PayPal Members in The Philippines Can Now Withdraw Thru Their Bank Accounts
January 30th, 2008 
Lito
I think will help many internet entrepreneurs in the Philippines like online store owners, eBay sellers, affiliate marketers or those OFW which can transfer their remittances with very little cost and might revolutionize e-commerce in the Philippines.
So now if you are not yet a Paypal member, why not sign up now? To those who already have an account in Paypal, this is how you add your bank account:
How to add a bank account in paypal?
In just a few easy steps, you can add your Philippine or Indonesian bank account to your PayPal account in order to conveniently withdraw your money.
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Step 1: Log into your PayPal account |
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 ——————————————————————————–Click the ‘Profile’ tab and then click ‘Add or Edit Bank Account’. |
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| Step 2: Add your bank details | ||
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For Indonesian users, the bank code is a 7-digit number. This number is different from a SWIFT code required to send international wires. The 7-digit number assigned to each bank is typically used as an identifier to complete a local or domestic money transfer. Please call your bank to obtain the 7-digit bank code which designates your particular bank branch and location. |
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| Step 3: Review your bank account information | ||
 ——————————————————————————–Review your bank information and click ‘Add Bank Account‘ to confirm. |
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Step 4: Confirmation |
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Step 1: Log into your PayPal account |
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 ——————————————————————————–Click the ‘My Account‘ tab and then click the ‘Withdraw‘ sub tab. |
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Step 2: Select the ‘Withdraw funds to your bank account’ option |
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 ——————————————————————————–For Philippine users, withdrawals equal or more than PHP 7,000 are free. For withdrawal amounts of less than PHP 7,000, there will be a fee of PHP 50. |
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Step 3: Select the bank account and amount to withdraw |
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Step 4: Confirm the transfer |
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Source: PayPal Bank Withdrl Page from eBay
Posted in Home Based Business, Internet business | 
February 2nd, 2008 at 9:52 pm
This is very good… it will make it easy to withdraw the money from a Philippines Paypal account..