Saturday, August 26, 2017

How to Withdraw Your PayPal Money to a GCash Mastercard Within Minutes!


I have been using PayPal for nine years and I have experienced withdrawing my funds through transferring it to bank accounts. I usually get/receive my funds into my card two to three days after requesting for transfer. Most of banks would charge 150 pesos until I discovered Eon Union bank which does not have a fee for PayPal to Eon transaction, just a yearly fee of 350 pesos and the card should be renewed every 5 years.
When I attended the PayPal Freelancer Community Summit Held at Manila Peninsula Hotel yesterday, I was glad to hear that GCash collaborated with PayPal for easier and faster transactions with zero fee. That was really a good news for PayPal Filipino users especially for freelancers who receive their regular payments in PayPal.

Advantages of Using GCash for PayPal Payouts
  • No need to apply for a bank account that requires various requirements.
  • Receive funds into your GCash mastercard within minutes.
  • Be able to withdraw on various ATM's in the Philippines.
  • No maintaining balance and no annual fees. But take note of their dormancy card policy in which there will be a charge of 50 pesos per month after the card was considered dormant, which is 6 months of no use/transaction.
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How to Get a GCash Mastercard
  • Go to a Globe center or booth and fill up a form just like in the photo below.

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  • Present a one valid ID and pay 150 pesos for the mastercard and if you prefer mastercard with beep or with your name printed on the card, it will be 210 pesos.
  • You should be applying personally cause a Globe representative will take a photo of you for their documentation/validation process.
How to Link Your Matercard to GCash
  • Register to GCash by texting REG space desired 4-digit PIN/mother's maiden name (middle name)/first name/last name/complete address
  • Link your card by dialing *143# then choose GCash, choose activate GCash card, then enter your 4-digit PIN and card details.
    (Very important to remember your PIN for transactions, in case you forgot it, you can call 2882with your globe sim for free.)
NOTE: You can simply ask the globe representative/customer service to help you link it to GCash and activate your card. :D

How to Transfer Funds from PayPal to GCash
  • Download the GCash application through Google Play or Apple Store.
  • Register and verify your Gcash account. (Log in to the GCash app using your Globe phone number and PIN for password.)
  • Link your PayPal Account: Go to your My Account then select PayPal and follow the instruction prompted.
  • Select cash-in then Select PayPal to GCash.
How to Make Sure That You Successfully Linked Your PayPal to your Gcash
  • Log in to your PayPal account and click on the gear icon.
  • Select Payments and then Manage Pre-Approved Payments
  • Select Pre-Approved Payment Plans. You should see G_XCHANGE,INC which means you successfully linked your PayPal to your GCash account. :D
You can withdraw your funds from any Cirrus powered ATM. You can also use it to pay bills, purchases and shop online. You can also use it to buy Globe and TM load with 4 percent rebate.

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