How do you transfer your money from Alert pay to your bank account?
January 26, 2009 9:12pm CST
This is my first time to make a transaction with alert pay because what I'm using is Paypal. I' currently here in the Philippines and for those people who have been using Alert pay, I just want to ask your help how you transfer money from Alert pay to your bank account. Is it the same with Paypal?
1 person likes this
27 Jan 09
I think most of us using Paypal in the Philippines receives money to our account through bank transfer because other means such as wire transfer and check are too costly. Unfortunately, we can only withdraw money from Alertpay either through check or wire transfer. Wire transfer costs $15 or $20 per transaction while there are lots of requirement when exchanging international check to local currency. You need a US dollar account (my bank has a minimum deposit and maintaining balance of $200) to en cash your US dollar check. Some banks accept only check with value not lower than $300.
27 Jan 09
Well, I didn't know that it would costs us that much to cash out money from alertpay. With paypal, they would only charge you if you withdraw below Php7,000 but if you have more than or at least Php7,000 in your paypal and you want to tranfer it to your account, then there's no charge for that.
27 Jan 09
Kabayan! You can request dollar check account from Alertpay and they will send it to your home address..The minimum withdrawal request in Alertpay is $20, but the thing is you will need a dollar account in Philippines banks. I am in Philippines too. I deposit my alertpay check in dollar account in my bank here. Banco De Oro has the minimum dollar account opening of $200..They are the only bank with small minimum deposit. Other option is you can exchange with other members here who has paypal funds. I can exchange your alertpay if you only want too.