Paypal Offers New Bank Withdrawal Features in the Philippines

Posted on January 29, 2008, under Tech Tips, Technology News

pp-logoa.gifI recently had a problem with my Paypal Withdrawal to my Unionbank EON Visa Account. It is taking more than 5 days already and the status is still Pending, not the usual time I wait from my previous withdrawal transactions. I already emailed customer support and let them address this issue but for 3 days now, no one answered my 4 queries.

Earlier today, I received an email from Paypal announcing their new offer of letting their Philippine customers withdraw banks directly to their bank account, not just for Unionbank EON Visa alone. Just the last quarter of 2007, they offered funds withdrawal only to Unionbank EON Visa account holders. And I had a smooth transactions with it, not until recently which I do not know what exactly is happening.

paypal-withdraw.jpg

Reading some blogs, I stumbled Mike Abundo’s entry about this new service Paypal is offering to their Philippine customers. He says about a problem encountered with Unionbank customer service, of not giving their bank SWIFT codes… again, if you wish to opt to withdraw funds to your local bank account with Paypal, you can see the lists of Philippine Banks SWIFT codes here.

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31 Responses to “Paypal Offers New Bank Withdrawal Features in the Philippines”

  1. Marco says:

    Hi.

    I too have pending Paypal withdrawals made on January 24th which upto now is still on Pending. And also, no email replies. If you have a business and if cashflow is important to you, you can get cripped by this paypal pending withdrawals.

  2. Jerome Locson says:

    Yes. It is really annoying now and gets into my nerves. Just when I really need the funds for bill payments then they screw up…

  3. Louis says:

    You’re not the only one, I am too. I think it is just a way to keep onto the money longer. I was going to call them if it wasn’t resolved in another day or so.

  4. Jerome Locson says:

    I had the withdrawal last January 24 and still on pending until now…

  5. Marco says:

    My withdrawal was also on January 24th. Do you think that some glitch happened on that day? It usually takes a maximumm of 2 days for the “pending” to become “completed” but it has been more than 5 days already and the status is still “pending” and of course, the money is not in our accounts!

    Wow, this does not look good for Paypal. I am sure that there are many many others that have the same problem too.

  6. Jerome Locson says:

    Exactly, seems 24th was the day. They should contact all of us now and clear things up. I am really upset now about this. My bills are due tomorrow and I need the funds already.

    Have you tried calling? I called last night and I was answered by an automatic operator, no resolution with phone calls and emails.

  7. Marco says:

    I know what you mean. I too am desperate for cash since the money inside paypal which is pending is used for my small business. Now my business cannot run because of this pending withdrawal.

    I am going to call up Paypal but of course this will add additional long-distance charges.

    This is simply not good.

  8. Jerome Locson says:

    Exactly. Its no good at all. I called and I was charged Php 200, having an automated voice support to assists me but no resolution. :(

  9. Jerome Locson says:

    That’s a helpful link Marco but they should address the problem properly with their customers. After a week of no communication or just notification, this is not tolerable anyhow.

  10. Jerome Locson says:

    HI Marco, any luck yet with your Paypal? Mine, still pending… :( (

  11. Louis says:

    It’s cheaper to download Skype, load $10 onto the account from your paypal account then call them up. Like 3 cents a minute to call paypal.

    Mine was made on the 27th and is still pending.

  12. Marco says:

    No luck yet. Still pending. It could take months for us to get our money. I’ve been reading bad things about Paypal. They take people’s money and hostage this to earn interest. Imagine if they do this to thousands of people?

    No replies to emails. They have the worst customer service ever! They will reply after 2 weeks to 1 month. They don’t care if we get our money or not as long as it is with them.

    Very disappointing that we Filipinos were excited about Paypal to uplift our business but the fact is, Paypal is bad for business. I prefer using Xoom.com really!
    http://forums.ebay.ph/thread.jspa?threadID=600001259&tstart=0&mod=1201935850629

  13. Deane says:

    I too got some problems with my EOn credit card withdrawal until now the status was also still pending and I have done my withdrawal on the 28th of January . I wonder if there is some problems with VISA or they are holding massive withdrawal at the moment because of what is going on with US economy?. It might be the reason of sudden problems or perhaps because of there introduction of newer features as well causes this problems.

  14. Marco says:

    Has anyone tried to contact Paypal?

    They are not replying at all!

  15. Jerome Locson says:

    Hi Marco, I did not receive any reply from them as of now yet. And status still Pending.
    I read some comments at PMT, I am closely monitoring all comments. Please check it here:

    http://www.pinoymoneytalk.com/forum/index.php?topic=10785.0

  16. lady says:

    hi guys. i am experiencing the same problem. I also withdrew funds last January 24, 2008. I feel a little bit relieved knowing it’s happening to many people not only to me but when will paypal fix this problem. I don’t want to withdraw my funds now not until the other withdrawal is completed. But it’s been over a week and its pretty annoying. I need the money badly. Check out my post about my withdrawal.
    http://spaceofinfluence.blogspot.com/2008/02/paypal-not-processing-my-withdrawal.html

  17. [...] received many inputs and comments about my last post about Paypal Pending Withdrawal. For my withdrawal, I made the transaction last January 24, 2008 and still pending up to this [...]

  18. I have tried adding another new account from equitable. It took 1 day for the status to change from Pending to Completed. Now, I’m waiting for 5 days if the money will go to my bank account.

    I have a paypal transfer in January 24 and 31st to my EON card. LIke everybody else, the status is pending until now.

    Bye the way, I did the transfer to my Equitable Card on the 31st also. I’m suspecting this is a problem with EON and Paypal ONLY.

  19. danny says:

    yes, withdrawing to bank account is no problem, I recevied mine in 4 days, but I still have not got my withdrawal to EON.

  20. Jerome Locson says:

    Hi Guys. Just got my withdrawal in “Completed” status.. check my post.

    http://www.jeromelocson.com/update-paypal-pending-withdrawal-issue-now-in-completed-status/

  21. Archi says:

    Thanks for information. Friend advice to read you. It’s very interesting. Subscribed on RSS! Want to visit your site again!

  22. proslaviy says:

    Hi, how I can send PM?

  23. chelle says:

    hi, im having problems with withdrawing money from Paypal to my Unionbank EON card account. I withdrew money to my EON card last September 10 and September 18 respectively and my PayPal Account Withdrawal Status is already “COmpleted”. I expected that in a matter of 5 days all things will be cleared and the money will have to be in my EON account. Today is September 27, 2008 but still I am not seeing any trace of my hard-earned money. may nakaexperience na ba nito??

  24. Jerome Locson says:

    Hi Chelle,

    May experience ako dati pero “Pending” status.. natagalan lng ng verification process.. Pero once completed ang status, I only waited for 2-3 days at deposited na sa account ko. Please double check your bank account # you provided sa Paypal where you sent your withdrawal.

  25. william says:

    Hi chelle, hindi ka nagiisa, nagwithdraw din ako sa paypal last Sept. 10,2008 until now wala parin sa aking account pero completed na yung status. kainis nga eh. 1 month na sa oct 10, di pa rin nagrereflect sa account ko. di ko sure kung Unionbank o Paypal ang may problem.

  26. Jerome Locson says:

    hi William,

    Sorry to hear that you’re having same problem with Chelle. Na-experience ko na rin yan dati… sa Paypal ang problem. nagkaroon daw ng system update tapos di nasama sa processing. But I got my money after a month, and hoping that you cna have yours as well. Soon.

  27. Mylane says:

    Same problem here, I transferred/withdraw my money from paypal to eon cyberaccount Sept 15, until now inde pa rin nagrereflect sa acccount ko. Sabi ng unionbank, meron daw problem ang paypal system in between sept 11 – Sept 15. Hanggang ngaun wala pa rin ang pera ko…nakakainis. Tumawag ako sa paypal, wala daw silang matandaan nagkaproblem ang system nila….wala pa rin ang pera ko! Malalaki laki rin un…$300 plus din un…kinakabahan na ko…

  28. Wilmer says:

    pero pla tau mylane ako rin nagwithdraw nung september 15 hangang ngaun ala parin T-T i been emailing paypal about this matter but they always said to w8 for 5days den another 5days den another 5 days again hayzzzzzz nkaka disapoint na talaga…

  29. Mylane says:

    wilmer, kakacheck ko lang ng unionbank account ko, dumating na ung pera ko from paypal to unionbank…lagpas isang buwan din ang hinintay ko….grabeh! inde na ko gagamit ng paypal…..nag iisip nga ako kung ano gagamitin ko ngaun sa business ko….any suggestion guys?

  30. elaine says:

    I encountered the same problem. I requested for transfer Sept 11. It was completed on the same date but I got my money more than a month after that. Grabe, akala ko nga di ko na marereceive yun. :(