Filipinos: paypal or moneybookers?

Wow.. That's quite alot as compared to using paypal..

i guess i will be using paypal. how about you? what payment method are you using?

there have been some responses here too that say they use paypal. and the transfer fee in moneybookers is expensive, $2.50.

is there a minimum balance for the EON account? how much is it?

Many thanks for the reply. Have you got your cashout? How did you get it ? Paypal ? thanks again.

Visa and Mastercard Credit cards accepts in Paypal. If you don't have these, try EON account offered by Unionbank. You need any of these for paypal verification. About withdrawal, you can may use any banks but first you must add your local bank accounts in Paypal. I hope these can help.

Yes, it is quite a lot... that is why i don't transfer money every month... i do it every other month... it doesn't matter what bank account you have... mine is Land Bank...

that is quite a big amount for a fee, don't you think? i don't know yet if paypal charge a fee for transfering money to a bank. what is your bank by the way?

but some responses here says paypal charge $1.95 for the verification process, but they said it will be reimbursed. is the fee of $2.50 reimbursable?

I haven't withdrawn any money from paypal yet. It's because I don't have a bank account. I am planning on opening a Unionbank EON account. The card can be used to withdraw from paypal since it's powered by Visa. And EON doesn't have a maintaining balance, only an annual fee of 350php.

yes, I also think that is the reason. have you withdrawn from your paypal account? how did you do it? how much is the fee?

Like what everlasting said, you have to be a verified paypal member first, using either a credit card or debit card. You will be charged through that card of $1.95, if I am not mistaken. But after a few days that the card has been verified, they will return the money and will be placed in your paypal account. Afterwards, you can add you local bank account where you wish to transfer your funds from paypal...

so that means we really need to have a credit or a debit card before we can withdraw from mylot. i don't have any of those yet. maybe i will create a Union Bank debit card account, and i will connect paypal with it.

maybe you can add those people in this discussions as friend and send them a private message as to you problem. that would be a sure way to get response for your problem. or you may start another discussion about it. i do not intend to push you away from my discussion. i just i want to help you. i don't know the answer to your problem yet. i think it is seldom that readers will read the whole part of the post and so they may not read your concern. but i am hoping someone here may answer your concern though.

i'm interested to know if mylot pays filipinos via paypal well. thanks anyway for your response. does paypal charge you a fee for transfering money to a local bank? how much?

Yes there is. I'm using EON account and there is a charge if your payout is Php7000 below and if above Php7000 no fee. This is offer for those non premium. If you're a premium already, it is automatic that they will charge you. :) correct me if I'm wrong, it's $5USD

so you mean when I transfer 7000 and above to my bank from paypal, there is no fee? and when 7000 and below, there is a $5.00 fee? So what did you do? did you accumulate those 7000 first before you withdraw? and, what do you mean by EON?

a pinoy in response number 5 is asking how we can withdraw from mylot? would you know something about it?

that's good. but i'm not into buying things online though. does paypal charge you a fee when you transfer money to a local bank?

see you around and hope you reach your goal!

yes, that would be very convinient. i think i would have to choose paypal. do you withdraw in pesos or in dollars?

maybe you can let us know what how to withdraw from paypal when you reach payout. icecandies below need an answer to that question.

I guess I have to search for the link first. I have an email that tells all about it. You can send me friend request so I can send you the link in private message...

there are responses here from pinoys who say they have used paypal as payment processor here in mylot. i think there is an option for filipinos to use paypal.

that's a relief. thank you for the info. but they say you need to have a credit or a debit card to verify your account and withdraw from paypal. i don't have a card yet. but i think it is not much of a problem.

If you have read the previous responses, you would discover paypal is good here. a lot of filipino members choose paypal as their payment method. Welcome to myLot!

i have posted a link in response number 10 which enumerated countries which can use paypal as method of payment here in mylot. Philippines is not included there. yes, they said you can send it to your local bank after verification.

i think that is not a good idea. if they would make one universal payment processors, there will be a monopoly. in that case, paypal (we suppose) would set high transaction charges. we will not be able to argue because it would be our only choice. competition makes higher quality services at lower prices. you can always ask if a payment processor is legit.