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Tuesday, June 29, 2010

How To Link Your Paypal Account To Your BPI Account

Pin It Now! A lot of people are asking how do they link their BPI account to ther Paypal Account. So Here's the answer folks but before that let me tell you some things and please read carefully:

1. BPI doesn't have an official tie-up with Paypal so there's a corresponding charge for every transfer, If I'm not mistaken, they charge PHP150 and don't ever think of complaining because this is doing business.

2.You can only enroll your BPI Express Teller/ATM Savings account and not your passbook account.

3. It takes at least 3 days for the transfer to be completed so don't panic when you see in your paypal that the transaction was done and you still don't have the money in your account if it's within a 5 day period (excluding weekends because they are not considered as banking days and also USA is one day behind us so if they send it on a Thursday it's actually sent on a Friday at a local time so earliest estimate time of posting to your account would be on Wednesday late afternoon)

4. If it's past 5 days, ask for assistance and call the toll free 89100 for Metro Manila and 180018889100 for Provinces. Best time to call would be late in the evening just select "remittance" from the menu or dial 0- 0- 1 to talk to a phonebanker.

5.Last but not the least, YOU NEED A CREDIT CARD to enroll and NOT A DEBIT CARD (at least for those in the Philippines) Treatment of Debit Card varies here and abroad. Debit Cards are treated as Credit Cards Abroad but when you say Debit Card here, its features are limited. You can only use it for purchasing at the department store or grocery and not online unless they have tie-ups like Metrobank and Cebu Pacific.

So here's the Step

1. Go to Paypal's website

Choose Sign Up if you're not yet registered

2. Choose Personal3. Fill up the form until you come to this part. Please enter your CREDIT CARD and not your
ATM card number. It is better if you use your own Credit Card to avoid slow verification. When you're done, log in to your Paypal Account


4. From the Menu, Select Profile and from the drop down menu Select Add/Edit Bank Account




5. Add your bank Account. Type in "Bank of the Philippine Islands" on the Bank Name portion and the bank code would be 010040018. This is the tricky part. Usually, your BPI account number is at the back of the card above the signature panel, it's only ten digits but for this transaction you have to encode the 16-digit card number in front of your card. Don't worry about this-BPI knows what to do with that just make sure the Account Name matches the Account Number or else Paypal will charge PHP 250.00 plus you might not get your money on time. You'll be receiving a confirmation e-mail from PayPal after they verify your account number.


Before anyone would bombard me with questions how to enroll other Bank Accounts- I'm sorry to tell you- but I do not know. This is as far as I can tell you. I haven't tried using PayPal Online because I only buy thru Multiply from local sellers so I won't be able to answer any questions about purchases.I hope I was able to help anyone.

21 comments:

jen said...

thank you! this is very helpful!

Whizzer's Rose said...

ur welcome!

Pipirupiru said...

Aww...I wish a credit card wasn't needed *sigh*

Whizzer's Rose said...

you can try unionbbank's eon though, I don't know much about it- I heard it's like a prepaid credit card/debit card that you could use for papypal registration.

gluttonpea said...

nice music... also thanks for the info... I'm helpless...

gluttonpea said...

no credit card i'm still helpless but anyways nice music...

Whizzer's Rose said...

u can try the union bank eon- it's like a prepaid credit card.

Rose said...

So I really need a credit card? :( Can't I just use my BPI ATM Card since I don't have any credit card. Please help me. I really need to have my paypal account activated. Nice music!

Rose said...

Do I really need to have a credit card? Can't I just use my BPI atm? Please help me. I really need to have my paypal activated.

Whizzer's Rose said...
This comment has been removed by the author.
Whizzer's Rose said...

You cannot use your bpi atm for activation because it's not a credit card nor a debit card( FYI in the phils we call a card debit card because we can use it while purchasing at stores but unlike US issued debit cards, these can't be used for PayPal as I've explained). If you are from GMMA you can get their new prepaid credit card or get Union Bank'd EON. check this link out for more on the BPI Prepaid Credit Card http://misstinapie.blogspot.com/2011/12/first-hand-experience-bpi-e-prepaid.html#!/2011/12/first-hand-experience-bpi-e-prepaid.html

McKoy said...

Very informative!!!very nice.Thanks!

Anonymous said...

thank you for the information! :)

Tanduay_Ice_Babe_Addict said...

Hi!
Do you have a tutorial in withdrawing Paypal to BPI? Done it before? if yes, what BRSTN / BANK CODE should be use? Is it 10040018 or 021000021?
Thanks :)

Whizzer's Rose said...

never tried to withdraw from paypal-just used it for shopping. try this link http://thefreelancepinoy.com/getting-paid/how-to-withdraw-your-earnings-from-paypal-to-bpi -there's an instruction plus screen grabs on how to withdraw. Do not use the brstn but youse the bank code 010040018 -brstn is only for checks in the phils.

Whizzer's Rose said...

http://thefreelancepinoy.com/getting-paid/how-to-withdraw-your-earnings-from-paypal-to-bpi

Megan Delos Reyes said...

Hi Whizzer's Rose,

Please confirm if my understanding to your procedures to connect BPI ATM Card to PayPal,
You need to register first a valid Credit Card
Then once it was approved by PayPal
You will add your BPI ATM Debit Card
So you now have 2 cards registered in PayPal
During payment online, can I choose from the 2 cards what to use
????

Thanks,
Megan

Whizzer's Rose said...
This comment has been removed by the author.
Whizzer's Rose said...

hi megan-u are correct that u need a valid credit card (bpi also jas eprepaid cards like visa and mastercard) to register with paypal. if you are going to receive money from someone thru paypal this is where ur bpi account comes in... you will have to enroll ur bpi acct (as in bpi atm) to receive funds however if ur intention is only to buy stuff online then u do not need to link ur bpi atm. U would only need to use ur credit card to buy online.

September 4, 2015 at 10:43 PM Delete

Rojer Endiafe said...

Could I link my easy savers account to paypayl? I have one but I find it hard verifying my paypal account. :(

Emma Bryant said...

Has anyone used Auction Essistance for PayPal services?