ShopeePay offers consumers free, real-time online money transfers – Back End News


ShopeePay, Shopee’s integrated mobile wallet, continues to make financial services more accessible and convenient for Filipinos. The e-wallet offers free and real-time transfers, in addition to other free services, to enable easier and more transparent digital transactions.

ShopeePay users can now enjoy free real-time cashouts and wire transfers with over 35 banks and e-wallet partners, including BDO, Bank of the Philippine Islands (BPI), RCBC, Metrobank, Chinabank, UnionBank, and more via InstaPay. InstaPay is an electronic funds transfer (EFT) service that allows customers to transfer funds almost instantly between accounts and is available 24/7, year-round. In addition to the new checkout through the InstaPay option, users can also link their bank account to their ShopeePay wallet for free and easy checkouts.

In the app, verified ShopeePay users can also instantly send money to any ShopeePay user for free, available 24/7. Senders can also personalize their “send money” transactions with themed virtual cards suitable for all occasions. With ShopeePay, users can perform more cashless transactions and get rebates on loading products and refunds on paying bills.

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As more consumers embrace and embrace digital transactions, ShopeePay aims to support the transition by providing hassle-free digital banking options.

here’s how cash in to your ShopeePay wallet via InstaPay, and enjoy cash back of up to P25 on your InstaPay fees:

  1. Press “Cash out” on your ShopeePay wallet.
  2. Click on the “InstaPay” drop-down list.
  3. Consult the specific instructions and collect from your preferred bank.
  4. You will receive a notification if your cashout was successful.
  5. If you are eligible, you will receive the cashback after 7-10 business days.

AT transfer money for free from your ShopeePay wallet to your selected bank or e-wallet account via InstaPay, make sure your ShopeePay account is verified. Here’s how to transfer:

  1. Tap “Send Money” on your ShopeePay wallet.
  2. Select “To a bank account” or “To an electronic wallet”
  3. Choose the bank / e-wallet you want to send money to and enter the required information.
  4. Enter the amount to send.
  5. Check all the details to make sure it is correct and proceed to send money.

AT send money for free to other ShopeePay users, you must have a verified ShopeePay account. Here’s how:

  1. Tap “Send Money” on your ShopeePay wallet.
  2. Select “To Shopee User”.
  3. Enter the Shopee phone number or username to send money to.
  4. Enter the amount to send. You can also personalize your transfer with a virtual card.
  5. Enter your ShopeePay PIN code to confirm the transaction.

To take advantage of free cashouts and transfers, and also save on additional fees, be sure to activate ShopeePay. With ShopeePay, you can also take advantage of exclusive offers when you buy loads, pay bills, and scan to pay at thousands of merchants nationwide. Download the Shopee app for free from the App Store or Google Play.


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