Paypal activates receive money feature in the Philippines

It is great news indeed that Paypal is fully activated in the Philippines allowing Filipinos to send and receive money online. For me, this is great news as it will allow me to send payment to blog ads network members, content development network members, bill clients, or drive membership fees to it.

Receiving international checks through the mail can have its annoyances, especially on clearing issues. With Paypal being fully activated, it truly empowers the Filipino Internet user and avail of all the opportunities available online and signing up in programs that pays through Paypal. However, the only way that the fees can be reduced is once deposit-to-account becomes available. The transaction charges, withdrawal charge, conversion charges (for different currency), and the ATM withdrawal charge will all have to be factored in when we estimate the price of our services.

Law enforcement authorities, the Department of Trade and Industry, Bangko Sentral ng Pilipinas, and the banking networks have to be ready with this development as this will also result to possible fraudulent transactions, especially in local auction sites.

I am also certain that this will rock the boat for all local payment gateway and remittance service providers in the country. Will they perish or remain as a competitive option for payment acceptance?

Comments

  1. well. it's about time for Paypal to receive payment here in the Philippines. i believe this is a good news for my student-entrepreneur.

    jr

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  2. Hi JR. I agree. It seems the Unionbank EON card will become even more valuable because of this.

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  3. Wow this is good news! I will definitely use it! Thanks for the heads-up, Janette!

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  4. Great development! Will start to integrate it with my ebay auctions :)

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  5. definitely a good news.. but how do i exactly withdraw funds in my paypal account? can i use smart money master card?

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  6. I suggest trying to add debit cards like UnionBank EON card.

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  7. That's great news, indeed for Philippines. But people should be wary of the PayPal phishing schemes going around to target unwary Filipinos.

    The only experience I ever had with getting money from the Philippines via PayPal... is, well... with you, actually.

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  8. Hi Janette!

    I came across your site through Paula Mooney's blog, particularly her post about bloggers, seos, etc. salaries, and you were ranked 77. Yehey Pinoys! I'm just so proud of people like you and other Filipino bloggers who make decent money out of writing. I've started blogging since August and I'm glad that PayPal is now available in the Philippines, too. Although I'm not earning that much from ads yet since my three personal blogs are relatively new, I'm glad that I landed several blogging jobs that pay me enough to cover one of my kid's birthday parties, and my second daughter's baptismal for my next month's pay. I got a Visa Eon from Unionbank, and I'm waiting for full activation of my card (well, that's what the csr said) so that I can transfer funds to it already. I can only dream of earning as much as you do on your blog.

    Thanks and keep up the good work!

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