Paypal - The Good and the Bad News
It’s confirmed. News came out that withdrawal from Paypal account to Philippine Bank Accounts is now accepted. Let me tell you, i have a Bad news and good news for you.
First the good news. Withdrawing funds from Paypal to your bank accounts in the Philippines will be completed after 5-7 business days. Take note *business days*. The cost of transaction is FREE for Php7,000.00 or more and it will only cost you Php50.00 if your withdrawal is Php6,000.00 or less. See the convenience now? And saving too! No need to enroll for a debit card! Not anymore.
The bad news. I just made a withdrawal 4 days ago to my Union Bank’s account. Of course i was charged $5.00 for that transaction. Imagine just 2 days after the announcement!
If you want to try, just log-in to your Paypal account now!
Note: See OFFICIAL PayPal Bank Codes (withdraw to Philippine banks).
Source: Pinoymoneytalk.com
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iRonnie posted: 28 Jan at 4:21 pm
waa! nag apply pa ako ng eon kahapon pwede na pala sa local banks na lang. sana pwede ko pa maipa cancel.
iRonnie’s last blog post..Sweeney Todd
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AMBO reply on January 28th, 2008:
Anyway you can use it to other transactions online Ronnie. I remember we used to talk about it 2 days ago.
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AMBO reply on January 28th, 2008:
Verified account ka naman na yata Ronnie. So no need to use the eon since you are using your credit card. You can use your bank account na to withdraw from paypal.
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iRonnie reply on January 28th, 2008:
i really dont see any need for it now na pwede ng i withdraw sa local banks ang paypal. i applied eon online and now di ko alam paano ipapa cancel. hahaha! i tried contacting them online and via phone pero walang kwenta.
iRonnie’s last blog post..Sweeney Todd
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AMBO reply on January 28th, 2008:
Ronnie kung verified account naman na ang paypal mo, wag mo ng ituloy yang eon mo haha. all you need to do is to apply your bank account sa kanila.
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AMBO reply on January 28th, 2008:
Ronnie ask ko lang, do u receive email when a comment is added here? curious lang ako.
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iRonnie reply on January 28th, 2008:
i do.
iRonnie’s last blog post..Sweeney Todd
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BURAOT posted: 28 Jan at 7:30 pm
mahal naman. $5. pang jollibee din yun ah..
anyhoo, naungusan na pala ako sa top commenter dito.. kelangan umepal ulet. nyahahahh!
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AMBO reply on January 28th, 2008:
3rd place ka na ka buraot. nag iisip na nga ako ng premyo sa mananalong top commentator of the month eh. hehe. Oo nga $5 is around 250 din yun. aba super busog ka na dun sa Jolibee!
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Blogoloco - Win $250 posted: 28 Jan at 7:50 pm
Just wait till its over P7000 so you don’t get charged. But if you do need the money, P50 is not bad - but definitely not $5 buraot.
Blogoloco - Win $250’s last blog post..Yorkshire Bank Scam
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AMBO reply on January 28th, 2008:
You’re right Blogoloco. I definitely agree.
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James | PinoyMoneyTalk-dot-com posted: 28 Jan at 10:05 pm
Hi Ambo, we have now updated our article to reflect the latest and OFFICIAL list of PayPal Philippines bank codes. Go take a look.
James | PinoyMoneyTalk-dot-com’s last blog post..Withdraw PayPal to bank account FAQ
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AMBO reply on January 28th, 2008:
Thank you James for the info. Appreciated.
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monaco posted: 28 Jan at 10:14 pm
omg, nagpakahirap pa naman akong mag apply ng EON tapos ganyan din pala! btw, I’m having problems with my EON. yhree weeks na di pa active yung account. I’ll blog (rant) about it.
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AMBO reply on January 28th, 2008:
Did you try to contact their hotline dadimon? In my case inaraw araw ko ang customer service nila hanggang maactivate account ko. Anyways, much better if you just use your bank account for paypal. If you have credit card, pwede mo ng gamitin un to get a verified account. if not, just wait your eon card activated.
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iRonnie reply on January 28th, 2008:
ambo ano number ng customer service nila? i was calling 84-186 pero not yet in service sinasabi. i called 892-0111 kaso naca cut naman ang line. is this a reflection of their customer service?
iRonnie’s last blog post..Sweeney Todd
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AMBO reply on January 28th, 2008:
ronnie you’re right. its 84-186. bakit sa amin ok naman? kakatawag ko lang ngayon. di kaya inalis ng pldt yung feature ng pone nyo? lols
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kengkay posted: 28 Jan at 11:04 pm
ganyan ang buhey … may bad, may good
ako nga di ko pa rin alam kung papano gamitin itong paypal ko e. aleman kasi yung salita, kainis.
kengkay’s last blog post..May K ba akong magreklamo?
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AMBO reply on January 28th, 2008:
Mommy Kengks wala bang translation? teka, nasa pinas ka na ba?
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joanjoyce posted: 28 Jan at 11:05 pm
wow ayos buti na lang di pa ko naka EON lol mabuti nga ba yun? parang nabasa ko somewhere kelangan pa din ng debit/credit cards e. totoo ba yon? tamad na ko magbasa e
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AMBO reply on January 28th, 2008:
Yes Joyce. Try to log in then choose bank account. Yung me arrow sa taas. sa ibaba kasi yung debit/credit card. Lipat mo na yang pera mo at baka mabiktima ka pa ng scam sa paypal. Si Thess muntik na jan. Be careful.
If you have a credit card pwede naman yan. If not, eon card ka na lang. Para makawithdraw ka, u need to be verified muna by using your eon card.
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joanjoyce reply on January 29th, 2008:
kelangan din pala talaga kumuha ng EON kala ko di na.. thanks thanks
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icezorg posted: 29 Jan at 12:38 am
Wow, good news to bro! Kaya lang, wala pa laman Paypal ko. hehe.
icezorg’s last blog post..SMS Quote | Text Message #2790
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AMBO reply on January 29th, 2008:
Iceorg hahaha yun ang problema. Malaki naman kita mo sa hosting eh. TEka pakilala kita hahaha. Yan po si Iceorg ang namamahala ng hosting at domain services ko. Maaasahan yan! Promise. o hayan libre na advertisemnt haha.
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BURAOT reply on January 29th, 2008:
aha! ikaw pala ang pimp ni dadee ambo!
ano email mo? papa quote ako. heheh kung gusto mo baka pede ako i-email mo. heheh. tenks!
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AMBO reply on January 29th, 2008:
Ka Buraot nakatunog hahaha. Yaan mo mababasa nya yan. Text ko nga hehehehe.
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BURAOT reply on January 29th, 2008:
hehehe. kse noypi, mas madali kausap. ska kung oks sa imo, e di oks na din sa kin. kesa dun pa ko sa di ko kakilala. at least pag me problemo ako, madali hagilapin. nyeheheh.
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icezorg reply on January 29th, 2008:
hello buraot,
noyping noyping ako. sakin ka nalang magpahost. hehe
@ambo
hindi din ganun kalaki kita sa hosting. hehe. di ako masyado aggressive dun e. hehe
icezorg’s last blog post..SMS Quote | Text Message #2790
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BURAOT reply on January 29th, 2008:
psstt.. icezorg…. kaw ba nag-email sa kin regarding dun sa webhosting? carol name?
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icezorg reply on January 30th, 2008:
opo ako po yun hehe.
icezorg’s last blog post..SMS Quote | Text Message #2798
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scart posted: 29 Jan at 1:03 am
nakow matagal na itong napabalita pero tamad ako mag kwento kasi sa blog ko ng mga technical like this hehehe. yung friend kong taga davao sumubok sya magwithdraw tapos kalahati nong winidraw nya kinuha transaction fee daw. so ako naman wtf? is that true?
scart’s last blog post..What’s My Blego?
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AMBO reply on January 29th, 2008:
Hi Scart. Actually first attempt ko nung jan 22 sa eon card. lumabas ang balitang to jan 24 or 25 ata grrrr. 4 days inabot bago makarating sa card ko. pero tama naman ang nakuha ko. anong nangyari sa friend mo bat naman inabot ng kalahati? dikaya na scam un?
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joy posted: 29 Jan at 6:25 am
Sorry to hear that you’re getting charged this amount. But at least you know the money is safe
joy
A Pinay In England
Your Love Coach
The Goddess In You
joy’s last blog post..Who’s Afraid Of The Big Bad Needle?
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AMBO reply on January 29th, 2008:
Yes Joy. At least nga safe. Ang hirap kasing mabiktima nung scammers ng paypal. Dami ko ng nabalitaang nabiktima at naubos ang laman ng paypal.
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Kotsengkuba posted: 29 Jan at 9:04 am
aba’t hokey pala ire ane? kaso dun sa verification parin magkakaproblema kung wala kang debit/credit card. same thing same thing… hehehe
Kotsengkuba’s last blog post..All things white and wonderful
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AMBO reply on January 29th, 2008:
Kotsengkuba at least kapatid wala ng charge na malaki once na verified na ang account mo. Gagamitin mo lang ung debit/credit just to verify your account. malaking katipiran yun sa mga taga Pinas.
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Kotsengkuba posted: 29 Jan at 9:05 am
by the way, what’s an EON card?
Kotsengkuba’s last blog post..All things white and wonderful
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AMBO reply on January 29th, 2008:
Eon card from Union Bank yan kapatid. It’s a debit card.
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jessie posted: 29 Jan at 10:42 am
Ambo,
kahapon ko pa nabasa tong post mo… I just checked today and it’s true, the charge is $5. I think for small earnings from blogging, this is a high rate. If perhaps you’re withdrawing some $500, I think it’s just fine but below $50, the charge is exorbitant.
jessie’s last blog post..Linky Love to Blogger-Friends
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AMBO reply on January 29th, 2008:
Yes Jessie. That’s why bloggers are so happy to hear that bank account in the Philippines is now accepted by paypal. Wala ng malaking charges except for the Php50.00 if you withdraw 6,999 or less. Or depends on your bank’s policy if they still collect other fees from your transaction. But i think maliit lang yun kesa sa $5.00.
The $5.00 is charged if you use debit/credit for withdrawal.
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Pinoytek.net l Paypal Bank Account Withdrawal In The Philippines posted: 29 Jan at 12:30 pm
[...] the procedure on how the system works. Let me tell you, it is really an overwhelming news that Paypal now confirmed that all local banks in the Philippines is now accepted by Paypal. One important detail that a Paypal member needs to understand is, [...]
Mohny posted: 29 Jan at 9:37 pm
Thanks for the update about paypal. I haven’t checked my account in a month eh. Buti I saw your comment kay McBilly at nakita ko site mo.
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AMBO reply on January 29th, 2008:
You’re welcome Mohny. Thanks for posting. Hope to see you back soon.
Cheers,
Ambo
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malen posted: 30 Jan at 6:15 am
bwiseeeeeeett!
malen’s last blog post..On Hiatus
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Alexis posted: 12 Feb at 7:46 am
This is actually good at least it goes directly to the bank and if you withdraw a good amount you can na from paying the fees.
Alexis’s last blog post..Natural High and Low
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ruthie posted: 08 Mar at 6:04 am
Ugh! natatakot tuloy akong i-cash yung paypal…
anong rate charge?
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Nicely posted: 22 Aug at 11:28 am
just signed up in paypal last week. wala lang, trip ko lang… baka sakaling may magpadala sakin ng pera from abroad na hindi ko naman kilala. kawanggawa ba. hehehe! *whispering sana meron nga*
Nicelys last blog post..Belo’s First Open House for Bloggers @ Belo Med Center, QC (O8.16.0
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