Withdrawal of PayPal funds to your local bank now possible
PayPal now allows the withdrawal of funds straight to Philippine banks.
Prior to this, the only way that PayPal users can get their money is by withdrawing it to a Visa debit card or credit card. Bank transfer is free for transfers amounting to 7,000 pesos or more. For amounts less than 7,000 pesos there is a 50 peso fee. Processing time is 5-7 business days. You will have to fill out an online form asking for your bank’s details which include Bank name, Bank Code (9 digits), and Account Number. Now is the bank code the same as the bank’s Swift code or routing number? Take Metrobank for example, their swift code is MBTCPHMM but it’s only 8 digits and those aren’t numbers. A return fee of 250 pesos also applies if you entered the wrong bank details. Great!
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January 27th, 2008 at 12:08 pm
paypal?? what is that
January 27th, 2008 at 1:52 pm
pera ata yan
January 27th, 2008 at 1:54 pm
pera sa internet yan kung bibili ka ng isang kilong isda.
January 27th, 2008 at 2:03 pm
mandaraya talaga ang GMA7
January 27th, 2008 at 2:26 pm
hirap makapasok dito, Merge na ba ang mukamo at GMA7
January 27th, 2008 at 2:27 pm
Totoong may dayaan sa rating talagang dinaya ng GMA-7. Hindi lang 2007 nangyayari yan noon pa 2006, 2005, 2004 sa panahon pa ni Fred Alejaga at sa mga sinundan pa nito.
January 27th, 2008 at 2:27 pm
Sabi ng GMA7 ex-employees sila tapos ang usapan may alam sila. Kung itinanggi ng GMA7 na emlayado sila maaaring nagsisinungaling.
January 27th, 2008 at 2:40 pm
ah basta mabaho si iwa moto sa personal.
January 27th, 2008 at 7:48 pm
hehehehehe…
^_^
January 18th, 2009 at 3:30 pm
Hi, have you tried withdrawing to RCBC myWallet? I tried it last wee but untill now it hasn’t arrive yet. How will I be able to return the money back? its about $300
Please reply asap.
May 15th, 2009 at 12:04 am
what if you are not verified yet? can you still withdraw funds form paypal directly?
June 25th, 2009 at 8:23 pm
you said in your post that “the only way that PayPal users can get their money is by withdrawing it to a Visa debit card or credit card.”
but you also said that “Bank transfer is free for transfers amounting to 7,000 pesos or more. For amounts less than 7,000 pesos there is a 50 peso fee.”
which is which???
after i’ve added my bank account to paypal, i tried to use it to buy from eBay, unfortunately, i can’t… ebay ask only credit card info. so, obviously paypal phil can only be used to receive payment. anyhoo, who can i withdraw the payment? also if somebocy send their payment to my paypal, can i use it for payment na since may laman n ang paypal ko?
July 15th, 2009 at 12:12 am
Hi,
I think you forgot something very important. You may be able to register your bank account with PayPal, but your withdrawal limit will still be $0.00 if you do not link with your credit or debit card. Otherwise, you still can’t withdraw your money.
My question is this… If I don’t have a credit card and simply want to link my PayPal account with my debit card instead, which bank (debit card) is acceptable to PayPal? I tried using my BDO ATM and it doesn’t work.
Enrique
July 30th, 2009 at 9:59 pm
Hello.
please inform me if you’re able to withdraw funds from your paypal to your RCBC MYWALLET card?