How to send and receive money via Western Union
June 5, 2008
Here’s some useful information regarding how to send and receive money through Western Union. Transferring money via Western Union is convenient and easy because once the transaction is approved, the receiver can pick up the money right away (depending on the hours the Agent is open).
In order to facilitate a money transfer or funds pick up, you first need to visit a Western Union agent. Agent locations may be in supermarkets, grocery stores, check cashers, mailbox centers, drug stores, travel agencies, depots, and other retailers. In some countries, they may be in banks, travel agencies, post offices, airports, train, and bus stations, and currency exchange offices.
To search for a Western Union agent in the Philippines and worldwide, click here.
Electronic Funds Transfer of Google Adsense earnings in the Philippines?
May 31, 2008
Google Adsense recently announced that publishers in Hungary and Hong Kong are now able to receive their Adsense earnings via Electronic Fund Transfer or EFT. Through EFT, earnings are deposited directly to the publisher’s bank account in his country. Payments are made in the local currency and converted using the exchange rate at the time of the payment.
EFT definitely saves one’s time especially if the publisher’s current mode of payment is checks, which arrive several weeks later. In the Philippines, publishers can be paid via Western Union but the hassle of visiting a WU branch will be gone if EFT is to be implemented.
New scam using fake Paypal email
February 7, 2008
A Pinoy Money Talk (PMT) member emailed me yesterday to ask whether a Paypal transaction she is planning to enter into is a scam or not.
Apparently, some guy supposedly from the UK contacted her asking help to transfer Paypal funds. The guy claims he plans to visit the Philippines and needs help moving funds to the country.
This should already raise a red flag. Never, ever agree to such transactions because you may unwittingly be a conspirator to money laundering. A suspiciously large amount being withdrawn to a Philippine bank account raises the bank’s alarm and if you could not properly explain how you got the amount and why you are transferring money, you may be charged under the country’s Anti-Money Laundering Law.
Xoom to BPI money transfer now only takes hours
November 28, 2007
Money transfer Xoom.com recently announced that they partnered with one of the Philippines’ largest banking institutions to deliver fund transfers in just a few hours, as opposed to days which is the usual case.
In an email to all users, Xoom explained that:
Bank deposits to the Bank of the Phillipine Islands (BPI) will now be available in your recipient’s account in just hours — instead of the next day!
This direct partnership with BPI will make bank deposit money transfers to your recipient’s BPI account much faster than before.
I have personally used Xoom to transfer funds to my local bank accounts and it usually takes 2-3 days before transactions are completed. This change is definitely a nice Christmas gift to all Xoom and BPI account holders because they can get their money faster.
Now if only Xoom can address users’ common problems of cancelled transactions without explanation, rejected transfers, and sucky customer service…
