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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Mike, thanks for your very informative response. In case you come across some of those revenue-earning sites, would you be nice enough to compile them for us? I don’t know what to look for if I do it myself. And if you do come up with a partial list, would you be nice enough to post them here? I need to do something to add to my low income to support my family. I’ve been looking for ways to get extra money using the internet but I have no idea where to begin. Thanks in advance to you and to all who will contribute to this effort.
Reston
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.