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Paypal

One of the most prominent payment processors available on the internet is Paypal. Nothing is more secure and convinient way to get paid online than Paypal. It offers a wide selection of payment methods which include, credit cards, debit cards, bank account or wire-transfer, Paypal account or buyer credit balances. The birth of Paypal technology paved way for online security because you can transact business operations without sharing financial information. They value your privacy and convenience. When it comes to online payment solutions Paypal remains to be key preference of most online entrepreneurs worldwide. Their market share is composed of 190 countries and 18 currencies around the globe. Paypal facilitates e-commerce by making sure that payments are possible  across borders, currencies and languages. It has received 20 exemplary rewards for its continuous business, credibility and performance and the pride of receiving the 2006 Webby Award for Best Financial Services Site and the 2006 Webby People's Voice Award for Best Financial Services Site.

Sign up for PayPal and start accepting credit card payments instantly.

List of Banks in the Philippines with bank codes


To complete your PayPal withdrawal, you will need to enter the name of your bank, your bank account number and the corresponding 9-digit bank code, which identifies your bank.

SOURCE: bankwithdrawal

BANK NAME - 9 digit bank code
ALLIED BANKING CORP - 010320013
ASIA UNITED BANK - 011020011
AUSTRALIA NEW ZEALAND - 010700015
BANCO DE ORO (& EPCIB) - 010530667
BANGKO SENTRAL NG PILIPINAS - 010030015
BANGKOK BANK - 010670019
BANK OF AMERICA - 010120019
BANK OF CHINA - 011140014
BANK OF COMMERCE - 010440016
BANK OF THE PHIL ISLANDS - 010040018
BANK OF TOKYO - 010460012
CHINA BANKING CORP - 010100013
CHINA TRUST COMML BANK - 010690015
CITIBANK N.A. - 010070017
DEUTSCHE BANK - 010650013
DEVT BANK OF THE PHILS - 010590018
EAST WEST BANK - 010620014
EXPORT & INDUSTRY BANK - 010860010
FUJI BANK - 010640010
HONGKONG AND SHANGHAI BANK - 010060014
INTL COMML BANK OF CHINA - 010560019
INTL EXCHANGE BANK - 010680012
INTL NEDERLAND BANK - 010660016
JP MORGAN CHASE BANK - 010720011
KOREA EXCHANGE BANK - 010710018
LAND BANK OF THE PHILS - 010350025
MAYBANK OF THE PHILS - 010220016
METROPOLITAN BANK & TRUST CO - 010269996
PHIL BANK OF COMMUNICATION - 010110016
PHIL NATIONAL BANK - 010080010
PHIL TRUST COMPANY - 010090039
PHIL VETERANS BANK - 010330016
PRUDENTIAL BANK - 010150018
RIZAL COMML BANKING CORP - 010280014
SECURITY BANK & TRUST CO - 010140015
STANDARD CHARTERED BANK - 010050011
UNION BANK OF THE PHILS - 010419995
UNITED COCONUT PLANTERS BANK - 010299995
UNITED OVERSEAS BANK – 010270189


 

How to Verify your Paypal Account


1.  Login to your existing Paypal account and click either the Add a credit card link or the Link and confirm my debit or credit card link. Once you have added your credit card information, you will see the screen in step 2 prompting you to link and confirm your debit or credit card.

2.  To start the verification process to confirm your credit card, click Save and Continue to authorize a US$1.95 charge (or local currency equivalent) and also generate a 4-digit PayPal code.The 4-digit PayPal code will appear on your credit card statement in 3-4 business days. You will be refunded of the US$1.95 (or local currency equivalent) upon successfully entering your code in your PayPal account. It may take 3-4 business days for the code to appear on your online account statement. To expedite this process, we recommend logging in to your credit card statement online to get your code. If you are not able to access your credit card statement online, this process could take up to 30 days or until you receive your next statement with the post

3.  Once you have retrieved your 4-digit PayPal code from your credit card statement, login to your PayPal account and click on the Confirm my debit or credit card link on the Account Overview page to enter your code.

4.  To complete the verification process and confirm your credit card, enter your 4-Digit Paypal Code.

How to Add a Bank Account on Paypal


1.  Log into your PayPal account
2.  Click the Profile tab and then click Add or Edit Bank Account.
3.  For Philippine users, the bank code is a 9-digit number.
4.  Add your Philippine bank account details and click Continue.

Important Information:
Please note your first name and surname on your PayPal account must match the name on your bank account. If it does not, your withdrawal request may be rejected by your bank.

5.   Review your bank information and click Add Bank Account to confirm.
6.   if you successfully added your bank account, you’ll see the confirmation: You have added a bank account on the next page.

How to Withdraw the Money from Paypal to your Bank Account

Non-verified PayPal members are NOT be permitted to make withdrawals of any amount

SOURCE: http://pages.ebay.ph/bankwithdrawal/

1.  Click the My Account tab and then click the Withdraw sub tab.

2.  For Philippine Banks, withdrawals amounting to Php 7,000 or more are free of charge, otherwise a fee amounting to Php 50 (amount may vary depending on bank policies) shall be debited from the total amount withdrawn.

3.  Select the bank and amount to be withdrawn.   You have to be a verified PayPal member in order to withdraw funds from your account. To start the verification process using your credit card, please click the Lift this limit link.

4.  Confirm the transfer. It usually takes 5-7 business days for funds to reach your bank account. However, depending on your bank’s policies, it may take longer.

AlertPay

Alertpay is an expanding secure online payment solutions available on selected countries to facilitate a secure payment system between online entrepreneur and individuals. They have good support system and multi-lingual staff to bridge communication differences among countries and languages. The service is currently available to 190 countries and 21 currencies that offers local banking wire transfer on 46 countries. The entry level is low, anybody can register an account. It is widely accepted that you don’t need to get verified to be able to make payments, but then it’s so easy to get verification by simply sending proof of identity and proof of address. It is very user-friendly you can start in minutes. At times, they will require you to get verification in order to comply with certain governmental organizations to validate your existence. Unless you know what you are doing, sign up for a Personal Account and start receiving and sending payments, they offer no restriction, if you have a Personal Starter or Pro account, you can still add, withdraw and transfer a limited amount of funds.

How to Verify your AlertPay Account


To get verified on Alertpay all you need to do is to submit a Proof of Identification and a Proof of Address.

You may provide the following for Proof of Identification:

  • Driver's license
  • Passport
  • State ID, Country ID or Photo Medical ID 
Most recent Proof of address, dated within the last 6 months must show your name and address

  • Utility Bill
  • Phone bill
  • Credit card statement
  • Bank Statement
 
Steps to get Verified:

1. Login to your AlertPay account.

2. Click on “Become AlertPay Verified”.

3. Click on “Upload Now”.

4. Select a document type.

5. Select a form type.

6. Upload scanned document.

7. Repeat steps 2 to 6 for the next document.