Sign up for Paypal in the Philippines!. You can withdraw an amount not exceeding $500 per month to any debit, credit card or directly into your Philippine bank accounts. You will just need the bank codes and savings account number.
At long last, Paypal’s promise to allow receiving funds into Philippine accounts have been fulfilled. Just today, reports have been circulating in the previous post here about the development.
I did a money transfer from an old and verified Premier account into my new Philippine Paypal account and it works. From the Paypal Help Pages, the Philippine flag is now displayed under “Send. Receive. Withdraw to a U.S. Bank Account or a card.” along with 22 other countries.
The new status allows for: Send and receive payments in these countries. Withdraw from your PayPal account to a U.S. bank account. In addition, withdraw to a credit, debit, or prepaid card in countries marked with a (
). No withdrawals from local banks still though. And no cheques too.
I believe this development will further push activity in eBay Philippines as well as enable eBay users to get more secure transactions. The question whether eBay PH will start charging monthly subscriptions is yet to be seen but I suppose that time might have already matured.
It would be very interesting to see how this new development will affect the local e-commerce industry as well as Filipino’s socio-cultural fear of transacting online. I’m sure SMEs will be very happy with this though. Paypal only started allowing Philippine-based accounts about 11 and a half months ago and reports of a rumored full Paypal support were spreading 9 months ago.
So, if anybody wants to donate money to the YugaTech Sponsor-a-Contest campaign, see my Paypal account above. 
Other Websites: www.sendmethecard.com from Chase Bank
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guys how bout bpi express international?yung debit card pwede ba yun?or yung smart money?
@bee120805 refer to comment #52 “I used and verified my BPI Express Credit Card (Mastercard) just now.”
ai inde dennison wat i mean is bpi debit card.
That’s good news po!
however, how do I receive funds from my pay per post and blogsvertise account? They are asking for my papypal id. Is the paypal id the email also?
P.S I’m a premiere paypal account holder. Blogvertise send me $20 last july but it’s not yet reflecting on my paypal po.
Thanks!
This is really great news. Amazing!
Can Unionbank’s Eon card be used to verify the PayPal account?
Thanks.
I know, Chinatrust regular savings account with a minimum depost of P5,000.00, offers a Visa Debit and ATM card.
I was thinking of opening an account to Unionbank just for the use of paypal withdrawal but i read that their minimum balance is P 10,000.00.
I have an existing BDO account, its International ATM mastercard electron card didnt work when i tried to register it to Paypal. And so, i called the BDO call center to in inquire if its possible to apply for the BDO Mastercard paypass ATM instead. Yes it is. I just need to go to my branch and pay P 100.00. It this card will not work as well, then, i guess, that’s the time that i will open an account to Chinatrust.
This is really a Good News to all of US.
Pros
We can now withdraw using EON Cyber Account.
Visa rocks, I dont know with mastercard.
Cons
Liit naman ng withdrawal limit nila per day
$500 lang taz $5 ung charge. Huhuhu
To katya_alex:
You can use Unionbank’s EON Cyberaccount. It is not the same as Unionbank’s regular savings account. The maintaining balance, initial deposit, and other features are different.
It appears that EON can be used to verify. I reread the entries above. I hope someone can second it. Can’t wait to have my PayPal verified with EON! =)
@Clarise
Yes I can testify that EON CyberAccount can be verified in PayPal.
Try nyo ang E-ON ng Union Bank… it works… me charges nga lang ung pag transfer ng fund… pero it works…