Philippine Peso now available in PayPal
As I logged in to PayPal, I’ve noticed a page where it directed me to an image advertisement that PayPal is now capable of receiving payments in Philippine Peso, our own local currency here in the Philippines.
I guess that’s a good news for internet marketers to start the 2010 with a bang. Moreover, it’s still doesn’t stop there. Here’s a complete list of other foreign currency that are currently accepted.
*Requires log-in.
- Use your current PayPal account to receive payments in:
- Canadian Dollars
- Euros
- British Pounds
- U.S. Dollars
- Yen
- Australian Dollars
- New Zealand Dollars
- Swiss Francs
- Hong Kong Dollars
- Singapore Dollars
- Swedish Kroner
- Danish Kroner
- Polish Zloty
- Norwegian Kroner
- Hungarian Forints
- Czech Koruny
- Israeli Shekels
- Mexican Pesos
- Brazilian Real (only for Brazilian users)
- Malaysian Ringgits (only for Malaysian users)
- Philippine Pesos
- Taiwan New Dollars
- Thai Baht
The fees and charges is still killing me, and also imagine if you gonna withdraw $1,000 (okay I don’t have that much let’s say $200).
We, all paypal users, know that paypal dollar conversion to peso is 1 peso lowered than the right actual conversion.
So if the actuall conversion in the bank/market/news is 47.00php, paypal’s conversion will be 46.00.php.
If so, if you gonna withdraw a fund of $200. You are already loosing 200php + the fees (well, if you are under 6,999php withdrawal minimum).
Imagine if you’re getting $1000…