Withdraw Money from PayPal to Bank Account or Credit Card Philippines

PayPal is known for their secured online payment system he service they provide I almost free depends on your transaction. Blogger’s and Entrepreneur’s online used PayPal to send and receive money virtually without any bank account. Because of the popularity of their service they need to verify first your account if it is real or dummy for security purposes. Verifying PayPal Account is the hardest part “sometimes” but if you’re already done this step you can enjoy using PayPal without limitations. 

The only requirements for withdrawing your PayPal Funds is a verified PayPal account. So this Tutorial is only for those who has already a verified PayPal account. You can read my tutorial on how you can get an UnionBank EON Visa Debit Card and use that card to verify your PayPal Account easily! Without any hassle promise! 

Related Posts: How To Apply For UnionBank EON Visa Debit Card | How To Verify payPal Account using EON Card

In this tutorial, I will show the methods on how you can transfer your money from PayPal to your Credit Card or Bank Account. I already did this with my own PayPal account, and I already read many comments of those people that faced problem while withdrawing their earnings from PayPal. The only reason of their problem is not reading carefully the tutorials on the internet, they are so excited to get their money wtf! So please follow the steps below on withdrawing your balance funds to avoid any errors and mistakes, believe me, you will be frustrated for one year for a single mistake! 

Withdraw Funds To Your Bank Account

The first option is to withdraw you PayPal funds to Bank Account. This method will transfer the money from PayPal to your own Bank Account. Did you know that you can use your EON Card as your personal bank account? Yes, it is true your EON card has a separate deposit number that works as a bank deposit number that’s the advantages of using EON card. Don't worry if you don't have an EON card or UnionBank account you can use other Banks like BPI, BDO, HSBC, Metrobank and etc.

You need patience with this method because it takes 4-5 working days before the money arrived at your bank account. The advantage with this method is the fees because PayPal will charged you for only 50 PHP if you withdraw 6,999 below and free for 7,000 above. You can surely save your money with this option compare to withdraw to Credit Card option. Follow carefully the steps below on how to do it.

We need to Add first bank account to your PayPal Account
Step 1: Login to your PayPal Account and hover the PROFILE with your mouse and the drop down option will show, select the Add/Edit Bank Account

Step 2: Name on Account: Name of your bank account must match with your name in PayPal, don't worry about the middle you don't need to enter it. 

Bank Code: type the code of your bank you can search the code of your bank in google or at the website of your bank.

Step 3: In Account Number, enter carefully your account number please make sure that it is correct before you hit the CONTINUE button. Now if you're done please click CONTINUE.

Steps on How to Withdraw Money From PayPal to Bank Account

Step 1: Click on WITHDRAW and select the first option "Withdraw funds to your bank account"

Step 2: Now enter the amount that you want to withdraw and hit the CONTINUE button. Now you will see the summary of your withdraw now click the SUBMIT button to complete the process. Remember if you want to withdraw 2000 PHP you must enter 2050 in the Amount the 50 pesos is the withdrawal fee. There is no withdrawal fee for 7000 pesos above.

Withdraw Funds To Your Card

The second option on withdrawing your PayPal funds is via Credit Card, it’s very clear once you select this option the money will be sent to your credit card. If your account is verified using your own EON Card, you will receive the money for 24-74 hours. But this method has a disadvantage because PayPal will charge a fee that cost 250 PHP. In summary, withdraw to Credit Card is the fastest way to received your earnings but it cost a lot. I already explained to you the consequences, here’s the tutorial on how to do it.

Steps on How to Withdraw Money From PayPal to Card
Step 1: Again click on WITHDRAW and select the first option "Withdraw funds to your card"

Step 2: Again please enter the amount that you want to withdraw and hit the CONTINUE button. Now you will see the summary of your withdraw now click the SUBMIT button to complete the withdrawal process. Remember if you want to withdraw 5000 PHP you must enter 5250 in the Amount the 250 pesos is the withdrawal fee. There is always a 250 php fee if you withdraw it to Card even if it is 7000 PHP.

Final Words!

I hope that this article answered the questions in your mind. Can you please drop a comment below if this tutorial helps you to successfully withdraw your PayPal funds. If you’re one of those people that now facing the problem, you can share your problem in the comment area below and we will discuss it, promise! That’s all guys keep on visiting my blog for more updated and informative articles.