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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Filed under: Announcement, Finance, How To, Technology by Phaw