PayPal Sends Money to the Philippines!
Oh my God. This is the gamechanger. Philippine PayPal users can now receive money. Let that sink in for a second. Rural Filipinos can now sell their towns’ products directly to the world over eBay. Talented Filipina babes can become the next Happy Slip by posting their videos on Revver. The Philippines — indeed, individual [...]PayPal Sends Money to the Philippines!
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A detractor of PayPal (who already has a PayPal account) was not too impressed at this new development. He said that you really cannot withdraw money from your account without needing a credit or a debit card… or a bank that’s recognized by PayPal. He also said Paypal doesn’t allow bank transfers for Philippine PayPal account holders, unless you have one of those Visa electronic-enabled debit cards like from the Union Bank’s EON.
Pinoy Tech Blog also has this negative thing to say about this:
“Despite the fact that you can now send and receive funds via Paypal, there is no practical way to getting those funds locally, unless of course you have a US-based bank or a US-based credit or debit card…
Even if us Filipinos can receive payments via Paypal, the only way to can easily dispose of those funds is by using it to purchase services or goods online as well. This makes the recent limited support practically useless to 99.9% of Filipino Paypal users in the country.”
More complaints against PayPal can be read here.
@Reston
You DO NOT need a US-issued Credit/Debit/Prepaid card. Do not confuse it with a US Bank for ATM/Cheque/Savings account.
You CAN NOT transfer funds from your PayPal to your ATM/Cheque/Savings account unless your Bank Account is from a US Bank based in the US.
You CAN send your PayPal funds to your Philippine-issue Credit/Debit/Prepaid cards.
I explained it already here: here and here.
And the list is being updated as new information arrives. It is all confirmed, we do not add a new bank unless it was confirmed by the Card service “clearly” or tested manually.
As much as we’d like PayPal to allow us to remit our funds to our Philippine-based bank accounts (and you can bet other people from other countries do, too), one thing to realize is that it took years for PayPal to finally take a chance and allow us more “privileges”. PayPal can very well take those privileges away, especially if their stats indicates too much risk from us after a period of time.
So far using a VISA-enabled debit card seems to be the way to go for us. Also, there’s a service called Xoom.com that allows PayPal users to send money to their accounts at a certain fee (since it’s free to sign-up).
Look on the bright side: at least we have more options now.
Here’s a new way for people to make PayPal revenue through video embeds: AdHoc. I’ll be trying this myself over the next few days.
Mike, thanks for mentioning one way of earning revenue online.
Here are a few more sites where you can earn money:
1. Squidoo
http://www.squidoo.com/browse/homepage
Historical Adsense Payouts, Buying and Selling lenses, Affiliate payouts and more make up the mountain of ways you can make a few bucks using Squidoo. For more details on how you can monetize your contributions to Squidoo, refer to this page:
http://www.squidoo.com/squidconomy
2. Metacafe
http://www.metacafe.com/
Metacafe has a reward system that contributors can avail of called Producer Rewards program. It rewards contributors for creating and submitting great videos. If your video has what it takes to entertain people, Metacafe will license it and pay you for every view. Every time someone watches your video on Metacafe, you earn money.
Metacafe will pay you $5 for every thousand views. Payment starts after your video reaches 20,000 views and has a rating of 3.00 or higher. On top of that, the license to Metacafe is a non-exclusive deal – you retain ownership of your video. Metacafe helps build your brand by marketing your content and making you money. There are well over 1 million unique users per day watching over 400 million videos every month at metacafe. For a video to qualify for Producer Rewards, you must own all the rights to the video and the video must meet certain content guidelines. Read here for details:
http://www.metacafe.com/producer_rewards/tips/