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. ;)
ai inde dennison wat i mean is bpi debit card.
@bee120805 refer to comment #52 “I used and verified my BPI Express Credit Card (Mastercard) just now.”
guys how bout bpi express international?yung debit card pwede ba yun?or yung smart money?
@marhgil
wow that’s great! definitely good news for HSBC peeps. sana lang pwede syang ma-withdraw as cash and not be credited as an advance payment.
Two words: ALL RIGHT! :)
HSBC Visa Credit Card is accepted, and withdrawal of fund is enabled. I just don’t know how I will withdraw it, some people say it will be credited as an “advance payment.” I still need to check how it really works.
so has anyone successfully used HSBC Visa with Paypal? Unionbank EON lang ba talaga ang pwede for withdrawals?
Hello!
I have a verified BPI Express Credit (Mastercard) Premier account with Paypal. Unfortunately, I am informed by Paypal that the card cannot be used to withdraw funds to.
Anyone else with similar experiences? Any suggestions?
I used and verified my BPI Express Credit Card (Mastercard) just now.
@Slow, From what I understand, the eon card transactions can be viewed online. You just have to have them activate the online account option. Correct me if i’m wrong guys.
Also, has someone already withdrawn a Payment from Paypal? As in withdrawn the money afrom a debit card here in the Philippines?
I used to have an Equitable Visa Electron, but I don’t know if that’ll work given its merger with BDO. Ok sana yun kasi walang charges.
Thanks for the info guys. Will see to getting an EON card soon. If anyone can give other debit cards na pwede, thanks :)
If you guys want to get a credit/debit card just for the sake of paypal withdrawals…
I suggest that you just get a debit card rather than a credit card, Unionbank EON electron visa debit card’s annual fee is 350 pesos only, imagine how much is the annual fee for a credit card
Wow! That’s great. I now no longer need to disturb my friend from US for processing the payments.
@charles: You will see the 4-digit security code from Paypal thru your EON online banking facility days after you made the transfer of US$1.95 or so. I think, I saw my 4-digit Paypal code after 15 days of the transaction.
So ano maganda gamitin? EON or BDO ATM Card? I am confused…I have a friend who said na EON does not give the bank statement required to verify the account…How about BDO?
Pedi ba? Please help!
Hi guys. This is good news to filipino bloggers.
I’ve just encountered problem in verifying my Unionbank Eon Visa electron debit card. I already added this card to my paypal account. Paypal charge $1.95 but it will be returned or be credited to your paypal account once you’ve verified your debit card in paypal. the problem is in my unionbank eon online checking of my transactions,I can’t see the paypal 4 numbers that can be located in the transaction details of description where the $1.95 is deducted.
Anybody here, successfully verified your unionbank EON visa electron debit card in paypal? how did you obtain the 4 numbers from paypal?
has anyone been successful enrolling an HSBC Visa credit card?
Do you think we can use the PayPal Plus Credit Card here in the philippines?
Hiya guys,
Finally Philippines, Malaysia and most asian countries are able to withdraw from Paypal.
Congrats to you and happy making money. I now can concentrate on helping others with their clickbank problems. :)
Check out my blog for more info
Matt Ng
Im thinking about using a SMART MONEY for paypal verification? pwede ba yun SMART MONEY?
What type of account did you open guys? pagkakaalam ko kasi ang personal is limited..