All about paypal in the Philippines
By ayessa
@ayessa (1583)
Philippines
August 1, 2008 9:56pm CST
Hi to all Filipino's!
Ok I made this discussion just for all of us. You can post anything here with regards your transactions to paypal. Also please include the bank code you use when you register your banks and the amount of fee that you bank deduct when you withdraw your money from paypal. Also on how long that your transaction take to reflect your withdrawal from your account.
I got my money from paypal using different options. first, I use my AIG Credit card to get verified and I also make my first withdrawal using that card. I received my money in just 2 days and I wasn't chrage anything by AIG.
The second was just recently, I use my BDO account the bank code was 010530667. This one is fast too I got my money in just 2 dyas but the BDO deduct 250 pesos in my transaction. It was the fee according to the bank.
I also just leraned that we can withdraw our money from paypal using any debit accounts here in our country as long as we are already verified member even it has no logo of master or visa. But if we are not yet verified we have the option to be verified using debit or credit card with master or visa logo on it.
How about you guys? How's your paypal transactions? Care to share? TIA
4 people like this
13 responses
@agihcam (1914)
• Philippines
2 Aug 08
It is a nice one that I think will help to all the filipino's who still have doubt if they can get their money from paypal or not.
I did verified my paypal account using my citibank credit card, before it is successful, the paypal will charge you for $1.95 into citibank credit card and you need to see the digits code on your billing then input this code into your paypal account to complete the verification process. If you have access via online to your credit card, then you can easily see the code on your billing and then input it into your paypal account, this way you don't need to wait longer for the billing.
I have withdraw my paypal account using MBTC account, the 9 digits code for MBTC is 010269996, I did withdraw $16.97 and MBTC charged me for PHP 50.00, the money goes to my MBTC account after 3 days.
All the best,Agihcam
2 people like this
@ayessa (1583)
• Philippines
2 Aug 08
Wow! MBTC charge so little. Im now planning to open an account to them so that I can withdraw my paypal money with just a small fee.
I was also one of those who are not comfortable in using paypal before but when I tried the withdrawwal I find it well and paypal gain my confidence in money transactions.
Thanks for putting the verification process I forgot that one. It will be a big help for our fellow filipino.
Thanks again!
1 person likes this
@misty99 (736)
•
2 Aug 08
Hello friend..sorry to butt in but i am still not verified with paypal.I don't have any EON card nor account on any other bank except Metrobank (Subic Branch)....that's MBTC if i'm not mistaken.And i am still so stup...
...regarding this.I'm here in KSA and i think paypal can't send it to me unless i have credit cards-which i don't have
.I want to send my earnings in my account but i don't know how.I hope you could help me,maybe pm any link to contact MBTC.Thank you very for any help.
...regarding this.I'm here in KSA and i think paypal can't send it to me unless i have credit cards-which i don't have.I want to send my earnings in my account but i don't know how.I hope you could help me,maybe pm any link to contact MBTC.Thank you very for any help.
@rsa101 (37952)
• Philippines
2 Aug 08
Thanks I am about to use my Paypal but I realized that I have my funds there at moneybookers still so I decided to add my payout there for this month and try to withdraw from there. Then maybe I will have to use my Paypal account since I find Paypal more easier for me to use.
@dpk262006 (58675)
• Delhi, India
2 Aug 08
I have yet to withdraw the amount from my paypal account using either my debit card or bank account. But I feel you have give a lot of important details, which help the newcomers of withdrawing their payments from mylot account. So nice of you that you brought such a useful information for the fellow mylottians, some of them are always preplaxed about withdrawing their earnings.
@greenline (14838)
• Canada
2 Aug 08
I have been using Paypal service for some time now. I am very happy with it. Every transaction moving smoothly. I use my bank account linked to my Paypal account, deposting and withdrawing.
@neildc (17239)
• Lapu-Lapu City, Philippines
8 Aug 08
hi kabayan. my paypal account is already verified. one good thing for government employees is the gsis ecard that is connected to unionbank, works as a debit card too. i wouldn't wanna use my ecard with paypal, i just don't know why. but when i checked with my other bank which is landbank, no bank personnel ever gave me the bank code and they are totally blank, nothing they know about paypal. so i tried again, called up landbank's phone access. so the call center agent confirmed that landbank is not yet using paypal. and that is the reason, i have to stick with unionbank. btw, paypal says that in transferring the funds to unionbank, 50 pesos will be the service fee if the amount involved is less than 7,000. 7,000 and above will be free of charge. (neildc @ red/88/1506)
2 people like this
@ayessa (1583)
• Philippines
9 Aug 08
That was a good news if that is true or maybe it was just for the ecard that they have and not to thier eon card. Cause I have ask the unionbank here at our place if ever I will use eon to paypal they even confirmed what one of the respondents here says, that they will charge $5 for each paypal withdrawal and for withdrawing the money tru atm its Php10 per transaction.
Most banks really does not know about paypal and even one of the csr of bdo and allied bank which are my friend does not even know it so I just try my luck to withdraw my money using bdo and I succeeded twice already. I just got the bank code in the net. Maybe next month I'll try my allied bank account.
1 person likes this
@eihdra (3115)
• Philippines
2 Aug 08
hi..
i opened a debit account with UNION Bank, it's called an Eon Cyber account..
I already have several payments in my Paypal account but have not withdrawn it yet because I just found out that Union bank will charge me $5 for every transaction or for every transfer from Paypal to my bank account. To late now because I have already verified my paypal with the debit card.
So, I think, Im gonna let it sit for awhile there at Paypal, maybe until it reaches a $100, so i will still have $95 to withdraw...
Sad that they are charging that much converted to our currency...
@ayessa (1583)
• Philippines
4 Aug 08
Oh that was big amount. Thanks for the information now, I will surely not get my card from union bank due to its charge. I might stick with other banks.
Why not link you paypal to other debit cards who charge little amount? Agicam says metrobanks has a P50 charge only. Thta what Im planning to use now.
@skbh12 (2946)
• Philippines
6 Aug 08
[b]hi i had my paypal account verified using my HSBC CREDIT CARD. whenever i reach payout here, does my money go directly to my credit or it doesn't? im still confused with the money transaction thingy.
another thing, i would also want to know if paypal also accepts BPI EXPRESS CASH CARD? i would also want my money to be directed through that bank card.[/b]
1 person likes this
@kaezy_kulet (2465)
• Philippines
4 Aug 08
I have just registered to paypal and haven't processed any payments from them yet..I am not yet verified from them too and i do not know how will i be verified without a credit card..i have link my metrobank account to that..
1 person likes this
@ayessa (1583)
• Philippines
5 Aug 08
From what I know you must verify your paypal using a debit or credit card with visa or master logo. Then you can link your paypal to any banks of your choice. Just make sure you contact first the CSR of your bank and ask them the bank code for paypal.
Now you don't have a credit card the only thing I know for you to get verified is to get an EON card though it was not that fast to get a card cause I have waited for my eon card for almost a month now and I am now cancelling my application to them due to the high charges they have.
@kaezy_kulet (2465)
• Philippines
6 Aug 08
metrobank has maestro only..i do not know if i can make a transaction with paypal if i do not have a credit card..i have a HSBC card this is an extension of my mom's card but this card still has unpaid bills and i think i will not be able to use it too..so i think i will just give up in trying to use paypal and will just stick to my moneybookers account to receive payments here in mylot.
@casper27 (134)
• Philippines
4 Aug 08
I am not verified at paypal too. And unfortunately I dont have credit cards and my eon card application was still on process according to that stup*d unionbank. Imagine after a month they are still processing my card? Iwas planning to cancel it already but that's the only way I can verify my account at paypal.
@coffeebeatnik (327)
• Philippines
4 Aug 08
It's good you opened this topic.I am paypal verified by way of their credit card validation.It would be good if the address of your card is your permanent one and if possible the same with your paypal address because some transactions like those on ebay would only send to verified members.You can always add another card and choose which one is your primary. I have not posted a bank account but hearing from you guys that Metrobank is good makes me happy because I have an account there that I can use.Take note that when you add another card you will have to wait for confirmation and paypal services will be temporarily limited.Another great thing is that I receive some e-vouchers in other currency and I just send them to my paypal and get them converted there with no fees collected.I've done some online transactions using paypal and so far everything had been hassle-free.
1 person likes this
@enihpesoj_zetroc (190)
• Philippines
5 Aug 08
hello ayessa,
thanks f0r bringing this 0ut..actually,i have been wondring if it(pay0ut) will really w0rk f0r me since i am just new here and i d0nt kn0w h0w to get verified.i even th0ught,can't get pay0ut even if i earn s0me d0llar here just by posting comments and having referrals c0z i gave up 0n trying to get verified thru my MBTC account.and bec0z 0f ya,i f0und 0ut..i g0t a wr0ng bank c0de[LOL].i entered the swift c0de 0f MBTC[st*pid 0f me t0 think it was the same as the bank c0de]lmaO..anyway,may i please ask if ya kn0w the difference between the tw0?..and may i kn0w als0 where or h0w did ya get that bank c0de u gave?[MBTC and BDO]and are y0u sure dear i c0uld use the same bank code since mine is in laguna branch?..have an acc0unt t0 b0th though,but fr0m what i've red fr0m ur p0st,MBTC is better..by the way, thanks t0 ya f0r being of help..y0u are a darling..Godspeed!..huGgz!
1 person likes this
@ayessa (1583)
• Philippines
6 Aug 08
I get the bank code of BDO at their branch where I have an account with. They say that all BDO branches have one bank code for paypal. I just don't know how did agicam gets the bank code of MBTC but according to him he already got his money from paypal using that code.
You can get verified using any debit/credit card with master or visa logo. Once you link your card the paypal will give you a code. you need to enter that code to get verified.
@enihpesoj_zetroc (190)
• Philippines
6 Aug 08
thanks ayessa dear,nice t0 have y0ur resp0nse s0oner than i expected..i appreciate the eff0rt dear.by the way,i d0n't have and e0n n0r credit card..and i'm w0ndering if there is any other way i c0uld get my acc0unt verified at paypal with0ut th0se?..lol!..[just a th0ught]..hehehe..huGz!
@JAN_yuanjia33 (108)
• Philippines
8 Aug 08
hi can i ask?? what if i dont have any account on bank?? but my mother plan for me to open a new account?? what should i do with the first step to withraw any amount of this?
