Help about banks for Paypal in the Philippines
By trishasantos
@trishasantos (1296)
Philippines
August 16, 2008 8:07am CST
Aside from Union Banks EON account. What are the other banks here in the Philippines where you can withdraw money for Paypal? I want to open a business and I need to know what are the other banks where I can open an account and linked my Paypal account aside from Union Bank. Because Union Banks are really far from my place. What banks do you use to receive payment from here? Thanks in advance.:)
3 people like this
7 responses
@julyteen (13252)
• Davao, Philippines
16 Aug 08
you can also apply debit card from BDO because their card can also be accepted by paypal. if BDO is not available in your area, BPI is also the best, you can apply their debit card. you can also ask your nearest bank if they have service like debit card that you can used it to verufy your paypal account. most of the bank now are offering debit card.
@julyteen (13252)
• Davao, Philippines
16 Aug 08
debit card also called savings account, it's like an atm that can be used only if you have funds on it. it is also called preloaded card. you reload or deposit money on your account first before you can used your card such as shopping online or in the mall. you can apply debit card from BPI, ask the teller that you want to apply a debit card. they have lots of service that you can choose other than debit card.
@trishasantos (1296)
• Philippines
16 Aug 08
Ohh, I see. Nearest in my place is BPI. I have another question, what are debit cards? I only have savings account before. What is the difference between Debit and Savings? (sorry, I have so many questions. Thanks for the response! :)
@trishasantos (1296)
• Philippines
16 Aug 08
I see. Thank you so much for the help. I really appreciate it. Now I know things that I needed to know. I'll go and ask BPI then, its the nearest here. Thanks again and happy mylotting! :)
@oliverdt (1958)
• Philippines
17 Aug 08
Hi trishasantos
, I dont have ioncard, I wanted to have one but like in your situation its not available here in my province. So I am using my BPI credit card to withdraw from paypal to BPI bank
. I have no problem with the transaction process from paypal to my bank. The only problem I have is how to earn more online 
. Take care and I hope you can resolved your problem soon.
, I dont have ioncard, I wanted to have one but like in your situation its not available here in my province. So I am using my BPI credit card to withdraw from paypal to BPI bank. I have no problem with the transaction process from paypal to my bank. The only problem I have is how to earn more online . Take care and I hope you can resolved your problem soon.@oliverdt (1958)
• Philippines
18 Aug 08
Hi friend, actually theirs a deduction from BPI when I withdraw my 50 dollar they deducted 100 pesos. Its not that big for a free money but the bank enjoy their share and we enjoy their service. Without them we cannot get our money from paypal. So we have a give and take situation here. But what if we want to withdraw 500 dollars now how much will the bank get from out money? I still don't know the percentage, maybe you can find it out yourself. I will then ask the bank if how much percentage they take everytime I withdraw my paypal from them. Until next time friend
, see you.
, actually theirs a deduction from BPI when I withdraw my 50 dollar they deducted 100 pesos. Its not that big for a free money but the bank enjoy their share and we enjoy their service. Without them we cannot get our money from paypal. So we have a give and take situation here. But what if we want to withdraw 500 dollars now how much will the bank get from out money? I still don't know the percentage, maybe you can find it out yourself. I will then ask the bank if how much percentage they take everytime I withdraw my paypal from them. Until next time friend, see you.
@roniroxas (10559)
• Philippines
16 Aug 08
how far is union bank on your place? you are only going to go there once to get your debit card so i think that is easy. atleast you are only going to go to union bank once. you can apply online and then you have to go to the bank when the card is ready for you can call them if the card is ready for you will receive email that saying that the card is ready for pick up. from my place union bank is far also but i've been there once only to get the card i can withdraw to ATM my earnings. you can try any bank if you have a credit card. if you want to withdraw it through bank i can advice you to get money bookers instead of paypal. hope i helped you o parang nangulo lang ako hehehe. have a nice and enjoyable weekend
@trishasantos (1296)
• Philippines
16 Aug 08
I will open a business and I'll use Paypal, so I need to go to banks every week. Well, I need to ride twice to get to Union Bank, so I am looking for other banks, nearest in my place is BPI. But I want to make sure it works, so I asked.
I have a question though, about money bookers, what is the difference with Paypal and the benefits and stuffs.
Btw, nope, hindi ka naman po nakagulo, dont worry, no problem with me. Thanks for the response, hope you can help me with money bookers. Thanks! :)
@mialei23 (2385)
• Philippines
17 Aug 08
Thanks for the informations! I want to get Eon card too but I heard that the release of the card will take so long, I think I will try BPI. Because there's a BPI booth who gives debit card for $100 sign up and verified it on BPI branches. No minimum deposit but the only disadvantage you can only withdraw a minimum of P500 every time you want to withdraw a money in your BPI card, but it's great I guess! Well, congrats for your EOn card, anyway I will still inquire to Unionbank nearby to ask If they can release the card immediately or it takes month because I need to verified my account right away.
@redzredula (466)
• Philippines
16 Aug 08
i dont either. i hope i can learn too. can you teach me how to get my earnings here through paypal and union bank? please. ^_^
@trishasantos (1296)
• Philippines
16 Aug 08
From what I've read before. For Union Banks, you have to have an EON account. You have to linked it to your Paypal account. You can see it in your account on Paypal. Then there are sort of confirmation stuffs. This is just what I know. But I know it works. I just hope there are other banks. I still dont have any bank accounts, but I want to open one, its just that Union Bank is too far, so I started this discussion.
1 person likes this
@redzredula (466)
• Philippines
16 Aug 08
thanks.what's EON by the way? i hope i can open one too. ill try it soon. have you known someone who have tried to claim it there already?
@SummerChick (513)
• Philippines
17 Aug 08
I don't exactly knew how much. But on my experience a few hundred pesos if the money you received is around 4K+ pesos.
