Smooth and Cost-Effective PayPal to EON Card Withdrawals: A Step-by-Step Guide
After putting in your hard work, you're ready to reap the rewards of your monthly earnings. For PayPal users in the Philippines, the easiest way to withdraw your funds is by getting a Unionbank EON Card. I've successfully withdrawn from PayPal to EON twice before, and I'm here to guide you through the process, sharing valuable insights for a smooth and cost-effective experience.
- PayPal to EON Card: The Basics:
- PayPal to EON Card withdrawals offer convenience, but they come with certain processing times and fees. The standard withdrawal to an EON Card takes 5-7 days and incurs a $5 fee per transaction. You can withdraw a minimum of $10.
- Opting for "Withdraw Funds To Your Bank Account":
- For larger withdrawals exceeding 7,000 pesos (approximately $175), using the "Withdraw Funds To Your Bank Account" option is a cost-effective choice. It's still processed within 5-7 days, but there are no deductions for withdrawals over 7,000 pesos. For withdrawals less than 70,000 pesos, there's a small fee of 50 pesos.
- Personal Experience Matters:
- Sharing my own experiences with PayPal withdrawals, I found the "Withdraw Funds To Your Bank Account" option to be faster and more cost-efficient. In my example, I withdrew $242.39, and after considering the exchange rate, I received 9,903.25 PHP.
- Step-by-Step Guide:
- To initiate a withdrawal, log in to your PayPal account and locate the "Withdraw" button on the upper part of your screen. Choose "Withdraw Funds To Your Bank Account."
- Specify the Amount:
- Indicate the amount you want to withdraw. Be aware of the current exchange rate, as this will affect the final PHP amount you receive.
- Review and Submit:
- Before finalizing the transaction, PayPal allows you to review your withdrawal details. Double-check the amount and other particulars to ensure accuracy.
- Pending and Completion:
- After submitting the withdrawal, you'll see the transaction marked as "Pending" in your PayPal dashboard. Typically, within a few days, it will be marked as "Completed."
- Quick Funds Transfer:
- In my experience, the funds often appear in my EON account faster than expected. While the approximate waiting time is 6 days, it may arrive even sooner.
Withdrawing your PayPal earnings to your Unionbank EON Card is a straightforward process. By choosing the right withdrawal method and staying informed about fees and exchange rates, you can ensure a smooth and cost-effective transaction. As my own experiences have shown, it's possible to receive your funds even quicker than anticipated, making this method a reliable choice for accessing your hard-earned money.
Questions and Answers
How can I link my Unionbank EON Card to my PayPal account? You can link your Unionbank EON Card to PayPal by logging into your PayPal account, going to "Wallet," and clicking on "Link a card or bank." Follow the provided prompts to add your card details.
What is the purpose of confirming my Unionbank EON Card on PayPal? Confirming your card on PayPal is a security measure. PayPal will charge a small amount to your card and provide a 4-digit code. You'll need this code to verify the card's authenticity.
How do I enter the confirmation code for my Unionbank EON Card on PayPal? Log in to your PayPal account, go to your linked EON Card, and enter the 4-digit code provided when PayPal charged your card. This step confirms your card.
What is the process for withdrawing PayPal earnings to my Unionbank EON Card? To withdraw funds, log in to PayPal, find the "Withdraw" option, and choose "Withdraw funds to your bank account." Specify the withdrawal amount and follow the on-screen instructions.
Is there a minimum withdrawal amount when using Unionbank EON Card with PayPal? PayPal allows you to withdraw a minimum of $10 to your Unionbank EON Card, but the exact minimum may vary depending on your location and PayPal's policies.
How long does it take for the withdrawn funds to appear in my Unionbank EON Card? The withdrawal process typically takes 5-7 days, but it may vary. Keep an eye on your Unionbank EON Card statement or online banking for updates on the transaction.
