PayPal Withdrawals In The Philippines

34 Comments
February 17th, 2008 · by Sonnie · Ask Sonnie, Blogging, Informative, Money Talk, Pilipinas, Technology

For the benefit of PayPal users in the Philippines who have yet to withdraw their funds , allow me to share my own withdrawal experiences on the following services:

  1. Local Bank (EPCI) BDO
  2. Via EON
  3. Via Xoom

But first, to those who have no inkling of what PayPal is, PayPal is an all in one secured payment solution. Head over h e r e to learn more.

Web 2.0 has opened great opportunity for bloggers in the Philippines to earn in US $ thru various means. In the absence of PayPal, payments are done in check and sent thru snail mail. Based on some reports, there were checks that were stolen while in transit but successfully withdrawn by scrupulous individuals. When PayPal opened it’s services in the Philippines, receiving payments has become easier. However, withdrawing the hard earned $$ may be troublesome at the beginning.

How was my experience in withdrawing money from PayPal?

Via Xoom

  1. I transferred funds to myself, and have it picked up at a BDO branch.
  2. Though I got the money in 24 hours, waiting for Xoom’s confirmation takes a while.
  3. I find this also more expensive because I was charged separately by PayPal and Xoom, both in $.
  4. In another instance, when I repeated the transfer, Xoom cancelled my request citing a violation to their terms. When I emailed them to clarify, they can’t cite the specific provision, they advised me instead to call their customer service.

Via Local Bank

  1. I used my EPCI turned BDO account as my primary bank
  2. 3 days after I made the transfer, the transaction was reportedly “completed”.
  3. But the money was not reflected nor deposited to my BDO account.
  4. I emailed PayPal twice and had several conversation with BDO customer service agents. Unfortunately, BDO is at a loss since they are only at the receiving end.
  5. It took 17 days before I got the feedback from PayPal. My money was returned and got penalized for the wrong details of the bank, the bank account was non existent.
  6. But the bank account I gave is the new account number provided by BDO (since EPCI merged with BDO, my old EPCI account was closed and a new BDO account was given).
  7. When BDO agents called to tell me that the transaction ID I gave was non existent, I also told them that I received email from PayPal earlier. My transaction was voided for giving PayPal a wrong account number. The new BDO number they gave was not recognized when PayPal initiated the transfer. BDO agents promise to look into the matter and give me feedback at a latter time.

Via EON Cyber Account

  1. I got charged $ 5.00 for the transfer.
  2. The transfer was reported to be completed only after 10 days.
  3. But the money was only deposited to my EON account after another 4 days, or a total of 14 days.
  4. I was also advised by their CSR that I can also enroll EON as a primary local bank, to save on the service charges. But I have not tried this yet.

I hope as this service mature in the Philippines, the birth hassles we are experiencing will be ironed out. PayPal will boost the e-commerce here, I believe.

If you dont have a PayPal account yet, click below

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34 Responses to “PayPal Withdrawals In The Philippines”

  1. Amy February 18, 2008 at 8:43 AM

    Why your paypal to EON transaction took so long to be processed?
    san ka po based?
    My paypal transaction takes just 1 day to be completed and 3 working days to be deposited to my EON account

    Amy’s last blog post..My New IPOD Touch: Unboxing

  2. Sonnie February 18, 2008 at 8:54 AM

    Hi Amy,

    I have no idea, PayPal’s explanation is they have an ongoing system upgrade.
    I am based in Manila.

  3. Lazarus February 18, 2008 at 12:37 PM

    I successfully transferred funds to my BPI account. Transaction in paypal was done Tuesday evening, the money cleared on Monday the next week. That’s 5-6 days.

    Lazarus’s last blog post..Online Shopping To Satisfy My Wishes

  4. Sonnie February 19, 2008 at 8:04 AM

    Good for you Lazarus. On my my next EON transfer though, request was completed on the 2nd day. Am waiting for the money now to be deposited

  5. jhay February 20, 2008 at 1:27 AM

    Strange, I never had any problems in transferring money from PayPal to my EON account.

    The real problem I had was, there was no money to transfer! :P

    jhay’s last blog post..La Salle Dasmariñas takes a stand on the NBN controversy

  6. Sonnie February 20, 2008 at 10:27 PM

    Hi Jhay,

    Unfortunately, I was affected by the systems upgrade

  7. avee February 21, 2008 at 4:06 AM

    HI nice blog =)

  8. jayvee f. March 6, 2008 at 4:21 PM

    i’m having the same problem with BDO. exactly the same thing you mentioned, but I have a BDO bank, not EPCI. argh.

    jayvee f.’s last blog post..Kraft bags 2007 Global IMC Awards Thanks to Philippine Bloggers

  9. jayvee f. March 6, 2008 at 4:27 PM

    speaking of which, when i tried a paypal dispute, i did get this note:

    “Your payment is still in flight. You may dispute the transaction once the seller has recieved payment. Wait fifteen minutes and try again.”

    which either means there really is an error OR it takes more than 7 days for a transaction. my first transaction took place in february 11 2008! thats almost a month ago.

    jayvee f.’s last blog post..Kraft bags 2007 Global IMC Awards Thanks to Philippine Bloggers

  10. Sonnie March 8, 2008 at 8:23 PM

    Hi Jayvee,

    Since that experience, I have not used bank transfer anymore. EON is more reliable now. Max of 4 days, min of 2.

    BTW, I missed the AIM corporate communications seminar with you. Got tied into several meetings, may re run ba?

  11. Paolo March 9, 2008 at 7:44 PM

    Hi!

    I would just like to ask if the system’s adjustment of unionbank and paypal is over..
    I was going to purchase something from the internet but my card got denied and said that I should call my card company… I did and they said it was the latter and that they can’t pin-point when it’ll be up and running again…

    It’s kind of frustrating much so because this transactions are not for me but are orders from my clients… hope they patch this up real soon…

  12. Sonnie April 30, 2008 at 8:36 AM

    Hi Paolo,

    I think it’s over by now, sorry for the lat reply :-D

  13. Gary May 12, 2008 at 11:11 AM

    Hello po,

    According to the Unionbank website when withdrawing funds into your EON, you select daw yung option “Credit Card or Debit Card”, wherein you will also be charge $5.

    But since EON is also a Savings Account, then we can as well use the option “Withdraw To A Local Banks”, which is only charged for 50 pesos. Has anybody tried this option for your EON? Pwede naman di po ba?

    Thanks po…. Newbie po sa Paypal and Internet Marketing…

  14. khassandra July 11, 2008 at 8:43 PM

    I have withdrawed from paypal using my eon account twice already. I used the local bank option and the given UBP bank code by paypal so I was only charged by P50. My first withdrawal took 4 days while the second only 2 days. Maybe I’m just lucky. :-)

    khassandra’s last blog post..Study in UK while Earning a Minimun of $1700 a Month

  15. cherrey August 27, 2008 at 12:04 PM

    i want to withdraw money but they are asking me credit card something..numbers i dont have credit card

  16. Mariecon August 27, 2008 at 5:54 PM

    Hi there. I am very new in this paypal thing. I used to recieve payment for my work thru HSBC. Then the company I am connected with started paying us thru paypal. I have been able accept the payment but unsuccessful in transferring it to my bank account. My primary bank account was with BPI but I do not have a credit/debit card there. I entered my husband’s BDO debit card with a mastercard logo since paypal customer service said thatany credit/debit card with mastercard or visa logo will do. However, the system did not accept it. I do not have the slightest idea why since I got no answer from BDO also when I inquired. Wht is the best way to withdraw money from paypal? It is realy getting so frustrating. Thank you so much. I hope you can help me out.

  17. Sonnie August 28, 2008 at 1:02 PM

    Hi Mariecon,

    You have 3 options to withdraw money from PayPal,

    (1) via Xoom.com
    (2) via EON Cyber Account (Union Bank)
    (3) via your local bank

    You can get the details here:

    http://sesantos.com.ph/2008/02/01/my-first-paypal-philippine-bank-withdrawal/

  18. candice December 19, 2008 at 5:54 PM

    Hi,

    I have a question: in withdrawing the funds, what proper bank details do i input? the 16 digit or the 12 digit number on the card? Im really confused.

    thanks!!

  19. Lily Tiopez January 7, 2009 at 11:11 AM

    I have not tried withdrawing money from Paypal because I am still at a lost as to whether what option would I choose… card of Bank account. I have already successfully registered my Eon Card but I also added it as a Bank account because anyway it is very clear that it is a Debit Card and Savings account as well. I added it as Bank Account and Paypal accepted. I read here that we can use this as Bank Account too but before I proceed withdrawing I wanted to be really sure so I called Union Bank Customer Service and a certain Me’anne told me I should choose the Card option when withdrawing to avoid being charged P250 if and when my money returns. I disputed here and told her I read a handful of testimonies at the internet that choosing the option “Bank Account” is possible. The obviously confused CSR asked me to hold the line and then after a long wait she returned to me and said she asked her supervisors and they have the same answer. “I should choose the Card option and not Bank Account when withdrawing.” Although I did not dispute her anymore, I was not really convinced. I believe I can use the Bank Account option and I hope I could hear more first hand experiences from people who successfully withdraw using the option Bank Account although they also registered Eon as Visa Card. Until such time I will keep my money with Paypal intact. Readers, if you have related experience please share. Thanks!

  20. Sonnie January 10, 2009 at 4:39 PM

    Hi Lily,

    You can use your EON for either bank or card option. But this type of withdrawal takes about 3-5 days. You can also withdraw your money via xoom and get it the same day. You can pick up your withdrawal thru BDO or SM Customer Service

  21. Cliffordx March 2, 2009 at 3:30 AM

    Kaso Xoom malaki ang charge tapos yung conversion from dollar to pesos mababa. Personally I have Paypal business account, and charge lang was the money coming in but when you requested the money to your EON’s bank account (the 12-digit bank account number as bank account number) for 7,000 pesos and up is FREE. Sa akin it took me 2 days reflected na kaagad sa EON account ko as you can see on my blog here. This is the first time I transferred without a glitch or problems.

  22. Lily Tiopez March 9, 2009 at 6:14 PM

    I have started withdrawing from Paypal using the bank option. It only takes 2 days to get credited to my eon account. I think that is good enough!

  23. Cliffordx March 9, 2009 at 7:43 PM

    @Lily- It’s good news that you finally withdrawn your Paypal to EON card. Union Bank CSR sometimes don’t even have know-how or clue since they don’t personally experience it. I for one knew that the bank account is my best option because I’m using it for direct deposit not just for Paypal.

  24. Sonnie March 9, 2009 at 8:31 PM

    @ Lily– good to hear that. I’m withdrawing thru xoom so I can deposit my earning to a dollar account. Laki nga lang charge

  25. Sonnie March 12, 2009 at 8:26 PM

    I withdrew $200 via xoom and transferred the amount to a dollar account. $16 dollars ang transaction fee :-(

  26. Cliffordx March 12, 2009 at 8:50 PM

    Masyado mataas naman fee. It’s much higher than Payoneer which is also a debit card that you can be funded through Western Union or bank account. Ako bago lang nagkaroon ng Payoneer, its a debit Mastercard, color gold it’s nice looking.

  27. Sonnie March 13, 2009 at 11:21 PM

    indeed. but that’s the only way to withdraw it in dollars. Paypal has no facility yet to transfer your funds directly to a dollar account.

  28. tochi June 26, 2009 at 11:23 PM

    lol i tried sending via Xoom but they kept on cancelling my request due to violation of whatsoever… paano kaya un?

  29. Sonnie June 28, 2009 at 1:11 AM

    Hi Tochi, you can’t send money to yourself… Xoom will not allow

  30. jacq August 20, 2009 at 6:08 PM

    Hey.. wanted to ask you guys.. okay na yung paypal account ko, and may funds na rin.. kaya lang, biglang nung winiwithdraw ko na thru my eon account, ayaw magpawithdraw ng paypal.. LIMITED ACCESS daw ung account ko..

    do you have any ideas pano xa maayos?.. thanks and hope to hear from you. this is the first time im going to use paypal.. thanks again.

  31. Laarni September 29, 2009 at 10:06 PM

    Hi everyone! If you have a PayPal account and you want to earn some good money just by surfing the internet from the comfort of your own home, check out this site http://11783.powerbarclub.com. No investment fees! 100% absolutely free!

  32. Cecille Reyes December 7, 2009 at 5:25 PM

    hey guys,
    paypal.. paypal…how to start?

    thanks,
    ces

  1. Weekend Roundup #20 » JaypeeOnline // Blogging News & Reviews February 19, 2008 at 1:25 PM

    [...] Santos shares his experiences withdrawing PayPal funds from Banco De Oro, EON and Xoom. It seems like PayPal users in the Philippines are still having a hard time to access or withdraw [...]

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    [...] Santos shares his experiences withdrawing PayPal funds from Banco De Oro, EON and Xoom. It seems like PayPal users in the Philippines are still having a hard time to access or withdraw [...]

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