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Tag: paypal

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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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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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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May 19, 2008

Xoom to disable Merchant Payment Interface

Xoom, an online payment facility, sent out notices about 2 days ago that it will disable its Merchant Payment Interface after August 1, 2008 and suggests all users to remove links to such payment landing pages.

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February 29, 2008

Paypal says avoid Safari browser

Paypal’s Chief Information Security Officer recommends everyone who has a Paypal account to avoid using Apple’s Safari browser. Apparently, Safari is still way behind in security features compared to Internet Explorer and Firefox.

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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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February 04, 2008

Ikobo Visa Debit Card

For over two years now, Ikobo has been a regular advertiser in this blog. Though I’ve never used them as a remittance service, I’ve heard from fellow bloggers that they offer one of the more convenient ways to process transactions — via an int’l ATM debit card.

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January 08, 2008

Was full Paypal support a lot of help?

Months before Paypal legitimately opened its doors in the Philippines, there was much discussion on how the service could help a lot of Filipinos locally and abroad. It wasn’t the de facto money remittance of choice (even until now) for OFWs but it may have paved the way for more online transactions for Filipinos.

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November 14, 2007

Scary Paypal Lockdowns

Just a few months after Paypal made huge waves in the Philippines, there’s already a horror story in our midst. Paypal lockdowns — yup, unexplained Paypal account cancellation without refund.

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October 05, 2007

Top 10 Places to Use Your New Paypal Account

Now that we’ve finally tasted the full potential of the globalized economy, thanks to Paypal going full-circle, I’m hopeful that e-commerce in the Philippines would flourish in whatever way, shape or form and Filipinos would start shedding their paranoia over online transactions.

Here’s my Top 10 list of where you can use your new Paypal account:
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September 26, 2007

Paypal or Xoom: Which one is cheaper for Publishers?

About 2 weeks ago, I was able to reactivate a 4-year old dormant Paypal Premier/Business Account. I’ve been using that account now to receive funds from advertisers as well as pay some online bills. Now that I have both Xoom and Paypal, I’ve been contemplating which of the two I should be using more often.

Here my quick analysis of the two:

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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

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

June 30, 2006

Google Checkout is no Paypal-killer

Google Checkout came out yesterday and though I had a blog entry for it in draft, I’ve revised it and changed it to this one.

Checkout is practically just another payment gateway for merchants and shoppers, and has been predicted to be the next Paypal-killer. Um, maybe if you live in any of the 50 states (and 1 district) of the US.

google checkout

Google Checkout is tied up with your Google Accounts so all you need to do is login and then fill out the credit card information page. But wait, look up at the screenshot and you will see that the CC info needed needs to have a US billing address.

That spoils every bit of excitement I had about the new service. Still, even if you have one, it doesn’t have that person-to-person Paypal transfer feature either.

Oh, well.

P.S.
A response from a Google rep posted on Digg stated :

At this time, only merchants with a United States address and bank account can integrate and process transactions through Google Checkout. You also must have a United States billing and shipping address to buy with Google Checkout.

We look forward to making the service more widely available in the near future.

I hope that future is near.

Tag: paypal

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

October 17, 2005

Google Purchases to beat Paypal?

With the recent discovery of the Google Purchases sign-up page by Tony Ruscoe, we can now be a bit happy to expect Google Wallet to be launched soon.

This rumor has been going around since June when I first posted it last June about initial reports of a potential payment gateway by Google.

Once this service is launched, I bet eBay’s Paypal service will surely be up for a good fight. What more with the fact that Paypal is very restrictive and limits its coverage to mostly Western countries.

Will Google aiming to be one of the major players in international merchant and payment services, things will get a bit busy here in Asia, the Philippines included (hopefully, and rightfully so).

We can all but wait. It should be out soon (some say as early as January 2006).

Tag: paypal

June 19, 2005

Google plans to go up against Paypal

Recent reports from the Seattle Times and the USA Today indicates that Google is planning for an online payment service. Major player Paypal of eBay is the primary target. Details of the plan are not up yet but it is most certain that the service will be rolled out sometime at the end of the year.

With Google’s $1.26 billion revenue for the 1st quarter of this year, I’m sure they’re gonna hit big time with the online payment system considering a lot of publishers and advertisers could very well be using this service once it’s made available.

Update (6/21/05) : Google owns GoogleBucks.com, the plot thickens.