Comments on: The mysterious Php200 Paypal Withdrawal Fee http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/ Philippines, Technology News & Reviews Sun, 08 Nov 2009 11:24:10 +0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Nick http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-249100 Nick Mon, 15 Sep 2008 10:20:37 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-249100 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 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-247477 rhuby Fri, 22 Aug 2008 19:01:33 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-247477 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. 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-246814 Jehzeel Laurente Fri, 15 Aug 2008 20:24:49 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-246814 @karla - nag withdraw na ako sa BPI at may hidden fee din, pero di ko nalang pinansin.. mga 200+ din cguro :) hehe @karla – nag withdraw na ako sa BPI at may hidden fee din, pero di ko nalang pinansin.. mga 200+ din cguro :) hehe

]]> By: Jihan http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-240490 Jihan Sun, 06 Jul 2008 23:45:01 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-240490 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. 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-220426 aytako Sat, 31 May 2008 02:05:46 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-220426 http://paypalsucks.com/PayPalFormerEmployee1.shtml paypal truth http://paypalsucks.com/PayPalFormerEmployee1.shtml

paypal truth

]]> By: Hidden fees in some Philippine Banks with PayPal | Random Batch http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-219104 Hidden fees in some Philippine Banks with PayPal | Random Batch Thu, 08 May 2008 10:03:25 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-219104 [...] 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 [...] [...] 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-218768 Hidden fees in some Philippine Banks with PayPal « Angelo on Wordpress Sat, 03 May 2008 08:58:48 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-218768 [...] 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 [...] [...] 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-218765 Angelo Sat, 03 May 2008 07:54:59 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-218765 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.. 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-217477 PIng Mon, 07 Apr 2008 07:09:20 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-217477 I guess it's better to withdraw to UnionBank. Never experienced the P200 deduction, so far. I guess it’s better to withdraw to UnionBank. Never experienced the P200 deduction, so far.

]]> By: Head Geekette http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-215223 Head Geekette Sun, 02 Mar 2008 12:17:02 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-215223 @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. @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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-214687 sherwin Fri, 22 Feb 2008 03:29:26 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-214687 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. :) 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-214398 karla Sun, 17 Feb 2008 15:16:57 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-214398 thanks for the tips everyone. :) so, I'd rather get myself an EON account. :D thanks for the tips everyone. :) so, I’d rather get myself an EON account. :D

]]> By: Paypal Exchange Rates: Bank or Credit Card? | YugaTech | Philippines, Technology News & Reviews http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-214364 Paypal Exchange Rates: Bank or Credit Card? | YugaTech | Philippines, Technology News & Reviews Sun, 17 Feb 2008 03:53:25 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-214364 [...] we can now compare both transactions via direct bank deposit or credit [...] [...] we can now compare both transactions via direct bank deposit or credit [...]

]]> By: Gloria http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-214361 Gloria Sun, 17 Feb 2008 02:52:57 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-214361 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. 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-214360 jangelo Sun, 17 Feb 2008 02:13:38 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-214360 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). 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 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-214270 Andre Fri, 15 Feb 2008 20:09:49 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-214270 I transferred 5k from my PayPal to Union Bank account, sent on 2/11, received on 2/14. Pretty quick. I transferred 5k from my PayPal to Union Bank account, sent on 2/11, received on 2/14. Pretty quick.

]]> By: ana.banana http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-214247 ana.banana Fri, 15 Feb 2008 11:12:01 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-214247 same here. it was around Php150 - Php200... on my BPI express cash account. same here. it was around Php150 – Php200… on my BPI express cash account.

]]> By: ChrisMo http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/comment-page-1/#comment-214234 ChrisMo Fri, 15 Feb 2008 09:33:25 +0000 http://www.yugatech.com/blog/the-internet/the-mysterious-php200-paypal-withdrawal-fee/#comment-214234 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... 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…

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