Paypal VS Moneybooker ...
By myliezl0903
@myliezl0903 (2726)
Philippines
July 16, 2008 1:02am CST
These are the payment processor we use in mylot.,and a lot of us here has a problem on how to withdraw money from this account.,i am from manila, philippines and i am currently using moneybooker as my payment processor here in mylot.,haven't tried to withdraw money from this cause i don't have enough funds yet, but my friend got hers last month.,she is also using moneybooker.,and she said the only thing she didn't like about it is the fee for every transaction you will do with moneybooker.,it will cost you around $2.79 ., and that is kinda big amount., we work so hard here to get that amount, it will take you 3 to 5 days for you to earn that and then what? it will just goes to a certain fee that for moneybooker.,hmmmm,.not good huh!
i also heard about paypal here in the philippines and a lot of filipinos doesn't know how to handle this.,i don't have a credit card and up until now my paypal account is not yet verified.,well some says for us to be verified., you must have to link your credit card or debit card.,but what if we don't have one., can we still use our paypal? geee! i've seen lot of questions regarding this here in mylot.,can somebody here who can help us on how to use paypal and be verified? what card do we need to add in order for us to withdraw money? 
1 person likes this
3 responses
@se7enthbird (8307)
• Philippines
16 Jul 08
i am a paypal member, and i got a debit card under union bank. i dont have any problems with paypal and with union bank. i got my earnings twice already. paypal gets 5 dollars in every transaction but that is their right. if they will not get extra from us then their business will shut down. those fees are thier earnings. i have a friend who use to be on money bookers but she cant widrow her earnings on just putting a debit card, money bookers needs to have a saving account verification too. so my friend advice me to use paypal than money bookers. she use money bookers before and now she is a paypal user for paypal, you can withdraw with just verifying your credit or debit card. just verify your debit card at paypal, it is easy because it is user friendly. by the way i am from marikina philippines.
@myliezl0903 (2726)
• Philippines
16 Jul 08
nice to see you here in mylot! thanks for your help., i am really confused about the fees., in moneybooker they got $2.79 & in paypal you said $5 right? i thought its P50 per transaction? hmmmm ., 
@myliezl0903 (2726)
• Philippines
18 Jul 08
for international bank transfer ., moneybooker fees are $2.90 ., and that is P130.50 pesos in the philippines ., that is not fair too! we work hard for that amount thats why we were trying to look for another option which will give us cheaper for withdrawal transaction fees ., 
@se7enthbird (8307)
• Philippines
18 Jul 08
http://www.mylot.com/w/discussions/1605641.aspx you can look at this discussion too so you can learn a lot. even if we complain that paypal is getting a lot or moneybookers is getting a lot that is the rule nd if we dont like it they are not forcing us to do so.
@myliezl0903 (2726)
• Philippines
18 Jul 08
hmmm, is there any payment processor that don't charge any withdrawal fees? you're from what country anyway ., ???
@creationhub (3066)
• Malaysia
16 Jul 08
Paypal has come up a long way since it started. They are more flexible in the members' usage. The ability to have your funds transferred to any visa credit or debit card is one of the best ever.
I use Moneybookers too. I think their rates are among the lowest if not the lowest. I'd recommend people to use it. They are reliable so far.
@myliezl0903 (2726)
• Philippines
16 Jul 08
yeah, i am using moneybooker for mylot ., but their fees are around $2.79 right? that is every transaction ., what if you only got 10dollars from your account and they will take the fees for that you will only get 75 percent of what you have earn here.,
