Succesful Paypal to Unionbank EON Withdrawal
Wednesday, November 28th, 2007 | Net Moolah
The activation of Paypal in the Philippines was quite a big thing. It opened-up exciting opportunities to Filipino Web Publishers.
I immediately converted several affiliate and publisher accounts to receive payments via paypal upon activation of my Union EON Debit card on Paypal’s Expanded use program (EXPUSE). This month I received payments from Adengage, Etology and CpxInteractive without hassle! Unlike before that I have to wait for a month for the checks to arrive, sometimes they got lost in the mail and actually encashed by scums.
I was very eager to try and withdraw some money from my account and get my hands on those bucks that I earned, thus I withdraw an amount of $125 from the account less $5 transaction fee. It took about 5 banking days to get the funds credited to my Unionbank EON Debit account. The $120 converted to an amount of Php 5,085.32 so that translates to a forex rate of Php 42.375 per US dollar.
Lessons learned: It’s probably a good thing to leave some good amount your my paypal account for online purchases thus your money will not get “devalued” by currency conversions. It’s also wise if you keep an eye on Forex rates and plan your paypal withdrawals to avoid repeated $5 transaction fee.
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