PayPal is a web-based system that securely and conveniently allows payments and money transfers online. Though it already became available in the Philippines 2-3 years ago, it is not yet widely used in the country. On my part, I signed up for PayPal because the fees are lesser whenever I transfer funds from my online job. Also, Paul has been bugging me to get one because he needs to have a PayPal account whenever he does his online shopping. For the longest time, I have been putting this off because reading from various sources online, the process seems to be a bit more complicated. I finally had the time to set up an account last month and guess what? It is not that difficult at all!
This entry is for my friends who wish to have their own PayPal account and would want to have a step-by-step guide on how to do it. I hope this helps.
1. Signup for an account at PayPal. For the account type option, choose Personal PayPal unless you'll use this account for buying and selling online (Premiere PayPal) or you are enrolling a company/group name (PayPal Business). Whatever option you may choose, this can be upgraded anyway.
2. Enroll a card to be linked to your PayPal. Here in the Philippines, the only choice is Unionbank's EON card. Your PayPal will be NOT be verified unless there's a card linked to it. Just fill up all the necessary requirements on PayPal and leave your account unverified until you can secure an EON card.
3. Get an EON card. You may open from any Unionbank branches or apply online (which they say will take two weeks). Personally, I think it's much faster to just go to the bank and apply for one. In my case, I went to Unionbank on a Friday. The bank teller advised that I should be able to get my card after 5 banking days but luckily, Wednesday the following week or 3 banking days after, my card was already available for pick up.
Upon claiming my card, I paid P350 for the annual fee and deposited P150 to cover the $1.95 PayPal Expanded Use (EXPUSE) fee. This EXPUSE fee will be refunded back later on.
Wait about 24 hours to get the card activated.
3. Enroll in Unionbank's EON Cyber Account banking facility once your card is activated. Your cyber account will be activated within 48 hours after your enrollment.
4. If your cyber account is already activated, log in to PayPal and link/add your bank account. After filling out your card details, PayPal will require an EXPUSE number in order to proceed.
5. Login to your Unionbank Cyber Account and view your transaction history. It should reflect the $1.95 EXPUSE fee which was debited to your account. In the transaction description, look for the 4-digit number which corresponds to the EXPUSE number required in PayPal.
6. Go back to PayPal and enter the EXPUSE number. Confirm your card and you're good to go. You now have a verified PayPal account!
It's pretty easy actually. The only "hassle" I can think of is going to Unionbank twice (opening an account and claiming the card) but everything else can be done online and by far went smoothly.
As for withdrawing funds using your EON card, choose Withdraw funds to your bank account because of the lesser cost. See below.
Just enter your account number found at the bottom of your name (front of the card). This is a common mistake among card holders because they often choose the Withdraw funds to your card option thinking this is the only way. I'm afraid not. I tried it myself and the bank account option works.
So there you have it. In less than two weeks, I was able to get my PayPal account verified. I hope yours too. If you have questions, just let me know and I'd be glad to help.
Have a good week ahead!





























