Filipinos: paypal or moneybookers?

@richiem (3646)
Philippines
June 3, 2008 3:00am CST
in filling up the payment information, i have chosen moneybookers for the sole reason that in the FAQ, they don't list Philippines as one of the countries who can use paypal in mylot. i want to know other Filipinos choice of payment processor in their payment information. can we choose paypal even if it is not list in the mylot FAQ? have anyone from the Philippines been paid by mylot through paypal? i have not reached payout yet, but i am taking advance security measures. thanks in advance.
3 people like this
17 responses
@kun2349 (23475)
• Singapore
4 Jun 08
AS far as i know, most or maybe all filipinos in mylot are using moneybookers as paypal is not being accepted.. PLus moneybookers has got an advantage too as the money is directly being deposited in our account.. However, your personal details must be the same as wat's shown in your bank details..
@richiem (3646)
• Philippines
4 Jun 08
there have been some responses here too that say they use paypal. and the transfer fee in moneybookers is expensive, $2.50.
@kun2349 (23475)
• Singapore
4 Jun 08
Wow.. That's quite alot as compared to using paypal..
1 person likes this
@richiem (3646)
• Philippines
4 Jun 08
i guess i will be using paypal. how about you? what payment method are you using?
• Philippines
7 Jun 08
After reading the above discussions here looks like paypal is much better. I have signed also via moneybookers for the same reason that i wasnt able to locate philippines in their list of countries. I am just wondering which banks does paypal could be claimed or credited ? Your views are truly appreciated. I really love mylot :)
1 person likes this
• Philippines
7 Jun 08
Visa and Mastercard Credit cards accepts in Paypal. If you don't have these, try EON account offered by Unionbank. You need any of these for paypal verification. About withdrawal, you can may use any banks but first you must add your local bank accounts in Paypal. I hope these can help.
1 person likes this
• Philippines
7 Jun 08
Many thanks for the reply. Have you got your cashout? How did you get it ? Paypal ? thanks again.
1 person likes this
@richiem (3646)
• Philippines
10 Jun 08
is there a minimum balance for the EON account? how much is it?
@aseretdd (13736)
• Philippines
4 Jun 08
I am using moneybookers as my form of payment... since i do not have a paypal account... so far... i have not encountered any problems... i was able to transfer my earning from moneybookers to my bank account here in the Philippines... moneybookers is quite prompt in that matter... but of course there is a certain fee... around $2.50...
1 person likes this
@richiem (3646)
• Philippines
4 Jun 08
that is quite a big amount for a fee, don't you think? i don't know yet if paypal charge a fee for transfering money to a bank. what is your bank by the way?
1 person likes this
@richiem (3646)
• Philippines
4 Jun 08
but some responses here says paypal charge $1.95 for the verification process, but they said it will be reimbursed. is the fee of $2.50 reimbursable?
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@aseretdd (13736)
• Philippines
4 Jun 08
Yes, it is quite a lot... that is why i don't transfer money every month... i do it every other month... it doesn't matter what bank account you have... mine is Land Bank...
1 person likes this
@shaeyan (58)
• Philippines
4 Jun 08
I'm using Paypal since March this year and it gives me convenience payout for all my works.
1 person likes this
@richiem (3646)
• Philippines
4 Jun 08
i'm interested to know if mylot pays filipinos via paypal well. thanks anyway for your response. does paypal charge you a fee for transfering money to a local bank? how much?
• Philippines
7 Jun 08
Yes there is. I'm using EON account and there is a charge if your payout is Php7000 below and if above Php7000 no fee. This is offer for those non premium. If you're a premium already, it is automatic that they will charge you. :) correct me if I'm wrong, it's $5USD
1 person likes this
@richiem (3646)
• Philippines
10 Jun 08
so you mean when I transfer 7000 and above to my bank from paypal, there is no fee? and when 7000 and below, there is a $5.00 fee? So what did you do? did you accumulate those 7000 first before you withdraw? and, what do you mean by EON?
• Philippines
3 Jun 08
I signed up for paypal account and also have moneybookers for mylot. I'm also having a problem withdrawing through paypal. I've tried to register one of my banks in paypal but it's not showing up there as an option for me to withdraw. Since this is a discussion for pinoys, I would like to bring up the question how we can also withdraw from paypal?
@richiem (3646)
• Philippines
3 Jun 08
maybe you can add those people in this discussions as friend and send them a private message as to you problem. that would be a sure way to get response for your problem. or you may start another discussion about it. i do not intend to push you away from my discussion. i just i want to help you. i don't know the answer to your problem yet. i think it is seldom that readers will read the whole part of the post and so they may not read your concern. but i am hoping someone here may answer your concern though.
@neildc (17253)
• Lapu-Lapu City, Philippines
3 Jun 08
Like what everlasting said, you have to be a verified paypal member first, using either a credit card or debit card. You will be charged through that card of $1.95, if I am not mistaken. But after a few days that the card has been verified, they will return the money and will be placed in your paypal account. Afterwards, you can add you local bank account where you wish to transfer your funds from paypal...
1 person likes this
@richiem (3646)
• Philippines
4 Jun 08
so that means we really need to have a credit or a debit card before we can withdraw from mylot. i don't have any of those yet. maybe i will create a Union Bank debit card account, and i will connect paypal with it.
@swirlz (3137)
• Philippines
6 Jun 08
I have already received payment from mylot through paypal. i think that the countries stated in the mylot FAQ was made months ago, during the time when paypal still doesn't accept Filipino members. That is why mylot offered other methods of payment.
1 person likes this
@richiem (3646)
• Philippines
10 Jun 08
yes, I also think that is the reason. have you withdrawn from your paypal account? how did you do it? how much is the fee?
1 person likes this
@swirlz (3137)
• Philippines
10 Jun 08
I haven't withdrawn any money from paypal yet. It's because I don't have a bank account. I am planning on opening a Unionbank EON account. The card can be used to withdraw from paypal since it's powered by Visa. And EON doesn't have a maintaining balance, only an annual fee of 350php.
1 person likes this
@neildc (17253)
• Lapu-Lapu City, Philippines
3 Jun 08
I started in mylot with my paypal account. I guess I will continue using paypal until I reach payout. I still don't have the idea of moneybookers and I only heard of it here in mylot...
1 person likes this
@richiem (3646)
• Philippines
3 Jun 08
maybe you can let us know what how to withdraw from paypal when you reach payout. icecandies below need an answer to that question.
@neildc (17253)
• Lapu-Lapu City, Philippines
3 Jun 08
I guess I have to search for the link first. I have an email that tells all about it. You can send me friend request so I can send you the link in private message...
1 person likes this
@rsa101 (15555)
• Quezon City, Philippines
3 Jun 08
I have paypal since paypal has started accepting membership for us Pinoys. I have already started putting my earnings there too that is why I chose Paypal as payout option for Mylot. I am doing this for consolidating purposes.
1 person likes this
@richiem (3646)
• Philippines
3 Jun 08
a pinoy in response number 5 is asking how we can withdraw from mylot? would you know something about it?
@myliezl0903 (2731)
• Philippines
16 Jun 08
i actually declare moneybooker as my account here in mylot.,haven't reach the minimum payout yet but trying to make it till the end of june.,i really need to work hard here coz i know this past few days my earnings are kinda slow.,hmmm, have fun posting! see you around!@
@richiem (3646)
• Philippines
16 Jun 08
see you around and hope you reach your goal!
@NonaSaile (926)
• Philippines
15 Jun 08
Hi, I'm a Filipino. I just assume Paypal is ok here, same way as it's ok in ebay.ph.
1 person likes this
@richiem (3646)
• Philippines
16 Jun 08
If you have read the previous responses, you would discover paypal is good here. a lot of filipino members choose paypal as their payment method. Welcome to myLot!
@chubibo (295)
• Philippines
4 Jun 08
money booker - money booker for pinoy
i use moneybooker as a payment processor for mylot..i verified my address and a couple of days, i received a confirmation of my request through air mail..ive tried to register in paypal but i think there are no options for filipino.. happy posting!
@richiem (3646)
• Philippines
4 Jun 08
there are responses here from pinoys who say they have used paypal as payment processor here in mylot. i think there is an option for filipinos to use paypal.
• Philippines
4 Jun 08
i had been using paypal since they started to launch its use in the Philippines..i use to have moneybookers but once paypal is allowed i left it..my experience with moneybookers is quite alright except for the the fee..they had a fee of processing the money and then another fee with the bank on which it cost so high for the earnings of $10 you will end up having like most likely to 500 pesos..while in paypal every 700 pesos withdrawal will mean 50 pesos fee..which is i think is very convenient..
1 person likes this
@richiem (3646)
• Philippines
4 Jun 08
yes, that would be very convinient. i think i would have to choose paypal. do you withdraw in pesos or in dollars?
@roniroxas (10576)
• Philippines
4 Jun 08
i have both money bookers and paypal account. when i joined mylot it was under egold, then it changed to money bookers so i have money bookers account. now i have paypal also, last payout was transfered to paypal. you can take moneybookers or paypal, but i think paypal is more good if you are interested to buy something from the net for most of the buyers acknowledge payments through paypal
1 person likes this
@richiem (3646)
• Philippines
4 Jun 08
that's good. but i'm not into buying things online though. does paypal charge you a fee when you transfer money to a local bank?
@thaMARKER (3094)
• Philippines
3 Jun 08
You can use paypal because philippines has paypal now. I've confirmed it with my friend from here who asked mylot if she could use paypal as her means of payment in here and they said it's okay. she's done it so no worries.. ;) She's from the same counry by the way..
1 person likes this
@richiem (3646)
• Philippines
4 Jun 08
that's a relief. thank you for the info. but they say you need to have a credit or a debit card to verify your account and withdraw from paypal. i don't have a card yet. but i think it is not much of a problem.
@Samanthavv (1386)
• United States
3 Jun 08
I didn't even know you could use moneybookers on this site. Honestly, I hate all the different payment processers out there. I wish they could just make one universal one for everyone (like payapl) and just stick with it! I hate having to sign up for new ones and not knowing if I should trust it or not.
@richiem (3646)
• Philippines
4 Jun 08
i think that is not a good idea. if they would make one universal payment processors, there will be a monopoly. in that case, paypal (we suppose) would set high transaction charges. we will not be able to argue because it would be our only choice. competition makes higher quality services at lower prices. you can always ask if a payment processor is legit.
@vanities (11387)
• Davao, Philippines
3 Jun 08
im using the paypal method..philippines is listed among others...i havent done sending it yet to my bank since i want to reach it to 100usd..but i had learned from others that it is possible ...
@richiem (3646)
• Philippines
4 Jun 08
i have posted a link in response number 10 which enumerated countries which can use paypal as method of payment here in mylot. Philippines is not included there. yes, they said you can send it to your local bank after verification.
@rhane7315 (5673)
• Philippines
10 Jun 08
i do have an account for both of them but i use moneybookers. i don't know which of them are good and reliable in terms of financial matters. i haven't gotten my payout yet since i set my payout to a higher amount, so i can't advice you about it
1 person likes this