Lazada Malaysia provides sellers with a variety of payment methods. This article provides a detailed introduction to Lazada Malaysia’s payment methods.
Lazada Malaysia seller payment methods:
Online payment gateway: Lazada works with multiple payment gateways, including the most popular payment gateway in Malaysia. Sellers can choose their own payment gateway and set it up on the Lazada platform. When the buyer completes the order through online payment, the money will go directly into the seller’s payment gateway account.
Bank transfer: Sellers can choose to transfer funds to their bank account. Lazada will provide a virtual account that sellers can set up and link their own bank account information on the Lazada platform. Once the buyer completes the payment, the funds will be automatically transferred to the bank account specified by the seller.
Lazada Wallet: Lazada also provides an internal wallet system called Lazada Wallet. Sellers can choose to deposit money into the Lazada Wallet and then withdraw it to their own bank account when needed. This can provide faster fund transfers and facilitate sellers to manage fund flows.
How long does it take for Lazada Malaysia sellers to receive payment:
Lazada Malaysia usually transfers the payment to the seller after the buyer confirms that the goods have been received and is satisfied. However, the specific payment time will be affected by various factors, including the following:
Order status: Sellers need to ensure that the order status is “shipped” or “completed” before applying for payment. Once the order status meets the requirements, sellers can apply for payment on the Lazada platform.
Review time: Lazada usually reviews the seller’s payment application. The review time varies depending on the situation and is generally completed within 1 to 3 working days.
Payment cycle: After the review is passed, the funds will be transferred to the seller’s account within a specific payment cycle. The specific time of the payment cycle depends on the seller’s choice and Lazada’s policy, usually once or twice a week.
The above is a detailed introduction to Lazada Malaysia’s payment methods. In addition, it should be noted that sellers need to comply with Lazada’s regulations and policies when selling on the Lazada platform. Violation of regulations may result in delayed payment or other problems.