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PayPal Philippines – Getting Started

Posted by N3r3N

Jan 22, 2010

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PayPal

Let’s get started:

If you have no Eon account, you must apply online at the Union Bank website or easier just go directly to one of their Bank locations. You would be applying for the Eon CyberAccount.

Go to Union Bank after a week or so and claim your Eon card. You need to bring 2 valid IDs. If you have photocopies of those IDs, it would be cool to bring them too just in case the bank photocopy machine is not available at the moment.

After 2 working/banking days (or just to be sure, ask the attendant) of claiming your card, your Eon account would be active. Deposit some money on your account. Your account have to have the equivalent of US$ 1.95 on it. PayPal would be deducting that amount to your account while on the process of adding your card to PayPal. Anyway, PayPal would return it back to you once you are finish with all the steps on adding your card. You can deposit 100 or 200 Pesos =)

You’ll need to wait for about 3 days or more, maybe a week, before you can add your Eon card on PayPal. Union Bank is sending your information to a department to lift restrictions so you’ll be able to use your card online.

Try to add your Eon card to PayPal.

If successful wait upto 5 working/banking days. Read Expuse guide first before you call the Union Bank center at 84-186 for Metro Manila (or 8418600 for non-PLDT or if it doesn’t) ask for your EXPUSE Number (Expanded Use Number) to finish adding your card. For domestic call , the number is 1-800-1888-2277 toll free.

When you get your EXPUSE number, click the Finish Expanded Use Enrollment link on the To Do List.

Enter your EXPUSE Number and you’re done.

How to Open a PayPal Account?

Send money to family and friends, forward a gift of money, buy items online – PayPal is the secure, free, easy way to pay. Enroll your UnionBank Card in Paypal

1. Sign-up for an account at www.Paypal.com. Be sure to select Philippines as the country where you live in and use U.S. DOLLARS as the primary currency.

2. Enter your 16- character card number and Card Verification Value(CVV) –last 3-digit number found at the back of the card

3. Enter your address of record at UnionBank as your billing address that appears in your monthly statement, and for EON Visa Electron , use the address found in the Profile page at the Unionbankph.com online banking site.

Receiving Payments and Withdrawing

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On Receiving Payments

1. Notification – You will be notified via your registered email at Paypal that you have a pending payment.

2. Transaction ID – You will also receive a transaction ID in the email notification.

3. Acceptance – To accept this payment, you must log in to the Paypal website and click the ACCEPT button next to the transaction.

4. Upon ACCEPTANCE of the payment, the payment will be reflected on your Paypal account balance.

Procedure for Withdrawing Payments from your Paypal Balance to your UnionBank bank account

1. Once the payment has reflected in your Paypal balance, you can transfer the funds to your UnionBank bank account by using the “Withdraw to Bank Account” feature. You will need your UnionBank account number (12 digits) and the UnionBank bank code (010419995).

2. The transfer to your UnionBank bank account will be completed within 2 to 4 banking days from the date of your withdrawal request. A status report of your withdrawal request is reflected in your Account Overview screen. There is a P50 charge for withdrawals P6,999 and below. Withdrawals P7,000 and above will not be charged a fee.

3. Your funds will be converted to the peso equivalent using the VISA Exchange rate for the day of the withdrawal request.

Procedure for Withdrawing funds to your UnionBank account

Step1: Login to your Paypal account – Click” My account” tab and then “Withdraw” sub tab

Step2: Select the “Withdraw funds to your bank account option -See fees involved-

Step 3: Select the bank account and amount to withdraw

Step4: Confirm the transfer

Please note the terms and conditions of Paypal concerning the frequency of payment acceptance.

1. Personal Accounts – You can only accept payments monthly and up to 5 credit or debit card payments annually with your Personal account.

2. Premier Accounts – This account allows you to accept credit or debit card payments for only 3.4% plus $0.30 USD per transaction.

*FULL USE: Limits shall be based on the available balance for debit cards and the available credit limits for credit cards or other limits imposed by PayPal or the bank.

For regular enrollment, you have a limit of $100.00 for every transaction. With the expanded use number, you will have a $500.00 limit for every transaction. with UnionBank’s VISA Cards!

Paypal Fees and Charges

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