People nowadays are looking for every possible ways to make money online. Aside from the traditional jobs in the office, people are now blogging for passive income or some have online jobs such as virtual assistants, medical transcriptionists, graphic designers, technical supports, telemarketers and many other careers that utilizes the internet as a medium of communication.
So you're about to be paid by your boss through Paypal, how would you be able to withdraw it? It's so easy and simple.
1. Sign up for a Paypal account. It basically requires the basic information like your name, e-mail address (be sure that it's not the one that's always hacked as this is what you'll provide to your clients later on), street address and the likes. Once the sign up is successful, you will receive an email from Paypal which will prompt you to confirm the registration. Voila! You are now eligible to be paid through Paypal. You simply need to give the e-mail address that you signed up the account with to your boss or any other income opportunities that you have. I've successfully cashed out from SponsoredTweets tweeting only the things I like so it's really possible people!
Linking your Paypal with EON card or BDO Debit Card
Now that you have a Paypal account, how would you withdraw your earnings? For Filipinos, there are two possible ways for you to do this--EON by Union Bank or your regular ATM, Debit Card or Credit Card with BDO. To link your your cards, you need to click on the link which says, "Get Verified" once you signed in to your paypal account. You have the options to get verified through Visa or Mastercard credit cards or through your debit card from either BDO or Unionbank.
1. Unionbank. Open an EON card account to the nearest Unionbank branch. Just like any other account requirements, you will need the following or not limited to:
a. 2 pcs 1x1 or 2x2 latest ID pictures
b. 2 valid ID's (which includes but not limited to)
TIN, SSS, passport, PRC license or documents with your signature like your GSIS, NBI clearance, School ID, Senior Citizen, Postal ID)
You will then fill up an application form for EON card usually in the new accounts section. Depending on the branch, you will have to wait for a couple of weeks before the card is released and that's when you'll be required to pay the card fee of P350.00
How to link your Union EON Card with Paypal account?
2. Sign in to your Paypal account and go to the "Get Verified" link. You will then be prompted to enter your credit card number. For credit cards, you need to have at least one transaction so you can get the confirmation code aside from your 16 digits credit card number. The same thing with your EON card. Before linking, you need to have on transaction or deposit at least Php 100.00 in your EON card account. In order to get the extended four-digit code, call your local Unionbank representative as they have the record of all your transactions.
Similar process is done when you're doing to link it with your Banco de Or ATM or debit card. You will be prompted to enter your card number and so forth.
Once you link your card with your Paypal account and get verified, Paypal will deduct $1.98 from your account balance for verification purposes which the will reimburse to your account balance once it's verified. That's it, once you link your debit or credit cards with your Paypal account, you can now withdraw from your local bank. The money is automatically converted to your local currency. Usually a $5.00 is deducted for Php 6,999.00.
If you'd like to withdraw the amount with no charge, you can choose the option of withdrawing it your local bank account. You will need to provide them with your account number and Bank code, which is provided below.
Official List of PayPal Philippines Bank Codes
| Bank Name | Bank Code |
|---|---|
| ALLIED BANKING CORP | 010320013 |
| AUSTRALIA NEW ZEALAND | 010700015 |
| ASIA UNITED BANK | 011020011 |
| BANGKO SENTRAL NG PILIPINAS | 010030015 |
| BANGKOK BANK | 010670019 |
| BANK OF AMERICA | 010120019 |
| BANK OF CHINA | 011140014 |
| BANK OF TOKYO | 010460012 |
| BANCO DE ORO (& EQUITABLE PCI BANK) | 010530667 |
| BANK OF COMMERCE | 010440016 |
| BANK OF THE PHIL ISLANDS (BPI) | 010040018 |
| CHINA BANKING CORP | 010100013 |
| CHINA TRUST COMML BANK | 010690015 |
| CITIBANK N.A. | 010070017 |
| DEVT BANK OF THE PHILS (DBP) | 010590018 |
| DEUTSCHE BANK | 010650013 |
| EAST WEST BANK | 010620014 |
| EXPORT & INDUSTRY BANK | 010860010 |
| FUJI BANK | 010640010 |
| HONGKONG AND SHANGHAI BANK (HSBC) | 010060014 |
| INTL COMML BANK OF CHINA | 010560019 |
| INTL EXCHANGE BANK | 010680012 |
| JP MORGAN CHASE BANK | 010720011 |
| KOREA EXCHANGE BANK | 010710018 |
| INTL NEDERLAND BANK | 010660016 |
| LANDBANK OF THE PHILS | 010350025 |
| MAYBANK OF THE PHILS | 010220016 |
| METROPOLITAN BANK & TRUST CO | 010269996 |
| PHIL BANK OF COMMUNICATION | 010110016 |
| PHIL TRUST COMPANY | 010090039 |
| PHIL NATIONAL BANK (PNB) | 010080010 |
| PRUDENTIAL BANK | 010150018 |
| PHIL VETERANS BANK | 010330016 |
| RIZAL COMML BANKING CORP (RCBC) | 010280014 |
| SECURITY BANK & TRUST CO | 010140015 |
| STANDARD CHARTERED BANK | 010050011 |
| UNITED COCONUT PLANTERS BANK | 010299995 |
| UNION BANK OF THE PHILS (UBP) | 010419995 |
| UNITED OVERSEAS BANK | 010270189 |