Receive PayPal in the Philippines with PMT’s Pinoy PayPal Service
October 23, 2006
UPDATE (9/28/2007): PayPal Philippines accounts are now eligible to accept payments. You may want to read the article: PayPal Philippines can now receive payments
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For a limited time, PMT's Pinoy PayPal Service is again offering the Receiving PayPal Service. This is to help Filipinos or anyone in the Philippines receive funds even if they don't have a PayPal account or possess only a limited PayPal Philippines account.
To avail of the service, fill up the Receiving PayPal Transaction Request Form.
To protect PMT's PayPal account from fraudulent transactions, not all requests will be accommodated. To increase the chances of having your request processed, submit a scanned copy of a valid ID (with your name and address) to futuregizmo (at) gmail (dot) com upon submission of the Transaction Request Form. Do note that your request can still be processed even if you did not submit an ID copy as long as the payor is a Verified PayPal member or has been proven to be a reliable payor.
If your request is approved, details on how to receive funds will be sent to your email. Funds received are then converted to peso using the closing exchange rate in http://business.inq7.net/forex/. The peso funds are sent to your local bank account via the online fund transfer facility in PMT's UnionBank account. Note that it may take up to 3 banking days (depending on the receiving bank) before sent funds are credited and upon receipt, your bank may charge an additional fee. If you have a UnionBank account, however, transfers can be done real-time on the same day.
PMT charges 4% (minimum of $4) per Receiving PayPal transaction.
If you have questions or clarifications, visit the Pinoy PayPal Service Questions and Comments thread. To read feedback about the service, drop by the Completed Transactions Feedback thread.
Submit a Receiving PayPal request using the Transaction Request Form.
[tags]PayPal Philippines, PayPal, Pay pal, Pinoy PayPal, Philippines PayPal, send paypal philippines, receive paypal philippines[/tags]
[Oct 23-29, 2006 Questions] PMT’s $0.25 Weekday, $0.35 Weekend Trivia Game
October 23, 2006
Here are the Trivia Game questions of the week. Correct answers posted on weekdays win $0.25 while those posted during weekends win $0.35.
Before you start, read and understand the PMT Trivia Game Rules first. Once you're all set, drop by the [Oct 23-29, 2006 Questions] $0.25 Weekday, $0.35 Weekend Trivia Game thread.
QUESTIONS FOR OCTOBER 23-29, 2006
Google Adsense Tips to Optimize your Ads
October 22, 2006
Here's a recap of the five optimization tips from the Google Adsense blog during the August Optimization Month.
Adsense Tip 1: Test and track your ads using channels
Summary: Utilize channels to find out which location, type, and color of the ad generate the most clicks so you'd know which high-paying ads to use.
Adsense Tip 2: Design the “perfect” ad
Summary: The "perfect" ad is one that generates a lot of clicks based entirely on its color, type, and location in the site. You don't get to decide which ad is perfect, it's your site visitors' call. Thus you need to analyze how they "behave" in your site in order to know what ad "clicks."
Adsense Tip 3: Increase earnings with other Adsense features
Summary: Adsense is not just about ads. Referring others to use Google products, monetizing searches, and offering the site to targeted advertisers will definitely help increase your earnings.
Adsense Tip 4: Know your audience and find out who’s clicking on your ads (and who’s not) — and why
Summary: With Google Sitemaps and Google Analytics (and other site analysis tools), it's become easier to determine who your site audience is. Armed with this knowledge, you can find ways to tweak your site to generate more ad clicks and, consequently, Adsense earnings.
Adsense Tip 5: Monitor performance, evaluate results, and know what to do next
Summary: Monitor the performance of your account, evaluate the results of your ad campaigns, and plan your next steps based on the assessment results.
Want to know more Adsense tips or want to share your own Adsense experience? Join the Google Adsense thread in the PMT Forum.
[tags]Google Adsense, adsense, optimization tips, increase ad clicks, Google Sitemaps, Google Analytics, adsense guide, adsense basics, adsense tips[/tags]
Optimization Tip 5: Monitor performance, evaluate results, and know what to do next
October 21, 2006
Google's final optimization tip: Monitor the performance of your account, evaluate the results of your ad campaigns, and plan your next steps based on the assessment results.
Of course, you start tracking the performance of your ad units using Channels in your Adsense account. You use channels to compare performance of ads of varying types (should I use banner or leaderboard ad?), in various locations (should I place the ad at the top or bottom of the site?), and in different site pages (should I change the format of ads to be used in the Contact Us and About Us page?).
But you should not be restricted to the features within your Adsense account. Utilize Google Analytics and be able to see who's coming to your site, where they are coming from, how long they are staying, and in which pages they are visiting. Google Analytics helps you implement changes to your site by providing detailed statistics and analysis of visitors to your site.
Metrobank’s Investment Products
October 20, 2006
Metrobank is the largest Philippine bank in terms of assets and overseas presence. The bank's total capital funds on June 30, 2006 stood at P57.3 billion. It has a combined network of over 800 local and international branches/offices, remittance offices and subsidiaries in the Philippines and around the world. For more details about the Metropolitan Bank and Trust Company, read the Metrobank Overview article.
Following is a summary of investment products offered by Metrobank.
Treasury Services
Purchase & Sale of Government Securities
As an accredited Government Securities Eligible Dealer (GSED), Metrobank offers Treasury Bills, Retail Treasury Bonds, or Fixed Rate Treasury Notes (FXTN) for tenors ranging from 3 months up to 7 years. Minimum investment amount is P1,000,000.
Purchase & Sale of USD Government Securities
Metrobank is an accredited dealer of US dollar-denominated Philippine Government Securities for all tenors. Minimum amount for investment is US$50,000.
Unit Investment Trust Funds (UITFs)
Metrofund Starter
A UITF investing in a diversified portfolio of high-yielding fixed income securities.
| Fund Classification | - Intermediate Bond |
| Min. Initial Participation | - Php 50,000 |
| Min. Additional Participation | - Php 50,000 |
| Maintaining Balance | - Php 50,000 |
| Investment Horizon | - At least 1 year |
| Holding Period | - 30 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 2.0% p.a. based on NAV of the Fund |
| Other Fees | - 0.015% p.a. Custody Fee |
| Applicable Tax* | - 20% Final Withholding Tax |
| Dealing Day | - Daily up to 12:00NN |
| Redemption Settlement Date | - Next banking day from date of redemption |
| Benchmark | - 91D Mart1 T-Bill Rate |
| Valuation | - Marked-to Market |
Metropolitan Bank and Trust Company (Metrobank) - Overview
October 19, 2006
The Metropolitan Bank and Trust Company (PSE: MBT), commonly known as Metrobank, is the largest bank in the Philippines in terms of assets and is also the largest Philippine bank in terms of overseas presence.
Metrobank (www.metrobank.com.ph) was established by a group of businessmen on September 5, 1962 at the Wellington Building in Binondo, Manila. In August 1963, the bank's first branch was established in Divisoria. Four years later, Metrobank opened its Davao branch, the bank's first provincial branch. At the onset of the 70s, Metrobank opened its first international branch in Taipei.The Metrobank Group has a combined network of over 800 local and international branches/offices, remittance offices and subsidiaries worldwide. It has 557 domestic branches and 32 offices in New York, Hong Kong, Tokyo, Osaka, Seoul, Pusan, Guam, Taipei, Kaohsiung, Madrid, Barcelona, Vienna, Rome, Bologna, Milan, Singapore, Chicago, Hawaii, and Shanghai.
The bank's total capital funds on June 30, 2006 stood at P57.3 billion. Its consolidated resources amounted to P588.1 billion as of the same period.
PayPal Philippines FAQ
October 18, 2006
Here are frequently asked questions related to PayPal Philippines and PayPal accounts in general.
Can I receive and send funds with my PayPal Philippines account?
Your PayPal Philippines account is a limited, send-only PayPal account. You absolutely have NO ABILITY at the moment to receive any funds and you can send funds only after you have attached a valid credit card to your PayPal account. You can’t also fund your account. When making an online purchase using PayPal, PayPal will automatically charge your credit card with the transaction amount.
More explanation and discussion of these limited functions can be found in the Finally, PayPal Philippines is here! thread in the PMT Forum and the When purchasing online, which is better: send-only PayPal Philippines account or credit card? article.
Why does my PayPal account have only send capabilities?
PayPal’s explanation: Due to the complexities of global finance, members in certain countries and regions need to meet criteria to fully utilize our system, but this is not a reflection on the customer. PayPal is constantly working to expand and improve services for our customers. We hope to expand our features for these countries and regions, but we cannot give a timetable for this expansion.
To expedite the offering of full PayPal services, the Philippines has a critical job of convincing PayPal that appropriate banking regulations and legislation related to money laundering, online fraud, and identity theft are in place and strictly implemented. Everyone is therefore compelled to act. PayPal Philippines customers, banks, legislators, and regulatory agencies, among others, must do their share to show PayPal that the country adheres to the accepted rules of global finance.
Living a financially-free life in your 60s
October 17, 2006
Congratulations! It’s time to enjoy the fruits of your labor while still making your money work for you.
People think of the 60s onwards as a swinging time — you can choose not to work and opt to play with your grandchild, do 18 holes of golf or be at the mall the whole day. Ideally, you should be able to sit back and enjoy life. However, senior citizens have to face increasing health care costs, and shrinking income.
If you have diligently taken care of your personal finances in your younger years, this may indeed be a time to fully enjoy the rewards of years and years of working. You may just live on the interest income from your investments.
But if you were not able to prepare for your retirement years adequately, you should take steps to ensure that you will still be financially capable to meet your needs.
The tips below will be of help to all senior citizens money-wise.
When purchasing online, which is better: send-only PayPal Philippines account or credit card?
October 17, 2006
If you still need a valid credit card to use in your PayPal Philippines account, which then is better when purchasing online: using your send-only PayPal account or paying direct with your credit card?
PayPal Philippines account holders find themselves in this dilemma after discovering that the only thing they can do with their PayPal account is purchase online and still, can only do so if they attach a valid credit card to their account. (For a list of functions you can and cannot do with your PayPal Philippines account, read the "How to open a PayPal Philippines account" article.)
If this is the case, isn't it cheaper, easier, and better to simply use a credit card to make an online purchase? Well, not necessarily. Below we list the Pros and Cons of using a send-only PayPal Philippines account as opposed to making a direct online purchase with your credit card.
National Life Insurance Company’s Term Plus Products: 8% and 10% p.a.
October 17, 2006
NOTE: We have started the Investment Products series that compiles deposit and investment products offered by banks and financial institutions in the Philippines. These articles are for informational purposes only, they do not constitute an endorsement or recommendation by Pinoy Money Talk.
Product Name
Term Plus
Product Description
A combined term life insurance and financial product offered by National Life Insurance Company of the Philippines. It is said to be a low-risk and moderately high-return passive investment vehicle.
TWO (2) OPTIONS OF TERM PLUS
(1) COMPOUNDED INTEREST OPTION - Guaranteed 8% Interest Per Annum
Sample Investment: P1,000,000
In 10 Years, your money is P2,158,925*
In 25 Years, your money is P6,848,475*
In 50 Years, your money is P46,901,613*
Minimum Investment: P1 million
Offer ends on November 2, 2006
(2) MONTHLY INTEREST INCOME OPTION - Guaranteed 10% Interest Per Annum for 5 Years
Sample Investment: P1,000,000
P1M X 10% p.a. = P100,000*
P100,000 / 12 months = P8,333.33* every month for 5 yearsTotal Income in 5 Years: P500,000*
Minimum Investment: P500,000
** Actual figures will depend on the age of the investor. The actual figures can be seen if you request for a proposal.
The Term Plus product is exempt from withholding and estate taxes. The principal is said to be insured through the use of reinsurance companies.
Discuss this product
Join the discussion of this product in the National Life Insurance Company's Term Plus Product: 8% and 10% per annum thread in the PMT Forum.
tags]investments Philippines, insurance Philippines, National Life Insurance Company, investment products, high yield investment, high return[/tags]
