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How to Withdraw Money from Paypal in the Philippines

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Phaw was looking for a bank that he can transact with and open a savings account and took Unionbank as an option. This became an option because he already had an account with Unionbank, thru the EON visa card. He used this card before to be able to send and receive payments for one of his first online business ventures(the .WS domain networking business…).

He searched the internet to further research on Unionbank accounts and to his pleasant surprise, Unionbank cardholders can now withdraw funds from their Paypal account thru their Unionbank account! This is good news for Phaw since there are affiliate programs out there that send payments thru Paypal. However, this is neither good or bad news for those who earn thru Adsense since Google doesn’t send payments thru Paypal :( (this might have something to do with Google having their own system call the GoogleCheckout…).

But this is certainly good news for those affiliate marketers in the Philippines who receive their payments thru Paypal! This would also motivate those Filipino affiliate marketers who hesitate to promote programs that only pay thru Paypal. The benefits that Phaw sees for affiliate marketers in the Philippines are:

  • Receiving payment for affiliate program transactions would be faster
  • E-commerce(thru affiliate marketing) participation might develop further thus giving Filipinos another source of income

Well, in a nutshell, this is how the Paypal-Unionbank would work for affiliate marketers:

  1. Open a Unionbank account(either EON or E-wallet accounts…)
  2. Enroll the Unionbank account to online banking
  3. Open a Paypal account (for those without Paypal yet of course)
  4. Add the Unionbank account to the list of banks Paypal can transact with
  5. Withdraw money from Paypal via Unionbank

To know the detail by detail step of this, you can check the Unionbank website itself: Unionbank-Paypal.

Make sure to check out the site for more related information about How to Withdraw Money from Paypal in the Philippines .

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  • http://randell.ph/geeky/ randell

    Is sending money to your paypal account FROM your savings account possible already? Last time I checked, it still wasn’t possible in the Philippines.

  • http://www.peyups.com Ardeeboi

    Phaw, you have a great website and you write very well. Easy to understand though sometimes lengthy – but thats okay, every bit is another piece of information. Just watch out getting too emotional on your articles. This comment has nothing to do with this article so I am sorry if I put this clutter in your comments section. I just want to let you know this is a Grade A website the first time I visit. I actually scanned ALL articles on your Homepage. Surely I will visit again.

    Whoa!… nahahawa yata ako magsulat sayo Phaw????
    and even my article begins with “Phaw”!!!

  • admin

    @Ardeeboi – Thanks for visiting my blog :P . Didn’t know that you are part of the peyups team?

  • admin

    @Randell – I am still looking into your query. Will let you know.

  • http://adsense-money-machine.com Jim Spence

    Sunday In searching for sites related to AdSense but more specifically to %KEYWORD, I found your site which has great content.

  • Phaw

    Thanks Jim.

  • Lee

    had problems with this unionbank eon account. There was a time when I can withdraw funds from Paypal with ease but there were these two instances when my funds were returned to Paypal because of wrong account information. Lost 500 pesos in some fees something.

  • Phaw

    Randell,

    I’d like to ask why you want to send money to your Paypal account? If you want to buy something on the internet, I don’t think you need to do so as it automatically gets funds from the linked account you have(at least that’s what happens to me when I buy using Paypal…).

    Lee,

    Did this happen recently? What type of wrong account information? Were you able to get your 500 back?

  • http://www.yahoo.com ardeeboi

    I read your article again and also visited the paypal website. I do not want to open a new acct at Unionbank and there is no branch near my place.My question is is it okay to link my existing credit card to paypal? is this okay versus a moneycard/debit/savings acct just like what you have?

  • Phaw

    Hi Ardeeboi,

    Sorry for the late response. It is okay to link your credit card to paypal. It is even better if you do use your card online for online shopping. This way, you can protect your card from hackers.

    The difference between linking a credit card against a debit one is that the former can withdraw funds from your paypal account and you can get it from your atm machine.

    But generally, what you said is a good idea and you should do it.

    Phaw.