Lazada is one of Southeast Asia’s most widely used online shopping platforms. According to research, Lazada is Singapore’s second-most popular e-commerce site for monthly clicks.
Furthermore, it generates more than 150 million users per month. These staggering figures make it abundantly evident why Lazada is the best option for lead generation and selling your products online.
Lazada focuses on giving clients an exceptional buying experience. It has established itself as a regional household name and plans to reach 300 million shoppers by 2030. [ https://expandedramblings.com/index.php/lazada-statistics-facts/]
The well-known online shopping platform has introduced feature after feature since its launch in 2012 to attract more users. The Lazada Wallet is unquestionably their best feature to date. In this article, we will take a deep dive into the Lazada wallet and its functions. Keep reading to discover the unique features of the amazing digital wallet.
What is a Lazada Wallet?
Lazada Wallet is a digital payment method to purchase goods and utilize services from the Lazada marketplace. It’s akin to other mobile wallets and has beneficial features for most online buyers.
Lazada Payment Protection backs up every transaction. This one-click checkout approach removes the issue of paying the precise amount in cash-on-delivery transactions. Two million online consumers have used the platform, and the digital wallet has emerged as their favourite payment option.
8 Benefits of Lazada Wallet You Might Have Missed
You Can Benefit from The New Cut-Off Times
You may already be aware that the Lazada Wallet[ https://www.lazada.com/en/ ] offers a later cut-off time than the BillEase voucher if you’re a Lazada Official Facebook Group member. However, if this is the first time you have heard that, then yes, you are correct.
The deadline to submit a BillEase voucher-request was 10 a.m. If you ask for a voucher after 10 a.m., the transaction will proceed after the mid-evening of the following banking day before it shows up in your BillEase account.
On the other side, Monday through Friday, noon is the final call time for Wallet top-up requests. And don’t panic if you accidentally miss the deadline. By the afternoon of the following day, the first round of Lazada Wallet top-ups would be delivered. Be ready to start your shopping binge!
Top-Up Funds by Lazada don’t expire
The BillEase voucher’s three-day expiration period is one of its main drawbacks (though it is also a benefit for most people). Sure, you can ask for another voucher, but then you’d have to deal with the deadlines and the scheduled disbursal time.
Your funds from Lazada Wallet Top-Up never run out. You can now transfer your credit limit whenever you want to your e-wallet and keep it for sale. Alternatively, you may pool your money and save it up to buy something more expensive later.
Quick Disbursal Time
Your credits will be disbursed more quickly with the Lazada Wallet Top-Up, another substantial improvement for the Lazada marketplace. Although you will still require some time to submit and execute the top-up request, they ensure that your top-up credits appear in your e-wallet more quickly than your old BillEase coupon.
Fast Refunds
Order returns are usually a disaster on e-commerce platforms. Receiving a faulty or damaged package is discouraging, but returning the package is also quite a chore.
The good news is that the Lazada seller makes returns much simpler through its digital wallet. You won’t have to wait long because Lazada will transfer your refund into your Lazada Wallet as soon as they receive and verify your order return or cancellation. No, Wait, No Worries!!!
The Lazada Wallet Top-Up Credits Are Yours to Use However You Please
Another Lazada wallet benefit is that there is no time limit to use your Top-up funds. You may only use the BillEase voucher once per transaction, which is another drawback of using it for your Lazada orders.[ https://www.splitdragon.com/lazada-competitor-tracking]
What would happen if you couldn’t use the whole amount of your desired voucher? You cannot use your total credit limit without fully paying off your previous installment plan.
However, you have complete control over how you wish to utilize your money using the Lazada Wallet. You can choose how much money you would like to spend and when. This Lazada wallet benefit allows you to use your money correctly without any rush.
Huge Transaction Limits
The redesigned Lazada Wallet has been launched by the e-commerce platform Lazada. Now, you’ll have access to a higher transaction limit with the new Lazada payment, making transactions smoother and more straightforward.
The improved Lazada Wallet is released to allow its incorporation within the Tmall app (also known as the Taobao app). The more significant amount and spending limits are because, once connected; you can use your Lazada Wallet as a payment method for both Lazada and Tmall transactions. A table shows the transaction limits for the updated Lazada Wallet and the regular Lazada Wallet.
| Types of transaction limit | Lazada Wallet (Only on Lazada app) | Upgraded Lazada Wallet (On Lazada and Tmall app) |
| Top-up limit | RM2,999 | RM2,999 |
| Wallet balance limit | RM2,999 | RM25,000 |
| Transaction limit | RM2,999 | RM9,999 |
| Monthly cumulative limit | RM4,999 | RM200,000 |
| Yearly cumulative limit | RM59,999 | RM500,000 |
How to activate the Lazada wallet?
It would help if you first created your Lazada Wallet before you could transfer your Awardco points there. You do not necessarily need an active Lazada Wallet to create a Lazada account. Follow these steps and sign up for your Lazada Wallet:
- Open your Lazada account
- On a mobile device, select Account > Lazada Wallet. On a desktop, visit this link. [https://member.lazada.com.ph/user/login?lzdmflt=p&redirect=http%3A%2F%2Fmember.lazada.com.ph%2Fwallet%2Fmy-wallet%3Fspm%3Da2o4l.helpcenter-article.article-content.2.11da2965zilwN6]
- Then tap on Activate My Wallet.
- Type in your current mobile number. To get a one-time SMS code, click “Send Code.” Verify your phone number by entering the code you were given.
Check the Lazada help pages and contact the Lazada customer service team if you have any additional queries about creating your Lazada Wallet.
How to top up your Lazada wallet
Comparatively speaking to major other digital wallets in the region, cashing in is as convenient. You can use GCash, your chosen online payment app, or your credit/debit card. The ability to cash out through affiliate stores is momentarily unavailable.
How to Top Up with a Credit or Debit Card
You can top up your Lazada wallet with the following easy-to-do steps:
- Tap Cash In on the Lazada Wallet dashboard.
- Enter your desired top-up amount or make a selection from the available alternatives.
- Press Your Credit/Debit Card, then tap Check All Cash In Methods.
- Enter your card information and then select Confirm.
- Enter the OTP issued to your phone to confirm the transaction.
- Enter the OTP that was issued to your phone to confirm the transaction
- Find your new balance in your wallet.
How to top up with Online Banking
You can top up your digital wallet with your bank account as follows:
- Tap Cash in on the Lazada Wallet dashboard.
- Enter your desired top-up amount or make a selection from the available alternatives.
- Tap Confirm after selecting Add Bank Account.
- Select from Unionbank, Metrobank, or BPI.
- Select your preferred bank, then select Confirm.
- Select which bank account you want to link after logging into your account.
- Enter the OTP sent to your phone to confirm the transaction.
- Find your new balance in your Lazada wallet.
How to Top Up with GCash
GCash is another excellent option to top up your Lazada wallet. You need to follow the below-mentioned steps:
- Tap Cash In on the Lazada Wallet dashboard.
- Enter your desired top-up amount or make a selection from the available alternatives.
- Tap Confirm after selecting Add GCash Account.
- To pay for your cash-in, sign into your GCash account.
- Lastly, confirm your new balance by checking your E-wallet.
Is the Lazada Credit Card worth it?
If you’re a big fan of online shopping, then you’ve probably heard of the Lazada credit card. But is it worth getting?
Here are some of the benefits that come with the Lazada credit card:
- Exclusive discounts from selected Lazada merchants. This means that you can save even more on your favourite items! [ https://www.splitdragon.com/lazada-product-analyzer]
- Score better deals with discount vouchers. With the Lazada credit card, you can access exclusive voucher codes that’ll help you save even more on your purchases.
- Earn Lazada Credits on all your transactions. These credits can be used to offset future purchases or even be redeemed for attractive prizes.
- You will get 5,000 Lazada Credits to continue shopping with your recently authorized credit card.
- Lazada waives the annual fee for your first year as soon as you sign up for the credit card.
So, if you’re an avid online shopper, the Lazada credit card is worth considering!
Some FAQs about Lazada wallet
- Are there any costs involved with using Lazada Wallet withdrawal?
There are no fees associated with using Lazada Wallet to withdraw.
- Can my account be linked to more than one Lazada Wallet?
No. Every Lazada user account is only allowed one Lazada Wallet.
- Is it feasible to create a Lazada Wallet linked to my account if I don’t have a working mobile phone number?
An active Lazada Wallet must have a cellphone number.
- How much can you top up in your Lazada wallet?
The minimum top-up amount in the Lazada wallet is P20. The total balance of your Lazada Wallet, which includes refund and promo rebate balances, is just P100,000.
- Is it possible to exchange money in your Lazada Wallet for Awardco platform points?
After money has been transferred from your Lazada Wallet to Awardco, it cannot be retrieved.
- How soon does the cash in reflect in the Lazada wallet?
Within 25 hours. If the amount has not appeared, call Lazada Customer Service right away.
Final Thoughts
The Lazada wallet is a perfect way to market your business due to its low transaction costs. You can send the money directly to your bank account, which makes your work fast and convenient. It is a very useful e-wallet for any customer who wants to make purchases on Lazada.
Remember, knowledge is key – and armed with the insights from this guide, you’re now empowered to utilize Lazada Wallet to its fullest potential. Here’s to smoother transactions, unbeatable offers, and a future where convenience meets cutting-edge technology. Happy shopping!