My first Paypal transaction

As I mentioned before, I see a great potential that Paypal is bringing in as far as Philippine ecommerce is concerned.

I’m kind of documenting the success (or failure) of Paypal here in the Philippines. And I’m taking the risk — I’m trying it myself without precedents. Yesterday, I received my first transaction from a client abroad. Then I transfered the amount to my Unionbank EON account. Paypal notes that this transaction will be completed in 5 to 7 days. I’m going to wait and report here.

Anyone who has done this ahead of me? How did it go?

Cross-post from Life 2.0

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  • It took me 2 weeks to get my money. One week for Paypal to process and another for Unionbank.

    Now I realized that it’s nice to have paypal but I won’t be using it for billing my clients. The transaction fees are higher than moneybookers which is what I’m using. It might be because paypal doesn’t charge it’s buyer/sender.

  • I’m currently using Moneybookers. The problem with Moneybookers is the limit they impose. I believe there’s only abot $500 limit for senders a month. If you have high volume transactions with a client, sure Moneybookers won’t fit. Paypal has advantage on this area.

  • The main advantage I see is you need Paypal if you want to get paid internationally. Almost everyone has it or knows it plus it’s easy to get paid.

    I use Xoom as well, which works for larger transactions and is way quicker (3-4 banking days) than Paypal. Here’s hoping Paypal will step up and speed up by Christmas.

    There’s a great discussion on this at as well:

  • I’ve been a PayPal user ever since it first came out in the States. I’ve also been using my U.S. based PayPal account in Manila ever since without much problems. No need to mess with the local PayPal counterpart or dabble with the delays of the transfers and conversion rates. I just whip out my trusty PayPal debit/atm card from my wallet, stick it into any Cirrus/Maestro ATM machine nearby and withdraw whatever funds I need directly from my PayPal account balance. The $1 transaction fee doesn’t really hurt much.

    This works very well for my online sales rather effectively. I can sell an item online, get paid in Dollars (or whatever currency they prefer) by a foreign buyer, and walk over to the ATM machine around the corner and get my money conveniently in Pesos. All this can be done in a matter of minutes. Seconds actually if you access your PayPal account wirelessly (i.e. WiFi @ Starbucks)and hop over to the ATM machine next door. Sweet and simple. Gotta love it!

  • I have no problem using Xoom’s service. If you can have it directly to your EPCIB Account, it would take you around 2-3 days to receive it, but usually pickup takes less than a minute for me. Not counting queue times and traffic to actually get to the bank, but as soon as you receive the notification email, you can head straight to the bank to encash it 😀

  • thats nice, im waiting for my eon card. and will apply for paypal.
    hope i can get through this process.
    2 weeks waiting is better than nothing.
    hope to get a paypal account soon.

  • I got mine via HSBC credit card. The drawback is that the transaction would be like an advanced payment to your credit card. There’s a $5 fee from paypal to your visa debit/credit card.

    Another fee if you really need to withdraw the cash is the 3% Cash advance fee.

    Using a Visa Debit card is I think the best but for power credit card users like me who charge everything (gas, groceries, utility bills) to my credit card (sayang ang miles!), it works.

    I might get an EON one of these days para I can withdraw without doing a cash advance.

    I posted the details at my blog

  • I have been using PayPal for about two years now. Even before when PayPal isn’t available to Philippines users. I use it for my donation buttons in my community website, though I’m using the address of my relative who is in the US to be able to accept donation. It’s good so far.

    Now that PayPal can accept payment for Philippines users, I still have to try for this new feature.

  • euree mercado

    PayPal is indeed a good way to transfer money and to do transaction in the web most especially in eBay. Just like to remind everyone to be careful everytime you do transactions, once you click send money there is no turning back so make sure you have enoughj money in your bank. Most of us dont read the terms and agreement so i suggest you do just to protect you. I worked as a CSR in PayPal and I have encountered a lot of problems with careless customers. So watch what your clickin, in fairness PayPal is really a great service. 🙂

  • Pao

    I’m going to try both. It’s my first time to earn money online so I’m pretty nervous too.

  • I am using Paypal since 2002 when I opened my digital store on eBay and also while I was doing selling memory chips off eBay. That was the time that I came to United States for work. But lately 2000, I was one of the unlucky employee who get laid off. I got my part time job and do the selling on the side as well. I have Paypal credit/debit card and use it to cash my earnings on the ATM. I don’t know how Paypal works in Philippines as I haven’t tried it yet there, but I recommend Paypal. I also have Paypal buyer credit that backs up all my expenses buying goods to network that accepts Paypal. It is all good and I will try using it next year when I am going for a 4 weeks vacation in Manila. Just some thoughts about PP.

  • tet_d

    I want to start my first online transaction with PayPal. Like any first-time buyers, I have doubts and reservations if PayPal works. My question is do they charge services fees on top of my minimal transaction of $30 in an online store?

  • ela

    I have my money sleeping in my paypal..those are payments of my online jobs.. but couldn’t withdraw it.. i got an eon debit card for 350 pesos for one year use, and it took me 2 weeks waiting and one week waiting for activation… But still cant make to verify my card, i am advised to put 100 to my card so i can transfer my money from paypal to eon…yet there still problem arising…i am asked for paypal 4 digit code or expanded use *EXPUSE. I had difficulty finding it and yet i found it in my cyber eon banking… Then I added it to the paypal to finally get verified..huhuhuhuhuh still denied:(

    Help me What Shall I Do? i am advised again to call the hotline which is always busy and can’t successfully contact them… I am almost desperate…

    almost drowned with tears…..

    • Hi Ela,
      There is a possibility that your account is debit restricted. A Debit Restriction is applied to an account to prevent it from making any kind of withdrawal (i.e. ATM Withdrawal, Bills Payment, Funds Transfer, etc.) for a certain period of time until the client himself requests for it to be lifted.

      There may be several reasons why your account was given a Debit Restriction, and therefore I highly suggest that you go to your branch so that they could explain to you the reason behind this restriction, and then lift it as well.

      Hope this helped.

      By the way, we have some great news for all our Visa Debit cardholders! Use your card at eBay and get a 5% rebate on all your purchases from July 23 to August 22, 2010. You’ll also get a free 2GO Cargo Coupon when you link your card to PayPal. Click here to know more:

      If you have problems with your EON and other UnionBank products, please visit our website You can also add us on our or follow us on @unionbankph.

      Thank you!
      UnionBank of the Philippines

      • Mark Joseph Carreon Castillo


        Same thing happened to me! I have money ready for ATM withdrawal but the machine only gave me a piece of receipt saying “Invalid transaction/account”. I called 84186 immediately and they told me my account is under “Debit Restriction”. Why is that needed to be restricted? What will happen if I go to the branch and how long would it take before I can make a real withdrawal again? This is my worst banking experience ever. I am in the middle of an emergency and yet I cannot do something, to save at least the life of my father, whose in a comma in a hospital now, just because my UnionBank EON account is under a restriction!!!

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  • Yes, you are very much right, you cannot open a PayPal account for Charity, if your charity is registered in India, same thing happened with me also, I applied a Charity account for my client and after completing all the formalities they just denied for the account.
    I have a suggestion for you, apply for a normal account with some other website and then use it for your Charity website, I have list of websites who are doing the same thing.
    You can also try some other Payment Gateways like CCavenue, but in case you are using Vbulletin script, I don’t think so that it may help you. The first suggestion may work for you.