Pinoys! Help me on my Paypal. Please

Paypal - logo of paypal verified.
Philippines
November 29, 2009 10:50am CST
Guys, just want to ask if what will I do to withdraw my earnings on paypal? First I should be verified right? I just applied for Smartmoney this morning for that. But I don't know if I can withdraw it directly? If not I should have a bank account to link it to my paypal right? Can you recommend a bank or a procedure that will be easy for me to withdraw my earnings? Thank you very much and happy mylotting!
2 people like this
13 responses
@danitykane (3190)
• Philippines
30 Nov 09
hi charmz, I have my paypal account verified just recently. In my case, I used my credit card for verification of my account, then for receiving money I link my savings account which is also my atm card to my paypal. If you happen not to have both, you can try eon of union bank. I actually want to try it out but got no time to visit one of their branches. You can check out their web page and it will tell you how it works. And by the way, they need your TIN number make sure you have one. Because I tried to call their office in Makati and they ask for my TIN since I am working already. Happy Lotting!
1 person likes this
@rjvb26 (2518)
• Philippines
30 Nov 09
O yes they need your TIN, but if you do not have a TIN, i think SSS number will do and an ID. I only give them SSS number and they allow me to have one.
• Philippines
30 Nov 09
oh that's great! Oh I hope he got an SSS or at least an SSS number. Do you have it charmz?
• Philippines
30 Nov 09
Thanks for the response, I already applied for Smartmoney so that I can verify my paypal account. Well, I think I'll just be opening a savings account on Unionbank and linking it to my paypal right? Or there's much better thing to do? I already have my TIN even though I'm still not working because they ask me for it when I was getting my student driver's license.
• Las Pinas City, Philippines
29 Nov 09
go to unionbank and get an eon cyberaccount that is the only paypal accredited i guess in the PH.. you only need a 2 photo copy of your 2 ID's and a TIN number if you have but if you are just a student you need something like a statement of account from your school. But i guess that depends on what branch of Unionbank you will apply coz my sister applied in tuguegarao city (that's where she lives) she only needed a photo copies of her 2 ID's. with your eon cyberaccount you can get it after a week and it will be activated after a week also..there is no maintaining balance and it is a debit VISA card which means you can also use to purchase online (if there is a balance in your account). you can also access your account online (unionbank website). it only takes 3 days to withdraw your money from paypal (meaning you receive your money you withdraw from paypal in just 3 days). hope this helps you...happy mylotting
• Philippines
29 Nov 09
Thanks for the reply. Yup, I'm still a student by I already have my TIN because I just got my student license where they said I needed to get a TIN number. So what account type should I get? I'll just say that I wanted to open a cyberaccount? How much is the minimum deposit?
@yan_blue8 (1438)
• Philippines
29 Nov 09
Hi charmz! I didn't have my paypal account verified yet but I got some info which i found here in mylot too. Andrey said, there is no maintaining balance for the card. However, when you open one, you need to deposit at least php100 or more because $2 will be taken out from the card for verification purposes.You will have that refund when you have your Paypal activated. Hope this helps
• Las Pinas City, Philippines
29 Nov 09
yan is right paypal will take something from your eon card for verification process but they will send it back to you.
• Boston, Massachusetts
29 Nov 09
Hi Charmz, My paypal account is link to Unionbank. So better that you open an account with them or maybe you can ask them for some details. But you can explore other options than opening a bank account if there are other ways. It will save some money. But is there is really a NEED, then you can check it out with Unionbank. I don't know other banks connected with paypal. Goodluck!
• Philippines
29 Nov 09
Thanks for the response. Yup, a lot says that I should go to Union bank because the rates of transferring money from paypal to bank account is cheaper compared to other banks. I was just wondering if Smartmoney could withdraw it directly to them, but I hope it's still impossible now because I've heard others failed doing it.
• Boston, Massachusetts
29 Nov 09
okay. so goodluck. check it out first in the net and read more about it so that yo will be more equip when you finally make your decision. then be candid enough to ask the bank for some more information to enlighten you!
• Philippines
29 Nov 09
Thank you for your response. I'll make sure everything about transferring money would be clear on me so that I wouldn't have any mistakes. Thanks for your help.
@ybong007 (6656)
• Philippines
1 Dec 09
You can check union bank's EON card, check their website on how to apply for one or you can visit any of their branches. I believe, Union banks's EON card is the most used card when it comes to online transactions. Cheers!
• Philippines
1 Dec 09
Thanks! I'm looking forward to these days to go to a near branch here and apply for a savings account on Unionbank. I think I won't be needing the EON debit card for verifying because I already have the Smartmoney. Thanks!
@marites31 (267)
• Philippines
30 Nov 09
good day everyone,thanks for the information. im learning a lot from this topic, i have not yet reached the minimum pay you out in here because im on and off but at least now i know how will i withdraw once i reached the min pay out, sorry charmz, im not able to share you something from this topic.
• Philippines
30 Nov 09
You don't need to say sorry, we're all here to learn something and your free to ask anything. Good luck to our earnings
@locohboi (55)
• Philippines
1 Dec 09
you can link your smart money there,me i link my bank account and it is verified,that allied
• India
30 Nov 09
You just need to give your email address of paypal to the site which pays you then they will automatically transfer the amount to your pay pal account , no need of bank acounts.
@rjvb26 (2518)
• Philippines
30 Nov 09
Dude! I am using eon debit card from union bank. You need to apply for that, cause it can be verified with your paypal account. But before you verify your union bank eon debit card, you still have to wait for almost 3 weeks, just like what union bank instructed me. And then after that, you should also register at union bank online banking, you need to register that eon debit card then wait for two days. Then verify your paypal with your debit card, paypal will get an amount of 1.95 dollars for the process of verification. But they will return the $1.95 to you. After the account is verified, and then you can now withdraw money to your paypal account and deposit it directly to your debit card. That is the process, when using an eon debit card of union bank. You can call union bank on how you can acquire a debit card, they will give you all the instructions and requirements that you need to open for one. You do not need a large amount of money for that.
@sunnycool (12736)
• India
30 Nov 09
Paypal alows its members to transfer the money directly to their bank accounts if at all it is an NEFT bank.which means the bank account you are going to add must accept money transfers from all over the world. Hope this works for you.gud day.
• China
30 Nov 09
charmz,i m a newcomer here, and i know nothing about it,i have the same question with you!!
@hhmfw0 (45)
• China
30 Nov 09
I haven't applied a paypal yet and also don't know how. Just searched on the internet but seems very complex.
@vipulchawla (2220)
• India
30 Nov 09
There are 3 ways to withdraw the money from paypal, I am aware of. However I am very uncertain about one of the ways i.e withdrawing money via cheque because I have never tried this and moreover its not applicable for me either. I have got my account verified using a credit card however, you can get your account verified using a debit card too. In both the cases, Paypal sends you a pin which u need to re-enter to complete the registration process. Withdrawing money becomes more secure if you are a verified paypal member. However, i have heard people saying that they withdrew the money even though they were not verified users. Now coming on to the ways, you can either withdraw the money directly into your bank account for which you will be charged 50Rs (1$) if the amount is less than 7000Rs (140$) and no charges if the amount is more than that. If you are withdrawing the money to your credit card, you will be charged 5$ for the transaction. However, in boht the cases, there will be some fees from the bank too.
@agv0419 (3027)
• Philippines
30 Nov 09
I don't know about Smartmoney and it is also my problem. I'm planning to apply for eoncard in Unionbank because it is the easiest and cheap way to transfer money to paypal.