Home > Money Matters > I Just Received my First Ever PayPal Payments

I Just Received my First Ever PayPal Payments

Posted by : Dexter Panganiban on January 26, 2008 | ; Filed Under Money Matters

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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Interesting Comments

12 Responses to “I Just Received my First Ever PayPal Payments”

  1. 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


  2. 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


  3. Dexter on January 27th, 2008 7:47 am

    @ derek

    Your welcome check for future updates about bank codes.

    Reply


  4. 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


  5. nimrodjo on January 27th, 2008 8:36 pm

    Bloggers do make money online…congrats…

    Reply


  6. 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


  7. 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


  8. Dexter on January 28th, 2008 10:31 am

    @ balidreamhome

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

    Reply


  9. 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


  10. Dexter on January 28th, 2008 7:13 pm

    @ Mikko

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

    Reply


  11. Amy on January 29th, 2008 4:28 am

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

    Reply


  12. 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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