Timeline

In an effort to make money online I have done the following at the given dates.

10Aug2010 -- Open an EON account at a UnionBank branch

19Aug2010 -- Received a notification via mail about my new account in UnionBank
20Aug2010 -- Claimed my EON card, paid annual dues and deposited PhP1000 at a UnionBank branch
(I was asked to wait for 24 hrs (for the activation process) before I could change my PIN.)

22Aug2010 -- Changed the PIN for my ATM.
22Aug2010 -- Registered for a Cyber account using my EON account (online)
(I was asked to wait for 2-3 business days prior activation.)

22Aug2010 -- My first attempt to verify my PayPal account using my EON account
24Aug2010 -- (Today) I have note received any notice (approval or rejection) yet.

(Random Thought #1: All the waiting for activation and verification is a major deterrent.)

25Aug2010 -- Successfully activated my EON Cyber account and linked it to my PayPal account. Since I want to purchase something from eBay and pay via PayPal, I tried to add fund to my PayPal account. I got the disappointing message below.

(Random Thought #2: Is my attempt to be able to shop online using PayPal going down the drain?)

This post will be updated on further developments in my account.

How To "Withdraw" From Your Paypal Account Free of Charge in the Philippines

Take note of the quotation in"withdraw". By that, I mean covert your Paypal money to cash without going through the hassle of going to the bank and paying transaction fees of around $5 or PhP250.

First things first. I don't have an active Paypal account yet. So why the hell am I posting this? I don't know if anybody has thought of it but it would sure help people with and without Paypal.

I wanted to buy from an international seller. Of the payment options given by the seller, Paypal was the only option available for me. Since I don't have a Paypal account, I have to look for somebody trustworthy enough (trustworthiness: one important factor) who I can pay to make the payments on my behalf. Luckily I have a friend who has enough funds on his account. He made the payment and I paid him in peso using the current conversion rate. I sat beside him as he transferred the funds just to be sure.

It's a win-win situation. I get to buy stuff via Paypal without the hassle of having my own account and verifying it. My friend gets to convert his Paypal funds to cash without any fees!

I wonder why people haven't thought of this as a business. This could be an added service to internet shops, don't you think?