Paypal Philippines – How to Use Paypal in The Philippines
In the Philippines today, shopping online has become the trend. The ease with which small businesses can set up shop online on even the simplest of Multiply or Facebook pages gives them the flexibility to reach more people more efficiently. And what that means for us, in return, is that they can drop prices. And so, for us consumers, shopping has never been made more of a breeze.
But with the simplicity of shopping online, come the difficulties of paying online. Not all Filipinos are exactly comfortable with giving out tons of confidential information on each shopping site in order to purchase stuff online using a credit card. That’s where PayPal comes in.
PayPal is one of the most widely accepted payment processors online. The one probable reason for this would be that, compared to credit cards, PayPal is more secure. With PayPal you’ll only have to reveal your credit card and personal information to PayPal, after which you can pay on other sites using just your e-mail address. Plus, you keep maximum control by verifying every transaction made. Neat, huh?
So you’ve found the best stuff online and now know how to pay for it safely. But how exactly does one get and use a PayPal account? Good question. So we’ve taken the liberty to study PayPal and try it out for ourselves, from registering and monitoring, to purchasing and withdrawing. Here’s the inside scoop.
1. Go to the UnionBank of the Philippines website, and check for the branch nearest you. You can also find information about their EON Card and its uses there.
2. Apply in person at a UnionBank branch for an EON Account. You will need the following:
- 2 Valid IDs (government or premium)
- A photocopy of each ID.
- Also be ready with personal information such as your TIN, SSS and others for your application and identification requirements.
3. Your card should be released within 5 working days. Get the phone number of the bank branch so you can call first to verify that your card is already available.
4. Pick up your card and deposit at least PhP200.00 in your account. You’ll need US$1.95 to activate your PayPal account. PayPal will return the US$1.95 once your account has been verified by depositing it to your account.
5. Also, bring another PhP350.00 for the card’s annual activation fee. This will be enough to keep the card active for a whole year, even if you don’t use it.
6. Log on to the UnionBank of the Philippines website. Sign up online for an EON CyberAccount. You should be able to log into your account in 2-3 days. Expect the bank to contact your home or mobile phone to verify your first online access to your account.
7. Go to your existing PayPal account, or sign up for a new one. Add your EON Card as your account. Use the big, 16-digit number on your card as your credit card number.
8. Within 48 hours, check your EON account transaction history. PayPal should have sent you your “EXPUSE Number”. It’s usually in this format: VISA####PAYPAL. The digits in between VISA and PAYPAL comprise your EXPUSE Number.
9. Go to your PayPal account and click Get Verified. Choose your EON Card account and use your EXPUSE Number as your PayPal code. This should verify your card.
10. You may now use your PayPal account to shop online!
11. To withdraw your PayPal funds, just go to your PayPal account and choose Withdraw Funds. Withdraw your money in US$ and transfer to your EON Account. The currency will auto-convert and will show up in Pesos on your EON Online Account within 2-3 days. The money will then be ready to be withdrawn thru ATM machines, or may be used to pay in retail stores by swiping as a debit card.
Notes:
• Not all credit or debit cards from the Philippines can be used, so contact your bank first and find out if they can be linked to your PayPal account.
• The EON Card is a Visa Electron Card, a type of card for online purchasing. You can use this card for online payments, or as a local debit card, and even access it thru ATM machines.
• You can apply for as many EON Cards as you want, but you can’t have multiple PayPal accounts.
• PayPal has no sending and receiving limits as long as the account is already verified, no matter what type of PayPal account.
• The EON Card has a PhP20,000.00 daily maximum limit for withdrawals at ATM machines.
• Transferring money from an EON Account is free of charge. Transferring PhP7,000.00 and above from PayPal to EON is also free of charge. But transfers of smaller amounts from PayPal to EON will have a corresponding charge of PhP50.00.
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For More support, Watch this Helpful Video about setting up your PayPal and eon account in the Philippines.
Posted by: HOTBOX
Hotbox Creations is one of the top Creative studios for Web Development and Designs. Located in Makati City, Metro Manila, Philippines. Hotbox offers solutions for Branding, Print, Web and Motion Creatives.
We Help Big and Small Businesses Put their ideas and their business functions online.
Visit our website at
http://www.hotbox.ph
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[...] Paypal Philippines – How to Use Paypal in The Philippines …Aug 16, 2010 … Not all credit or debit cards from the Philippines can be used, so contact your bank first and find out if they can be linked to your PayPal account. [...]
Thanks for the information pinoy!
Paypal user here..kapag mag wi withdraw po kayo ng thurday 8am onwards makukuha niyo pera niyo ng monday night or tuesday night na..super tagal..
thanks for the information sir