet by clicking the "To Other E-Wallet" button. Afterward, they must enter the name and GCash account of their intended recipient to complete the process.
You can also follow the steps below:
Step 1 - Launch your Shopee app and go to ShopeePay Menu
Step 2 - Click the "Send Money" button and Select "To Other E-Wallet"
Step 3 - Choose GCash and enter the recipient's details
Once you've accessed the E-wallet options, choose GCash and enter your intended recipient's information, including their GCash account number. You must enter the GCash account number in the field next to the phone number. Click on the "Next" button to continue.
Note: To avoid errors on your fund transfer, you must ensure that all of the details are correct.
Step 4 - Enter the desired amount and click "Send Money Now"
On the following page, enter the amount you wish to send and then click the "Next" button. Afterward, click on the "Send Money Now" to proceed. Note: By clicking "Send Money Now," you validate and agree to transfer funds to the account you specified. Your transfer will be processed and may not be reversed.
Step 5 - Verify details and enter your PIN to complete the transaction
After completing the transaction, the recipient will receive the funds from ShopeePay immediately. They will receive a text message informing them that funds have been received on their GCash wallet from ShopeePay.
How to transfer funds from ShopeePay to banks like BPI?
You can easily send money from your BPI account to GCash using the funds in your ShopeePay. Previously, using a third-party account was the only way to transfer funds from ShopeePay to GCash. There is no direct way to transfer funds from ShopeePay to GCash.
Back then, you could only add money to your ShopeePay account with GCash, but you couldn't send money back.
If you want to use other accounts and transfer money to GCash, you can do so through other online banking apps such as BPI. It is best to use a BPI account because transferring funds to e-wallets are free. If you already have a BPI account linked to your ShopeePay account, transfer funds to it.
You can follow these steps to transfer or withdraw funds from your ShopeePay account:
Step 1 - Open the Shopee app and then click ShopeePay
If you are already a verified Shopee user and have access to ShopeePay's in-app services, open the app and click the ShopeePay button to access its features.
Step 2 - Click the "withdrawal" button on the ShopeePay menu
Once you are on the ShopeePay page, tap the "Withdrawal" button to transfer funds to your bank account. Make sure that your bank account is linked to your ShopeePay. If not, check the how-to guide here.
Step 3 - Select bank account and enter the withdrawal amount
If your bank account is already connected to Shopee, select it and enter the withdrawal amount to be transferred. Be sure to transact from Monday to Thursday as it takes 1 to 2 business days before the funds arrive in your bank account.
For example, if you transact on Friday, you may receive the funds to your bank account on the following Monday.
When you're done entering the amount you want to transfer, click on the "next" button to continue.
Step 4 -Verify details and click the "confirm" button
Before proceeding, confirm that the withdrawal amount and the bank account details are correct. If correct, press the "confirm" button to continue.
Step 5 - Enter your PIN or your Face/Touch ID
For verification purposes, enter the PIN or any security features you selected in your Shopee app. If successful, Shopee will immediately process the transfer of your funds from ShopeePay to your bank account.
Note: The money will be transferred to your selected bank account in 1-2 working days. Please note withdrawal won't be processed on holidays.
Now that you already transferred your ShopeePay funds to BPI. You may now use the latter to send the funds to your GCash. Just follow the steps here.
How do I send money to ShopeePay?
It's easy to send money to your ShopeePay account. Just go to the ShopeePay menu, then click on the "top-up" button. Choose from the top-up channels listed: (1) payment center, (2) e-wallet, (3) over-the-counter, (4) online payment, (5) Touchpay, (6) debit card, and (7) linked bank account.If you have already selected your top-up channel and complete the payment, your ShopeePay account will be funded immediately.
Can I withdraw money from ShopeePay?
Yes, as this article mentioned, you can withdraw funds from your ShopeePay account to your bank account. Just link it to your ShopeePay account to transfer funds. Just follow the steps above.
Is ShopeePay safe to use?
ShopeePay is safe to use because it is regulated by the Bangko Sentral ng Pilipinas (BSP) like traditional banks. So you don’t have to worry if you put funds into it because it won’t go away. If there are fraudulent activities on your ShopeePay account, you can file a report to BSP.
How do I use ShopeePay refund?
To use the ShopeePay refund, just make sure there is something wrong with your Shopee transaction. For example, you received a defective product, defective and incorrect items.
If your grievance is appropriate and correct, the merchant will give you a refund. You will receive it immediately within a day or two if your ShopeePay account is already activated. Make sure your account didn't reach the transaction limit to receive the refund.
You may check the table below for the transaction limits of basic and verified ShopeePay account, according to Shopee:
| Account Type | Monthly Inflow Limit | Balance Limit | Daily Transaction Limit |
|---|---|---|---|
| Non-Verified (Basic) | Php 50,000 | Php 50,000 | Php 50,000 |
| Verified Account (Premium) | Php 100,000 | Php 100,000 | Php 100,000 |
Conclusion
It's really astonishing that in just a few years since the launch of Shopee in the Philippines, they already have an in-app mobile wallet for their users that has been patronized immediately.
So if you are an avid user of Shopee, you should use this feature because you will be able to pay for your purchases faster within the platform, and you will even have discounts, cashback, and other rewards. Just make sure you only use ShopeePay for your needs, especially since it's hard to earn money due to the pandemic.
For other information inquiries about Shopee's SpayLater, you may contact their customer at 02-8880-5200 (from 7 AM to 7 PM during weekdays and 9 am to 6 pm during weekends) or email them through this link. —iTacloban