Withdraw PayPal via Xoom from same country — allowed or not?



One of our members, Joanna (ani*****@gmail.com), wrote to tell us about Xoom.com‘s confusing policy on intra-country transfer of PayPal funds.

Joanna wants to convert her PayPal funds to cash via Xoom. She contacted Xoom to inquire whether it is indeed possible to make an intra-country transfer, that is transfer funds from a PayPal Philippines account to an account holder in the Philippines.

Xoom’s reply:

Xoom Corporation (Shiva Prasad) – 01/07/2008 08:43 AM

Dear Customer,

Thank you for contacting Xoom Customer Support.

Please be informed that you can transfer the funds in the same country. Your Pay Pal should be verified to transfer the funds.

Please let us know if you have any questions.

Ok, as long as the PayPal account is verified, one “can transfer the funds in the same country.” So far, so good.

But when Joanna filed the transfer request, the transaction was denied. Xoom’s explanation:

Xoom Corporation (Abhishek Mishra) – 01/07/2008 07:00 PM

Dear Joanna,

I would suggest you to get in touch with PayPal in order to verify if they allow intra country transfers.

Please let us know if you have more concerns.

Huh? Why can’t Xoom know if they can or cannot process intra-country transfers?

Several PayPal users in the past have noted that Xoom cannot be used to withdraw funds from PayPal accounts in the Philippines. This has also been the subject of discussions last year in the How to withdraw PayPal in the Philippines thread.

If Xoom does not allow intra-country PayPal transfer, they should make an official announcement so people won’t be confused. Having conflicting statements does not help.

PayPal users only want to know: can they or can they not transfer PayPal funds to someone in the same country?

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

6 thoughts on “Withdraw PayPal via Xoom from same country — allowed or not?”

  1. What is the quickest way to withdraw from paypal? I’ve withdrawn 500$ to my eon union and its now five days..and nothing is showing up in my balance. hay…

    Reply
  2. I think each bank has different processing times and sometimes (or most of the time), it’s not even standard.

    My own UnionBank withdrawal of PayPal funds took 4 days while the shortest UnionBank transfer time I am aware of was only 1 day. However, some people have reported that their transactions get processed after 3 weeks or even a month.

    We’ll try to do research later to find out the real fastest way of withdrawing PayPal funds and we’ll post it here.

    Reply
  3. please help me..i need to know how to withdraw funds from paypal via xoom….how are we going to know if paypal account is already verified?is there a need of bank account?

    Reply
  4. Hello does one mind letting me know which webhost you’re dealing with? I’ve loaded your web site in 3 different internet browsers while i must say this site loads considerably quicker then most. Are you able to recommend a high quality hosting provider to get a reasonable price? Cheers, I like this!

    Reply

Leave a Comment