If you have been following and reading my posts about PayPal, you will notice that there really is a way to make money using PayPal through PayPal’s Merchant Referral Bonus Program. It is wherein you are entitled to receive a portion of transaction amounts of the people you referred to PayPal. Last month, I received referral bonuses to my PayPal account. This month, just last week, I received another round of PayPal bonuses. Isn’t that nice and rewarding? Passive income that is.
I just wanted to share my successful withdrawal of funds from my PayPal account to my Philippine bank account at UnionBank. I transferred my funds last January 30, 2008 around 3:00Pm in the afternoon and the funds appeared on my UnionBank account yesterday, February 1, 2008. It only took 2 days to appear on my Philippine bank account.
Note: I have been withdrawing funds many times now from my PayPal to my debit card with a $5 charge. But with this PayPal to Philippine Bank withdrawal transaction, no charge is deducted and it is fast. This is great news indeed. 
I will try to use BDO savings account next time when my PayPal funds is enough to be withdrawn. Get PayPal Account Now!
Screen captures of my Successful Withdrawal From PayPal To Philippine Bank Accounts:
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We’ve already heard about the news about Paypal Philippines now available with full Send and Receive feature. Add to that also, our UnionBank EON CyberAccount, and other UnionBank Visa Cards, can now be used to fund our PayPal account and also it can be used to withdraw money from our PayPal account to our EON card!
Again, great news is here. PayPal To Philippine Bank Accounts Withdrawal Now Available! I know it is late for me to post it here but heck this is news. I have checked and logged in to my PayPal account and it is true, in the My Account > Withdraw page, you can now see an option to directly transfer funds from your PayPal account to your bank account in the Philippines. By the way, thanks to PinoyMoneyTalk and Marhgil for the heads up.
More informations and details for withdrawal transactions can be located at the PayPal Bank Withdrawal Page and Bank Codes of Major Banks in the Philippines site.
Some of you may have already read this kind of post but for others who have not, this might be of big help to them and for security awareness.
What is Phishing?
Phishing is a form of identity theft that occurs when a malicious Web site impersonates a legitimate one in order to acquire sensitive information such as passwords, account details, or credit card numbers. Phishing attacks usually come from email messages that attempt to lure the recipient into updating their personal information on fraudulent, but very real looking, Web sites. More information on phishing can be found at the Anti-Phishing Working Group, and there are a number of examples and resources available at the Wikipedia Phishing page.
Success! At last, I have just withdrew my earnings from my PayPal account to my UnionBank EON CyberAccount debit card. After PayPal secretly announced that Philippine PayPal users could use their Credit Cards and Debit Cards to withdraw their paypal funds, I verified and tried my UnionBank EON CyberAccount debit card that has a Visa Electron logo on it. It took 5 banking days to wait to get my funds posted in my UnionBank EON CyberAccount online.
I fully withdrew a total amount of $105.84 in my PayPal with a fee of $5 last October 11, 2007 and after 5 banking days, it was successfully posted in my UnionBank EON online account.
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Update: Just got EON CyberAccount Visa Electron debit card and PayPal Premier account verified.
Just called UnionBank Philippines Customer Service Call Center at Domestic Toll Free number 1-800-1888-2277 and ask for the 4-digit PayPal Expanded Use Number code, which is due this day since I’ve added my EON CyberAccount Visa Electron debit card last Sunday September 30, 2007. Received the 4-digit PayPal Expanded Use Number code, log-in to PayPal and verified my card.
Regarding the withdrawal process, will have to collect some money and try to transfer/withdraw to EON CyberAccount Visa Electron debit card. Stay tuned for more updates.
