How to Withdraw Money from Shopee Seller Centre PH?

Withdrawing your Shopee Seller Centre Balance is important because everyone knows that you can generate income from selling online. Money can be made from online transactions and it is one of the good things brought to us by technology. In Shopee, this concept is not new at all as there is a feature called Shopee seller balance. This feature helps merchants to know and keep track of their balance better and more efficiently.

The Shopee seller balance can of course be withdrawn. Read below to find out more about how to do it, guidelines, as well as expiration. 

Start Selling Online in Shopee

In Shopee Philippines, there are plenty of options for people to sell their products. Now that we are all housebound, customers are eager to shop online. Don’t hesitate to use this unique opportunity to sell on Shopee. Now is the time to start selling in Shopee Philippines.

A part of Shopee University, Shopee Education Hub offers you access to all of the seller lessons. All lessons are completely free and available to everyone. There are just some things you need to learn from the videos, pay attention, and truly absorb. Shopee has many instructional manuals that will provide you access and assist you in getting started with selling.

What is Shopee Seller Balance?

Seller Balance’s straightforward revenue tracking and store progress overview features allow you to consolidate all of your sales in one place. The payments do not include delivery fees, discounts, Shopee Coins, or other extra fees.

Your ShopeePay balance remains. The password you use to access your Seller Wallet is the same as the password you used to access your Shopee Wallet. To avoid Shopee being penalized, the amount in Seller Wallet can’t be moved or used to pay for Shopee orders.

How to Withdraw Money from Shopee Seller Balance?

You can withdraw the money in your Seller Balance in two ways: Automatic Withdrawal or Manual Withdrawal. It will take between 2 and 5 business days for the funds to be deposited and appear in your bank account.

Withdrawing your seller balance is a normal thing in Shopee. As soon as Shopee Guarantee releases the money to you from the customers, you are able to get full ownership of the money and this is how you increase your Shopee Seller Balance. Here are the steps to withdraw the said balance: 

Step 1: Go to the “Me” tab on the lower right corner of your screen when using mobile, and upper right corner when using the website. 

Step 2: You will see a Seller Balance option and you need to click the button. Afterwards click the “Withdraw” option under the Seller Balance. Before this you must know how to withdraw money from Shopee seller to GCASH and other e-wallets or banks.

Step 3: Input the bank where you want your balance to be deposited in. Then enter the amount you want to withdraw to your bank account, and finally, click the “Confirm” button. This will put your Shopee withdrawal in progress. 

Step 4: Double check the details that you inputted. Make sure that you put the right bank account number and details. Also check for any typo errors and spelling mistakes to avoid any complications in the transaction process.

Step 5: Lastly, to safeguard everything, you will need to input your Seller Balance PIN. Make sure that you DO NOT share your PIN with anyone because your balance will be at risk of being stolen or miscalculated. 

Seller Balance withdrawals are limited to one a week. You will be charged an additional Shopee withdrawal fee Philippines worth Php 15.00 for every withdrawal you make after the first of the week. You can take money out of your Seller Balance by doing a self-initiated withdrawal to your bank account. The amount you can withdraw is restricted to the amount of your Seller Balance available at the time of withdrawal.

There are more things that you can learn with this Shopee feature like how to transfer Shopee seller balance to GCASH or how to transfer seller balance to ShopeePay.

How Long Does it Take to Withdraw from Shopee Seller Balance Into Your Bank Account? 

Funds will take about 2-5 business days to arrive in your bank account once you request a seller withdrawal. Shopee will execute withdrawals of funds on Tuesday evening each week.

Shopee withdrawal time is before 11:00 AM. Shopee will conduct the withdrawal on the same day if you requested a manual withdrawal. Manual withdrawal requests submitted after 11:00 AM will be handled the following business day evening. Requests for weekend and holiday withdrawals will be fulfilled on the next working day.

Keep in mind that when withdrawing funds, they may take 2-5 working days to be displayed in your savings account.

In order to be certain that your account information and account name match, you should make sure that your bank account and account number match. Try to avoid including these special characters, otherwise it will be Shopee withdrawal failed:

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Manifest Efficiency with Ease on Shopee with Ginee

Even with knowledge and mastery of the ecommerce platform that is Shopee, running an online store efficiently can still be quite the headache even for seasoned merchants. While there are a lot of tips and tricks you can use to make business management marginally easily, it’ll likely still be time consuming and draining, making the whole process unsustainable. Luckily, Ginee understands these problems and has the tools that’ll help you.

Ginee provides its clients with business tools that’ll help any online seller handle all their problems and challenges with ease. From data analytics tools to product management systems, with Ginee you’ll be running your business stress-free in no time. Sign-up with Ginee today and try out the optimization tools that’ll help you achieve business success in no time.