STEPS ON HOW TO WITHDRAW CASH FROM PAYPAL

After opening an account in Paypal, they may ask you to have a credit or debit card verified, for you to be able to withdraw your money.



This is also a way for Paypal to check if you really are that person. They will ask for valid IDs, proof of billing as well if they find your account suspicious.

I don't have a credit card with me so I applied for a debit card called the EON card in Union Bank. It took me a month to go through this process.

UNION BANK EON CARD

1. I went to Union Bank Velez Branch, Cagayan de Oro (PhilAm Bldg.) to apply for an EON card. They will need a photocopy of your valid IDs (2) and you will need to fill up a form. Just bring a 2x2 picture with you in case. I think they asked for it too. Then they will ask you to be back in one week for the approval. But you have to call the bank first before going back because for me, it took me 2 weeks to wait for the approval.

2.Two weeks upon approval, they will ask you to pay P350 for the annual fee in which you will be paying this annually when you have this card. After paying, you will be asked to wait for one week to be able to get your EON card. In my case, I waited 2 weeks again to get the card at last.

3.After possessing the much awaited EON Card, I had it verified with Paypal. It also took me a month and sent scanned identification stuffs to them. I had no qualms about it since this would only prove that they will really check if you are not a computer-generated character.

4.So it took me two months to finally get a verified Paypal account (woohoo!) and the best part of it, every time a couple of dollars is credited in my account, I feel good and just stares at it smiling.

5.If you have other bank accounts, you can then add them into your same Paypal account without going through the effort of getting another credit or debit card. But Paypal will have to verify for a week or so, if you really own that account number. They will have to check it with your bank.

FEEDBACK:

It's been months since I have been transferring funds from Paypal and so far, I have had no problems. I will definitely post it here if I have one.

Union Bank should lessen the number of waiting days so that they will capture a larger number of clients. Some banks like PNB (though I am not sure) automatically provides the card upon application.

There are other banks out there that offers debit cards. I only know of Security and Union Bank. If you know of any other banks, let me know.