If you wanted to pursue and try your luck with a career online, this is the most important step: Make sure that you have a medium to withdraw your hard earned money!
When I was only starting out and got paid through blogging 2-3 years ago, I can’t have my Paypal account verified because I’ve no debit or credit card under my name and it’s frustrating. And me being the smart person that I am, I purchased something online and used my Paypal credits and talked to the owner that I am going to transfer all my money to her if she can transfer it to me via GCash. And that’s how I withdraw my money at Paypal! Ha ha ha I know right.
Past forward to today, I have a debit card and credit card and could verify an account, but still it look a lot of patience and waiting. If you are clueless and you wanted to verify your Paypal account and have no idea what to use, you are on the right blog!
- Know what card you wanted to use. I personally recommend the EASTWEST BASIC SAVINGS DEBIT CARD. Why? You only need Php 100 to open an account although you may want to deposit more than 100 if you’re using it for paypal just go to the nearest branch bring an ID, Proof of Billing and wait for 3 banking days to get your card! Other options: Unionbank EON Card, RCBC my Ewallet I don’t have both but you can always use whatever you prefer just as long as you can use the card with transactions online.
- Create a paypal account or link your debit card to your existing account
- Make sure that you enter the same billing address with the one you used enrolling the card.
- Enter the 4 digit code. I’ve read a lot of blogs online and they said that you have to email Eastwest so you could ask them for the code. Waiting time is about 24-48 hours for a response. My tip: CALL THEM. I called them with the numbers listed on the back of my card, asked to be transferred to the Debit Card. Once I talked to the Customer Service agent I just said that I need the Paypal Verification code, and after verifying my identity I got my 4 digit code. Waiting time: 10 minutes maximum
- Viola! You finally have a verified Paypal account. Upon being verified, you will notice that Php 100 is credited to your account, this is the amount Paypal debited to your account when you linked your card.
If you’re going to ask me: HOW TO WITHDRAW PAYPAL TO EASTWEST DEBIT CARD. I have no answer to that yet, I haven’t tried it out. I asked to the agent if it’s possible and she says that it is, waiting time is about 3-5 banking days.
UPDATE AS OF MARCH 18, 2015: You can withdraw your Paypal funds using your Eastwest Debit Card, after you’ve used it to link to your account for verification, process the withdrawal and select the option to withdraw with your debit/credit card. For 3 days, Paypal will hold your withdrawal and will be pending for processing. There will also be a fee of Php 250 per withdrawal or $5. I withdraw my funds on March 14, 2015 and 3 days later I received my funds. I checked by enrolling my Debit Card to the Net Access so I can check online.
UPDATE AS OF APRIL 10, 2015: Withdrawal fee of Php 250 or $5 only applies if you’re withdrawing an amount less than Php 7,000 pesos. If you’re processing a withdrawal of Php 7,000 and above, it will show on the transaction details that you’ll be debited that fee (Php 250 or $5) but when the fund enters your account you’ll be receiving the full amount you withdrawn. Also, if you’re continuously using this method to withdraw your funds, you don’t have to always wait for 3 days for Paypal/Eastwest to process your withdrawal. In my case after 1 month of withdrawing with my Eastwest bank debit card, withdrawal reflects on my account real time or immediately the minute that I process the withdrawal. I am checking through Net Access via East West Bank.
I will write more of this Freelance Guide so I could help out fellow freelancers who are just starting out with the business. I would love to hear your thoughts about this.
Lots of love,
Cherry
I am Cherry May 
“There will also be a fee of Php 250 per withdrawal or $5.”
Is this true? I read other blogs that Eastwest doesn’t charge fee if your withdrawing money from paypal to your Eastwest Basic Saving debit card. Only the Php 50 that Paypal charges when you withdraw below Php 7,000.
Will wait for your answer, thank you!
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Hi thanks for reaching out! Forgot to update but yes that is correct, when I process a withdrawal of Php 7,000 above, it will show on the transaction in Paypal that I will be debited a $5 amount (USD is my default currency, not sure if it will work the same for peso) but when the funds enter my account, it will be the full amount I withdrawn. That is only if you’re withdrawing an amount higher than Php 7,000. Hope that helps 🙂
Also, Php 50 is the charge if you’re withdrawing through your Passbook account, it’s Php 250 if through debit card. For withdrawal that is less than Php 7,000. Kaya if the fund is less than Php 7,000 I usually withdraw via my passbook account waiting time is longer lang but with lesser fee.
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Hi there! This article is really helpful. I was thinking if I confirmed my debit card today will the paypal verification code will be logged to my card statement at this exact day or time?
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Hello there, thank you and glad you find this helpful. I gave it at least 1 day before I called customer service and asked for the code.
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Good day and Hello!
Have you tried using it and linking it to Payoneer? If yes, how much you were charge for transferring the money?
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Hi Carina, I linked my Paypal Debit Card to Payoneer but I have not used Payoneer yet. I just find it inconvenient to wait for a couple of days before the transaction will reflect on my account. But from what I know and read, there’s no charge in withdrawing with Payoneer. Only when you receive funds. But, I am not really sure as I have not used it yet, sorry can’t be of much help.
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Hi.. I was charge 250php upon withdrawing the amount above 7,000php and does not show also 250php fee was not debited. Just wonder if anyone experience this? thanks…
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Hi Hana, where are you withdrawing your funds and what bank is your Paypal account linked to? I know some banks charge a fee (BDO and BPI) when they transfer but not Paypal so you really won’t see a fee. However, lately, I noticed that when I am withdrawing to my Visa Card (Eastwest Bank) Paypal will automatically charge me with a $5 fee. I can’t really tell if the amount credited to my account is the whole amount withdrawn because I am not familiar with the exchange rate used and it’s usually minimal difference that I do not notice. Sorry if I cannot be of much help, my default currency is USD.
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Hello!
I would just like to thank you a lot. I followed your advice and called EastWest’s Customer Service Hotline for the verification code. I was able to get the code that way instead of sending an e-mail or visiting the bank! In addition to that I don’t have to wait for more than a week. I was told by the Teller that since we are in the province, it might take more than a week to get the code from them. Now, I really don’t have to worry about it.
Thank you thank you very much!
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Hi Trisha, thank you so much! ❤️ I am glad that you found this blog helpful and I am so glad that you got your verification code without waiting for a week! Yay! I don’t actually know why others aren’t just calling Eastwest for the code, it is definitely easier and faster that way 👍🏻
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