How to Withdraw and Deposit Money from TapTap

Table of content:

About TapTap

TapTap is an application that is used for sending money to people abroad. The name ‘TapTap’ is based on what you do while transferring money via the app—you tap. Here, you can do TapTap money transfers to Asia, Africa, and the Caribbean at a very fast rate and at a very low cost. Learn TapTap (टैप टैप) Top Hacks For You To Play And Earn Money.

Conventional money transfer services available in the market take too much time and have limited reach to rural areas. They are also expensive. TapTap Send helps people transfer money quickly by providing cross-border services at a minimal cost. Also, Play On More Apps Like TapTap And Win Money: Learn The Details here.

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TapTap Send is also secure, having licences in the US, the UK, the EU, and Canada for dispatching money. Currently, TapTap money transfer is available in the countries shown in the image below, and the TapTap team is working rapidly to reach every nook and corner of the world. Get a complete guide on How To Download, Login, Sign In, Register On TapTap.

How can you withdraw your money from TapTap?

Withdrawing money in TapTap is similar to TapTap money transfer. Here, you withdraw or transfer money from your account to your family and friends.

Follow these steps to know how you can use TapTap Send to withdraw or transfer money:

Step 1: Open and log in to the TapTap Send application. (TapTap Send application is available in Android as well as Apple devices).

Step 2: On the welcome screen, choose the country to do your first TapTap money transfer and tap next.

Step 3: Next, enter the amount you want to transfer and tap next. If you have a promo or TapTap redeem code, add it and enjoy TapTap top up bonus credit on the app.

Step 4: Select the transfer method, enter your recipient's legal name, and tap next.

Step 5: Next, add the recipient's details.

Step 6: Now, add your details and tap next. This information is required only on your first money transfer.

Step 7: Next, add your payment option and tap ‘Send’.

Congratulations. Your TapTap money transfer is successfully done and delivered to your recipient.

How to make deposits on TapTap

You now know that TapTap Send is a money transfer application. So, you don’t need to make any deposits. Instead of making deposits or adding money, you need to add your address and debit card details.

So you can forget about depositing money, save time and avoid additional charges while sending money on TapTap.

What are the payment methods on TapTap?

When you have selected the amount you want to transfer to your recipients, you will be asked to choose your payment method.

Below are the payment methods that you can opt for while sending money:

  • You can send cash from your debit card to your recipient’s wallet. They will receive a confirmation text and can cash out at any nearby agent.
  • You can do mobile money transfers to MTN, Airtel, M-Pesa, Vodafone, HelloCash, and many more, depending on your country.
  • There are also bank transfers available in many countries like Kenya,  Nigeria, Ghana, Ethiopia, Bangladesh, among others.
  • Cash pickup transfers to City Express, Bkash, CashPlus, Orange, Wing, and Wizall.
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Terms and conditions for withdrawing money from TapTap

Withdrawing money on TapTap comes with certain tap tap send daily limit terms and conditions.

  • To lift the restrictions on your TapTap money transfer account, all users need to upload a selfie and any proof of identity that shows your name and your date of birth.
  • Add the recipient's details as required as TapTap Send reserves the right to know where you want to transfer your money.
  • TapTap asks you for information when you register for the services and may also ask you for information at other times to fulfil its legal requirements.
  • You must provide accurate and complete information to process any particular money transfer.

How to do bank account verification on TapTap

There is no need for bank account verification on TapTap. But, to be protected from money laundering and to ensure that the services provided by TapTap are safe, you will need to provide any of the following documents:

  • Front and back image of government-issued employment ID
  • Payslip of last three months, clearly indicating cash flow
  • Bank statement for one month from within the past three months
  • Any other document that will show your source of  income or wealth

How to do PAN card verification on TapTap

PAN card verification is not required on TapTap. However, as TapTap cares about the user’s safety in its services, users need to submit some documents. The documents accepted varies by region. They accept international passports.

The documents must be fully shown and in colour, bear your full name as registered in TapTap Send, and be readable.

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Withdrawal time on TapTap

Generally, the withdrawal time for the payment amount is instant on TapTap. Withdrawal or delivery time that is quoted on TapTap are representative of the average service and are not a guarantee of an individual service or TapTap money transfer time.

Withdrawal fees of TapTap

On TapTap, no fees for money transfers are charged outside fixed exchange rate corridors. Thus, when you approve a payment instruction, TapTap will notify you of the service fees to be charged (if any) and the applicable exchange rate that you will receive.

If TapTap charges any service fee, it may differ based on the amount you wish to send and the destination of you and the recipient.

What is the daily withdrawal limit on TapTap?

The payment amount you can send on TapTap depends on the country and the provider you send to. Also, for per TapTap money transfer, it has an internal limit of:

  • 2,000 EUR
  • 1,800 GBP
  • 2,000 USD (there is also a daily limit of 2,999 USD and a 14-day limit of 24,000 USD)
  • 999 CAD (there is also a daily limit of 9,500 CAD and a 14-day limit of 30,000 CAD).

You can find out more about the daily withdrawal limits for each region on the TapTap support page.

Why do withdrawal requests get cancelled on TapTap?

TapTap send may suspend, delay or cancel any withdrawal or money transfer request. The reasons include:

  • Failure to verify your ID (Identity)
  • Failure to validate your payment instructions
  • Failure to respond to any of the security alerts about your usage of the service or any particular money transfer
  • Due to system interruptions
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When will the withdrawal be processed?

On TapTap, the payment initiations get processed instantly, and more than 90% of the transfers are completed within five minutes. Also, you can check real-time alerts for the current transfer speed before you send money.

How to cancel a withdrawal request on TapTap

When you tap ‘Send’ on the confirmation page, it authorises TapTap to charge your payment instrument for the appropriate amount and provides consent for them to do so. After this, TapTap Send will instantly transfer the payout amount to the recipient, which would mean that you will not be able to place any cancellation request.

Thus, you cannot cancel a transfer once TapTap has received the payment instruction.

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FAQs

Question Answer
Are my card details safe on TapTap? Yes. Adding your payment information is stored securely with bank-level encryption.
Can I cover the MTN fees on TapTap? Yes, absolutely. The new feature in TapTap Send allows you to cover the MTN cash-out fees. It is calculated on the app, and you can add it to your transaction to ensure it gets covered, making it easy on the recipient side to cash out the entire amount sent by you.
Why do I need to verify my TapTap Send account? TapTap cares about the user's safety. So, every user who has made a few transfers on TapTap will need to verify the ownership of their account.
If there’s an issue in my transaction, how do I contact TapTap Send? For any issues on TapTap money transfer, you can write to the support team at this email address: [email protected].
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