Paypal is now a legitimate, “round trip”, 100% ecommerce provider in the Philippines. Over the weekend, I learned that this US based e-commerce company has started allowing bank transfers to the Philippines. Previously, Paypal only allows transfers to debit cards. Pinoy e-commerce companies wished that they can directly transfer to their bank accounts, therefore allowing unlimited withdrawal to their Paypal accounts.
A few details:
* 5 to 7 days transfer to your Ph bank
* Free for transactions over P7000
* for transactions below P7000, a fee of P50 will be charged
Hooray for Philippine e-commerce! World, here we come!