Paypal for the Philippines

Posted by in Money & Investment | 4 comments


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J. Angelo Racoma entry on PayPal: One Great Way to Improve the Philippine Economy makes sense.

If only we had PayPal in the Philippines, then I think we would be able to open to the world better means to access to our pool of talent.

Having PayPal in the country would greatly benefit the following people:

  • Web developers,
  • Designers,
  • Photographers,
  • Writers,
  • Pro-bloggers,

    • and virtually anyone else who can render services remotely while corresponding via the Internet. Their correspondents can pay simply by clicking a few buttons, and that’s it.

    This would be a great opportunity for both sides, as it will open up access to the supply of good talent, and as well as open up access to those who are on the demand-side.

    Some possible reasons that Paypal won’t deal with us are the following :

    1. With regards to anti-Money Laundering, the Philippines is still in the list of non-cooperative countries.
    2. Security issues in our banking system.
    3. Banks asking for a big share in Paypal transactions.

    Having an online business for global markets require a payment gateway. Paypal is known to have the lowest sales transaction but it’s not available in the Philippines. I can’t even get hold of a credit card merchant account in the Philippines’ financial institutions what with the exhorbitant rates and restrictions required. I availed 2checkout.com to resell my services . One can be a vendor with a $49 signup fee.

    Technically, one can get a Paypal account if you have an accomodating relative in a paypal enabled country like the USA to do the paypal transactions for you. The problem is Paypal recognizes the Philippine IP address if you intend to login their Paypal website. This is not a long term soluution to having a paypal account.

    What we can do is :

    lobby for inclusion as a PayPal enabled country with our senators, congressmen or politicians.

    Support Paypal for the Philippines

    Read other related blogs on the Paypal inclusion of the Philippines


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    • Emily

      Paypal is so convenient. I wonder who can be of influence to our lawmakers

    • http://aboutmyrecovery.com Noemi

      Emily: Am not too sure who to approach. I don’t know much about the banking laws in our country

    • Pingback: PayPal: One Great Way to Improve the Philippine Economy » The J Spot

    • Allan

      I think PAYPAL is still far from reality, since there are issues needs to resolved first, such as ; banking system and possible fraud. But luckily, there are companies or individuals here in the Philippines that accept paypal payment sending using their own PAYPAL account. I used to buy some stuff at ebay.com, when my seller is not accepting other mode payment aside from paypal, I go to myusmailbox.com, they have this kind of service. These are the numbers to call Tel. Nos. 893-6695, 893-6655 or 893-6688 You may reach them also at Mobile No. 0917-893-6695

    • http://internetmoneyblog.com Matt Ng

      Hi,

      I’m the author of a step by step guide “How to Withdraw Money From PayPal in Malaysia” and “How to Open a US Bank Account in Malaysia”

      We in Malaysia faces the same problem as you, hence this FREE ebook was born. I wrote it to help others as others have helped me. This is my way of saying thanks to my supporters/subscribers.

      All you need to do is to just follow the instructions on my ebook and make some slight changes to suit you. If you have any questions, please ask by commentng on my page.

      http://internetmoneyblog.com/index.php/how-to-withdraw-money-from-paypal-in-malaysia/

      Good Luck and to your success

      Matt Ng
      Internet Marketer

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