PayPal Philippines can now receive payments

September 28, 2007

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, Philippines

Christmas has surely come early to online Filipino earners.

First, Google today surprised Adsense publishers in the Philippines by offering payments via Western Union free of charge. Now just a few minutes ago, PayPal started offering Philippine-based accounts the ability to receive payments from any PayPal account holder.

That’s right. PayPal’s official website now shows the Philippines as a Send-Receive-Withdraw country, meaning PayPal Philippines account holders can send AND receive payments, AND also withdraw funds to a bank account in the US or to a credit, debit or prepaid card.

See it for yourself: Visit Paypal

Our members have confirmed that, indeed, they can now accept PayPal payments. Read more in PMT Forum’s PayPal Philippines can now accept payments thread.

Related reading:

How to open a PayPal Philippines account
Use your UnionBank EON or eWallet account with PayPal

Thank to PMT member jrb for being the first to give us the heads up.

Click for more interesting, useful and related posts:

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Written by James | PinoyMoneyTalk.com · Filed Under PayPal Philippines

Join the discussion! Post a comment below

http://pulse.yahoo.com/_OKC5F7FLU54VMLXTCMFXDBWTUY RJ

Hi everyone, Paypal can only be useful if you have a visa/mastercard/am express card and all cards alike linked to your account. You will be blinded by some advertisement that it’s the quickest way of transfering fund, but trust me, IT’S NOT because I have already tried.

You can only withdraw money if you have the above mentioned card. YOU WILL NOT BE ABLE TO WITHDRAW THE DESIRED AMOUNT YOU WISH if you only have a cash card/atm card linked to your bank account so don’t even try. And the only other way to have your money back is to create another PayPal account. Originally I have sent £108 but due to unable to withraw this amount in the PHILS, i have send it back to my other paypal account, and gues what, I have only received £93.50 after all the charges imposed.

Aside from that, it will take 2-4 business days to withdraw from your registered account(bank account) so it is pointless and NOT COST EFFECTIVE TO USE PAYPAL TO TRANSFER FUNDS, aside from the charges that your bank imposes.. I think this is the worst issue that needs to be resolved.

If I will Rate this services by PAYPAL it woulb be -2 out of 10.
Musa755

I
If you are interested to Get your Fully Verified Paypal Account in Philippine, Just let Me know, I Can give you Paypal Account at your own name at very Cheap Rate. You just Contact me

Pakpost20@yahoo.com
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- AntiScammer
  
  Dont believe this! This is a SCAM! Anyone can apply for paypal account and it’s free until you use it to transfer funds. I think everyone is smart enough to avoid this.
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ebaysellerusingpaypal

Interesting. I am based in the US. when i go to the philippines on several months vacation, i use my paypal ATM Debit card to widthraw cash. guess what, it works in any ATM machines like BDO and whatever in the philippines. i never had any issues. paypal does not charge any conversion fees from dollar to pesos. only the actual BDO (banco de oro) or whatever bank owned the machine will be charging 200 pesos (about less than $5US) per transaction ($200 limit / 10,000php limit widthrawal per day). So yeah, Paypal issued me a “Paypal Debit Card” because i run a business. Maybe you can apply for that. It was free. No charges. ANother best thing, if you use it as a credit card instead of a debit card, you get 1% cash back ! No gimmicks. I guess paypal will see if you are a spender and a seller through your paypal history, and they will invite you to sign up for the business account. If you have family in the Philippines, it is best you give them a Paypal Debit ATM card. It’s the most economical way to send money. I have tried western union, direct bank transfer, and this is the most convenient so far. my business is selling on ebay.
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