How to Transfer Money From Daraz Wallet (To Other Accounts)

daraz shopping app

You cannot transfer money from Daraz Wallet to Easypaisa or JazzCash as they are not included in the list of available banks listed on Daraz. However, you can transfer money to your bank account and then transfer to your Easypaisa or Jazzacash accounts.

Daraz is the biggest ecommerce marketplace in Pakistan. It was founded in 2012 by Rocket Internet. The platform connects customers to sellers and has incorporated several features to make online shopping easier.

One such feature is the online payment system – Daraz Wallet. This wallet allows users to make payments digitally and remove the hassle of cash on delivery (COD). I have used Daraz to buy almost every category of items and have generally used the Daraz wallet or Easypaisa payments to pay.

In this article, I will highlight how users can get their money from their Daraz wallet and whether they can transfer money directly to their Easypaisa or JazzCash accounts.

Can You Transfer Money From Daraz Wallet?

Yes, you can easily transfer your money from your Daraz wallet. However, you can only withdraw your refunded amount from order cancellations.

Daraz wallet allows users to deposit their money directly into the wallet, which they can use to pay for their purchases.

However, users cannot withdraw their deposited amount from the wallet in any way. Only the refunded amount can be withdrawn from your Daraz wallet to your bank account.

The refunded amount is the repaid money users receive in their Daraz wallet when their order gets canceled or refunded. The refunded amount is available in their wallets to be withdrawn or spent on other items.

Can You Transfer Money From Daraz Wallet to Easypaisa or JazzCash Account?

Unfortunately, Daraz users cannot withdraw money to their Easypaisa or JazzCash accounts. This is because Daraz allows withdrawals only to listed commercial bank accounts. Since Easypaisa and JazzCash are not full-fledged banks, Daraz does not serve their users.

You can only transfer your money via your IBAN directly to your bank account.

What Banks Are Included in the List of Available Banks?

The following is the list of available banks for Daraz refund withdrawals:

  • Al Baraka Islamic Bank
  • Allied Bank
  • Askari Bank
  • Bank Al Falah
  • Bank Al Habib
  • Bank Islami Limited
  • Bank of Punjab
  • Burj Bank Limited
  • Dubai Islamic Bank
  • Faysal Bank
  • Habib Bank
  • Habib Metropolitan Bank
  • JS Bank Limited
  • MCB Islamic Bank
  • MCB Bank
  • Meezan Bank
  • Nib Bank
  • Samba Bank
  • Silk Bank
  • Sindh Bank
  • Soneri Bank
  • Standard Chartered Bank
  • Summit Bank
  • Tameer Bank
  • United Bank Limited

Users having a bank account in these banks will be able to withdraw their money to their accounts. And then, they can choose to transfer the money to their Easypaisa or JazzCash accounts at their discretion.

How to Transfer Money From Daraz Wallet to Your Bank Account

You can transfer your money by opening the Daraz app and withdrawing the available amount to your bank by providing IBAN.

To transfer your withdrawal amount to your bank account, follow these steps.

Open your Daraz app and click on the Account tab at the bottom-right of the page.

daraz shopping app

Scroll down to the Daraz Wallet section and click on the Top Up button.

You will see this page. Click on the Details tab.

daraz shopping app

Here you can see your available balance and withdrawal amount. Click on Withdraw.

daraz balance details

On this page, select your bank and enter your IBAN and account holder name. Click on Withdraw.

daraz withdraw

You will see the following screen. Choose any method to verify your transaction. You will receive a security key which you should enter to proceed.

daraz security verification

Your money will be deposited in your bank account after processing.

Now, having money your have withdrawn from Daraz Wallet to your bank account, you can transfer it either to Easypaisa or Jazzcash.

Other Types of Money Transactions via Daraz

Daraz also enables users to top up their mobile loads or buy mobile packages. Users can also use their withdrawal amount from their wallet for mobile top-ups.

Daraz.pk is like the Amazon of Pakistan. With almost every item available, the platform is flooding with buyers all the time. Apart from the withdrawal method, I have also used the mobile top-up features of the app, and I have not been disappointed so far.

Mobile Top-Ups

Mobile top-ups involve loading your sim card balance or paying for mobile bundles and packages. Daraz lets users purchase mobile packages or top up their prepaid or postpaid sim cards via the Daraz wallet.

Open your Daraz app and navigate to the My Wallet section as before. Click on the Mobile Top-Up option.

On this page, enter your mobile phone number.

daraz quick top up

After entering your number, the following screen will appear. Select your sim operator to proceed.

daraz quick top up mobile operator

Now, select your prepaid, postpaid, or mobile package and click on Top UP Now at the bottom.

daraz top up now

Select payment via Daraz Wallet. You can also choose to pay via card, Easypaisa, or JazzCash. Click on Pay Now.

daraz wallet payment method

Your payment will be processed, and you will receive confirmation of the successful mobile top-up.

daraz wallet order received

The Bottom Line

Daraz is one of the few ecommerce platforms in the country. The app has revolutionized the online buying industry in Pakistan and is constantly offering new features to its users.

Users can easily transfer their refunded money from their Daraz wallet to their bank accounts via IBAN transfer. However, transfers to Easypaisa and JazzCash are not supported by Daraz wallet.

Hopefully, Daraz will incorporate new changes, and transfers to these digital wallets will be available soon. Moreover, since Easypaisa and JazzCash are vying for a fully digital bank license, they might soon be added to the list of available banks on Daraz wallet. 

More Useful Articles About Digital Banking in Pakistan

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