If you’re planning to be an online worker or an online shopper, you need to get a PayPal account. You can easily make secure transactions online if you use PayPal.
Unlike revealing your debit/credit card number to the online stores when you buy items, using PayPal, you only need to enter the email address and password. You can also receive money using PayPal, this is very convenient, especially for online workers because most online employers prefer to use PayPal to pay their employees.
Withdrawing PayPal funds in the Philippines is a straightforward process, thanks to multiple options for transferring your money. Here’s a step-by-step guide to help you withdraw funds from your PayPal account in the Philippines.
Step 1: Link a Bank Account or Debit Card to PayPal
Before you can withdraw funds, you need to link a bank account or a Visa/Mastercard debit card to your PayPal account. Here’s how:
Log in to Your PayPal Account: Go to the PayPal website and log in with your username and password.
Add Card or Bank: At the home page click the Add Card or Bank icon at the right part of the screen just below the send and request button.
Link a New Bank or Card:
For a Bank Account: Under “Money, banks, and cards,” click Link a bank account. Enter your bank details (You need to Enter Bank Name, Bank Code and Bank Account Number).
For a Credit Card: Click Link a credit card instead. Provide your credit card details, including the card number, expiration date, and CVV code.
Note: Make sure the name on your PayPal account matches the name on your bank account or card to avoid any issues during the transfer.
Confirm and Save: Once you’ve entered your details, confirm the information and save.
Step 2: Choose Your Withdrawal Method
There are three main ways to withdraw PayPal funds in the Philippines:
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