Comments on: The mysterious Php200 Paypal Withdrawal Fee

By: rea

rea — Wed, 09 Nov 2011 02:17:24 +0000

hello good morning i have international card ,the brand is cirrus in maestro…my money in my savings is 8,000 i try to withdraw 7,500 but does not release …then i try to withdraw again 5,ooo next 2,000 ,,i have recieve a recipt which is 400pesos deduction since i access and withdraw two times…but the problem is i cannot get my balance 500 … is it true that the deduction in international card is 1,000 php

By: Johnny Cagasan

Johnny Cagasan — Thu, 01 Sep 2011 14:20:11 +0000

I try to apply paypall and use my smartmoney but they will not accept my smart money card only Credit Card, Any suggestion how to apply paypall using smart money card for withdrawal. Thanks.

By: Ryan

Ryan — Sun, 28 Aug 2011 12:53:32 +0000

USE SMARTMONEY TO WITHDRAW PAYPAL FUNDS USE SHIFT CODE OF BDO THANKS

By: franco

franco — Sun, 24 Apr 2011 10:37:06 +0000

I use EON for 1 and a half year and i see no problem on my account withdrawal….

By: Girard Andrew

Girard Andrew — Sun, 05 Sep 2010 18:47:49 +0000

Although PayPal does not charge for fund transfers to BDO accounts (referring to P7,000 and up), BDO charges P200 for the transfer transactions.
I guess I need to explore other options. I heard Unionbank does not charge a fee.

By: Brian

Brian — Tue, 31 Aug 2010 04:59:16 +0000

Wow! nag google ako at ito itong site ang lumabas

Anyway, ang problem ko naman is bakit ang baba ng exchange rate ng paypal kesa sa mismong banko natin dito sa pinas. Nag withdraw ako ng $100 to metrobank dati at 43 lang ang exchange rate ng paypal eh 45 ang sa metrobank. Ilang days nanaman ang dumaan at withdraw ulit ako ng $300 papunta metrobank, ganun parin mababa parin exchange rate ng paypal. Ano yun protection ng paypal dahil fluctuate ang dollar? Kahit ba magopen ako ng dollar account eh dedeposit ba ng paypal eh pesos parin?

@k_mae – hi ^_^ try mo post ng resume mo sa Onlinejobs.ph, 1st try ko sa online outsourcing is sa forums.digitalpoint.com sumasali ako sa mga contest dun (graphics & logo design) tapus may amerikano nag contact sakin, heto ako now full time sa amerikano. pay nya ako $20/day. tapos iba pa yung mga sideline ko. tapos nag post ako ng resume sa onlinejobs.ph tapos may 3 amerikano nag email at kumukuha sakin, kaso isa nalang ang kaya ko, pinili ko yung parttime. Bale ang work ko now is isang Fulltime($20/day) isang parttime($60/week) at mga sidelines…Try mo ^_~

By: jun

jun — Thu, 01 Jul 2010 23:30:23 +0000

siguro nga.. dapat pag mag widthdraw tayo sa paypay.. eh mag ipon muna tayo ng funds bago natin ma withdraw.. lugi ka kasi pag less $100 yung withdraw mo.. pag mas malaki.. mas ok .. mas mababa compare kung ang gagamitin eh xoom..

By: k_mae

k_mae — Sat, 27 Feb 2010 16:08:28 +0000

hi guyz! i was just wondering what do u do and where do you guyz work to get paid from paypal? i am a fresh graduate and i would like to have a part time job while waiting to have a full time job. thank u.

By: The Webmechs Press » Withdrawing USD from Paypal account

The Webmechs Press » Withdrawing USD from Paypal account — Sun, 07 Feb 2010 18:23:37 +0000

[...] But… the withdrawal has to take place in PHP, which means your USD will be converted into PHP before being deposited to your account. Currently, you cannot withdraw USD even to a Philippines based USD account. Unfortunately, the exchange rate Paypal uses is terrible (2% supposedly). See http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/ [...]

By: Nick

Nick — Mon, 15 Sep 2008 10:20:37 +0000

Hmm, I came across this looking to see if anyone else noticed a recent change in the PayPal withdraw function.

I went to do the normal withdraw to credit card the other day and forgot all about the increases in the exchange rate, but what I found was nice. For starters, PayPal now does the automatic conversion from USD to PHP before the withdraw is even sent to the bank. Furthermore, the $5 charge is no longer $5 but it is P200 flat.It is nice seeing the actual exchange rate PayPal is sending the money to the account as well as seeing the credit card withdraw fee in Pesos.

-Nick

By: rhuby

rhuby — Fri, 22 Aug 2008 19:01:33 +0000

hello, im currently working in one of our local banks mentioned above, as far as i know, hindi siya hidden charges, everytime u withdraw kc from any other bank aside from ur own bank (e.g. metrobank to bpi or vice versa), especially if ur card is an international one ( with logo of cirrus, maestro, plus, mastercard, visa, amex etc.) normally $3.50 ang withdrawal fee, plus pag nag balance inquire ka pa, another $1.50 pa un, multiplied by conversion rate for that day. so since nag out ka ng funds mo, considered w/wal din cia. AND hindi ang local banks ang kumikita dun, but the networks like mastercard, visa and the like, though ang alam ko, may certain commission lang ang local banks but very minimal lang ciempre, for the cost of using their atm machines.

By: Jehzeel Laurente

Jehzeel Laurente — Fri, 15 Aug 2008 20:24:49 +0000

@karla – nag withdraw na ako sa BPI at may hidden fee din, pero di ko nalang pinansin.. mga 200+ din cguro hehe

By: Jihan

Jihan — Sun, 06 Jul 2008 23:45:01 +0000

Just wanna know if what BDO account u used to link on ur paypal? Is it the credit card or the BDO ATM debit account (with mastercard logo)? Mine is the latter but always get denied by paypal…. what seems to be the problem? so frustrating…

as of the P200 mystery lost from making money transfer via BDO…i heard it’s their flat rate charge for online transactions…same as to China Bank.

By: aytako

aytako — Sat, 31 May 2008 02:05:46 +0000

http://paypalsucks.com/PayPalFormerEmployee1.shtml

paypal truth

By: Hidden fees in some Philippine Banks with PayPal | Random Batch

Hidden fees in some Philippine Banks with PayPal | Random Batch — Thu, 08 May 2008 10:03:25 +0000

[...] them here, BDO (Banco de Oro) and China Bank. If you want some more info then you can visit this blog and find out some more info. Do you like it? Why not let the world here it?Bookmark and Share This [...]

By: Hidden fees in some Philippine Banks with PayPal « Angelo on Wordpress

Hidden fees in some Philippine Banks with PayPal « Angelo on Wordpress — Sat, 03 May 2008 08:58:48 +0000

[...] Hidden fees in some Philippine Banks with PayPal I am searching a while ago for some stuff and I found a link of a blog who owned by a Filipino and there is a post about hidden charges of banks when withdrawing from PayPal. They are charging Php200 pesos for every PayPal withdrawal. Why are there a hidden charge? Where is Php200? In fact there are less than the amount of money withdrawn from PayPal because PayPal is charging every transaction a Php50 for every withdraw to bank method. As for this bank, I will name them here, BDO (Banco de Oro) and China Bank. If you want some more info then you can visit this blog [...]

By: Angelo

Angelo — Sat, 03 May 2008 07:54:59 +0000

Unionbank hasn’t made any deduction as for me so far.. I already withdrawn money several times and the only deduction is the Php50 of PayPal..

By: PIng

PIng — Mon, 07 Apr 2008 07:09:20 +0000

I guess it’s better to withdraw to UnionBank. Never experienced the P200 deduction, so far.

By: Head Geekette

Head Geekette — Sun, 02 Mar 2008 12:17:02 +0000

@sherwin Banks also accept Postal IDs. Getting one is actually easy. Just go to your resident city’s post office and ask how to avail of one. A GSIS or SSS card is also acceptable.

Nowadays, a lot of banks and even some shopping malls now ask for two IDs instead of just one to confirm your identity. Getting that postal ID will actually help in the long run.

By: sherwin

sherwin — Fri, 22 Feb 2008 03:29:26 +0000

Paypal to Metrobank withdrawal last Monday with the amounts of $200=7K+. P76.7 was deducted. mas mababa ng 0.70-0.80 ang exchange rate.

sa akin ok na yun, wala akong eon eh, hindi binigay yung card ko, I need to present 2 valid IDs daw. kaso driver license lang meron ako at original marriage contract and birth certificate pero gusto nila galing pa ng NSO. ganun sila ka higpit sa isang debit card na wala namang laman at babayaran ko pa.

By: karla

karla — Sun, 17 Feb 2008 15:16:57 +0000

thanks for the tips everyone. so, I’d rather get myself an EON account.

By: Paypal Exchange Rates: Bank or Credit Card? | YugaTech | Philippines, Technology News & Reviews

Sun, 17 Feb 2008 03:53:25 +0000

[...] we can now compare both transactions via direct bank deposit or credit [...]

By: Gloria

Gloria — Sun, 17 Feb 2008 02:52:57 +0000

in that case – and the fact that the USD to PHP conversion of paypal is too low, I’d rather use the withdraw to card option wherein my local card provider will convert my paypal funds based on their current conversion rate.

By: jangelo

jangelo — Sun, 17 Feb 2008 02:13:38 +0000

That depends on your bank. I think it’s the usual bank transfer fee when one transfers from a foreign-currency deposit account to a PhP account. Some banks, I think, even charge PhP 500. Some charge lower (like Metrobank).

By: Andre

Andre — Fri, 15 Feb 2008 20:09:49 +0000

I transferred 5k from my PayPal to Union Bank account, sent on 2/11, received on 2/14. Pretty quick.

By: ana.banana

ana.banana — Fri, 15 Feb 2008 11:12:01 +0000

same here. it was around Php150 – Php200… on my BPI express cash account.

By: ChrisMo

ChrisMo — Fri, 15 Feb 2008 09:33:25 +0000

hmmm… Same thing for bdo, and when you talk to their info desk, they can’t even muster PayPal. I’m just happy my eon card just got here today. Let me try this one…

By: marhgil

marhgil — Fri, 15 Feb 2008 06:33:01 +0000

same thing happened with my Paypal to BDO withdrawal, 200 pesos was deducted.

By: Liz

Liz — Fri, 15 Feb 2008 04:15:54 +0000

True, BPI has hidden fees., naloka ako sa kaka-calculate. So I go back to EON, at least dun clear na 5$ lang ang fee.

By: Joni

Joni — Fri, 15 Feb 2008 02:18:25 +0000

I withdrew funds to two separate local banks (BPI and Chinabank) with amounts of more than 7K and both times there was a discrepancy of 200 pesos.

I wonder where my 400 pesos went.