New PayPal withdrawal service for Filipinos

Now this is great news, and especially for Filipino bloggers or online sellers affiliated with networks outside the Philippines!

PayPal announced a new service allowing Filipino account holders to withdraw funds from local banks. The announcement was made in the eBay.ph site but I would think this should apply to all PayPal account holders.

Users transferring funds from PayPal to a bank (see list) need to verify the account, provide the 9-digit bank code, the account name and number, and follow a set of instructions for the transfer. Withdrawals of PHP 7,000 or more do not have transaction fees. A PHP 50 fee is charged for withdrawal amounts less than PHP 7,000.

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One Response to “New PayPal withdrawal service for Filipinos”

  1.   Jerulyn
    March 12th, 2008 | 5:45 am

    to whom it may concern
    the idea of this paypal is very intersting.it cud help a lot.hope it cud be realize


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