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. 
Twitter: coeline
says:
@Nelle: hi! i was just explaining how I had a dilemma with that before. that was months ago, but it is all good now. thanks anyways! I was responding to Janis’s inquiry previously,
@celine and nelle
thanks to both of you guys. now i know what to do!
@celine
oh! akala ko kc everytime na magwithdraw ka meron charge na 250 eh, intindi ko dun sa mga comments sa taas!
so yung comment ko pala dapat is for Janis, sorry… baka kc isipin niya na isang option lang ang pede sa Eon Card niya eh.
Anyway, thanks for clarifying!
Twitter: coeline
says:
@nelle: no prob..
@janis
hi janis, i think makakatulong ito para maka decide ka kung alin sa dalawa ang gagamitin mo to verify your paypal
1. http://www.squidoo.com/verifypaypalphilippines
2. http://www.globalinfinityincome.ws/howto3
hi.safe ba gamitin ang paypal.i will send money to my friend,as payment,10 dollars lang naman.pero ang worry ko baka malaki ang mabawas sa acct ko.pls help me.new pa lang ako sa paypal.thanks.
Twitter: babybrownfox
says:
@mich,
For me its safe coz I’ve been sending and receiving money using Paypal for a long time and wala naman akong na encounter na problem regarding flawed security.
Send mo mo lang as Personal Payments if you’re sending from Paypal to Paypal verified accounts para walang kaltas.
check mo tong screenshot:
http://img149.imageshack.us/img149/3839/makesacmemoney.png
Hope that helps
pwede din ba gamitin ang CAD savings account ng BDO na pang widthraw sa paypal? eto blak ko gagawin ko, from paypal canada (in canadian dollar) send ko sa paypal pinas ni utol then withdraw nya sa savings nya (canadian savings account sa BDO). tnx!
i actually have both US-paypal and RP-paypal.
what i usually do when sending money to the philippines is thru payal-to-xoom transfer and claim it in USD in any philippine-accredited banks/outlets.
my question is: since i already have a US- and RP-paypal accounts, can i link any of the two directly to a philippine-bank dollar account (without passing thru xoom) so that it will still be in USD and not in PHP?
I have question, I withdraw my paypal balance but in a few days they told me that it was denied there is a problem in my account information
i was deducted Php250 i don’t know what to do? can anyone help me? i don’t want to deducted again of Php 250. i don’t want to waste my money
Twitter: coeline
says:
@anne: you can check your account number if that’s really the right one. For bank accounts, for instance, if you are using an eon account, the number is the 12-digit one. For credit cards, I think that’s the one with 16 digits. Also provide the bank code. You may refer to your bank’s specifications.
The reason why your funds were returned to you is because of a wrong bank account info. That happened to me before and so I referred to Union Bank’s guidelines i accordance to Paypal accounts. Either one of the numbers lang yan sa atm card mo. yung 12 or 16 digits. also make sure that you are choosing the right combination. either withdraw to credit card or withdraw to bank account (following the number you provided)
@celine i already used my Eon Card Before I bought something sa Ebay it work naman pero noon ng withdraw ako there’s problem daw sa bank account info ko. . . i also asked na rin un Unionbank they told me that there is no problem with my bank account information
Twitter: coeline
says:
@anne: nakapay ka na before using your paypal account? or nakareceive ka na? if so, and ngayon lang talaga nangyari yun sayo, maybe there’s a possibility na may nakaaccess na 3rd party sa account mo. may spyware ba ang pc mo? kasi before, my paypal acct was restricted because of a spyware. You may try consulting din paypal’s customer service, baka nga may nakaaccess sa account mo.
@celine nakapagpay at nakapagreceive na ako using my eon account. I dont know my spyware un computer pero nakadeep freeze cya walang anti virus. i just ask na the paypal customer service yesterday. ask ko lang have u tried to contact the paypal customer service? nagreply ba cla?
@celine nakapay at receive na ako using my eon account, i just email the paypal customer service yesterday. walang anti virus sa computer pero nakadeep freeze cya. have u tried to contact the paypal customer service? nagresponse cla sau?
Twitter: coeline
says:
@anne: yupp, i emailed paypal’s customer service and nagreply naman. marami raw causes yung nangyaring restriction sa account ko before. pwedeng may nakahack daw ng account ko. so they advised na I change my password at paypal and to verify my account again. Try mo rin contactin sila and I suggest na you check your PC for viruses or spywares. Mahirap na eh. As for me, that solved my dilemma before.
Twitter: babybrownfox
says:
@anne,
I was reading your post regarding yon issues mo with paypal and I would like to say something.
I have no problems so far with my paypal but yon tungkol sa problema mo I think you probably input wrong account details at yon paypal bank code for unionbank (010419995). For a complete list of Paypals Philippines bank code visit link
http://free-people-search.azulmundial.com/2009/11/29/how-to-withdraw-your-money-from-paypal-to-phillipine-bank/
Also try mo narin e scan yon pc mo for any virus of spywares. I use Avast and Malwarebytes for scanning. You might want to try them out.
@ celine i change ko nalng password ko and used a pc na may antivirus and spyware? pero nun ginawa u un ok na nag withdraw na money mo?
@ ray pag wrong ang bank code un can’t use eon cyber sa paypal? pero i used na my eon card sa payment and receiving money. it means wrong pa rin un bank code?
Twitter: babybrownfox
says:
@anne,
Payment and receiving is different from withdrawing money to your bank – ito din inisip ko nun when I started my online business adventure.
Check mo un paypal bank code ng Philippines on the list provided here http://free-people-search.azulmundial.com/2009/11/29/how-to-withdraw-your-money-from-paypal-to-phillipine-bank/
@ ray iedit ko na lang un bank account ko sa paypal?
@ ray ask ko lang un last 4 digit na my x-, un ba un last digit account number?
@celine @ ray I think i know na what’s wrong kasi i put sa unionbank ko eh un 16 digit mali ba un? dapat un 12 digit kapag magwithdraw? pero kapag payment eh un 16 digit ang gagamit? ask ko lang ilang days bago ko mareceive un withdraw ko?
Twitter: babybrownfox
says:
@anne,
I think that’s probably the reason why. It should be your account number details not the card number details.
I hope that solves your problem.
Come and check my blog at http://www.peoplesinfo.ws/blog where I show tips on making money online.
@celine @ray thanks!