Send & Receive payments via Paypal in the Philippines

Sign up for Paypal in the Philippines!. You can withdraw an amount not exceeding $500 per month to any debit, credit card or directly into your Philippine bank accounts. You will just need the bank codes and savings account number.

At long last, Paypal’s promise to allow receiving funds into Philippine accounts have been fulfilled. Just today, reports have been circulating in the previous post here about the development.

I did a money transfer from an old and verified Premier account into my new Philippine Paypal account and it works. From the Paypal Help Pages, the Philippine flag is now displayed under “Send. Receive. Withdraw to a U.S. Bank Account or a card.” along with 22 other countries.

Paypal Philippines

The new status allows for: Send and receive payments in these countries. Withdraw from your PayPal account to a U.S. bank account. In addition, withdraw to a credit, debit, or prepaid card in countries marked with a ( dagger ). No withdrawals from local banks still though. And no cheques too.

I believe this development will further push activity in eBay Philippines as well as enable eBay users to get more secure transactions. The question whether eBay PH will start charging monthly subscriptions is yet to be seen but I suppose that time might have already matured.

It would be very interesting to see how this new development will affect the local e-commerce industry as well as Filipino’s socio-cultural fear of transacting online. I’m sure SMEs will be very happy with this though. Paypal only started allowing Philippine-based accounts about 11 and a half months ago and reports of a rumored full Paypal support were spreading 9 months ago.

So, if anybody wants to donate money to the YugaTech Sponsor-a-Contest campaign, see my Paypal account above. ;)

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

314 Comments

marhgil says:

18 years ago

hehe. magkasunod lang tayo sa pagpost :) now, how do you withdraw the money? Sabi nila, thru US account or debit card. I tried the BDO ATM card, yung international version nila (Mastercard Electronic), di ko maregister. So, which debit cards are supported?
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Abe Olandres says:

18 years ago

It’s US based credit cards and debit cards. I think they mean, credit and debit cards issued in the US.
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mr nice ash says:

18 years ago

so it means that if i transfer my ad earnings to Paypal, hindi ko na mahahawakan yun at kailangan ko na lang ipambili online? ganun ba?
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marhgil says:

18 years ago

I tried enrolling my credit card issued here in the Philippines for verification. it works!
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Abe Olandres says:

18 years ago

Yup, to get your account to Verified status and join the Expanded Program, you’ll need any int’l credit card. A verification number will be printed in your statement and you will have to enter that 4-digit number in your Paypal to complete the verification process.
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Chino yray says:

18 years ago

@Marhgil

try Citibank and iBank
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marhgil says:

18 years ago

thanks people! i think, the problem is Mastercard Electronic, it’s different from Mastercard. I think, I should convert my BDO ATM card to this one.
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Andre Marcelo-Tanner says:

18 years ago

so then from PayPal you can send your money to your PH bank account using Xoom :)
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Jeffrey says:

18 years ago

So when you want to withdraw your funds from your Paypal, it will be deposited to your credit card account?
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Marcvill says:

18 years ago

Great news! Wow! So this means we’ll start seeing local blogs with “make Paypal donation” options? Joke lang.

Let me make a donation to the Yugatech Foundation to try this new Paypal feature out. Magkano ba kailangan mo? $500? $1,000? Hehe.
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