Full Paypal Phillipines Support: What does it mean?
Posted Saturday, September 29th, 2007 10:08 am by Abe Olandres
Viewed 6003 times | Related entries: Tech News, e/m-Commerce
Recent news of Paypal Philippines now being able to send and receive funds have been making rounds in the blogosphere. When Paypal first became available in the Philippines some 12 months ago, it was a little disappointing then because the only way Philippine-based members can use it is by sending funds. Receiving funds was not still allowed then.
This development has finally made Paypal support in full circle. However, there are still some caveats. First, 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.
So what does this mean? Well, like many other countries listed as having Paypal support, it’s not really what others would call “Full Paypal Support”. Well, its obvious from my previous statements. 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.
In that end, one would still have to use other 3rd party services like Xoom to actually send funds and deposit them to local banks. That makes it more expensive actually since money will have to go thru 2 channels now instead of one.
So, the next time someone asks if they can remit payments to you via Paypal, you might want to reconsider.
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14 Responses to “Full Paypal Phillipines Support: What does it mean?”
Withdraw from PayPal to your Philippine issued credit, debit, and prepaid cards…
The recent discovery (PayPal did not announced it) that Philippine PayPal users can now “Send. Receive. Withdraw”, from their PayPal accounts is making waves in the Philippine Blogosphere, mostly with those patiently waiting for YEARS for this servic…
List of Card Services supporting PayPal Withdraw…
Here is a Google Spreadsheet listing of card services supporting (or not supporting) PayPal Withdraw/Fund Transfer. If you confirmed other card services, just reply back in this thread and it will be added.
These are confirmed via phone call, email…
Sorry for the stupid question. I have a metrobank Visa credit card, if I withdraw money to it from paypal, saan pupunta yung pera? Sa bank ko or sa card? If sa card, I have no idea how that will work lol. Someone please help clear things up to me please.
Salamt po.
Nice to hear this news.. Now Filipino Blogger can apply those earning possibilities that pays thru paypal
Nice article…but can someone please fix the spelling of Philippines in the title…
Not that I’m being OC here…It’s just, well, wrong…
Thanks… ^_^
In other discussions, it is confirmed that you can use Unionbank EON debit card can be used and be added as recipient of funds. In that case, there can really be a ‘full cycle’ of transactions, including the delivery of funds — only, it’s really much cheaper if it is deposited directly to a bank, which isn’t available yet.
[...] “So what does this mean? Well, like many other countries listed as having Paypal support, it’s not really what others would call “Full Paypal Support,” Abe Olandres wrote in Pinoy Tech Blog . [...]
[...] Full Paypal Phillipines Support: What does it mean? — Pinoy Tech Blog – The Philippines’ Pre… [...]
[...] Full Paypal Phillipines Support: What does it mean? — Pinoy Tech Blog – The Philippines’ Pre… [...]
[...] Full Paypal Phillipines Support: What does it mean? — Pinoy Tech Blog – The Philippines’ Pre… [...]
[...] which, Pinoy Tech Blog reminds us that: Despite the fact that you can now send and receive funds via Paypal, there is no practical [...]
You can get your money from payapal if you verfiry your Credit Card. You can also withdraw the fund thru the Credit card/Debit Card With a charge of $5 and your limit per day is USD $500.
Oh your card needs to bear the Visa Logo in order to avail this service
[...] Abe Olandares explains that the Philippines is still not in the full paypal support since we have to used third party to be able to get the cash. [...]
[...] more here: Full Paypal Phillipines Support: What does it mean? | Pinoy Tech … Share and [...]
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