Here’s another way of getting your Paypal funds into one of your credit cards here in the Philippines. I initially thought this method would before but only got confirmation about it from Citibank just yesterday.
It seems that only Visa credit cards are allowed to be added into your Paypal account. Not surprising since Paypal has it’s own Visa credit card. Maybe a partnership with the credit company.
So there are two ways to get your money from your Citibank credit card account after you’ve made a fund transfer from your Paypal account:
- Get your money via “Cash Advance“. Be reminded though that cash advances carries a fee (I think 6%) and a monthly interest rate (if you have a running payable balance).
- Request an “Over-Payment Cheque“. This does not entail any additional charges, fees or interests. Just go to your nearest Citibank branch and request for the cheque for your account.
The Cash Advance route may not be practical as it has some charges. Still, it’s one of the fastest way to get your funds as you can use your credit card to withdraw the cash on any partner ATM. The cheque route is least expensive (no charges) but may take some time to actually encash.
Update: Jeffrey adds in the comments that MasterCard is also allowed with Paypal. The eBay website also links to more details about the Visa credit, debit and prepaid card support.