I found a helpful video tutorial on how to link Paypal to Unionbank EON account – using the latest way. I just have to replace the old tutorial I’ve written previously in how to verifying one’s Paypal account which follows a new and easier process of verification.
Here’s a summary of the steps (as illustrated in the accompanying video):
- Unionbank does NOT need any minimum balance requirements. However, one must pay P350 to open up a bank account and the accompanying Unionbank EON card.
- Take note of the information written on the Unionbank EON card. The number at the middle of the card is the card number. The smaller number below your name is the bank account number. The bank account number IS THE ONE TO USE for verifying Paypal account.
continue reading »
I often see VCCs or virtual credit cards being sold usually at the forums to verify one’s paypal account. Many could attest that using these cards are effective, but I learn from Selaplana’s post that VCCs are not recommended. As he says it:
You can buy VCC from VCC providers for only $20 to $60. It’s just virtual (not physical credit card) but its functions are similar to credit card. This kind of credit card expires in a short period of time from 24 hours to 6 months. So, if you’ll use this, make sure to buy a VCC that expires at least in 2 months.
However, I don’t recommend it. There’s a problem with it especially if Paypal will request copies of your credit documents. You couldn’t provide one if you’re simply using the VCC.
Seriously, problems with Paypal happens too often (I get lots of emails on how to lift of Paypal limits, which requires a user to fax personal documents, so there must be a lot of people who encounter trouble with their own accounts) so this further proves that VCCs are not recommended.
To those Filipinos who are taking out cash from Paypal to any Philippine bank account, I hope you find this tip useful. I’ve actually been saving a lot from doing Paypal to Smart Money transfer. The only amount I have to pay is at least P2.50.
In case you are not aware of Smart Money, it is the blue ATM card that Smart Buddy subscribers can avail. Getting cash this way is secured: even if I get to lose either the cellphone or if the Smart Money card gets lost, a PIN is required first before those funds are accessed. Separate PIN numbers are issued for the cellphone and the Smart Money card.
continue reading »
