Migs twittered that Filipinos can now receive payments through Paypal. That led me to this blog post on PinoyMoneyTalk. Indeed, after checking it out myself, it’s now possible!
Talk about killing two birds with one stone. Yesterday, Google allowed Filipino Adsense publishers to receive their earnings with Western Union Quick Cash. It was greeted with cheers and a few faint jeers. But overall, these developments prove that Filipinos are now a major force to be reckoned with, at least online. With Paypal enabled, there’s a ton of opportunities for Pinoys to do business online. Before, the best option around was Xoom, but its exorbitant fees are a major turnoff. Furthermore, Yehey’s Kaban or YES Payments just aren’t feasible for small sellers. How will our local merchant service providers (and Xoom) hold up against Paypal?
To sign up for an account, you’ll need a major credit card (Mastercard or Visa) and it may take a few weeks before you can begin to send money.
Visit Paypal
I’m glad I found your website. We’re planning to retire hopefully soon (a bit early) which forces me to check out my blogging option. My husband’s http://www.xzyllardrums.com was started 2 years ago and we did not really have the time to focus on monitizing it, a term I only came across in Kirsty’s blogsite (linked from my blog) where she candidly discusses her earnings. Her site was my first learning experience on blogging, and beyond — getting to be my favorite one. Thanks for discussing Paypal in the Philippines. Informative site too.