Help for PAypal Account
By margaux08
@margaux08 (1094)
Philippines
February 3, 2009 12:56am CST
Hi MyLot members,I'm gonna receive my first ever payout from myLot and honestly, I don't know how to encash it. $10 seem like a small amount but hey, $10 is $10!
So please help. I am already registered with Paypal. What will I do next? A friend told me that Paypal doesn't have any bank accreditation with Mastercard, only VISA. My savings Account is linked with Mastercard. I don not want to provide my VISA credit card account, no way!
So what's the next step for me? Please help...
2 people like this
11 responses
@fwidman (11514)
• United States
3 Feb 09
Mylot will automatically send your payment to PayPal. After that, you should be able to either transfer the money to your bank account on file with PayPal or you can leave it there and spend it wherever they accept PayPal payments like Ebay
I gave PayPal my Mastercard and they had no problem with it.
@margaux08 (1094)
• Philippines
3 Feb 09
Hi fwidman,
Thanks for this information. This enlighten me so much!
@zhuhuifen46 (3483)
• China
4 Feb 09
Hi, I have a back account of visa. Can paypal transfer to visa, too? thanks in advance for your reply.
@mialei23 (2385)
• Philippines
4 Feb 09
Hi margaux08. You can apply for EON card (cyber account) at unionbank near you which you can use to transact with paypal. EON card is a debit card that you can link into your paypal and also you can add as your bank account, so after you get verified you can withdraw your money from paypal directly to your EON card.
Go to unionbank near you and bring 2 valid ID and 2 1x1 picture. They will tell you when are you going to pick up the card, usually it takes 1-2 weeks. When you pick up your card bring p350.00 for the annual fee and at least deposit P200 to your card that you'll going to use to verify your account. Paypal at least deduct almost P100 but this is refundable when they already check that the personal information you have is the same with you paypal account and eon card they will bring back the money. Once you get verified, you can link you bank account number which is your eon card.
REMEMBER: You have to wait for confirmation code from paypal, this code will appear on your transaction history on your EON account. 3-5 days processing. Once, you get the code paste it on your paypal account.
And when it's done and your VERIFIED, you can withdraw it the processing is at least 3-5 days also.Best of luck and hope this help.
@margaux08 (1094)
• Philippines
4 Feb 09
Hey, this will work for me. Thank you so much, you're a lifesaver! I believe there is one Unionbanlk near our office, I might go there later to inquire about the EON card or debit card. I'm so excited I can't type very well! I really appreciate all the detailed information.
1 person likes this
@mimpi1911 (25464)
• India
3 Feb 09
Hi marguax!
Firstly congratulations! With 300 + posts you have reached your payput! Great going indeed! Mylot will transfer this 10 USD to your paypal account. Is your account verified, I mean did you give any card number? If not you can verify and transfer or else you can just transfer the amount to your bank account directly like I have done. For that you just need to fill in some details, like account number and MICR code and stuffs like that. It would be transferred in 4-5 working days. And they you debit a nominal amount for the transfer.
@mimpi1911 (25464)
• India
4 Feb 09
That's so good to hear and please don't leave us any more. I would miss you a lot.
@margaux08 (1094)
• Philippines
4 Feb 09
Hi mimpi,
Thanks for the motivation. Actually, I just got active here in myLot I think last November. I've been here for almost a year now. I just started to get the hang of it just lately. If I had the time to go back, I could have been more active the first time I joined this website.
Anyways, thanks for the inputs. This really helps. I'll check the paypal website again.
Seee you around...
@ahgong (10064)
• Singapore
12 Feb 09
Find a e-currency exchanger who is willing to make that exchange for some cash that you can use.
I know of one that changes to money in my local currency from my paypal dollars.
I am not sure if he does exchanges in your currency.
I can introduce you to my exchanger if you are interested.
Otherwise, I am sure there are people who will be willing to do exchanges for you in your country for a fee.
@Jenaisle (14078)
• Philippines
4 Feb 09
If you're from the Philippines then secure a DEBIT card from Union Bank, Just tell them you're applying for an EON debit card for your paypal account, then they'll know what to do. You would have to process this for weeks because there are many manual procedures, but after that, it would be smooth sailing. I have already withdrawn 3 times from mine after the more than a month processing of my EON debit card.
@margaux08 (1094)
• Philippines
4 Feb 09
I do not have a debit card linked to my savings account. Is it really necessary?
@mimico (3617)
• Philippines
4 Feb 09
I use mastercard and it works with paypal. I think everything you need to know is included in their faq section. But it's good to ask questions to make sure. Anyway, I don't see why you'd want to keep you Visa info secret and not your mastercard. Aren't they the same? Visa is as import as Mastercard.. Anyway I hope this helps you. Good luck! And congrats on your first payment. :)
@eichs1 (1934)
• Philippines
4 Feb 09
I do not know how Paypal does bank accreditation but I am sure you can withdraw from them to almost all of the major banks in the Philippines. Here's a list of the banks in the Philippines where you can withdraw from Paypal:
http://pages.ebay.ph/bankwithdrawal/bank_codes_ph.html
Aside from adding your bank account, you need to verify your Paypal account to be able to withdraw. To verify your Paypal account, you have to add a debit/credit card to it (for US and other countries, their bank account is used for verification). It's a different process in other countries so don't get confused when other people will tell you that you can withdraw from Paypal even without adding your credit/debit card.
I don't know why you are afraid adding your credit card to Paypal. I have been using Paypal for more than 7 months now, and thankfully, I never encountered any problem with them. Well, my credit card is Mastercard so I can't speak for Visacard holders.
@ank_47 (1959)
• India
3 Feb 09
hi first congrats for u'r first payment here,for 300+ posts u got 10$ i think. now after my 400 posts i got only 3.12$ only. so congrats for u;r first payment in this site.
and about paypal ,for personal account , u can give in it u;r bank code number and can tranfer amount from paypal to u;r bank account number. so ask for u;r bank people for code number of that bank. bank code will be first u;r country code,u;r place code and then u;r code number. so if u don;t want to give u;r credit card details, u can give u;r bank code number and can get that 10$. but their(paypal) commision will be more. once i have got payment from other site to my paypal account.they took more commision from me.
i don;t know about other options like premium accounts and other card details.
@haydeecorbilla (242)
• Philippines
4 Feb 09
For what I know, you will only be required to link your mastercard for verification purposes. I am having the same problem too. I do not where to start.. good thing you asked that..Thanks
@smb312 (4)
• United States
3 Feb 09
Paypal is actually very confusing! You can link any credit card to paypal but pressing edit account, but you cannot make any transfers until you verify your card. This usually takes 1 week, so the easiest thing to do is connect your bank account to paypal.