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?
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