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
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.
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]