Opening a Paypal Account Is Free and Easy
Paypal is an online payment system. It’s free for personal users and offered for a fee to businesses.
Three Kinds of Accounts
- Personal Account — for individuals who pay online
- Premier Account — for individuals who buy and sell online
- Business Account — for companies and organizations
Opening an account is free and easy.
Sending Money
Sending money through Paypal is free. You use your Mastercard, Visa and American Express cards or your US bank account.
Withdrawing Money
There is a fee of 50 pesos for withdrawing less than 7,000 pesos. If it’s 7,000 pesos or more, it’s free.
Your withdrawal is done using your account with your Philippine bank and it takes about 2 to 5 working days. So, before you make your withdrawal, you must first add your bank account details to your Paypal account. Just click Withdraw and then Withdraw funds to your bank account. You will be requested to enter your name, bank name, bank account number, and a 9-digit bank code. You can copy your bank code from the Philippine PayPal bank code list compiled by James of pinoymoneytalk.com.
Additional tips
- Make sure the name in your Paypal account is exactly the same as the name on your bank account. There is a return fee of 250 pesos, if the transaction fails due to this error.
- To make sure you are really on PayPal site, check 3 things:
- your URL has s on the https://www.paypal.com
- your URL has the PayPal icon, a blue-colored P, and the name Paypal, Inc. (US)
- at the right bottom corner, there should be www.paypal.com and an image of a lock
Company Background
PayPal, based on San Jose, California, was founded in 1998 and was bought by eBay in 2002. Currently, it has more than 153 million accounts in 190 countries and in 18 currencies around the world.
PayPal has also received numerous Internet industry awards, including the 2006 Webby People’s Voice Award for Best Financial Services Site and the 2006 Webby Award for Best Financial Services Site.
From Lilian de Vera (victim of the Paranaque shooting incident)
The following is a copy of an email written by Lilia De Vera, whose husband Alfonso and 7-year-old daughter were killed in a shootout involving NCRPO police officers on the night of December 5, 2008 in United Paranaque Subdivision 4:
Two months ago I considered myself as one of those blessed and happiest
people on earth. Why not? I married a guy who was an epitome of kindness. A guy who worshipped even the footsteps I made. More importantly, our union blessed us with a daughter who not only became the main source of our happiness. More so, she was the center of our lives.
We’re simple folks who led a simple life. We felt the happiest even about
mundane things and inconsequential ones that most people would only take
for granted. Our joy mostly revolved on simple pleasures like a sudden trip
to Jollibee or a late night marauding of the fridge for any leftovers. A perfect family with simple delights, dreams and aspirations… until that
fateful night on December 5, 2008. The day my husband and daughter were
taken away from me in a very violent way. That Friday night on December 5,
2008 marked the beginning of all the terror, anguish and misery in my life.
How to File a Complaint Against Any Pre-Need Plan Company in the Philippines
Are you planning to file a complaint against a pre-need plan company in the Philippines?
On the SEC website, there are instructions on how to file a complaint. There is also a complaint form which can be downloaded.
But you can use your own format as long as you include all the necessary details.
Here is a simplified version of the SEC procedures:
1. You can file your complaint against any pre-need company in the Philippines at the SEC office along EDSA in the Greenhills area. Submit your complaint to the Central Receiving and Record Division (CRRD).
2. Who can file a complaint?
The planholder, or the legal representative, or the beneficiaries (if the planholder is deceased)
3. Where is the complaint filed?
Submit your complaint to the Central Receiving and Record Division (CRRD) of the SEC.
4. Contents of the complaint
The complaint should be written. You can use the SEC complaint format which can be downloaded from the SEC website.
- name, address and contact number of the complainant
- name of the pre-need company, main address of the company, name of the person contacted (example: name of the salesperson)
- brief statement of facts: type of plan, effectivity, number of installments paid, total payments paid, significant dates, and other facts that will support your complaint
Akala Ko Naghihirap ang Pre-Need Industry
I thought the pre-need industry is struggling. Hindi naman yata masyado. Nagulat ako noong nakita ko sa website ng PhilHealth na nag-donate ang PFPPCI (the Philippine pre-need association) ng 100,800 pesos sa PhilHealth to help 168 low-income families from various places in the country get PhilHealth coverage. Noong February 4, 2009 ito.
Pero, come to think of it, baka indication rin ng paghihirap nila yong amount ng check. Bakit 100,800 pesos lang?
Anyway, kahit naman yata tayo, kahit naghihirap tayo, nagbibigay pa rin tayo kahit konti kung may nanghihinging nangangailangan talaga?
20 pre-need firms ang na-mention doon, including Danvil Plans.
PhilHealth receives P100.8K from the
Federation of Pre-Need Plan Companies – February 4, 2009
To Danvil, From a Hurting OFW in Japan
By Lemmor Adsiv, an OFW in Japan
March 7, 2009
It is of great help for me it you could answer me on this inquiry. I finished paying my Danvil plan and it will mature in 2019. Actually I paid it in advance so as not to miss payments. But I’m having many sleepless nights because of many doubts about how pre-need companies are doing in the market today. I am having second thoughts about waiting for my plan to mature. Any idea on this? How much money would I get in return if I apply for early reimbursement of my payments? Much as I would like to inquire personally at the Danvil office regarding the matter, I’m here in Japan working hard to make both ends meet for my family. It was hard earned money that I used to pay for my plan. That’s why I am really bothered and annoyed by different news I heard about the pre-need business.
Dalawa ang aking plans sa Danvil. Sad to say na noong kinuha ko yon sa SM Southmall, di ko naintindihan masyado ang paliwanag. Kadarating ko lang noon, galing ako sa work ko abroad and I’m only on my vacation. Actually, I can say na forced and pressured lang din ako ng Danvil employee. Para bang para makauwi na lang ako kumuha na lang ako, then bahala na. Parang ganoon ang nangyari sa akin.
-
Custom Search