Pinoy Money Talk is one of the first, probably the very first, to break this news to the
blogosphere but expect other sites and blogs to write about this without giving us credit
although they got the news from us. LOL.
PayPal now allows the withdrawal of funds to bank accounts in the Philippines
Anyway, brace yourself:
Effective yesterday, PayPal started allowing users in the Philippines to withdraw funds
to local bank accounts.
Yup, it’s confirmed. Log in to your PayPal account and see that in the My Account >
Withdraw page, you now have an option to directly transfer funds from your PayPal account
to your bank account in the Philippines.
Withdrawal transactions are expected to be processed within 5-7 business days.
There is no charge if the transaction amount is P7,000 or more but there is a
P50.00 fee if the amount to be withdrawn is P6,999.99 or less.
A P250.00 return fee is charged if you entered incorrect details about your bank account
so make sure you input the correct information.
To withdraw, you must attach a bank account first to your PayPal account.
Once added, you can directly submit a withdrawal request.
Try it now! Go to PayPal and let us know about your funds transfer experience.
Click here if you want to open a Paypal account. -Pinoy Money Talk