Most bloggers who make money on reviews are paid through PayPal. But of course, even though they are paid through this, it won’t make any sense if they won’t be able to get the actual money. FYI: Your money in PayPal is real. It is like your online bank account wherein people may easily deposit money in the quickest possible way. The question is, how will you be able to withdraw your money?
In this article, I’ll discuss to you, especially Filipino bloggers, how you may be able to withdraw your money from PayPal. A cheap and easy way is through applying for a Union Bank EON Account. An EON Cyber Account allows you both Debit Card and a Bank Account. Since a Debit / Credit Card is the requirement of PayPal for withdrawals of money, then you must have a valid Debit or Credit Card. Anyway, EON Cyber Account is also especially designed by Union Bank for PayPal withdrawals, so you would most likely experience less difficulties in a lot of transactions with them.
How to apply for an EON Card?
The application for EON Card is online. But first, you must prepare at least 2 Valid IDs. If possible, the most recent one. If you only have one ID, you may present your NSO Authenticated Birth Certificate. This will be required when you’ll be claiming the card later on. Of course, upon claiming, it should be well verified that you are the one who applied for the card. Also, they would ask for a fee of Php 350. Then, to begin with the application, follow this link » Apply for EON Card. If the link doesn’t work, then just visit www.UnionBankPh.com, and click on "Use you UnionBank Cards with PayPal now!". By then, you will be properly guided on what to do next.
Upon submission of your application form, you will have to wait at maximum of 5-7 days for you card to be sent at the Union Bank Branch you specified. By the way, be sure to select the nearest Union Bank Office upon application since you might have trouble claiming your card later. After a week, even without notification from Union Bank, proceed to the branch you specified then bring with you your Php 350 plus an extra Php 100. Also, do not forget your identification documents and cards. There is a desk inside the bank which accepts transactions for EON Cyber Account. Approach the personnel assigned there and explain to him/her that you’ll be claiming your EON Card. You’ll be given further instructions by then. Note that even right after you get your EON Card, it still has to be activated for 3-4 banking days or more. So while waiting for it to be activated, deposit at least Php 100 to your account. This money shall be used as your PayPal transaction fee upon claiming your Expanded Use Number (EUN) for your PayPal account. This Expanded Use Number is a requirement so that you may be able to lift your PayPal withdrawal limit. Don’t worry, the money you paid for EUN will be given back to you after several weeks.
After your card has been activated, then you may already use it personally. So, to completely use it for your PayPal account, go to your account then add new Debit/Credit Card. Fill in the required details. When you’ve successfully added your card, it will ask for the Expanded Use Number for verification. You will just have to wait another 3-4 business days since PayPal and Union Bank will be in the process of settling the transactions. After this, call the Union Bank Toll Free hotline. Note that there may be busy hours, so be patient enough to wait even up to more than 5 minutes before you’d receive a response from any representative. There you should ask for your Expanded Use Number. Explain to them that you’re expecting for your EUN. As soon as you already have your EUN, go back to your PayPal account and follow the link "Get Verified Now" or something which mentions about getting verified. Input your EUN then you’re already done.
You may already withdraw your money either through Withdrawals to Credit Card or Withdrawals to your Bank Account. At the same time, since you will be a verified PayPal member, you’re limit of sending and withdrawing money will be lifted. As a piece of advise, since Withdrawals to your Bank Account is a newly added feature from PayPal, it offers a lot of benefits. So better withdraw your money through this rather than withdrawing your money through Credit Card. This cost less, since you will only have to be charged Php 50 if you’ll withdraw money less than Php 7000 or otherwise, it’s free. While on the otherhand, if you withdraw your money through Credit Card, you will be charged $5 which is at an estimated peso value of Php 205. The money you’ll withdraw usually takes 5-7 business days before it’d reach to your bank account, so just be patient enough to wait. Anyway, these are just pretty rewarding especially when you already receive your money.
There is also an alternative and quicker way to get your money without having to wait for almost a week. You will be charged $4.50 though for every money sent, but it won’t take 2 days to get your money. Send your money from PayPal through Xoom. You may directly deposit the money to your bank account, or perhaps send the money right to your doorstep (costs usually upto 4 days), or rather in a faster way which is through Pick-Up. Anyway, I’ll discuss to you only the pick-up method. Create your account in Xoom.com by just clicking in the "Send Now" button, specifying the amount of US Dollars to send. Choose your recipient (of course, your own personal information), then click Continue. Choose the currency (it is much more preferrable if you choose Php) then specifiy a secret word. The secret word will be required for claiming the money at a specific pick-up location. You may specify the recipient’s email address for notification. Press Continue then choose PayPal as your payment method. Continue again and review your transactions. By going to the next procedure, you will be asked to login to your PayPal account. Then just follow the instructions and your money will be sent. Through Pick-Up method in Xoom, you may claim your cash at any location as in this link » Pick-Up Locations.
If you have questions or any clarifications, just leave ‘em all here. Thanks.
Regards,
Ronald Borla
