Here Is How to Withdraw Money from Lazada Seller Account

Are you curious on how to withdraw money from Lazada seller? You go to the right places. Let’s read this article to get more information about it.

How Long Does It Take for Lazada Seller to Pay?

Selling in Lazada can be a good decision for those who are looking for more income. It is because Lazada has turned into one of the most popular marketplace in Malaysia and most Malaysians have used this Lazada application.

If you want to be a Lazada seller, you can create your Lazada account and make your account registration in the Lazada seller center but before you make a registration, you need to make sure that you have fulfilled all the requirements. Here are the requirements, such as:

• The registered mobile number.
• Business license if you registered as corporate entity and Identity card if you registered as individual seller.
• The valid email address.
• Seller address.

After you have fulfilled all the requirements, you can directly create your Lazada seller account through Lazada seller center malaysia. Here is how to do it:

• Step 1 – You need to download your Lazada app first.
• Step 2 – Then open the Lazada app and select the sign up button on the homepage.
• Step 3 – You will be automatically directed to another page, then you need to tap on Sign Up Now on the bottom right corner.
• Step 4 – In this section, you will be able to choose on how you want to register your seller account. You can choose whether you want to register your account through  mobile number, facebook account or Google account.
• Step 5 – Once you have chosen the way you registered your account, then you will need to fill all the data needed here. 
• Step 6 – After you have filled all the required data, you have to click the Sign Up button there.
• Step 7 – You will receive an email when your registration is successful.

When you have got your order, you need to pack and ship the customers’ order as soon as possible. To ship the customers’ order, the Lazada seller needs to follow the Lazada seller shipping guide. Here are the reasons why you need to set up your business in Lazada Malaysia such as:

• Mobile Features – Lazada apps are mobile friendly which can be used in mobile phones at any time and any places.
• Great Web User Interface – Lazada website is user-friendly. This means you can use the app easily even if you don’t have any experience of using mobile applications.
• Quality Customer Service – Lazada customer services are available everyday to answer all queries.
• Online Payment Options – You can choose many payment options to pay your bills.
• Nationwide And Global Shipping Options – You can sell your product internationally which can help you increase your sales as well as the product visibility.

As we know that there is a Lazada seller commission that sellers need to pay. Now the question, what about the sellers’ payment? How long does it take for sellers to get their payment? For your information, Lazada payment will be accumulated in a week and will be paid in the next week to their account as stated in their data.

Basically Lazada will proceed with the seller payout next Monday and you will get an email once the payment has been made. You also need to note that the credit funds will depend on your bank processing time. Some banks might need 24 hours for the payment to be received in the Lazada seller bank account.

Read also : How to Apply Lazada Installment and Pay By It Easily?

How to Withdraw from Lazada Seller Account?

For your information, the seller will be paid once the customer has received their order and confirm it by clicking the “Order Received” button but how can we know that the payment has been processed or paid? To know about it, you can do Lazada payout checker. 

Here are the steps on how to check whether your payment has been processed or not:

• Go to your Lazada seller account.
• Then the left side, click my account.
• Choose profile.
• After that select general.
• And choose seller account.

Once the payment has proceeded, you receive an email from the banking partner notifying you about your payment and Lazada settlement in progress. So once the payment has succeed, you can withdraw the payment directly and if you want to change your bank details information, you can take the following steps, such as:

• Step 1 – Go to your Lazada seller account.
• Step 2 – Then look at the left side and click my account.
• Step 3 – Choose profile and then click general.
• Step 4 – Select the bank account. In this section, you will need to input to complete all the bank details like your bank account name, your bank account number, your beneficiary bank name and also the bank swift number.

Read also : What is Lazada Cashback and How to Get It in Malaysia

When Will I Get Paid?

Beside a commission fee, there is also a Lazada seller tax that you need to pay. Your seller payout will be paid to your bank account. The question is how to know the amount of payout that will be paid to the seller bank account? Here is the way to check the total amount:

• Login to your Lazada seller account.
• Access the Lazada seller center and click finance in the left corner.
• Then choose the account statements and select the latest statement account. 
• After that, you will be able to see your payout amount under the statement detail.

Are you curious when you will get paid? Here are the notes you need to remember.

The Statement Cycle Starts Every Monday and Closes Every Sunday

The seller payout will be accumulated in a week starting from Monday and end in the sunday.

It Is an Electronic Statement

You will receive an electronic statement payout only so that there is no statement paper you will receive.

Lazada Pays Seller by The Next Working Mondays or Tuesdays

After the seller payout has been accumulated in a week, Lazada then will proceed the payment in the next monday or tuesday. 

Conclusion

Seller payout will be accumulated in a week and will be paid in the next week to their account as stated in their and you will get an email once the payment has been made.

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