Another GOOD NEWS from PAYPAL Philippines! Have you checked it already? If not, then go and login to your Paypal account. You can see what I mean by clicking the WITHDRAWAL link.
Late last year, PAYPAL unlocked its “WITHDRAWAL” feature and allowing us, members from the Philippines, to withdraw funds from our PAYPAL account and deposited directly to our VISA/MASTERCARD DEBIT/CREDIT card. Nice one Paypal!
Now, Paypal is giving another consideration and updated its withdrawal system. However, there is a setback that I believed Paypal has to check on. The added feature actually is for our Paypal funds to be deposited to any banks here in the Philippines for FREE if the amount to be withdrawn won't fall below Php 7,000 or else a Php 50.00 charge will be deducted.
To give you an idea of what that problem is all about… check on the photo below. As you can see, we need to fill a BANK CODE before we can add or link our Bank account to Paypal but sad to say…..our current bank system doesn’t use the BANK CODE for International Money Transfer. Instead they’re using the SWIFT CODE. I exactly don’t know the difference aside from its format and the digits. Maybe or maybe not…. our banks do use of the Bank Code system but it’s not for disclosure to their clients.
Until this matter remains unsolved then what we need to do is to wait and see for more updates from Paypal Philippines.
[Click to enlarge]
Late last year, PAYPAL unlocked its “WITHDRAWAL” feature and allowing us, members from the Philippines, to withdraw funds from our PAYPAL account and deposited directly to our VISA/MASTERCARD DEBIT/CREDIT card. Nice one Paypal!
Now, Paypal is giving another consideration and updated its withdrawal system. However, there is a setback that I believed Paypal has to check on. The added feature actually is for our Paypal funds to be deposited to any banks here in the Philippines for FREE if the amount to be withdrawn won't fall below Php 7,000 or else a Php 50.00 charge will be deducted.
To give you an idea of what that problem is all about… check on the photo below. As you can see, we need to fill a BANK CODE before we can add or link our Bank account to Paypal but sad to say…..our current bank system doesn’t use the BANK CODE for International Money Transfer. Instead they’re using the SWIFT CODE. I exactly don’t know the difference aside from its format and the digits. Maybe or maybe not…. our banks do use of the Bank Code system but it’s not for disclosure to their clients.
Until this matter remains unsolved then what we need to do is to wait and see for more updates from Paypal Philippines.
[Click to enlarge]
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