Neil Anthony Mansueto Site


<p><a href="https://wise.com/" target="_blank" rel="noreferrer noopener">Wise</a> is a financial service that allows you to convert money between different currencies. Wise has an auto-conversion feature. </p>



<p>There are limits to the number of pending auto conversions you can have open at any time, with a maximum of 15. There are limits to the amount of money you can convert to or from certain currencies, which are the same as the limits for normal live-rate conversions.</p>



<h2 class="wp-block-heading" id="0-big-changes-coming-to-wise-account-regulations-attention-filipinos">Big Changes Coming to Wise Account Regulations! [Attention Filipinos]</h2>



<p>Starting from 20 September 2023, <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/wise/">Wise.com</a> is changing how Wise Account is regulated in the Philippines.&nbsp; If your address is in the Philippines, <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/wise/">Wise.com</a> will add 12% VAT (Value Added Tax) on every fee you pay to Wise.</p>



<p>Is it still worth using <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/wise/">Wise.com</a>? Will <a href="https://www.brodneil.com/paypal/">PayPal</a> become the go-to for Filipinos?</p>





<h2 class="wp-block-heading" id="1-convert-and-send-money-at-low-rates-using-wisecom">Convert and Send Money at Low Rates using Wise.com</h2>



<p><strong>Wise.com</strong> was founded as <strong>TransferWise</strong> in 2011 to make <strong>international money transfers</strong> more accessible, faster, and less expensive. Their goal is to keep driving down prices until it is free to create a Wise cross-border transfer.</p>



<p>It now has over 12 million customers and delivers payments totaling around $8 billion monthly to over 80 countries worldwide.</p>



<h2 class="wp-block-heading" id="2-key-features">Key features:</h2>



<ul class="wp-block-list">
<li>You can <a href="https://wise.com/invite/u/neilm1127" target="_blank" rel="noreferrer noopener">create an account for free</a>.</li>



<li>Send money internationally or open a multi-currency account to keep and exchange 50+ currencies.</li>



<li>No markups are added to the mid-market exchange rate, and all expenses are fully displayed before you confirm any transaction.</li>



<li>Wise has its own payment network rather than depending on the old SWIFT network used by banks, which is a modern method of international money transfer.</li>
</ul>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading" id="3-low-rates">Low rates</h2>



<p>Use the Wise.com homepage calculator to know how much the exchange rate would be if you use Wise. You&#8217;ll see their fees and exchange rate immediately if you don&#8217;t log in. So you can always double-check to ensure you&#8217;re getting a good deal. </p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise-homepage-1-1024x567.png?resize=1024%2C567&#038;ssl=1" alt="wise.com calculator" class="wp-image-11390" data-recalc-dims="1"/></figure>



<p>Wise.com also has a pricing comparison tool for several currencies to help you make an informed decision. You can compare Wise&#8217;s price with other leading companies that also offer fund transfer services like Western Union, Money Gram, and <a href="https://www.brodneil.com/paypal/" target="_blank" rel="noreferrer noopener">PayPal</a>.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise.com-comparison-1-796x1024.png?resize=796%2C1024&#038;ssl=1" alt="comparing wise.com" class="wp-image-11396" data-recalc-dims="1"/></figure>



<h2 class="wp-block-heading" id="4-holding-currencies">Holding currencies</h2>



<p>You can fund your account with any of the following currencies:&nbsp;</p>



<ul class="wp-block-list">
<li>Australian Dollar (AUD)</li>



<li>Bulgarian Lev (BGN)</li>



<li>Brazilian Real (BRL)</li>



<li>Canadian Dollar (CAD)</li>



<li>Swiss Franc (CHF)</li>



<li>Czech Koruna (CZK)</li>



<li>Danish Krone (DKK)</li>



<li>Euro (EUR)</li>



<li>Pound Sterling (GBP)</li>



<li>Croatian Kuna (HRK)</li>



<li>Hungarian Forint (HUF)</li>



<li>Japanese Yen (JPY)</li>



<li>Malaysian Ringgit (MYR)*</li>



<li>Norwegian Krone (NOK)</li>



<li>New Zealand Dollar (NZD)</li>



<li>Poland złoty (PLN)</li>



<li>Romanian Leu (RON)</li>



<li>Swedish Krona (SEK)</li>



<li>Singapore Dollar (SGD)</li>



<li>Turkish lira (TRY)</li>



<li>United States Dollar (USD)</li>
</ul>



<p>*Only Malaysian residents can immediately top up their MYR balance using MYR.</p>



<p>You can hold more than 50 currencies in your account and convert money between any of these currencies at the current exchange rate.</p>



<p class="has-small-font-size"><a href="#table-of-contents">Back to Table of Contents</a></p>



<h2 class="wp-block-heading" id="5-how-to-send-money-with-wise">How to send money with Wise</h2>



<p>Wise aims to create a better, more affordable, and more equitable system for everybody, whether you are traveling or doing business across borders.</p>



<p>With Wise.com, you should find that your fees are always reasonable and that you receive the actual exchange rate. The same ones that large firms and banks receive. However, Wise offers those rates as well.</p>



<h3 class="wp-block-heading" id="6-create-your-free-account">Create your free account</h3>



<p>You can <a href="https://wise.com/invite/u/neilm1127" target="_blank" rel="noreferrer noopener">create your Wise account for free</a>, and your receiver does not need to use Wise.com for you to send money to them. You can sign up as a person, or if you own a business, you can add it to your Wise.com account.&nbsp;</p>



<p>You can sign up using your email address or connecting to your Google or Facebook account.&nbsp; To sign up using your email address, just follow these steps:</p>



<p><strong>Step 1</strong>: Go to <a href="https://wise.com/invite/u/neilm1127" target="_blank" rel="noreferrer noopener">Wise.com&#8217;s registration page</a>.</p>



<p><strong>Step 2</strong>: Choose if you&#8217;re making a personal or business account and enter your email address, password, and country of registration/residence.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise-Registration-01-1-1024x584.png?resize=1024%2C584&#038;ssl=1" alt="wise registration" class="wp-image-11385" data-recalc-dims="1"/></figure>



<p><strong>Step 3</strong>: Enter your phone number and wait for the verification code.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise-Registration-02-1-1024x586.png?resize=1024%2C586&#038;ssl=1" alt="wise registration" class="wp-image-11386" data-recalc-dims="1"/></figure>



<p><strong>Step 4</strong>: Enter the 6-digit code and confirm your email.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise-Registration-03-1-1024x584.png?resize=1024%2C584&#038;ssl=1" alt="wise registration" class="wp-image-11387" data-recalc-dims="1"/></figure>



<p><strong>Step 5</strong>: Choose what account you&#8217;d be making.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise-Registration-05-1-1024x479.png?resize=1024%2C479&#038;ssl=1" alt="wise.com registration" class="wp-image-11391" data-recalc-dims="1"/></figure>



<p><strong>Step 6</strong>: Input your personal information.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise-Registration-06-1-1024x565.png?resize=1024%2C565&#038;ssl=1" alt="wise.com registration" class="wp-image-11392" data-recalc-dims="1"/></figure>



<p>You&#8217;re done! You can now access Wise.com using a desktop or mobile, Android and iOS.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise-Registration-04-e1667876139136-1-1024x565.png?resize=1024%2C565&#038;ssl=1" alt="wise registration" class="wp-image-11388" data-recalc-dims="1"/></figure>



<h3 class="wp-block-heading" id="7-enter-the-amount-you-want-to-transfer-amp-fill-in-your-details">Enter the amount you want to transfer &amp; fill in your details</h3>



<p>You can begin with the amount you want to send or the amount you wish your receiver to receive. Just click on &#8220;Send money&#8221; and fill in the necessary information needed.</p>



<p>If your recipient must get the exact amount, enter it in the box, <em>Recipient gets</em>. It will automatically show you how much you would need to send.</p>



<p>Wise would then ask you what kind of transfer it will be; if you&#8217;re paying in from a personal bank account, it&#8217;s a Personal transfer.&nbsp;</p>



<p>Afterwhich, fill in your details.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise.com-send-money-01-1-1024x576.png?resize=1024%2C576&#038;ssl=1" alt="wise.com sending money" class="wp-image-11393" data-recalc-dims="1"/></figure>



<h3 class="wp-block-heading" id="8-add-your-receivers-details">Add your receiver&#8217;s details</h3>



<p>Choose to whom you&#8217;ll be sending the funds and input the receiver&#8217;s bank details if you have them, and wise will transfer the funds to that account.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise.com-send-money-02-1-1024x536.png?resize=1024%2C536&#038;ssl=1" alt="wise.com sending money" class="wp-image-11394" data-recalc-dims="1"/></figure>



<p>If you don&#8217;t have their bank account information, just input their active email address. Wise will check if the email has a Wise account. They&#8217;ll send an email requesting their bank information if they are not on Wise.</p>



<h3 class="wp-block-heading" id="9-review-the-details-and-choose-your-transfer-type-and-how-to-pay">Review the details, and choose your transfer type and how to pay</h3>



<p>Check that everything is in order.</p>



<p>Wise will then tell you how much each option will cost and how long it will take for the money to arrive.</p>



<p>Paying from your bank account is frequently the most cost-effective option. You&#8217;ll have to open your online banking or go to a branch to transfer funds to Wise.</p>



<p>They will confirm the transfer through email or in the app once they have received your money. They&#8217;ll also notify you and the beneficiary when the money arrives.</p>



<p class="has-small-font-size"><a href="#table-of-contents" target="_blank" rel="noreferrer noopener">Back to Table of Contents</a></p>



<h2 class="wp-block-heading" id="10-auto-conversion-of-currencies">Auto conversion of currencies</h2>



<p>Auto Conversions allow you to select an exchange rate and an amount to convert between two eligible currencies. They monitor the market and convert your money automatically when your preferred or higher rate is met.</p>



<h3 class="wp-block-heading" id="11-what-is-the-process-of-auto-conversion">What is the process of auto-conversion?</h3>



<ol class="wp-block-list">
<li>You select the currencies: Tell Wise which currencies you wish to convert.</li>



<li>You set the rate: Your desired exchange rate for the conversion.</li>



<li>You choose the amount: Select the amount of money to convert.</li>



<li>Set it and forget it: We&#8217;ll keep an eye on the market and convert your money when your preferred rate &#8211; or one that is better than your desired rate &#8211; is met. Wise also notifies you when your money is converted or if it fails for any reason.</li>
</ol>



<h3 class="wp-block-heading" id="12-configuring-auto-conversion">Configuring Auto Conversion</h3>



<p>You can make an Auto Conversion in two places when registered into your Wise account on the web.</p>



<ol class="wp-block-list">
<li>When converting from a qualified currency, once you&#8217;re in the activity home for the eligible currency, click &#8220;Convert,&#8221; enter the amount of money to convert, and you&#8217;ll have the option to turn on &#8220;Auto Convert.&#8221; When you turn on &#8220;Auto Convert,&#8221; you may select your target FX rate and the amount of money you want to transmit between two currencies.</li>



<li>Login to Wise, and go to the &#8216;Manage&#8217; tab. On the &#8216;Manage&#8217; page, you may view your existing Auto Conversions and create new ones. Click &#8220;Create Auto Conversion&#8221; once you&#8217;re there to create a new Auto Conversion.</li>
</ol>



<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise.com-auto-conversion-1-1024x464.png?resize=1024%2C464&#038;ssl=1" alt="wise.com auto conversion" class="wp-image-11395" style="width:895px;height:405px" data-recalc-dims="1"/></figure>



<h3 class="wp-block-heading" id="13-deleting-an-existing-auto-conversion-">Deleting&nbsp;<strong>an existing Auto Conversion</strong></h3>



<p>You can delete your existing Auto Conversions and create a new one. You can do this on your Wise account&#8217;s &#8220;Manage&#8221; tab under &#8220;Auto Conversions.&#8221;</p>



<h3 class="wp-block-heading" id="14-which-currencies-support-auto-conversion">Which currencies support Auto Conversion</h3>



<p>Wise supports Auto Conversions to/from any of the 24 currencies listed below: USD, CAD, GBP, EUR, AUD, JPY, CHF, NZD, SGD, MXN, HUF, NOK, SEK, DKK, PLN, CZK, RON, BGN, INR, BRL, THB, PKR, PHP, IDR.</p>



<h2 class="wp-block-heading" id="15-open-a-virtual-us-bank-account-with-wisecom">Open a virtual US bank account with Wise.com</h2>



<p>Suppose you are a foreigner in the United States or anyone living outside America and wish to open an American bank account. In that case, you have several options to choose from.&nbsp;</p>



<p>While traditional large banks have strict requirements, <strong>neobanks</strong> have a much easier application process. In addition to these two groups, foreign entrepreneurs and small business owners can benefit from online business bank accounts. Finally, bank-like alternatives like Wise.com simultaneously provide almost the same services with the lowest qualifying restrictions.</p>



<p>Aside from its money transfer service, Wise.com also provides a multi-currency account with a debit MasterCard. Its key advantage is that it lets you hold money in over 50 currencies and includes account information for 10 of them, including USD, EUR, and GBP.</p>



<p>Wise&#8217;s account may be a viable option if you need to be paid outside of the United States. However, remember that their multi-currency account is not a bank account and hence is not FDIC-insured. The money you keep on it is safe, but not as much as it would be with most traditional bank accounts.</p>



<h3 class="wp-block-heading" id="16-features">Features</h3>



<p>Wise&#8217;s account comes with valid banking details in many countries and currencies, including US dollars, making it a significant advantage. Your Wise USD account will be managed by Community Federal Savings Bank (CFSB) and Evolve Bank and Trust (EVOLVE). It will include the following information that is unique to you:</p>



<ul class="wp-block-list">
<li>ACH routing number</li>



<li>Wire routing number</li>



<li>Account number</li>



<li>SWIFT/BIC code</li>
</ul>



<p>This means you&#8217;ll be able to spend and be paid in the United States exactly like a resident, as well as convert your USD balance into your home currency without incurring expensive bank costs.&nbsp;</p>



<p>This is one of the quickest and easiest ways for a non-resident to open a US bank account. Whether you want to hold money in USD, spend on vacations, shop online, or get wages in USD.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/11/Wise.com-logo-1-1024x576.png?resize=1024%2C576&#038;ssl=1" alt="wise.com" class="wp-image-11397" data-recalc-dims="1"/></figure>



<h2 class="wp-block-heading" id="17-conclusion">Conclusion</h2>



<p><a href="https://wise.com/invite/u/neilm1127" target="_blank" rel="noreferrer noopener">Wise.com </a>was created to make sending money abroad easier, faster, and less expensive. It has built its payment network to eliminate the inefficiencies and excessive fees associated with transmitting foreign payments.</p>



<p>Wise.com&#8217;s objective to offer fair fees while continuing to bring down expenses necessitates a truly open pricing scheme. There are no hidden or bundled fees; your charges are displayed before you fund your Wise payment. Suppose you frequently receive, hold, or exchange currencies. In that case, the Wise multi-currency account for individuals and corporate customers may be beneficial. You&#8217;ll always get the actual conversion rate and may store and manage 50+ currencies in one location.</p>


Wise.com: Low Rates and Wise Auto Conversion

GCash: All You Need to Know


<div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div>



<p id="toc">If you receive your earnings via <a href="https://www.brodneil.com/paypal/">PayPal</a>, you can withdraw your money even without a bank account. You can quickly move your money from <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/">PayPal to GCash</a>. Here is a quick guide on how you can transfer your PayPal funds to your GCash e-wallet (It is no longer free).</p>



<p>At the moment</p>





<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="537" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2021/07/paypal-to-gcash-1024x537.png?resize=1024%2C537&#038;ssl=1" alt="PayPal to GCash logos" class="wp-image-7512" srcset="https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2021/07/paypal-to-gcash.png?resize=1024%2C537&amp;ssl=1 1024w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2021/07/paypal-to-gcash.png?resize=300%2C157&amp;ssl=1 300w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2021/07/paypal-to-gcash.png?resize=768%2C403&amp;ssl=1 768w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2021/07/paypal-to-gcash.png?w=1200&amp;ssl=1 1200w" sizes="auto, (max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></figure>



<h2 class="wp-block-heading" id="0-what-is-paypal">What is PayPal</h2>



<p>PayPal is an online payment system that you can use to send money, make online payments, and receive money online.  It is used in many countries worldwide.  So if you are doing business with an international partner or working for a client overseas, PayPal is an efficient tool to send and receive money. </p>



<h3 class="wp-block-heading" id="1-paypal-alternative">PayPal alternative</h3>



<h4 class="wp-block-heading" id="2-zintego-"><a href="https://www.zintego.com/" target="_blank" rel="noreferrer noopener">Zintego</a> </h4>



<p>Creating professional estimates and invoices from anywhere is made easy with Zintego&#8217;s simple process for remote customer invoicing. It&#8217;s the perfect tool for small business owners, including freelancers and creatives, looking to enhance their performance.</p>



<p>Website: <a href="https://www.zintego.com" target="_blank" rel="noreferrer noopener">https://www.zintego.com</a></p>



<h2 class="wp-block-heading" id="3-what-is-gcash">What is GCash</h2>



<p><a href="https://www.brodneil.com/gcash/">GCash</a> is a mobile wallet or an electronic wallet (e-wallet) that allows you to perform various cashless transactions.  You can send and receive money, make bank transfers, pay bills, shop online, buy load, make cashless payments to retail stores and online marketplaces, and more.  </p>



<p>Are you interested to know more about GCash? Read <a href="https://www.brodneil.com/gcash/" data-type="post" data-id="9319">GCash: All You Need to Know</a>.</p>



<h2 class="wp-block-heading" id="4-how-to-withdraw-your-paypal-balance">How to withdraw your PayPal balance</h2>



<p>If you want to withdraw your PayPal balance, these are some of the options you have:</p>



<h3 class="wp-block-heading" id="5-1-paypal-to-bank-account-"><em>1. PayPal to bank account</em></h3>



<p>This process allows you to transfer your PayPal balance directly to your bank account. PayPal charges P50 for withdrawals less than P7,000. For P7,000 and up, fees are waived. Your bank may also charge fees for your PayPal transaction. Processing may take one day up to 5 days, depending on your bank.</p>



<h3 class="wp-block-heading" id="6-2-paypal-to-gcash-send-money-from-paypal-to-gcash-"><em>2.  <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/">PayPal to GCash</a> (send money from <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/">PayPal to Gcash</a>)   </em> </h3>



<p>You may also withdraw your PayPal balance through <a href="https://www.brodneil.com/gcash/">GCash</a> and get your funds almost instantly (but no longer free). You just need to link your PayPal account to your GCash account to process the withdrawal. Once the money is in, you may <a href="https://www.brodneil.com/gcash-cash-out-issue/">transfer your GCash funds to your bank account</a> or use it to make cashless transactions. You may also cash out your GCash through its over-the-counter partners or ATM nationwide using the GCash Mastercard.</p>



<h4 class="wp-block-heading" id="7-paypal-to-gcash-transfer-fee-"><em>PayPal to GCash Transfer Fee</em></h4>



<p>PayPal to GCash transfer fee is no longer free. It used to be. </p>



<p>Currently upon testing, as heard from other users, when you cash in from PayPal, GCash will ask for a convenience fee.</p>



<p>The test we did was P760, and the convenience fee on top of that was P7.60.</p>



<p>What do you think? Is it still worth using GCash for cashing in from PayPal? PayPal to GCash indicated though that <a href="https://www.paypal.com/ph/webapps/mpp/gcash-easy-withdrawals">there is no withdrawal fee</a> from their end. </p>



<p>Kindly note that you need to convert your money to Philippine pesos before withdrawing it from PayPal and transferring it to GCash. This is how PayPal earns money.</p>



<h3 class="wp-block-heading" id="8-3-paypal-to-paymaya-"><em>3.  PayPal to PayMaya</em></h3>



<p>Another way to withdraw your PayPal balance is through PayMaya.  You may choose between standard transfer (1-3 business days) or instant transfer (within a few minutes) with applicable fees.  Just like withdrawing through GCash, you need to link your PayPal account to your PayMaya account to transfer your balance.  </p>



<p><a href="#toc">Back to Table of contents</a></p>



<h2 class="wp-block-heading" id="9-why-withdraw-paypal-funds-using-gcash">Why withdraw PayPal funds using GCash</h2>



<p>Here are some reasons why PayPal to GCash balance transfer might be the right for you: </p>



<h3 class="wp-block-heading" id="10-1-you-want-a-real-time-money-transfer-"><em>1.  You want a real-time money transfer</em></h3>



<p>Unlike bank transfers that may take days for your funds to reflect in your account, PayPal to&nbsp;<a href="https://www.paypal.com/ph/webapps/mpp/gcash-easy-withdrawals" target="_blank" rel="noreferrer noopener">GCash transactions are processed in near-to real-time</a>. In rare cases, it may take up to only 24 hours for your money to get into your GCash wallet. Standard PayMAya transfers also take a few days to process unless you pay an additional fee for the instant transfer.</p>



<p>To answer one of the frequently asked questions: &#8220;<strong>How many days to transfer money from PayPal to GCash?</strong>&#8220;</p>



<p>You get the money from PayPal to GCash normally in real time the moment you Cash-in from PayPal using your GCash phone app.</p>



<h3 class="wp-block-heading" id="11-2-you-dont-want-any-more-of-the-charges-"><em>2.  You don&#8217;t want any more of the charges </em> </h3>



<p>Every peso counts. Unfortunately, PayPal to GCash fund transfer is no longer free. You only need to withdraw the minimum amount of P500. With bank transfers, you may need to pay a fixed transaction fee for every PayPal withdrawal, depending on your bank. You also need to pay P50 when you process less than P7,000. If you intend to withdraw every month, imagine how much you can save when you use GCash.</p>



<h3 class="wp-block-heading" id="12-3-you-value-versatility-and-convenience-"><em>3.  You value versatility and convenience</em></h3>



<p>There are many things you can do with your GCash wallet.  As mentioned earlier in the post, you can conveniently send and receive money, make bank transfers, pay bills, shop online, buy load, and make cashless transactions with other people using GCash. </p>



<p><a href="#toc">Back to Table of contents</a></p>



<h2 class="wp-block-heading" id="13-how-to-transfer-money-from-paypal-to-gcash">How to transfer money from PayPal to GCash</h2>



<p>To withdraw your money from PayPal to GCash, you need to link your PayPal account to your GCash account. </p>



<h3 class="wp-block-heading" id="14-what-are-the-requirements-in-linking-paypal-account-to-gcash-e-wallet-"><em>What are the requirements in linking PayPal account to GCash e-wallet</em></h3>



<p>According to GCash, you need to meet the following <a href="https://help.gcash.com/hc/en-us/articles/360019948834-How-to-link-PayPal-to-GCash" target="_blank" rel="noreferrer noopener">conditions to link your PayPal account to your Gcash account</a>: </p>



<ol class="wp-block-list">
<li>You must own both the PayPal and GCash accounts to be linked. </li>



<li>Both accounts must exactly have the same first and last name. </li>



<li>Your PayPal account must be set up in the Philippines.</li>



<li>Your PayPal account type must be personal and not a business type.</li>



<li>Your GCash account has to be fully verified.  If you have been using the features of GCash, it means your account has been verified.  If you are not sure about it, you may read this post from GCash:  <a href="https://help.gcash.com/hc/en-us/articles/360017722393-How-to-Get-Verified" target="_blank" rel="noreferrer noopener">How to Get Verified</a>.         </li>
</ol>



<h3 class="wp-block-heading" id="15-how-to-link-paypal-account-to-gcash-"><em>How to link PayPal account to GCash</em></h3>



<p>Assuming you have met all the requirements above, you may now link your PayPal account to your GCash account.</p>



<ol class="wp-block-list">
<li>Log in to your GCash app.</li>



<li>On the lower right side of the screen, click <strong>Profile</strong>. </li>



<li>Choose <strong>My Linked Accounts</strong>. </li>



<li>Select <strong>PayPal</strong>.</li>



<li>Enter your PayPal email address and click the <strong>link</strong> button.</li>



<li>You will be brought to the PayPal login page.  Input your PayPal username and password. </li>



<li>Click <strong>Authorize </strong>to complete the process.</li>
</ol>



<p>After the linking process, you will shortly receive an email from PayPal stating that you have successfully enrolled for Preapproved Payments to G-Exchange, Inc. (GCash). This means that PayPal is giving GCash temporary permission to transfer PayPal balances to your linked GCash account.</p>



<h3 class="wp-block-heading" id="16-how-to-relink-paypal-account-to-gcash-"><em>How to relink PayPal account to GCash</em></h3>



<p>Relinking has practically the same steps as linking your PayPal account to your GCash account.</p>



<ol class="wp-block-list">
<li>Log in to your GCash app.</li>



<li>On the lower right side of the screen, click <strong>Profile</strong>. </li>



<li>Choose <strong>My Linked Accounts</strong>. </li>



<li>Select <strong>PayPal</strong>.</li>



<li>Enter your PayPal email address and click the <strong>link</strong> button.</li>



<li>You will be asked to <strong>Authorize</strong> before completing the process.</li>



<li>You&#8217;ll be brought to the PayPal login page.  Input your PayPal username and password. </li>
</ol>



<p>After the linking process, you will receive an email from PayPal stating that you have successfully enrolled for Preapproved Payments to G-Exchange, Inc. (GCash). </p>



<p>Sometimes, GCash will ask you to relink your PayPal account. It can be annoying, but you&#8217;ll have to do the steps above all over again.</p>



<h3 class="wp-block-heading" id="17-how-to-transfer-funds-from-paypal-to-gcash-"><em>How to transfer funds from PayPal to GCash</em> </h3>



<p>The most asked question and perhaps the reason why  we are reading this post: </p>



<h4 class="wp-block-heading has-text-align-center" id="18-how-can-i-transfer-my-money-from-paypal-to-gcash">&#8220;How can I transfer my money from PayPal to GCash?&#8221;</h4>



<p>Once you have linked your PayPal account to your GCash account, you may now transfer your PayPal funds at any time. Here’s how:</p>



<ol class="wp-block-list">
<li>Log in to your GCash account.</li>



<li>Choose <strong>Cash-in</strong> on the dashboard.</li>



<li>Select <strong>PayPal</strong> under Global Partners and Remittance.</li>



<li>Enter the amount you want to transfer (minimum of P500).  Click <strong>Next</strong>.</li>



<li>Check if you entered the corrected amount.  Tap <strong>Confirm</strong>.  Once confirmed, a screen will prompt notifying that your transaction is being processed and that you will receive an SMS notification once your transaction is complete.</li>
</ol>



<p>You will receive an email from PayPal that your account has been debited with your cash-in amount. You will also get an SMS notification from GCash confirming that your funds have been successfully transferred to your GCash wallet.</p>



<h3 class="wp-block-heading" id="19-how-to-transfer-money-from-paypal-to-gcash-without-linking-"><em>How to transfer money from PayPal to Gcash without linking</em>?</h3>



<p>The short answer is: you can&#8217;t (at least at this point in time).<br>However, you can always unlink your PayPal account after making a successful transfer from PayPal to Gcash. It is a bit of an inconvenience, though.</p>



<p><a href="#toc">Back to Table of contents</a></p>



<p>Here is an instructional video from&nbsp;<a target="_blank" href="https://www.paypal.com/ph/webapps/mpp/gcash-easy-withdrawals" rel="noreferrer noopener">PayPal</a>&nbsp;on how to withdraw your balance to GCash.</p>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Learn How to Withdraw your PayPal balance to GCash, with no fee! - PayPal Philippines" width="500" height="281" src="https://www.youtube.com/embed/k-u_cSE0zNY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<p>Read more about PayPal here: <a href="https://www.brodneil.com/paypal/">https://www.brodneil.com/paypal/</a>.</p>



<hr class="wp-block-separator has-css-opacity"/>



<h2 class="wp-block-heading" id="20-gcash-cash-out-issue">GCash Cash-out Issue</h2>



<h3 class="wp-block-heading" id="21-background-"><strong>Background</strong></h3>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>Today (February 14, 2020), I cashed in from&nbsp;<a href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/">Paypal to GCash</a>&nbsp;without any issue. However, when I cashed out, I did not receive the money. The reason I&#8217;m using GCash is its real-time feature. The experience defeats the purpose.<br><br>I heard last month (2020 January) that someone lost her money in GCash. It seemed to be an unauthorized purchase or an unauthorized withdrawal. (I think it was posted on Facebook claiming that there was no action from GCash support.) I never really bothered because all the while all my transactions were doing great until today.</p>



<p>With this experience, my initial reaction is to refrain from using GCash.</p>



<p>On second thought, I’d like to see how they respond to such issues.</p>



<p>My 1st purpose for writing this is to tell my loved ones, friends, and readers about this experience so they can weigh things for themselves.</p>



<p>My 2nd purpose is to document the course of action and promptness of GCash’s support.<br><br>Note that <strong>the real-time feature of GCash is what makes it a BIG plus</strong>. For Paypal to have your withdrawal in real-time, I think you get to pay P500 pesos for that.<br><br>With this incident, perhaps it is better to pay P500 in Paypal. I have been using Paypal for more than 10 years and I have never had this issue.</p>



<p>I already filed a ticket to GCash support and the agent had to escalate it. For the turnaround, she could not promise anything. I hope action will be taken promptly. This is where I created the ticket using its LIVE chat support:&nbsp;<a href="https://help.gcash.com/hc/en-us/categories/360001959874-Cash-in-Cash-out-#Cash-out" target="_blank" rel="noreferrer noopener">https://help.gcash.com/hc/en-us/categories/360001959874-Cash-in-Cash-out-#Cash-out</a></p>



<p>I will update this post on GCash’s action and promptness; this way I can also be fair to GCash’s support instead of just ranting my complaint.</p>
</blockquote>



<h3 class="wp-block-heading" id="22-result-"><strong>Result</strong></h3>



<p><em>I receive a confirmation ticket of my concern via email through GCash Help Center after 20 minutes from the time I made the LIVE chat support.</em>&nbsp;(<em>2020 February 14, 7:20AM</em>)</p>



<p><em>I got the money back the following day in my GCash account on February 15, 2020, at around 2:19 PM.</em></p>



<p><strong>Thank you for the GCash support</strong>.</p>



<p>So I guess I can still continue using GCash then. Yet this time, I might need to do an initial transaction in a small amount.</p>



<p>What is your experience with GCash? Leave your feedback below.</p>



<h2 class="wp-block-heading" id="23-paypal-for-filipinos-living-in-the-philippines">PayPal for Filipinos Living in the Philippines</h2>



<p>PayPal is great for Filipinos in the Philippines to transact with customers and clients overseas. To use PayPal, Filipinos need to create an account and link their bank account or credit card. They can then use PayPal to make payments or receive payments from abroad, with fees varying based on the currency and amount of the transaction. Security measures such as two-factor authentication and seller protection programs are available. Overall, PayPal can be a convenient and secure tool for Filipinos to conduct international transactions. Read further <a href="https://www.brodneil.com/paypal/">PayPal Guide for Filipinos in the Philippines</a>.</p>



<h2 class="wp-block-heading" id="24-conclusion">Conclusion</h2>



<p>PayPal to GCash is a quick and efficient way to withdraw money from PayPal. You simply need to link your PayPal account to your GCash account to process the money transfer. This is an excellent option for small business owners and freelancers like <a href="https://www.brodneil.com/brodneil/" target="_blank" rel="noreferrer noopener">digital marketers</a>, graphic designers, and more who want to receive their money without waiting for days.</p>



<p><a href="#toc">Back to top</a></p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://i0.wp.com/www.brodneil.com/wp-content/uploads/2023/07/PayPal-to-GCash-1024x576.png?resize=1024%2C576&#038;ssl=1" alt="PayPal to GCash" class="wp-image-14757" srcset="https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2023/07/PayPal-to-GCash.png?resize=1024%2C576&amp;ssl=1 1024w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2023/07/PayPal-to-GCash.png?resize=300%2C169&amp;ssl=1 300w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2023/07/PayPal-to-GCash.png?resize=768%2C432&amp;ssl=1 768w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2023/07/PayPal-to-GCash.png?resize=1536%2C864&amp;ssl=1 1536w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2023/07/PayPal-to-GCash.png?w=1600&amp;ssl=1 1600w" sizes="auto, (max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /></figure>


How to Transfer Money from PayPal to GCash (It Is No longer Free!)

What Is Maya (Formerly Known as PayMaya) and How Does It Work


<p id="TOC">If you&#8217;re a Filipino living in the Philippines, here&#8217;s a helpful guide in using PayPal.  </p>





<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="537" src="https://i0.wp.com/h1zxw0q68tpl8wv2ks95dwwsw.js.wpenginepowered.com/wp-content/uploads/2022/01/paypal-pexels-1024x537.jpg?resize=1024%2C537&#038;ssl=1" alt="paypal icon" class="wp-image-9338" srcset="https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2022/01/paypal-pexels.jpg?resize=1024%2C537&amp;ssl=1 1024w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2022/01/paypal-pexels.jpg?resize=300%2C157&amp;ssl=1 300w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2022/01/paypal-pexels.jpg?resize=768%2C403&amp;ssl=1 768w, https://i0.wp.com/bpatlasblue010.wpenginepowered.com/wp-content/uploads/2022/01/paypal-pexels.jpg?w=1200&amp;ssl=1 1200w" sizes="auto, (max-width: 1000px) 100vw, 1000px" data-recalc-dims="1" /><figcaption class="wp-element-caption">Image source: <a href="https://www.pexels.com/" target="_blank" rel="noreferrer noopener">Pexels</a></figcaption></figure>



<h2 class="wp-block-heading" id="0-what-is-paypal">What is PayPal</h2>



<p><a href="https://www.paypal.com/us/home" target="_blank" rel="noreferrer noopener">PayPal</a> is an online payment system that allows you to send and receive money online and make online payments safely. Since it is used in many countries worldwide, PayPal can efficiently send and receive money from an international partner, client, employer, or friends and family anywhere.&nbsp;&nbsp;</p>



<h2 class="wp-block-heading" id="1-can-residents-in-the-philippines-use-paypal">Can residents in the Philippines use PayPal?</h2>



<p>Yes, Philippines residents can use PayPal to send and receive money online. We&#8217;ve been using it for years. We never find any limitations in receiving and sending money. However, the fees and exchange rate may be higher than normal. <br><br>It is recommended to check with PayPal directly to see if there are any specific restrictions or requirements for using the service in the Philippines.</p>



<h2 class="wp-block-heading" id="2-how-paypal-works">How PayPal works</h2>



<p>PayPal is an <a href="https://www.investopedia.com/terms/p/paypal.asp" target="_blank" rel="noreferrer noopener">online payment platform</a> that lets you send money to people and receive funds from them.</p>



<p>You may link your PayPal account to your bank account, credit card, or debit card to make online purchases and bills payments. You may also add money to your PayPal account to process transactions.&nbsp; &nbsp; &nbsp;</p>



<h2 class="wp-block-heading" id="3-how-to-add-money-on-paypal">How to Add Money on PayPal</h2>



<p>As long as your linked bank account, credit card, or debit card works, PayPal will not require you to keep money in your PayPal account. However, you can add money to your account to make payments and fund transfers faster and easier.</p>



<p>You may add money on PayPal anytime using your linked bank account. Follow these steps:</p>



<ol class="wp-block-list">
<li>Log in to your PayPal account.</li>



<li>On your home page and under your balance, click “Transfer money.”</li>



<li>Under “Money in,” choose “Add money to your balance.”</li>



<li>Type in the amount of money you wish to transfer to your PayPal account and click “Add.”</li>



<li>On the next page, review the amount you wish to transfer. If you want to change the amount, click “Change.” If the amount is correct, click the “Add” button that indicates the right amount to complete the transfer.</li>
</ol>



<p><a href="#TOC">Back to Table of contents</a></p>



<h2 class="wp-block-heading" id="4-how-to-check-paypal-balance">How to Check PayPal Balance</h2>



<p>You can check your PayPal balance by logging in to your PayPal account. You can do this on your PayPal mobile app, desktop, or mobile browser. Once logged in, you will immediately see your PayPal balance on your dashboard.</p>



<h2 class="wp-block-heading" id="5-how-does-paypal-send-money-to-other-people-with-a-paypal-account">How does PayPal send money to other people with a PayPal account</h2>



<p>PayPal lets you conveniently send money to other people, including family and friends, employees, clients, and business partners with PayPal accounts.&nbsp; &nbsp;</p>



<p>Follow these steps:</p>



<ol class="wp-block-list">
<li>Log in to your account.</li>



<li>Choose “Send &amp; Request.” You will automatically be brought to the “Send money” tab.</li>



<li>In the “Send money to” box, type in the recipient&#8217;s details. You can use either the name, username, email address, or mobile number of the receiver. You may also choose a person from your contacts list that will appear in icons on the same screen.&nbsp;&nbsp;</li>



<li>Enter the amount you wish to send.</li>



<li>You may add a note as to the purpose of the payment.</li>



<li>Click continue.</li>



<li>Review the details on the next screen and click “Send money now” to confirm the transaction.&nbsp;</li>
</ol>



<p><a href="#TOC">Back to Table of contents</a></p>



<h2 class="wp-block-heading" id="6-how-to-send-money-to-someone-with-no-paypal-account">How to send money to someone with no PayPal account</h2>



<p>You can also send money to someone with no PayPal account. However, the recipient needs to open a PayPal account once the notification is received to access the funds. Instructions on opening a PayPal account will be included in the email notification.</p>



<p>To send money to someone with no PayPal account, use the recipient&#8217;s email address in the &#8220;send payment to&#8221; box and follow the same procedure above.&nbsp;&nbsp;</p>



<h2 class="wp-block-heading" id="7-how-to-make-paypal-cash-withdrawal">How to make PayPal Cash Withdrawal</h2>



<p>You can withdraw your PayPal balance by transferring the amount to any of your linked bank accounts. You may also transfer it to your linked <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/#eWallets">e-wallet</a> like GCash or PayMaya.</p>



<h2 class="wp-block-heading" id="8-how-to-link-your-bank-account-to-paypal">How to link your bank account to PayPal?</h2>



<p>You may link your bank account to PayPal to quickly withdraw your money in your PayPal account. It also allows you to add money to your PayPal account. Make sure your bank account name and PayPal account name match to avoid returned withdrawals and the fee charged for the return.&nbsp;</p>



<p>Follow the steps below to link your bank account to PayPal:</p>



<ol class="wp-block-list">
<li>Log in to your account.</li>



<li>Select “Wallet” on the top bar.</li>



<li>Click “Link a bank account,”</li>



<li>Enter your bank details.&nbsp;&nbsp;</li>



<li>Review your details and click “Link your bank” to confirm.</li>
</ol>



<p><a href="#TOC">Back to Table of contents</a></p>



<h2 class="wp-block-heading" id="9-how-to-transfer-from-paypal-to-a-philippine-bank-account">How to transfer from PayPal to a Philippine bank account</h2>



<p>To transfer your PayPal funds to your bank account, make sure your bank account is linked to your PayPal account. PayPal will charge P50 for every withdrawal that is less than PhP7,000. For withdrawals over PhP7,000, fees are waived.&nbsp;</p>



<p>The receiving bank may also charge a specific fee for your transaction. Processing takes between 1 to 5 business days.&nbsp; &nbsp; &nbsp; &nbsp;</p>



<p>Here are the steps to transfer your PayPal funds to your bank account:</p>



<ol class="wp-block-list">
<li>Log in to your account.</li>



<li>On the dashboard, click the “Transfer funds” button just below your PayPal balance.</li>



<li>Select the linked bank account to wish to move your funds. Click “Next.”</li>



<li>Type in the amount you want to withdraw and click “Next.”</li>



<li>Review the details you entered and click “Transfer” to confirm.</li>
</ol>



<p><a href="#TOC">Back to Table of contents</a></p>



<h2 class="wp-block-heading" id="10-how-to-transfer-from-paypal-to-other-e-wallets">How to Transfer from PayPal to other e-wallets</h2>



<p>You can conveniently transfer your funds from PayPal to other local <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/#eWallets">e-wallets</a> in the Philippines.&nbsp;</p>



<p>Before you can transfer, you need to link your PayPal account to your e-wallet account.&nbsp; &nbsp;&nbsp;</p>



<h3 class="wp-block-heading" id="11-how-to-transfer-from-paypal-to-gcash-send-money-from-paypal-to-gcash">How to transfer from PayPal to GCash (send money from PayPal to Gcash)</h3>



<p>One advantage of withdrawing your PayPal funds through <a href="https://www.brodneil.com/gcash/">GCash</a> is that it’s free. To transfer money from <a title="" class="aalmanual" target="_blank"   href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/">PayPal to GCash</a>, please see our article on&nbsp;<a href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/" target="_blank" rel="noreferrer noopener">How to Transfer Money from PayPal to GCash for Free</a>.</p>



<p>Currently, some users are reporting a minimal charge of $15 when transferring their PayPal balance to their GCash account, despite <a href="https://www.paypal.com/ph/webapps/mpp/gcash-easy-withdrawals" target="_blank" rel="noreferrer noopener">PayPal stating</a> there is no withdrawal fee.</p>



<p>Read more about it here: <a href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/">How to Transfer Money from PayPal to GCas</a><a href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/" target="_blank" rel="noreferrer noopener">h</a><a href="https://www.brodneil.com/transfer-money-from-paypal-to-gcash-for-free/"> for Free</a></p>



<h3 class="wp-block-heading" id="12-how-to-transfer-money-from-paypal-to-paymaya">How to transfer money from PayPal to Paymaya</h3>



<p>To transfer your money from PayPal to PayMaya, please read our post about&nbsp;<a href="https://www.brodneil.com/paymaya/#15-paypal-to-paymaya">PayMaya</a>.</p>



<p><a href="#TOC">Back to Table of contents</a></p>



<h2 class="wp-block-heading" id="13-how-much-is-the-paypal-minimum-transfer-amount">How much is the PayPal minimum transfer amount</h2>



<p>There is no minimum amount when you transfer from PayPal to another PayPal account. However, if you want to transfer funds from PayPal to your bank account or e-wallet, the minimum transfer amount is PhP500.&nbsp; &nbsp;&nbsp;</p>



<h2 class="wp-block-heading" id="14-how-to-get-cash-from-paypal-instantly">How to Get Cash from PayPal Instantly</h2>



<p>PayPal offers Instant Transfer, where you can move your money from PayPal to your bank account with a linked Visa debit card within minutes. The transfer goes with a 1% fee. If you do not have a Visa debit card, you can use the Standard transfer that takes 1 to 3 business days to process. The Standard transfer is free of charge.&nbsp; &nbsp; &nbsp;</p>



<p>You can also get your PayPal funds almost instantly by transferring your funds to your GCash account.&nbsp; &nbsp; &nbsp;</p>



<p><a href="#TOC">Back to Table of contents</a> &nbsp;</p>



<hr class="wp-block-separator has-text-color has-css-opacity has-background" style="background-color:#c7c7c7;color:#c7c7c7"/>



<h2 class="wp-block-heading" id="15-paypal-updates">PayPal Updates</h2>



<h3 class="wp-block-heading" id="16-paypal-launches-its-super-app">Paypal Launches Its &#8216;Super App&#8217;</h3>



<p>PayPal has been talking about its &#8220;super app&#8221; intentions for a while. They told their investors that its planned digital wallet and payments app had been given the green light to debut. The app&#8217;s initial version is already out. It includes various financial tools such as direct deposit, bill pay, a digital wallet, peer-to-peer payments, shopping facilities, crypto capabilities, and more. PayPal also announced a partnership with Synchrony Bank for PayPal Savings, a new high-yield savings account.</p>



<p class="has-text-color has-medium-font-size" style="color:#bb0000"><strong>Key takeaways:</strong></p>



<ul class="wp-block-list">
<li>Although PayPal does not intend to be a &#8220;bank,&#8221; the new app has appealing features for individuals considering switching their finances to neobanks. It will now allow two-day early access to paycheck Direct Deposits through PayPal&#8217;s bank partners, as well as bill pay and other features.</li>



<li>Getting paid sooner is one of the most appealing benefits for individuals considering digital banking apps over traditional banks.</li>



<li>PayPal Savings will offer high-yield savings account with a 0.40 percent annual percentage yield through a Synchrony Bank relationship (APY). PayPal believes that its high-yield service will compete based on the quality of its combined offerings rather than just the APY.</li>
</ul>



<p>Read more: <a href="https://techcrunch.com/2021/09/21/paypal-launches-its-super-app-combining-payments-savings-bill-pay-crypto-shopping-and-more/" target="_blank" rel="noreferrer noopener nofollow">https://techcrunch.com/2021/09/21/paypal-launches-its-super-app-combining-payments-savings-bill-pay-crypto-shopping-and-more/</a></p>



<p><a href="#TOC">Back to the Table of contents</a></p>



<p> </p>


PayPal Guide for Filipinos in the Philippines

Category: Compendium: eWallets

Wise.com: Low Rates and Wise Auto Conversion

GCash: All You Need to Know

How to Transfer Money from PayPal to GCash (It Is No longer Free!)

What Is Maya (Formerly Known as PayMaya) and How Does It Work

PayPal Guide for Filipinos in the Philippines