Send & Receive payments via Paypal in the Philippines

Abe Olandres September 28, 2007 · 2 min read

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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.

Paypal Philippines

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 ( dagger ). No withdrawals from local banks still though. And no cheques too.

Send Paypal

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. ;)

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Abe Olandres

Editor-in-chief

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

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314 Comments

Kat · 19 years ago

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 :)

j · 19 years ago

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

Moneymaker · 19 years ago

Wow! That’s great. I now no longer need to disturb my friend from US for processing the payments.

Bob Reyes · 19 years ago

@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.

Slow · 19 years ago

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!

charles · 19 years ago

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?

jayvee f. · 19 years ago

has anyone been successful enrolling an HSBC Visa credit card?

Osglass · 19 years ago

Do you think we can use the PayPal Plus Credit Card here in the philippines?

Internet Marketing Home Business · 19 years ago

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

Osglass · 19 years ago

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..

j · 19 years ago

@ jasmine

yes, just attach your eon debit card to your paypal account,verify it, and voila! you can withdraw your paypal funds using your eon cards in any bancnet atm machines

Jasmine · 19 years ago

Just to clarify, I’m quite new to this. ^^

If I apply for a UnionBankPH EON Visa Electron ATM (debit) card or UnionBankPH EON Cyberaccount, that would mean I could immediately use that to receive AND withdraw funds via paypal, and I don’t have to acquire a US based bank account?

Hope to receive an answer soon.

Thanks!

Jasmine · 19 years ago

Just to clarify, I’m quite new to this. ^^

If I apply for a UnionBankPH EON Visa Electron ATM (debit) card, that would mean I could immediately use that to receive AND withdraw funds via paypal, and I don’t have to acquire a US based bank account?

Hope to receive an answer soon.

Thanks!

Bob Reyes · 19 years ago

Addeed my UnionBankPH EON Visa Electron ATM (debit) card to Paypal, and it was accepted.

Dan · 19 years ago

Paypal is pang masa while payeasy, like so many other pinoy web services, they cater only to the deep pocketed -Pinoy elitest and colonial mentality finding its way to the net. Imagine if paypal charge 25,000 – 40,000 to use their service like Payeasy? Payeasy folks just don’t get the internet.

Lica · 19 years ago

How bout sending the money you received in your local Payapal account to Xoom? Pwede ba yun para macash out mo yung money sa Papypal account mo?

ernesto · 19 years ago

Nice to hear love it…

j · 19 years ago

does Citibank master/visa card accept paypal withdrawals?

Christian · 19 years ago

Has anyone in the Philippines tried to open a bank account with ingdirect? Are you able to transfer funds to and from your Philippine bank? If so, that could be a workaround.

arnold · 19 years ago

How about Ikobo prepaid cards? U.S. based debit card yun. Dapat it should work with Paypal. But when I tried verifying my Ikobo account, hindi tinanggap. Something to do with Bank issuer being blocked by Paypal. I emailed Ikobo customer support for clarification. Will feedback their reply once I got it.

If Ikobo would work, mas maganda!

jay · 19 years ago

adsense pay via WU, now send and receive via paypal. what’s next? woooo. this is so sweet.

Mygoodfinds · 19 years ago

That’s great news! I believe this will only fuel Ebay trading. Very good for the economy!

blogOloco · 19 years ago

It really is strange. I saw it from the paypal website quite a while ago that the Philippines can send/receive funds. However, I had read a few blogs in the past which states you can’t. Was it just recently then that it had been approved. How bizaare.

Anyway, this is all good news to the Filipinos in the Philippines. Make the most of this ooportunity. Anyone who wants to start an online business, this is
your chance as paypal is really used and well accepted worldiwde.

John Aseron · 19 years ago

Sinong nakapagtry ng Unionbank EON card? I read somewhere puede daw i-withdraw dito? Can anyone confirm this please?

John Aseron · 19 years ago

How about if you will use a debit card? Where will the money you withdraw go? Directly to your bank account?

Miguel · 19 years ago

@JC,
Really? That’s ridiculous. The banks earn interest if you give them your money before it’s due!

Anton · 19 years ago

Its seems like the Philippines is finally getting somewhere online and companies abroad are starting to notice us.. finally!

JC John SESE Cuneta · 19 years ago

@Danna
That’s the question. I was told it is possible in the West, but here in the Philippines, I’m not sure. When I talked to MetroBank some years ago, they said it will instead be deducted to your balance, or if you have no balance, it will serve as an “advance payment”.

Regarding “advance payment”, banks nowadays do not hates it – they will fine you for over-paying or advance paying. That’s what Metrobank did to us :/ (Will be moving to BDO and HSBC anyway..)

Dexter · 19 years ago

Ok to ah.. At least we can now transact via paypal.

Danna · 19 years ago

that’s really great news!
but, how exactly do you withdraw money from a credit card??

JC John SESE Cuneta · 19 years ago

np ^_^

have to wait now for the processing period to finish and see. As far as PayPal transfer is concerned, it went through. It is now the card issuer-side to confirm.

I asked my ex-colleague with an HSBC Visa and MasterCard to test it himself, waiting for an update…

XpressMusic · 19 years ago

Thanks for the info.. Showbiz Intriga? Get It From Boy!

Abe Olandres Editor-in-chief · 19 years ago

I missed that part. Thanks JC for the clarification.

Showbiz Intriga? Get It From Boy! · 19 years ago

that reply above is for xpressmusic

Showbiz Intriga? Get It From Boy! · 19 years ago

you have to open an account with that bank you mentioned and then deposit the check you received.

JC John SESE Cuneta · 19 years ago

Hi Abe, just you can withdraw from locally issued credit, debit, and prepaid cards just not “Local banks”.

It says: ( https://www.paypal.com/row/cgi-bin/webscr?cmd=_display-approved-signup-countries-outside )

Send. Receive. Withdraw to a U.S. Bank Account or a card.

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 (+).

Countries marked with a dagger-sign can withdraw to a credit, debit, or prepaid card issued in their countries, which includes the Philippines.

I can confirm this already:
Visa Credit Card for Metrobank accepts PayPal withdrawals.
Mastercard Credit Card for Metrobank do NOT accept PayPal withdrawals.

A friend of mine with Visa Electron can withdraw also, but a Mastercard debit card can not.

It seems that Philippine-issued Mastercards can not receive withdrawals of PayPal money, but Visa does (well Visa > Mastercard when it comes to availability).

Prepaid card… do we have one? Unless we consider Smart Money – type of cards as “prepaid cards” and not “debit cards”. In any case, if I have time tomorrow, I will drop by a Smart center to ask them if Smart Money accepts PayPal withdrawals.

Also, could someone with a BPI Express Credit test it out as well?

XpressMusic · 19 years ago

Guys,

May tanong lang ako.Naka receive ako ng cheque from revenuepilot…i think it’s a HSBC one.Pwede ko kaya ito i claim sa BPI or any bank here except HSBC(Coz HSBC is too far from my place).

Thanks!

Lonely Pinoy · 19 years ago

Parang nung isang araw lang tinanong ko kung pwede bang makareceive ng payment through paypal dito sa pinas tapos ngaun pwedeng-pwede na. Tnx sa info.

noemi · 19 years ago

I look forward to deposit in our local banks. But yes, I am happy with this progress. The other features will soon come.

sylv3rblade · 19 years ago

May list na po ba ng lahat ng supported credit and debit cards?

Marcvill · 19 years ago

Great news! Wow! So this means we’ll start seeing local blogs with “make Paypal donation” options? Joke lang.

Let me make a donation to the Yugatech Foundation to try this new Paypal feature out. Magkano ba kailangan mo? $500? $1,000? Hehe.

Jeffrey · 19 years ago

So when you want to withdraw your funds from your Paypal, it will be deposited to your credit card account?

Andre Marcelo-Tanner · 19 years ago

so then from PayPal you can send your money to your PH bank account using Xoom :)

marhgil · 19 years ago

thanks people! i think, the problem is Mastercard Electronic, it’s different from Mastercard. I think, I should convert my BDO ATM card to this one.

Chino yray · 19 years ago

@Marhgil

try Citibank and iBank

Abe Olandres Editor-in-chief · 19 years ago

Yup, to get your account to Verified status and join the Expanded Program, you’ll need any int’l credit card. A verification number will be printed in your statement and you will have to enter that 4-digit number in your Paypal to complete the verification process.

marhgil · 19 years ago

I tried enrolling my credit card issued here in the Philippines for verification. it works!

mr nice ash · 19 years ago

so it means that if i transfer my ad earnings to Paypal, hindi ko na mahahawakan yun at kailangan ko na lang ipambili online? ganun ba?

Abe Olandres Editor-in-chief · 19 years ago

It’s US based credit cards and debit cards. I think they mean, credit and debit cards issued in the US.

marhgil · 19 years ago

hehe. magkasunod lang tayo sa pagpost :) now, how do you withdraw the money? Sabi nila, thru US account or debit card. I tried the BDO ATM card, yung international version nila (Mastercard Electronic), di ko maregister. So, which debit cards are supported?