Jan 28th 08
Posted by Arnold in All in a days work
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!
Dec 14th 07
Posted by Arnold in Webby
eBay Philippines is serious about growing their operations locally. They have recently relaunched with a design facelift — even got actress/singer Jolina Magdangal as one of their front pages’ model. And, with the complete process offering of Paypal, the sister company, to local users, it has become even more interesting and exciting. Yesterday’s mass email from Paypal said:
Express Checkout – Up to 40%* increase in conversion rate on your site. Integrate Express Checkout on your site and increase your conversion rate up to 40%. It helps your buyers save time and pay fast using information they already have securely stored with PayPal.
We now have the missing link for active trading, an online payment processing system. I wonder how local auction sites will take eBay’s aggressive plans.
Nov 6th 07
Posted by Arnold in All in a days work
I did a Paypal transaction a couple of weeks ago before the long Halloween break. Last week, I received it through Unionbank EON after 5 days. So, there you go — IT DOES WORK!
Now that it’s been tested well and good, what’s next? Think of the many possibilities that a Pinoy entrepreneur can maximize this service.
- You can start bidding and selling (thus earning) at popular local auction sites, especially with the entry of Ebay.ph months ago.
- Some small businesses that were declined of their application by merchant account providers such as Yes Payments for having expected low volume transactions can start selling stuff online without monthly payments.
- Freelancers (web designers, web programmers, copy writers, etc.) can have the flexibility and the popularity of Paypal on their side. It’ll be easier to collect for their services.
- I have not looked at this yet if its available on local Paypal service, but if it is, non-profit organizations can now accept donations online through Paypal.
Any other use of Paypal that you can think of — specifically catering to a Pinoy’s way of business living?
Oct 25th 07
Posted by Arnold in Techie
As I mentioned before, I see a great potential that Paypal is bringing in as far as Philippine ecommerce is concerned.
I’m kind of documenting the success (or failure) of Paypal here in the Philippines. And I’m taking the risk — I’m trying it myself without precedents. Yesterday, I received my first transaction from a client abroad. Then I transfered the amount to my Unionbank EON account. Paypal notes that this transaction will be completed in 5 to 7 days. I’m going to wait and report here.
Anyone who has done this ahead of me? How did it go?
Oct 13th 07
Posted by Arnold in Blogs, etc.
* Grace Place starts a new passionate series called “Prayer Can Change Your Life“.
* Steve Murrell shares a great analogy on how understanding your sinfulness affects the way you respond to God’s grace.
* I thought we should put Jesus first in our lives? Steven Furtick says, no. We should put Jesus on the center of our life instead.
* Perry Noble’s New Spring Church launched a new website called ParentsAreClueless.com to coincide with their new series on parenting. If you are a parent, you’ll agree with me that we are clueless most of the times, don’t we?
* I’ve started a Pinoy Paypal users group. If you are a Paypal user or plan to use it in the future, join us as we try to shoot down possible problems that we can encounter.
