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Getting paid with Paypal.. How satisfied are you?

jjme5 · 9 · 4070

jjme5

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I have an online english tutoring company and I'm looking to pay my staff via paypal.

Which bank should I have them open accounts at so that I can pay them through paypal? Is there any bank with the least amount of fees with the fastest service?

Thanks!

-JJ
« Last Edit: Sep 05, 2011, 12:41 AM by FutureGizmo »


OnePiece

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Reply #1 on: Sep 04, 2011, 04:29 PM

I have no problems with BPI, so far  :cool2:


quantumrock

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Reply #2 on: Sep 04, 2011, 07:52 PM
Try Unionbank. Unlike other banks, they are very familiar with paypal even their customer service.


elmostreet

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Reply #3 on: Sep 05, 2011, 07:20 AM
I think almost all banks here in the Philippines ay pwedi basta ang importante ay meron silang tracking or routing number.


Ping

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Reply #4 on: Sep 05, 2011, 12:51 PM
I liked Unionbank's EON the most.


 :rakenrol:


binoy

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Reply #5 on: Sep 10, 2011, 11:45 PM
Try Unionbank EON, as sir Ping and quantumrock suggested. Your staff can use their EON cards to verify their account.

I've also been using Unionbank for more than a year now and it works fine for me.


freelancer_babe

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Reply #6 on: Sep 25, 2011, 10:17 AM
Since the payment is given regularly, then Unionbank is the cheapest route so far. Unionbank doesn't charge any incoming remittance fee from Paypal funds. The only downside to using Unionbank is that they have too few ATMs and branches in the country. Just open an EON, savings or even checking account (the one with the e-wallet) with them.

What I do is to transfer funds from Unionbank to Smart Money using a mobile phone, then withdraw from Smart Money from any BDO ATM. There are fees but it's cheaper that way (P2.50 airtime load + P3.00 withdraw from BDO ATM). Of course you need a Smart number to be able to have Smart Money. I have been doing this one for three years already and no problems so far. The only downside to Smart Money is that getting a paper statement costs money (if you need one).

Almost all banks accept Paypal funds. But most banks charge incoming remittance fees. Examples: BPI = P150, BDO = P200,  Metrobank = not sure with the exact amount, I think they base it on percentage of the amount, Chinabank = P200. They tend to be expensive in the long run, so I really avoid them. As you see, I'd rather not use BPI to get my funds from Paypal.
« Last Edit: Sep 25, 2011, 10:18 AM by freelancer_babe »


cruzmervin217

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Reply #7 on: Sep 25, 2017, 06:33 PM
okay naman ang payment through paypal, kaya lang, ang ginawa ko, I linked it on my EON (yung violet) pwede kasi yun i-link sa Paypal and Payoneer e :)


Spellstalker

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Reply #8 on: Oct 26, 2019, 09:26 PM
Most of the banks in the country accept PayPal transactions so it does not matter which one you go for. I would however recommend Union Bank since there are no fees involved and they have a lot of experience working with PayPal


 


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