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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]

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Avatar for Abe Olandres

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.

56 Responses

  1. Avatar for Brenton Brenton says:

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  3. Avatar for Dawson Landscape Dawson Landscape says:

    Everything is very open with a precise description of the issues.
    It was truly informative. Your website is very useful.
    Thanks for sharing!

  4. Avatar for managed services marketing managed services marketing says:

    There are definitely lots of details like that to take into consideration. That could be a nice point to bring up.

  5. Avatar for alex sevilla alex sevilla says:

    How do I pay someone in the US if i do not have a paypal account? any payment forwarders available?
    because i used Philpay.net 2 years ago. and now they’re gone what happened?

  6. Avatar for Paul Paul says:

    Do not use Xoom. They have some problems.
    As others, same thing happened to me. They cancelled all my “send money” transactions. I called them and they give no definite answer. They said they would email me after investigation, but I am still waiting. They definitely wasted my time and caused frustrations for me and to the person I was trying to send the money to. Learn from my bad experience. Do not let it happen to you.

  7. Avatar for jun jun says:

    xoom are not acccepting paypal, i think just last week.. how sad..

  8. Avatar for jjj jjj says:

    i have a big problem with paypal. i have some money there but my account is limited. i already did all the steps that paypal wants me to do but it is still limited so i cannot withdraw the money on my paypal account. btw, my paypal account is already verified since last year.

  9. Avatar for Mark Rivera Mark Rivera says:

    maybe na reach mo ung limit amount..
    sometimes kc may mga limit amounts to send sila… haven’t you checked that before?
    if so, you can update your information to upgrade your limitation dun sa profile mismo ng paypal mo…
    hope this help you.

  10. Avatar for jhen jhen says:

    PAYPAL problem din ako..

    2 times na ako nag padala sa sarili ko using xoom and paypal ok nman na pipick-up ko and nung pang 3 na super cancelled na ung paypal.. kakairita ayoko nman ulit ulitin mamaya ma band pa eh.. pasakit pa..

    pero bat ganun?? nag iinarte ung paypal??

  11. Avatar for Mark Rivera Mark Rivera says:

    It is simple.. Apply for EON Debit card at UnionBank…

    prepare 250Php for the EON Card @ UnionBank and deposit 100Php for the Paypal connection.

    Once you have the card, update your information @ Paypal using you EON Card number (account #).

    2 variation steps if you like to withdraw the money right away, use Xoom or Withdraw it to your UnionBank Debit ATM (EON Card).

    Not to disappoint y’all but i hate the “Fee” where Xoom less to your per transaction. (if paypal less you like 25$, and send money to Xoom they will less you depend on your amount too. medyo sayang yung ibang pinapadala mo.)

    then i use my Debit Card for my withdrawal.. less fee and no need to worry about the per transaction fee from PayPal to UnionBank.

    if you have question, email me.. i have already experienced this type of situation.

  12. Avatar for eljun eljun says:

    I was planning to use Xoom to send my money out of my paypal, but I was quite disappointed on the recent comments above about the failure of xoom. Same problem with Aubrey (Unverified Paypal accounts).

  13. Avatar for aubrey aubrey says:

    Hello Yuga,

    JUst wanna ask how can i get my money from paypal.
    i dont have card to link to paypal, can you advised me what is the alternative way to get my fund in paypal.

  14. Avatar for rosito rosito says:

    what are the other alternatives other than xoom that uses paypal as an funding source

  15. Avatar for Cecille Cecille says:

    I hate this Xoom money transfer ek ek, Me too has experience a canceled transaction and the money being deducted in my paypal account was not even return immediately, it’s 3 days now and still waiting for my money to be returned to paypal

  16. Avatar for keith gorman keith gorman says:

    Regret that there is not a ‘cheap’ way to send money to people in the Phillipines. Would have liked to send small amonts to my god-daughter for her birthday and for Christmas. As a OAP can only afford £15-£20 twice yearly but found that your ‘greedy’ banks grabed 90% in transaction fees & poor ForEx rates so the little girl got less than £1 to £1.50

    Yet can send similar small gift sums to my god-children & grandchildren in the US and within the EU for ‘zilch’……using PayPal. Suspect the blame lies with the major local Banks and the control they exercise over the government etc. It’s my belief that this attitude is harming the whole of your country’s economey……though the small but active local internet ‘fraudsters’ and ‘hackers’ have also adversley effected the country.

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