Opening paypal account
By neonmay25
@neonmay25 (208)
Philippines
March 7, 2012 7:08pm CST
Hello fellow Filipino mylotters! Just wanna ask you all about opening a paypal account here in the Philippines? What is the most convenient way of getting it with a minimal charge? I really love to hear about you all. Your response would be very much appreciated. Thank you and have a nice day!:)
1 person likes this
5 responses
@swirlz (3136)
• Philippines
8 Mar 12
Unionbank's EON. I recommend it.
It's a savings account that you can use for your online transactions. It comes with a debit card that can be used as an ATM, used in point-of-sale transactions, can be used as Visa too.
Since it's a savings account, you can withdraw your money from paypal using the option of "withdraw through bank" which charges only P50.
@neonmay25 (208)
• Philippines
9 Mar 12
Thank you swirlz for giving me a detailed response. :) Have a nice day!
@ceasaris1993 (20)
•
8 Mar 12
try opening an acoount with unionbank and get an EOS card. It will be easier for to pay or get paid online if you have the eos card
@neonmay25 (208)
• Philippines
8 Mar 12
Okay, thank you ceasaris! It sounds good :) How about smart money? Is it okay too? if not I'll just go to Unionbank. Thanks for your time!
@neonmay25 (208)
• Philippines
8 Mar 12
Okay ceasaris1993. Thank you! Now my concern is solved. Great day to all!
@beamer88 (4259)
• Philippines
8 Mar 12
Opening a Paypal account is actually free. You don't need to pay anything. Although Paypal would debit a small amount in your credit card, debit card or bank account you've provided if you want your Paypal account to be verified. A verified account allows you to withdraw your money from Paypal to your bank account. But they would return this once your account has been verified.
@beamer88 (4259)
• Philippines
8 Mar 12
There's a list of banks that recognizes PayPal. I think almost all the big-named banks are there. You could just search it on the net and find the bank that's near your house. Off the bat, there's BPI, BDO, Unionbank, Chinabank, Metrobank to name a few.
@neonmay25 (208)
• Philippines
8 Mar 12
Thanks a lot, beamer88! That's what I heard from my friend, too but could you suggest a bank which would help me start this out? I would love to hear your thoughts.:)
@shylade (3132)
• Philippines
8 Mar 12
just log on paypal.com/ph and create your account. you can withdraw funds to your account but will charge you 50 pesos fro amount less than 7000. you can use your account to purchase online and you can add your own credit card also. credit card should be validated by the way.
@neonmay25 (208)
• Philippines
8 Mar 12
Thank you shylade for the response! I'll open an account in paypal as soon as I can, need to withdraw money. Have a nice day!
@befrindwithme26 (5805)
• Philippines
8 Mar 12
If you withdraw money from paypal to bank i think charge50 pesos.Like this week i withdraw my 3000 money and they charge 50 pesos.
But if youo want to get money to your bank,it is better you withdraw more than little because same will charge 50 pesos.. think limit to withdraw is 7,000 or i don't know.
@neonmay25 (208)
• Philippines
8 Mar 12
Oh thank you for that suggestion, I will try to do that. Just wondering where I could start? Which bank should I go to to open a paypal account? Thanks!
1 person likes this
@befrindwithme26 (5805)
• Philippines
8 Mar 12
Okay,Union bank is easy to link to paypal.Because union is associate with ii think.
And that is my use union card atm with visa in it and also you can read there in pay pal guidelines.
@neonmay25 (208)
• Philippines
8 Mar 12
I see. Thank you for this befrindwithme26! Truly appreciate it.:)
