I was able to successfully withdraw funds to my HSBC credit card. If you haven’t applied for the Paypal Expanded Use, you can still withdraw but there is a limit to both sending and receiving.
I tried using my HSBC Visa Card and enrolled it for the Paypal Expanded Use last Oct 6. I tried doing a widthrawal from Paypal to Visa just to see if it will work without the Paypal Expanded Use code yet.
The nice thing about using HSBC is you can check for your Paypal expanded use code online via Internet Banking. No need to call some customer service representative who is not yet familiar with Paypal and the Expanded Use Number.
Here’s a screen shot of my account with the paypal transactions.
I tried withdrawing USD50. There was a USD5.00 charge per withdrawal. What was credited to my Visa Card is PHP1,9665.15 only. So the exchange rate used by HSBC was PHP43.69 : USD1.00 Still quite low if you ask me but hey, I got my money from paypal and that’s what matters.
The credit card company will treat this as a payment to your credit card. If you don’t have a balance on your credit card, then you will have an overpayment. If you really wanted to withdraw your money, you need to do a Cash Advance.
Using debit card I think is better since the funds goes to your bank account that is linked to your debit card. No need to do cash advance. Just go to your ATM and withdraw.
Today, I tried keying in my expanded use number and it works fine. At last, I can transfer larger amounts to my local paypal account.
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19 Responses to 'How to Withdraw PAYPAL funds to HSBC'
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It would be treated as advance payment? nyee! Hindi rin maganda Union bank EON card na nga lng! hehe
That is what we called Credit CArd Bussiness.. He he he.. But It think if you are heavy user of Credit card it will be an advantage to you.. Avoiding penalties..
Mas ok kung debit card para pwede mo ma withdraw. Although pwede din naman i cash advance kung nasa credit card. May 3% nga lang na fee but I guess for some, it is better than paying the remittance fees from Western Union, Xoom..etc.
Some debit cards din may limit on the amount it can hold so kailangan i consider din yun.
EON is probably the best so far sa mga nababasa ko.
For me, as a heavy user of credit card since I charge everything from gasoline, groceries, and utility bills, pwede na direcho sa card.
Although I might get EON din someday if I need my paypal funds withdrawed to cash.
[…] How to Withdraw PAYPAL funds to HSBC […]
[…] How to Withdraw PAYPAL funds to HSBC […]
[…] How to Withdraw PAYPAL funds to HSBC […]
[…] How to Withdraw PAYPAL funds to HSBC […]
That’s great news! But there’s a charge pala na USD5.00
Hmmmmmmmmm…..
[…] http://noelbautista.com/blog/how-to-withdraw-paypal-funds-to-hsbc/ Originally written in Entreplink or Philippine Entrepreneurs yahoo group October 15, 2007 | Filed Under Deals […]
Hey, thanks for sharing your experience. I’m contemplating on getting the EON card, but at least I have an alternative in case I can’t/don’t have the time to go out and have it done.
[…] http://noelbautista.com/blog/how-to-withdraw-paypal-funds-to-hsbc/ Originally written in Entreplink or Philippine Entrepreneurs yahoo group October 16, 2007 | Filed Under Deals […]
[…] Harvey Losin wrote: > > eon annual fee is P350 then meron ka free 3 withdrawals every month. > after that, P10 na per withdrawal. > > abby@alfox.net <mailto:abby%40alfox.net> wrote: nice, at least > pambayad na lang ng credit card > > ang eon may annual fee, at may withdrawal charges. > > Quoting Noel Bautista <noelbautista@gmail.com > <mailto:noelbautista%40gmail.com>>: > > > I have tried withdrawing funds to my HSBC Visa Card. It worked!!! > > > > Check out my blog post about it > > > > http://noelbautista.com/blog/how-to-withdraw-paypal-funds-to-hsbc/ > <http://noelbautista.com/blog/how-to-withdraw-paypal-funds-to-hsbc/> > > > > > > > Originally written in Entreplink or Philippine Entrepreneurs yahoo group October 18, 2007 | Filed Under Deals […]
I used by EPCI Amex card; but, I haven’t register yet in the Expanded Use program.
Hi, I’m interested in home-based online english teaching. how do I collect payment? please help me start this new career. I’m a mother so I need to stay home most of the time. home based teaching is ideal for me. thank you.
@cha
try opening up a paypal account.
Could I use the Metrobank Visa Card under the name of my wife to withdraw from my Paypal Account? My Amex can’t be used in the withdrawal.
hi, may paypal account ako kaso hindi pa verify balak ko mag open sa union bank ng eon card kaso nag email ako sa kanila bumalik yung email ko failure to send daw ano ba magandang gamitin sa paypal para ma withdraw ko yung pera ko nandun balak ko atm visa ng eon ilang days para matanggap ko yung pera sa atm ko kung sakali thanks:-)
Uy this information was quite useful. Salamat ha!
Noel, kapag sa Eon card napunta yung pera, wala bang service charge rin?
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