Jan 29 2008
PayPal Unlocks Bank Withdrawal Feature To Philippines, Indonesia
To the people of first-world nations, this isn’t new. But to many Filipinos and Indonesians who’ve been longing to actively participate in the booming Web market, this news matters: PayPal finally unlocks local bank withdrawal feature to Philippines and Indonesia members!
The Web’s most popular e-commerce and money transfer business, PayPal, just expanded their services to the Philippines and Indonesia. October 5 last year, PayPal rolled a mass mail announcing to their members residing in such countries about their initial withdrawal and receiving features. They announced that fund transfers are now available using debit or credit cards.
Though it was good news, and some Internet savvy people were jumping, it was still infant and very limited. This is true because the number of credit card and debit card holders in the area is smaller compared to the number of people who actually have bank accounts. Nevertheless, PayPal did a good introduction – much better than nothing.
Today, January 29, I got a copy of PayPal’s mass mail again saying that they have finally launched the much-awaited local bank withdrawal. I was very happy reading such news and I was imagining just how many IT people are jumping to the roof upon reading PayPal’s mail.
It is good to take note that eBay Inc., the company that owns PayPal business, might have launched the feature in order to support their campaigns of the localized versions of eBay.com website in the region. Either way, it’s still good news!
PayPal just unlocked millions of merchants and customers from the two nations to the online business world. Their expanded services enable more Filipinos and Indonesians to buy and sell products online, and to send and receive money through the Web. The lack of online money transfer agents in the previous years had always been the hindrance of the people from the said countries in participating money transactions on the Internet. This scenario is about to change though.
So, if you’re a Filipino or Indonesian who’ve been dreaming of using PayPal in participating Web transactions, now is the time to wake up, join our big brothers, and rock!
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January 29th, 2008 at 9:29 pm
Hey! That’s some great news for you huh?
Now is your chance to tap into some of that online income
January 29th, 2008 at 10:26 pm
Definitely, MacBros.
January 30th, 2008 at 12:08 pm
I know how excited I was when Paypal enabled bank withdrawal for my country (Slovenia).
January 30th, 2008 at 12:53 pm
Yeah, that’s what we feel here Greg.
It’s really great. Thanks for visiting my blog!
February 2nd, 2008 at 8:03 am
Just a heads up. click here >>>> Successful Withdrawal From PayPal To Philippine Bank Accounts
It’s fast and no charge or deductions.
February 2nd, 2008 at 8:12 am
Thanks for the link, Charles. It’s good to know that it PayPal works for you. I feel more confident now.