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 […]Click here to continue reading "PayPal Sends Money to the Philippines!"...PayPal Sends Money to the Philippines!
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Hi CG,
Sadly, we do not have laws to regulate (if you will) this new ‘zone’ that has opened before us.
SCAMmers – which will destroy our reputation (again!)
Schemes
The question of “taxes”.
How in-line is this with PGMA’s “CyberCorridor”?
Can our laws (and e-commerce law for that matter) protect Filipinos who will jump and exploit this new zone for, who knows what?
And the list goes on. It’s like the first time the Philippines got an internet connection – we do not know what will come next.
Right now, I can say we are not obliged to pay taxes for our online income and businesses – being individuals and smaller than small businesses. But the government will surely impose taxes. Not just to us, but also to our buyers. Example, everytime I buy a product or a (online) service that is located within the EU, I also get taxed for it.
There are many scenarios and possibilities that we are only beginning to imagine and grasp, and we have not yet stepped or crossed the border to a full Philippine Online Economy and Market.
We can stand and watch and let opportunities leave us, or we can jump and exploit these opportunities together with the risks of being pioneers.
It’s up to each and everyone of us.
—
http://gameshogun.ws – Blognetwork
Withdraw to a credit, debit, or prepaid card…no deposit to a bank account yet. If you have a Unionbank EON account, it’s a debit card (a Visa Electron actually) – so it’s like depositing to your account and withdrawing in any ATMs nationwide.
Reston: Since PayPal wasn’t an option before, I didn’t keep track of sites that pay through PayPal. I know eBay pays mostly through PayPal, and Revver pays exclusively through PayPal. I’ve also switched all my AdEngage payments from check to PayPal.
Whenever Filipinos used to seek online business opportunities, they always had to write off sites that pay exclusively through PayPal. That’s a lot of sites. Now all those sites are open to all Filipino entrepreneurs — from artists to entertainers to retailers.
MIKE T.: As Reine points out, payment is to card. I must credit Unionbank for having the foresight to make their debit card Paypal-compatible early on.
Credit card companies must now do something very counterintuitive: sell cards not as a way to spend money, but as a way to earn money.
Reine: This should be an impetus for smart local banks to come up with PayPal-compatible debit cards.
[C]hicken [G]od: The first order of business is business. Bureaucracy can come later once business gains momentum.
JC: Yup, we’ve got to jump this thing. The biggest task now is teaching Filipinos how.
Belle: Sell away. 😉
At least now there’s more options for filipino bloggers to make money rather than just adsense. Does anyone know where to find a full list of supported banks?