Monday, May 30, 2011

Using Unionbank’s EON Card to Verify and Withdraw Money from PayPal



Unionbank’s EON card is the best way to withdraw money from PayPal because it is the only bank in the Philippines that is linked to PayPal. Read more info here.

Moreover, one good thing about EON is that, there is no minimum maintaining balance requirement. However, to open an account, you have to pay P350. To get your EON card, you may apply online through visiting the Unionbank’s website.

Now, when you have your card and ready to link it to PayPal, here are the next steps to take.

Do not confuse the numbers that appear on your card. Take note of the following information:



a. The bigger number in the middle of your card is the card number.
b. The one below your name is your bank account number.

The ACCOUNT NUMBER is the one that you need to verify your account in PayPal.

Be sure to deposit at least P300 pesos in you EON account because PayPal will take away $1.95 for the verification process. After successful verification, your $1.95 will be returned to you.

1. Log in to your PayPal account.
2. Click the Profile and choose Add a debit/credit card.
3. Be sure that the details that you will enter in the fields are the same as indicated in your Unionbank EON account.
4. Log-in to your Unionbank EON account and check your transaction history.
5. Look for the Visa Expanded use charge and get the 4 digit number that you can see following the word “VISA.”
6. Once you have the 4 digits, go back to your PayPal account, just under the welcome message with your name, you will see the GET VERIFIED link. Click it and then enter the 4 digit number in the designated field.
7. Go back to your home page and see if the status under your name was changed to VERIFIED.



How to Activate your EON for Withdrawal

1. Log-in to PayPal account.
2. Under the Profile tab, choose Add Bank accounthttp://www.blogger.com/img/blank.gif
3. Key in your bank account details.
4. Click continue and then confirm that all the details are correct.



For the bank code, here is the official list of BRSTN codes use in PayPal. If you want to add another bank, refer to the list and look for the assigned code for the bank that you would like to add.

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