Paypal funds withdrawal in the Philippines
December 28, 2010 2:56am CST
I just want to seek information on how to withdraw my money from paypal. Others say that Unionbank EON works fine. But I want to know mylotters' experience with this. I want to have a bdo account and withdraw my paypal funds to it but I don't know how. Some say you your bdo account have to be a visa card? And they also say bdo deducts Php200.00 every transaction. How true is this? Please help me. Can I link Unionbank EON card to paypal? I want to know those banks whom I can withdraw my money with for free. Please help guys. :)
30 Dec 10
I have a paypal account and it's tied up with my RCBC Bank account. When you enroll with paypal they will ask you for your bank account, I believe that you can cash it in with the big bank players like bdo, rcbc and union bank. Free of charge for withdrawals P7000 up, P50 for withdrawals P6,999 below, and P250 if you want to withdraw your funds through your credit card. They also have a minimum of $10 and/or P500 before you can withdraw. If you don't have one yet, here's the link: https://www.paypal.com/ph/mrb/pal=GEALFPGGTKNCQ to get you started. Just copy this link to your browser.
28 Dec 10
You can link your EON Union card on your Paypal account and withdraw the money. About BDO, well I have read a lot of complaints about the deduction or transaction fee but I am not that sure about Php200. If you want to be safe, then just enroll a Union bank EON, their annual fee is Php350, but per transaction costs only Php50.00 if the amount is less than Php7k.
28 Dec 10
I heard about that situation, but we cannot see if BDO system is like that as long as not find out direct from them.. I have BDO account also (ATM) means debit account which I think paypal accepted also.... so as I know just advice paypal for transfer to your account (like BDO) then you can use, withdraw it but about fee will find out... see you around