Resurgence 2.0 » paypal

Paypal bank transfers to the Philippines — finally!

Arnold — Mon, 28 Jan 2008 09:27:07 +0000

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!

eBay Philippines and Paypal

Arnold — Fri, 14 Dec 2007 00:02:50 +0000

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.

Paypal update: it worked!

Arnold — Tue, 06 Nov 2007 01:05:47 +0000

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?

My first Paypal transaction

Arnold — Thu, 25 Oct 2007 04:58:23 +0000

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?

Week round-up

Arnold — Sat, 13 Oct 2007 06:06:05 +0000

* 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.

Paypal in the Philippines

Arnold — Fri, 12 Oct 2007 01:27:41 +0000

Now that Paypal has finally opened it’s doors to the Filipino — oh well, partially, it is — by allowing us to receive payments, I can see great potentials. Entrepreneur can finally accept payments from international users who prefer Paypal (I noticed this — most of them always ask me, “Do you have Paypal?” whenever we talk about methods of payments). Locally, this can also be maximized. We’re thinking of integrating this payment method to local hosting payments.

But since this is *sooo* new, I see challenges. I wanted to implement Paypal to one of our e-commerce sites, but I have apprehensions. I know, most of you who, Filipino technopreneurs and exporters who see this potential has apprehensions too.

That’s why I started a discussion group — PH-Paypal — where we can discuss, suggest ways to implement, promote ideas, shoot down potential problems and just talk about anything regarding our use of Paypal here in the Philippines. Please join us.

Send email to ph-paypal-subscribe@yahoogroups.com to subscribe.