Have you tried the Paypal Encasher?
By chiwasaki
@chiwasaki (4694)
Philippines
November 4, 2015 8:19pm CST
Here in the Philippines, if you have a Paypal account, you need to increase your funds before you can transfer it to your bank without any charge. Withdrawal of your funds may also take some time.
However, I encountered some Paypal encasher that are legit and they post proof of transfer. You can transfer Paypal funds to them and they can transfer it to you right away to your bank such as BDO, BPI and Union bank or using money transfer such as Western Union. The charge is very low and this is very convenient for me.
Have you tried these Paypal Encasher?
7 people like this
7 responses
@antonbunot (11091)
• Calgary, Alberta
5 Nov 15
Have not used my paypal account since last December, 2014. Is there no paypal enhancer yet, in which our money in paypal increases for no reason at all?
3 people like this
@antonbunot (11091)
• Calgary, Alberta
8 Nov 16
@chiwasaki You like it . . I like it, too . . but Prez Duterte for sure does not like it . . as it is like his politicians stealing money intended for projects. 
@carexing25 (1818)
• Philippines
5 Nov 15
haven't heard of that yet.. can you tell me more about that Paypal encasher, a particular site or name,perhaps
2 people like this
@carexing25 (1818)
• Philippines
6 Nov 15
@owlwings thanks i'll try to check this one out
1 person likes this
@chiwasaki (4694)
• Philippines
8 Nov 16
There are several trusted ones. Make sure to check their profile.
@SIMPLYD (90722)
• Philippines
6 Nov 15
@jvincent_129 Not actually because it has the annual fee of 350 pesos .
1 person likes this
@jvincent_129 (4994)
• Philippines
6 Nov 15
@SIMPLYD If you are using this card often then, I guess it is worth it. Dont you switch to a different Unionbank card?
1 person likes this
@jvincent_129 (4994)
• Philippines
5 Nov 15
I havent tried this. I cashed out one time, had no choice because I need the money and the limit is still far from the amount. Do these Paypal Encasher have names?
1 person likes this
@owlwings (43915)
• Cambridge, England
6 Nov 15
@jvincent_129 That is what I would have expected. Anyone setting up a service like this would have to charge for it. P7000 is roughly $150, however, so there may be situations where it is beneficial to use the service on the grounds of speed or where the fees they charge (as a percentage of the amount) are less than PayPal's fixed charge - for example, for amounts less than about P500.
1 person likes this
@jvincent_129 (4994)
• Philippines
6 Nov 15
@owlwings Well, the fees they are charging are more expensive than direct transfer from paypal to the bank account. You only get charged P50 for transfer less than 6999. And greater than 7000 its free.
1 person likes this
@Freelanzer (10745)
• Canada
5 Nov 15
Never heard of them but I won't need to use it. Paypal is like my bank so I only withdraw what I need when I need and it takes about a week which is fine with me
2 people like this
@jvincent_129 (4994)
• Philippines
5 Nov 15
Good for you. In our country, paypal is not the main account wherein we handle our monetary activities. We transfer them to bank accounts after earning.
1 person likes this
@owlwings (43915)
• Cambridge, England
5 Nov 15
Here is a review of several of the available encashers. I can't vouch for the accuracy of the review, of course, but it does give a little more detail about the nature of the services and how much they charge.
The idea is to send your PayPal balance to the said service, then their agents will transfer the cash equivalent (less their fees) to your bank account within minutes of clearing time. That makes r...
1 person likes this
