Made My First PayPal-to-Bank Account Withdrawal
IT'S AMAZINGLY good. I never thought that it would be successful. I expected that my money would be returned to PayPal. But no, I checked my bank account yesterday and the fund I transferred from PayPal was there!
I had a problem last time about withdrawing my PayPal funds because I can't use my credit card for some reasons. As a verified user, I can transfer funds into my bank account. (Take note, you have to be a verified user before you can withdraw through a Philippine bank. Being verified means you have added a card into your account. You also have to know the PayPal code for your bank. Google it, keyword: "paypal bank codes". Haha.)
It takes about 5-7 days to transfer fund into a bank account. That's about the same length of time in withdrawing via a debit or credit card (I think, it's about $3.00). However, withdrawal through card costs much. Meanwhile, bank withrawal only costs Php 50.00, that's less than a dollar for amounts less than Php 7,000.00. In cases where your funds have to be returned to PayPal, you have to pay an additional fee of Php 200.00.
I expected than there would be extra charges but there was none. It really made me glad. Next time, I would be withdrawing through my bank account again. Hurray to PayPal!
ariel scrached his head at 10:05 pm and poof, here's a post!