If you’ve been shopping with Lazada for quite some time, you may be wondering how to cash out Lazada Wallet funds.
Whether you’re using the funds for other matters or cashing out your refunds, you have found the answer.
In this article, I’ll share with you everything to know on how to do this.
So without further ado, let’s dive into details.
What is Lazada Wallet?
Lazada Wallet is a virtual wallet offering a cashless payment system for convenient shopping.
Through the Lazada Wallet, shoppers can enjoy hassle-free shopping without needing to have cash in hand.
By loading up your Lazada Wallet or transferring funds from other accounts, you can shop without any worries.
How to cash out Lazada Wallet to Bank?
If you ever returned an order paid via Cash on Delivery, you can cash out your refund to your bank account.
To cash out your refund in Lazada Wallet to your bank account, follow the steps below.
1. Launch the Lazada app
2. On the lower left corner of the screen, tap “Account”
3. Under the “Lazada Wallet”, tap the available balance
4. Click the “Withdraw” button
5. Click the “Add Bank Account”
6. Then select your chosen bank on the options provided and click “Confirm”
7. For online banking accounts, enter your account details to proceed
8. Enter the OTP verification code sent via SMS, and click the “Verify Code” button
9. Once the cash out is successful, wait for the amount to reflect on your bank account in 4-7 working days
Can I cash out Lazada Wallet to GCash?
Yes, you can cash out Lazada Wallet to GCash. But this can only be done by cashing out to your bank account first and then sending that amount to your GCash. But you need to make sure that your bank has an app for this to work.
How to cash out Lazada Wallet via GCash?
To transfer your funds from Lazada Wallet to GCash, check out the steps below.
1. Open your Lazada app
2. Go to your Account
3. Under the Lazada Wallet tab, tap the amount
4. Under the Available Balance, tap the amount
5. Select withdraw and tap the Add Bank Account
6. You just need to follow the instructions such as logging in to your bank and entering the OTP
7. Then, once your funds have reached your bank, you can either cash in from GCash or send the money from your bank to GCash.
Can I cash out my credited refunds in Lazada Wallet?
Lazada only allows users to cash out credited refunds from orders paid via Cash on Delivery. If you got it from orders paid through the Lazada Wallet, that amount isn’t available to withdraw. Instead, your funds is sent back as deposited funds that you can use for your next transaction.
How to cash out refunds via LBC remittance?
Nonetheless, if you don’t have a bank account, you can still cash out refunds from Lazada Wallet via LBC remittance.
Lazada will send an LBC remittance number using the email@example.com address on the email address indicated during the purchase.
Also, keep in mind that the LBC remittance numbers are only valid for 15 days.
So if you haven’t claimed it after 15 days, it will already expire.
But if you still want to cash out your funds, request another LBC remittance number by submitting a Remittance Number Renewal form.
When claiming your refund, bring two valid IDs recognized by LBC, and show the LBC remittance number.
To sum up, cashing out funds from Lazada Wallet is very easy. So choose whether to pay via Lazada Wallet if you’re shopping long term, or pay via Cash on Delivery for an easy refund process.
What is the minimum withdrawal amount for Lazada Wallet?
For refunds, there’s no minimum withdrawal amount. But if you cashed in to your Lazada Wallet and you want to withdraw it, you can’t. You can try but it’s subject for approval according to Lazada Help Center.
What are the valid IDs being accepted by LBC for Lazada?
To process your Lazada withdrawal through LBC remittance, you should have any of the following valid IDs:
- Alien Certification Card or Immigration Card
- Driver’s License
- Foreign Passport
- GSIS e-Card
- IBP ID
- OFW ID
- OWWA ID
- PRC ID
- SSS ID
- Senior Citizen Card
- UMID ID
Take note that the name on the ID should be the same as the name on the withdrawal form.
Are there items that cannot be returned in Lazada?
Yes, there are things that you can buy from Lazada that cannot be returned.
But this doesn’t mean they cannot be refunded, so you can still get money in your Lazada wallet.
They could be digital goods, groceries, lingerie, maternity wear, perishable goods, pleasure items or sensual toys, and swimwear.
Thus, you can still get the money back to your Lazada wallet or other e-wallet and bank accounts.
How do I know where my refund will be processed?
Lazada refund works through payment reversal, so there are generally two ways to get a refund.
The first one is through the Lazada app, and the second one is through third parties.
If you paid using cash on delivery, your refund would be processed on the Lazada app.
But if the payment is from your Lazada wallet balance, it will be credited directly there.
On the other hand, if you use a credit card, it’s easier to get a refund or payment reversal.
Can I get a replacement instead of a refund when returning an item to Lazada?
No, Lazada does not offer automatic product replacement if you return an item.
You will need to place the same order again if you try to buy the same product.
The logic of Lazada is that other products of the same SKU are likely to have the same problem.
Because of this, Lazada recommends that you look for other products after the refund is provided to you.
Can I still get my voucher back after a return?
No, the voucher will already be used after the return process because you already received the item.
Vouchers can be reused after cancellations, but only if the whole order has been canceled.
Besides, the promo period will likely end by the time you return your item.
Does Lazada offer free bank transfers like Shopee?
No, Lazada is far from Shopee in terms of being able to facilitate free bank transfers to other accounts.
You can only transfer refunded amounts from COD purchases at best, so you should only cash into your Lazada Wallet when necessary.