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There is no charge if the transaction amount is P7,000 or more but there is a P50.00 fee if the amount to be withdrawn is P6,999.99 or less.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!

Microsoft IE8 passed Acid2

Wow this is nice and hot news! Finally IE is taking the standards seriously. The lawsuit of Opera to IE might have an effect afterall..

As a team, we’ve spent the last year heads down working hard on IE8. Last week, we achieved an important milestone that should interest web developers. IE8 now renders the “Acid2 Face” correctly in IE8 standards mode.

Now, with all that context, I’m delighted to tell you that on Wednesday, December 12, Internet Explorer correctly rendered the Acid2 page in IE8 standards mode. While supporting the features tested in Acid2 is important for many reasons, it is just one of several milestones for the interoperability, standards compliance, and backwards compatibility that we’re committed to for this release. We will blog more on these topics. Here’s a relevant video.

For IE8, we want to communicate facts, not aspirations. We’re posting this information now because we have real working code checked in and we’re confident about delivering it in the final product. We’re listening to the feedback about IE, and at the same time, we are committed to responsible disclosure and setting expectations properly. Now that we’ve run the test on multiple machines and seen it work, we’re excited to be able to share definitive information.

Ok, you might be wondering what is Acid2 Test. I myself was not familiar with it until now.

The Acid2 test was developed by the Web Standards Project (WaSP) as a challenge to browser developers. In a single page, the test makes use of a broad range of features from several different web standards that developers have wanted to have in browsers for some time, and it uses them to display a deceptively simple smiley face.

Now we can sleep real tight that in the coming future, developers and designers will have less headache making their website CSS based Happy New Year IE!