Paypal Philippines

According to their website:

PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information.

PayPal has quickly become a global leader in online payment solutions with more than 153 million accounts worldwide. Available in 190 markets and 18 currencies around the world, PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages.

PayPal has received more than 20 awards for excellence from the internet industry and the business community -most recently the 2006 Webby Award for Best Financial Services Site and the 2006 Webby People's Voice Award for Best Financial Services Site.

Located in San Jose, California, PayPal was founded in 1998 and was acquired by eBay in 2002

Signing up for Paypal is very easy. You just have to go to their website following this link:

Paypal Signup

Just fill up the form and you will get your own account.

If you prefer to be guided step by step, there are written guides that can help you out. Here are some guides:

Create Paypal Account Guide
How To Make A Paypal Account

There are people who work at home in the Philippines. Such as freelance writers, webmasters and different kinds of people that base their business online. And most of them prefer to get paid via Paypal.

Paypal allows you to receive money instantly without the delay of clearing checks. But there are drawbacks though, Paypal will charge you fees depending on how much money you're going to receive. This is a good thing and a bad thing of course, and the larger the money you have, you might just want to put it in cheque rather than paypal or Paypal will get so many fees from you.

Other than that, if you're not getting at least 5k in 1 payment, you might want to get Paypal to handle your money.

Many people in the Philippines have relatives or family members working outside the country. In fact, most of the population in the Philippines are either working outside the country or wants to work outside the Philippines. Because of this, many people wants to send money to their loved ones back in the Philippines.

There are many companies that can handle such remittance like western union. But the fact of the matter is, it is a hassle to claim your money through western union. I know, because I experienced it. And they have huge fees for both the sender and the receiver. Talk about double profit.

The benefits of using Paypal for people living outside and in the Philippines is that, you can send money online. Without the hassle of going to an office and taking your money there. Paypal will withdraw money from the sender's bank or credit card and will then send the money to the receiver on any part of the world. Of course, there are fees in receiving. But we will tell you a little secret on how to save on the fees in just a minute.

Just remember that, you can send and receive money anywhere in the world, online and your money will be deposited to your Paypal account or any bank in the Philippines.

There is one way I know how to lessen or completely remove fees when you send or receive money with Paypal. This only works if the person sending the money know about this. If you are on the receiving end, you might want to explain it to him/her before sending the money, so you both won't get charged with fees.

First Step:
The sender must click on "Send Money" on his paypal dashboard. Once he is on the page where he will input the email address of the receiver, he must choose the tab that says "Personal" and choose "Personally Owned". Check that and click continue.

Second Step:
On the second page, where you will confirm the transaction. Just click continue to send the money.

And that's it. You will notice that Paypal won't charge both of you for fees.