The mysterious Php200 Paypal Withdrawal Fee

Unionbank has made no other deductions on my past 2 withdrawals.

@Jeric and Jhay,
what’s the exchange rate for Unionbank?

that could be bank-related. i used my metrobank account and i experienced the same thing: the credited amount is 200 pesos short.

but when using the EON. I’m not sure if Unionbank deducts an additional amount because i haven’t really checked. ;-)

I withdrew funds to two separate local banks (BPI and Chinabank) with amounts of more than 7K and both times there was a discrepancy of 200 pesos.

I wonder where my 400 pesos went.

same thing happened with my Paypal to BDO withdrawal, 200 pesos was deducted. :(

same here. it was around Php150 – Php200… on my BPI express cash account.

That depends on your bank. I think it’s the usual bank transfer fee when one transfers from a foreign-currency deposit account to a PhP account. Some banks, I think, even charge PhP 500. Some charge lower (like Metrobank).

thanks for the tips everyone. :) so, I’d rather get myself an EON account. :D

@sherwin Banks also accept Postal IDs. Getting one is actually easy. Just go to your resident city’s post office and ask how to avail of one. A GSIS or SSS card is also acceptable.

Nowadays, a lot of banks and even some shopping malls now ask for two IDs instead of just one to confirm your identity. Getting that postal ID will actually help in the long run.

Unionbank hasn’t made any deduction as for me so far.. I already withdrawn money several times and the only deduction is the Php50 of PayPal..

Just wanna know if what BDO account u used to link on ur paypal? Is it the credit card or the BDO ATM debit account (with mastercard logo)? Mine is the latter but always get denied by paypal…. what seems to be the problem? so frustrating…

as of the P200 mystery lost from making money transfer via BDO…i heard it’s their flat rate charge for online transactions…same as to China Bank.

hello, im currently working in one of our local banks mentioned above, as far as i know, hindi siya hidden charges, everytime u withdraw kc from any other bank aside from ur own bank (e.g. metrobank to bpi or vice versa), especially if ur card is an international one ( with logo of cirrus, maestro, plus, mastercard, visa, amex etc.) normally $3.50 ang withdrawal fee, plus pag nag balance inquire ka pa, another $1.50 pa un, multiplied by conversion rate for that day. so since nag out ka ng funds mo, considered w/wal din cia. AND hindi ang local banks ang kumikita dun, but the networks like mastercard, visa and the like, though ang alam ko, may certain commission lang ang local banks but very minimal lang ciempre, for the cost of using their atm machines.

hi guyz! i was just wondering what do u do and where do you guyz work to get paid from paypal? i am a fresh graduate and i would like to have a part time job while waiting to have a full time job. thank u.

Wow! nag google ako at ito itong site ang lumabas :D

Anyway, ang problem ko naman is bakit ang baba ng exchange rate ng paypal kesa sa mismong banko natin dito sa pinas. Nag withdraw ako ng $100 to metrobank dati at 43 lang ang exchange rate ng paypal eh 45 ang sa metrobank. Ilang days nanaman ang dumaan at withdraw ulit ako ng $300 papunta metrobank, ganun parin mababa parin exchange rate ng paypal. Ano yun protection ng paypal dahil fluctuate ang dollar? Kahit ba magopen ako ng dollar account eh dedeposit ba ng paypal eh pesos parin?

@k_mae – hi ^_^ try mo post ng resume mo sa Onlinejobs.ph, 1st try ko sa online outsourcing is sa forums.digitalpoint.com sumasali ako sa mga contest dun (graphics & logo design) tapus may amerikano nag contact sakin, heto ako now full time sa amerikano. pay nya ako $20/day. tapos iba pa yung mga sideline ko. tapos nag post ako ng resume sa onlinejobs.ph tapos may 3 amerikano nag email at kumukuha sakin, kaso isa nalang ang kaya ko, pinili ko yung parttime. Bale ang work ko now is isang Fulltime($20/day) isang parttime($60/week) at mga sidelines…Try mo ^_~

I use EON for 1 and a half year and i see no problem on my account withdrawal….

I try to apply paypall and use my smartmoney but they will not accept my smart money card only Credit Card, Any suggestion how to apply paypall using smart money card for withdrawal. Thanks.

Hi Mga kabayan!

Thank you po sa creator nitong site pati na rin ang mga forumers na nagpopost ng comments. You’re so very helpful sa mga gaya naming freelancers.

Good luck po sa lahat!

Go for Unionbank. They don’t deduct a single centavo on your PayPal withdrawals as long as you withdraw Php7,000 and more.

Yes. I experienced the same thing.I just recieved the money today. I withdrawn 5k just to test it through and the most annoying thing is it took BDO to exactly 7 days in order for them to put the money in my bank account though paypal processed only 2days to complete their transaction with BDO. PHP 4,750 is reflected in my account today. 50 pesos for paypal fees and thats that the mysterious 200 pesos just vanished in BDO’s expensed. I know because I often do my withdrawals in BPI in there is no 200php deduction.