I Just Received my First Ever PayPal Payments

Posted by : Dexter Panganiban | ; Filed Under Money Matters

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Today is a great day. You know why? I just confirm that my dollar transfer from PayPal to my Citibank VISA Credit Card has been completed. I have transferred a total of $175.

I have paid $5 to PayPal to do the transaction and actually it is completed in just a week. After verifying my account with the credit that they have charged my Citibank Credit Card I Immediately transfer the amount on my account.

I am glad to report that I have received the amount thru my Credit Card. What is surprising is the exchange rate is higher than expected. They have given me an exchange rate of PHP 41.85 to $ 1.00 . It is good since the prevailing rate in the market is almost PHP 40.8 only.

The only question that I still need to study is why there is a limit of withdrawal of about $500. Even I am verified user. I still have to check this out. Anyway I am not yet reaching $500 in my online transaction. Let see in the future.

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About the author

Dexter Panganiban : Dexter is a techie person that also blogs at his Personal Blog " Dexter Panganiban Site ", He is a Mechanical Engineer by Profession. He loves Search Engine Optimization and Making Money Online

Interesting Comments

One Response to “I Just Received my First Ever PayPal Payments”

James | PinoyMoneyTalk.com on January 26th, 2008 7:42 pm

Congrats on your withdrawal, Dex!

Fortunately next time, you won’t have to pay additional charges and hopefully won’t have to wait a long time to get your withdrawal now that PayPal has started offering direct transfer to Philippine bank accounts.

Reply
derek on January 26th, 2008 9:08 pm

wow. galing. iniisip ko na rin transfer yung sa akin. buti n lng nakita ko na pede na sa bank account, thanks for all the info

Reply
Dexter on January 27th, 2008 7:47 am

@ derek

Your welcome check for future updates about bank codes.

Reply
Dexter on January 27th, 2008 6:09 pm

@ James,

You are right.

BTW , Why is it that your comment always goes to the Akismet capture? Many times I have removed your comment in there.

Reply
nimrodjo on January 27th, 2008 8:36 pm

Bloggers do make money online…congrats…

Reply
Dexter on January 27th, 2008 10:38 pm

@ nimrodjo

Yeah it is, and I am just a part time blogger. What more would be the full time one

Reply
balidreamhome on January 28th, 2008 9:31 am

so do I, Indonesian blogger also can withdraw virtual money from paypal and being transfered to Credit Card account, mine is done few weeks a go.. cheers

Reply
Dexter on January 28th, 2008 10:31 am

@ balidreamhome

It is good to know that it works with you as well

Reply
Mikko on January 28th, 2008 12:11 pm

My limit is $5,000 I guess (verified premier member).

Now, my limit has been lowered back to $100.00 temporarily cause of some issues on my account. PayPal still hasn’t refunded me my $1.95 verification fee.

Reply
Dexter on January 28th, 2008 7:13 pm

@ Mikko

Maybe you would like to tell your story and give us a link here.

Reply
Amy on January 29th, 2008 4:28 am

wow congrats dex!!!!
ako naman i’m still waiting for my very first adsense payment.

Reply
Dexter on January 29th, 2008 9:28 am

@ Amy,

Siguro yung adsense cheque ko parating na rin .. medyo delayed yata ngayon.

Reply

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