Withdraw PayPal directly to your Philippine bank account
Breaking news mga kapwa business-minded Pinoy! We can now directly withdraw paypal money to our local banks. Thus making business online a lot lot lot lot lot and 1millions times lot better.
Effective yesterday, PayPal started allowing users in the Philippines to withdraw funds to local bank accounts.
Yes, it’s confirmed. Log in to your PayPal account and see that in the My Account > Withdraw page, you now have an option to directly transfer funds from your PayPal account to your bank account in the Philippines.
Withdrawal transactions are expected to be processed within 5-7 business days.
There is no charge if the transaction amount is P7,000 or more but there is a P50.00 fee if the amount to be withdrawn is P6,999.99 or less.
A P250.00 return fee is charged if you entered incorrect details about your bank account so make sure you input the correct information.
To withdraw, you must attach a bank account first to your PayPal account. Once added, you can directly submit a withdrawal request.
It’s really true!
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