I just got an email from paypal announcing a new feature which most of us would really be happy about. Now we can withdraw paypal funds directly to your Philippine Bank Account.
Previously, we can only withdraw to a credit/debit card but now, directly to your savings/current account.
There is no fees when withdrawing funds greater than PHP7,000.00 Anything less than that, there’s a PHP50 charge. Not bad if you ask me. PHP50 is still cheaper than remittance fees.
Here’s a rundown of the procedure and here’s a list of the 9digit bank codes you will need when you register.
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[...] wrote before that Paypal has already a facility to withdraw funds to a local bank account.  I used to withdraw funds to my HSBC credit card account as I usually use my credit card on [...]