minimum amount to withdraw / myLot

Makati, Philippines

April 28, 2012 1:35am CST

Hello mylotters and to those paypal members from the Philippines. I just want to ask if there is a minimum amount of money, in Philippine peso, if i will withdraw it to a bank account? Or i can just transfer any amount even just less than 500 pesos or less than approximately 12 dollars? Thank for your responses in advance. :)

3 responses

florizel

@florizel (58)

• Philippines

28 Apr 12

The minimum amount to withdraw via paypal is 500 php or 10 dollars.

1 person likes this

erjn

@erjnsimon (1191)

• Makati, Philippines

28 Apr 12

Ten dollars is not equivalent now to five hundred pesos. Because i think the exchange rate for peso to dollar is that approximately 42 is to 1. Which means, i can't withdraw for less than that amount in philippine peso.

florizel

@florizel (58)

• Philippines

28 Apr 12

if your account is in dollars you can withdraw $10 and you can convert it to php. even if its less than 500 php you can withdraw it. but if your account is in peso the minimum is 500php.

erjn

@erjnsimon (1191)

• Makati, Philippines

28 Apr 12

You mean that i can withdraw the ten dollars to my bank account, but how can i convert it to peso by the way if it was withdrawn already? In addition, what does paypal mean about the return fee?

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varier

@varier (5685)

• Indonesia

28 Apr 12

It depends on what type of currency that you own on your Paypal account. If it is in PHP, the minimum withdrawal amount is 500 PHP, and if it is in USD, the minimum withdrawal amount is $10. If your currency type on your Paypal is USD, and the currency on your bank is PHP, then there would be automatic currency converting. You should be able to check the exchange rate from withdrawal page, anyway.