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Now Available: Paypal Philippines
6 Oct2007
Rejoice! My buddy Naz has pointed out in the Philweavers forums that we can finally withdraw money in the Philippines!
I just checked my account and it is indeed true! The Philippines has been promoted to “Send. Receive. Withdraw to a U.S. Bank Account or a card.” That’s only 3 steps away from localized Paypal eliteness! Huzzah! O_o
Now all I have to do is to get myself a good card and off we go! Right??? Right!!
People have been saying you can hook this up with Unionbank EON Visa Electron (ang haba!) and you can use it as a debit card. Super!
Keep posted as I will soon verify this for certain. Bye bye Xoom and Western Union. Hallo Paypal! 
Update: Found a page that confirms it actually works with an EON card.
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- In: Finance| Philippines
5 Responses to Now Available: Paypal Philippines
joaquinx
October 6th, 2007 at 9:02 pm
YEEHEY! We got Paypal power!!!! err.. can you please tell us some reliable online business that generates much $$$ with Paypal?
Dennison Uy - Graphic Designer
October 7th, 2007 at 4:12 pm
There are many but probably easiest way to profit off the net would be to sell local products abroad. Another way would be to sell services such as web design and development (like me) or transcription. You may also try your luck by joining GPT (aka “get paid to”) websites like stormpay.com. Just do a little search and find the one that works for you. Good luck!
lyn
November 8th, 2007 at 10:53 pm
just want to ask: how much will we be charged for each transaction with paypal and unionbank eon card? will it be cheaper that using xoom? i’m not familiar kasi with the rates. hope you can enlighten me on this. thanks.
Dennison Uy - Graphic Designer
November 9th, 2007 at 2:08 am
There is a withdrawal fee of $5 and there is a daily limit of $500. I am not sure how to make this limit higher. Also take note that it will auto-convert to peso so some value is lost there when converting from USD -> PHP. Xoom is definitely cheaper. The advantage with PayPal is simply ease of use.
Dennison Uy - Graphic Designer
November 9th, 2007 at 2:44 am
Also, note that there 3 types of account in PayPal: Personal, Premier, and Business.
Personal accounts cannot process credit cards and you are limited to receiving $500 / month
Premier accounts do not have a monthly limit and you can do credit card processing and all sorts of stuff.
You can read more about it here: http://computer.howstuffworks.com/paypal4.htm