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Tag: paypal philippines

September 26, 2008

List of Banks with Paypal Withdrawal Fees

Until now, I’m not sure what that Php200 charges most banks deduct from Paypal withdrawals. That’s on top of the Php50 for withdrawals less than Php7,000. And we all thought any amount beyond that would be free of charge.

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Tag: paypal philippines

September 14, 2008

Paypal Subscription Payments now available

Last Friday, I was able to meet up and have a short meeting with Paypal’s Head of Asia Merchant Services based in Singapore and discuss some important developments both in the state of local e-commerce and the role Paypal wants to play in the market.

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Tag: paypal philippines

July 17, 2008

Paypal Users get Seller Reputation Status

One of the basic security features of Paypal is the Seller Reputation Status and Philippine Paypal users are now provided with one.

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February 27, 2008

On eBay & Paypal’s presence in the Philippines

Yesterday, I had a short 15-minute one-on-one interview with reps from eBay South East Asia who flew in from their regional headquarters in Singapore to answer some questions for the media on eBay’s expansion in the Philippines.

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Tag: paypal philippines

February 17, 2008

Paypal Exchange Rates: Bank or Credit Card?

This was a question I’ve been very curious to know ever since Paypal allowed direct withdrawals to local banks and via credit card. This week-end, my CC bills arrived so I’m able to compute the going exchange rates for both withdrawal methods.

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Tag: paypal philippines

February 15, 2008

The mysterious Php200 Paypal Withdrawal Fee

The recent Paypal withdrawal feature got everybody thrilled especially that bank fees are practically free for amounts greater than Php7,000 (and it’s only Php50 if less than that.) Never mind the lower exchange rates as that’s the only way banks benefit from this setup with eBay/Paypal.

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Tag: paypal philippines

January 30, 2008

Philippines & Indonesia gets Local Bank Withdrawals from Paypal

Paypal members in the Philippines and Indonesia gets a very early new year’s treat with the introduction of direct local bank withdrawals made effective yesterday. I an email announcement to all users on both South-East Asian countries, Paypal will now accept funds in their respective local currencies.

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Tag: paypal philippines

October 31, 2007

Withdraw Paypal Money from your Citibank Credit Card

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.

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Tag: paypal philippines

September 28, 2007

Send & Receive payments via Paypal in the Philippines

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.

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Tag: paypal philippines

December 10, 2006

Full Paypal Support in 2007

Dustin Cheng reports in his blog that eBay promised full Paypal functionality in the Philippines by 2007.

Another interesting query came from another eBay veteran who suggested that since PayPal is coming next year ( YES! eBay & PayPal promised that full PayPal support is coming in 2007!!! YEY!), why don’t they come out with a PayPal Prepaid system that would definitely be embraced by the prepaid loving Filipinos. Kudos!

I missed this event last November because I was too busy then and totally forgot all about it. The Paypal issue is actually the main reason I wanted to go and ask them personally.

It’s good too hear the plans are on the way and it’s coming sooner than I expected.

Tag: paypal philippines

October 17, 2006

Why the uber-restricted launch of Paypal Philippines?

A lot of people were ecstatic with the news that Paypal has now added the Philippines on its list of supported countries. However, the inclusion was far from what we’re expecting. It’s even far from a half-baked launch.

The limited Paypal access only allows users from the Philippines to sign up for a Paypal account and add their US-accepted credit cards to top up their account. That means one can only send money and it has to come thru your credit card — that’s it.

You can’t even transfer from a bank account so if you don’t have any credit card, your Paypal account is basically useless. You can’t receive funds either so what’s the point?

The only other way I see this working now is if you’re a spender and the merchant you are paying only accepts Paypal. How about freelancers, designers, programmers and netrepreneurs? Will they be able to use their newly signed-up Paypal account and proudly paste that Verified Paypal badge on their website? Nope.

I think it will even confuse and frustrate their potential clients — with all the hooplah that Paypal is available in the Philippines only to find out that they can’t actually pay them enterprising Filipinos thru Paypal.

I guess this restrited launch only means one thing — eBay doesn’t trust the Philippines yet. They still think we’re just a bunch of fraudsters and hackers and I can’t blame them. Yeah, the risks still outweighs the benefits.

For the meantime, let’s just stick to what really works — Xoom.

Tag: paypal philippines

July 24, 2006

Paypal in the Philippines via Xoom

Updates: You can now have a Paypal Philippines account. Just sign up here. 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.

Maybe you’ve already heard of the plan and the efforts to make Paypal available in the Philippines.

Though I think we’re still far from getting that much coveted nod from eBay (owner of Paypal), I think it’s good to know that there IS a way to get paid by people who has Paypal. If you haven’t heard of it yet, spell X-o-o-m.

I know, it’s not the real deal, but it’s close enough. So how do you receive payments from Paypal users?

  • Sign up for a Xoom account.
  • Enter your personal bank account. See complete list of supported banks here.
  • Create a Payment Button by indicating an item name/number along with the list price and the shipping fee.
  • Paste the button on your website or a send the link to your client via email.
  • Client receives the “request for payment”, creates a Xoom account or logs in and processes the payment using his Paypal account, credit card or eCheck.
  • You get a confirmation email with the tracking number and receive the payment directly into your bank account in a matter of hours.

That’s it! Xoom payment limitation is from $25 to $2,500 per transaction. If you don’t have a bank account, you can opt to pick up the cash in the bank within minutes (list includes Equitable PCI Banks and Cebuana Lhuillier) or have it delivered into your doorstep. I was even able to get my remittance delivered at 9:00 in the evening before — good for people who are away during the day or at their offices working.

You can choose to receive the money in peso or dollar denominations. Is it expensive? Depends on what you’re comparing it to. If you send $50, there’s the $3.50 fee (7% transaction fee). If you send $1,000, the fee is just $8 (or 0.8% transaction fee). These fees apply if you want to receive in Philippine peso but it’s a little more if you opted for US dollars.

The catch? Their peso-dollar exchange rate ain’t that good. Today, it’s just US$ 1.00 = PHP 50.8687. Still if you factor that in, it’s still cheap.

Some guy contacted me the other day wanted to advertise on my site so I asked him for $45 for 3 month’s for a single link to his website. I sent him a payment request via Xoom and I had the money in just over 3 hours. See the tracking code for preview.

I know it’s not the real deal. We still ought to have our very own legit Paypal account somehow. But I’ve been using Xoom for 3 years and it works.

I think one way of convincing eBay to add the Philippines in it’s list of supported countries is by using 3rd-party services like Xoom. If eBay notices that there are tons of transactions going into the Philippines from people currently using Paypal, they may think that we’re not a high-risk country anymore.

[tags]paypal philippines, xoom[/tags]

Tag: paypal philippines

December 05, 2005

How to get Paypal in the Philippines

Sign up for Paypal in the Philippines!

Someone emailed me today asking some advice about Paypal. He wanted to ask how to sign-up for Paypal even if he’s in the Philippines.

Paypal will tell you — you can’t. Yuga will tell you — technically, you still can. I call it proxy registration.

If you have a relative or a friend who lives in a Paypal approved country. You can ask them to use your email account to sign-up with PayPal for you. They will also need to have a bank account to tie up the Paypal account and be verified.

Once application has been approved, usually a souple of days, you can now use that Paypal account to receive the send money to other Paypal account holders.

Please be reminded though not to use it right after registration as the IP addresses are being logged for authentication. In the first few weeks, ask your relative or friend to do the transactions for you.

After maybe a month or after several successful transactions thru Paypal, you may try logging in yourself. During login, you may get a warning that you are accessing Paypal from a country where it is not approved then you will be asked to verify or authenticate your account. It will ask for random information like your middle name or your US bank account number so be ready to have this information with you. If you cancel your login because you don’t have this information, your account me be flagged and eventually locked. Don’t use it too often, maybe just once a week. Let the system get used to you but not too much. It’s even better if you have a static IP so the system will at least remember you on that end.

The logic behind this is that you act as if you were in the US (or any Paypal approved country) when you signed-up for Paypal and then you just happen to visit the Philippines when you accessed your account. This is not a sure-fire alibi but at least you are consistent. There are other valid Paypal account holders who have had their account locked just because they accessed it from the Philippines.

And oh, if you are using Paypal just to received payments, do empty it or offload to the bank as often as you can (and you know why). Mind you, this is not a long-term solution but others get by (like me for example).

Forgot to tell you that this is not a legit method. It’s just a quick way around for you to get hold of a Paypal account.

Tag: paypal philippines

November 27, 2005

Is Paypal blocked in the Philippines?

I only noticed this a couple of days ago when a good friend of mine was visiting me here. He was chatting with his mom who’s in Canada over YM. While talking about the possibility of opening a Paypal account for her from Canada, he fired up a browser and was going to guide his mom thru the sign-up process.

Alas, the Paypal website does not load up. I did a ping and traceroute but got nothing still. Paypal is up, that I am sure of but it seems they’ve blocked access from IPs originating in the Philippines, or maybe those under the PLDT network at the very least.

Could you try it from your end and leave me a feedback?

Tag: paypal philippines

April 21, 2005

Manager, Ops Support (Philippines) : PayPal

yahoo hotjobs

Yahoo Hotjobs! posts job opening for Paypal Philippines.

Do I smell an official launching of Paypal Philippines very soon? Or, they’re just prepping for an upcoming Call Center in the country to support their world-wide expansion? Merely speculations but the signs are very promising.