PayPal is valid in the Philippines, you can now receive and send payments via PayPal in the Philippines.
How to withdraw from Paypal
First thing's first, GET VERIFIED
2 ways to get verified:
- Credit cards - Enroll your credit card, it will be charged but don't worry the charging will be returned after 24 hours, it is only needed to verify your account. Your 4-Digit EXPUSE (expansion use) number will show in your card billing.
- Debit cards - enroll your debit card, call up your bank and get your 4-Digit EXPUSE (expansion use) number,
- Unionbank EON is the best choice as of now Unionbank Hotline (632-84-186)
- Banco De Oro can also be used.
- Log in to your PayPal account, and confirm your credit or debit card. Right after PayPal confirms a match, your account will be verified immediately.
How to withdraw from your Paypal Account
- Step1 : Log into Paypal, click PROFILE > BANK ACCOUNT
- Step2: Enter bank details, take note that your first name and surname on your Paypal account should match the name of your bank account.
- Step3: Fill out the space for the bank code. Get your bank codes and withdrawal fees right here.
- Step 4: Confirm
Withdrawal Fees
Withdrawals equal or more than PHP 7,000 are free. For withdrawal amounts of less than PHP 7,000, there will be a fee of PHP 50.
What you need to open a Unionbank EON
- 2 government issued IDs (passport, driver's license, SSS, GSIS, etc) for proper identification.
- Photo 2x2 2pcs
- There is an annual fee for the debit card.
- Your debit card should have at least P200 for verification spend on PayPal.
Got any questions? Suggestions? Violent reactions? Post up!
