ITWh6WaJbClE2JMpEXBzKkBXDQo It's Your Choice 101: August 2011

How To Transfer Funds From PayPal To GCASH

Through GCASH Online

GCASH Online allows US-based PayPal account holders to remit funds to the Philippines in a more secure, convenient and affordable way. Remittance is automatically credited to the GCASH wallet of the receiving party, who has the option to cash out the remittance at any of the 18,000 GCASH outlets nationwide or to use the funds to buy load, pay bills or make purchases from online or retail merchants.

How To Send Money VIA GCASH Online:

How do I Send Money using GCASH in GCASH Online?

Just follow the 3 SIMPLE steps below to send money to others via GCASH in GCASH Online:

STEP 1: In the "Send Money Via GCASH" page, enter your 11-digit GCASH registered Globe or TM mobile number and your GCASH MPIN 

STEP 2: Enter your recipient's 11-digit GCASH registered Globe or TM mobile number and the amount you wish to send.

STEP 3: Confirm the transaction. Upon confirmation, money is sent to the GCASH wallet of your recipient.

You're done! You and your recipient will get a SMS notification upon successful money transfer.

How do I Send Money using a US-based PayPal account through GCASH Online? Just follow the 3 SIMPLE steps below to send money to others using your US-based PayPal account through GCASH Online:

STEP 1: Enter your recipient's 11-Digit GCASH registered Globe or TM mobile number and the amount you wish to send. Click on the PayPal Checkout button to submit your transaction.

STEP 2: You will be redirected to the PayPal page. Log-on using your PayPal email address and password. Review the transaction details and validate the transaction.

STEP 3: You will be redirected to the GCASH Online page. Click "confirm" to complete the transaction. Upon confirmation, money is sent to the GCASH wallet of your recipient.

You're done! Your recipient will get a SMS notification upon successful money transfer.


Online Security Advisory

UnionBank Online Security Advisory

Dear UnionBank Client,

As an Internet user, you should know about phishing emails. They can appear to be from a well-known company but may put you at risk.

A phishing email generally asks you to click a link in the email and provide, update or confirm sensitive personal information. It may refer to a supposedly urgent or threatening condition concerning your account. Please note that UnionBank will never send you an email asking for your personal information. You should NOT respond to such email or reveal your PIN or PASSWORD to anyone. Also, Do NOT visit the phishing site, as it is likely to contain a virus or otherwise compromise your confidential information.

For questions about phishing, suspicious emails, or concerns on the security of your account, please call our 24-hour Customer Support at 8418600. For more information on keeping your UnionBank online transactions fraud free, visit the Safe Surfing Guidelines at

How To Apply For Globe Gcash Card

What is GCASH?

GCASH empowers you to send and receive money, buy prepaid load, pay bills, and do a lot of other money-related transactions, anytime, anywhere with just 1 text message from any Globe or TM cellphone.

I got my Globe Gcash Card now, and it took 2 weeks to arrived. Gcash Card is active and ready for use. Get your customized Gcash Card now. Please ensure that you have at least P100 worth of Gcash in your account for smooth and hassle-free application.

Gcash Card Application:

1. How can I apply for a Globe Gcash Card?
To apply for the Gcash Card, visit or go to this link 
2. How much does the card cost?
The cost of the GCASH Card will be PHP 100.
3. Can I apply for several cards under the same mobile no.?
4. How will I receive the card I applied for?
The GCASH Card will be delivered to the address provided upon registration.
5. How can I follow-up on my application?
Upon completion of the application process, the application page screen will prompt you with your application number. Keep this as a reference of your transaction. They can send an email to and will reply ASAP after 2 weeks of non receipt of the card. GXI team will reply within 24 hours.

Card Design/Customization:

1.Can I personally design my own card?
Yes by uploading your desired picture or image upon registration via portal. We will not crop or edit pictures. It will be printed on the card based on its best-fit on card.
2. Can I still change the picture I submitted?

No. All information submitted upon completion of the application process is final.
3. What is the minimum and maximum size of the picture?
The maximum size of the picture for full customization should not exceed more than 600kb for the ID pictures. However, please note that the quality of the print will depend on the quality of the picture you submitted.

Card Features:

1. What are the benefits of the GCASH Card?
Gcash Card allows you to withdraw your GCASH from any of the 9,000 ATMs nationwide. It also serves as a VALID ID.
2. Can I use my Gcash Card in ANY ATM?
Yes. You can use your GCASH Card across all ATMs, Megalink, Bancnet, Expressnet, Encash etc. in the Philippines.
3. How much will I be charged everytime I withdraw using my Gcash Card?You will be charged P20 for every withdrawal from your Gcash Card regardless of the amount.
4. Could the customer use the Gcash Card as a valid ID?
No but this can be used or presented when doing a regular CASH IN or CASH OUT to our local partners including the business centers.

How To Apply For Smart Money Card

Apply for a Smart Money MasterCard in 3 easy steps

I recently got my Smart Money Card, Smart money is an electronic wallet, similar to a bank account, that allows you to do money transfers, bills payment, and reload of airtime, but using the SMART Mobile Phone. With the SMART Money MasterCard Card, you can also do ATM and debit card transactions.

First, you need to get your 16-digit Smart Money Account number

1. Download your Smart Money account number

Here's how to download your Smart Money Account Number:

Option 1:
Text MONEY to 343.
Enter desired W-PIN (6-digits).
Re-enter W-PIN, press OK.
Choose ‘Get Account’ press OK Select BDO
Wait for the text message confirming the transaction and displaying your SMART Money Card number.

Option 2:
Go to the SMART MENU and select SMART MONEY.
Choose any transaction.
Follow steps 2 to 6 above.

Note: This transaction is free of charge but the subscriber should have at least Php1.00 airtime left.

2. Click on Sign Up button found on this page. This will bring you to the application form. Provide the details requested, including your 16-digit Smart Money Account Number.

Accomplish the form and click on the ‘Activate’ button.

3. Wait for a call from our representative for validation prior to Smart Money MasterCard issuance. The representative will arrange for you to pick-up your Smart Money Card at your preferred Smart Store location.

Upon pick-up at your chosen Smart Store, submit one valid photo ID and pay one time processing fee of P120.

Withdraw PayPal Funds To Your Bank Account

Procedure for Withdrawing Payments from your Paypal Balance to your UnionBank bank account

1. Once the payment has reflected in your Paypal balance, you can transfer the funds to your UnionBank bank account by using the "Withdraw to Bank Account" feature. You will need your UnionBank account number (12 digits) and the UnionBank bank code (010419995).

2. The transfer to your UnionBank bank account will be completed within 2 to 4 banking days from the date of your withdrawal request. A status report of your withdrawal request is reflected in your Account Overview screen. There is a P50 charge for withdrawals P6,999 and below. Withdrawals P7,000 and above will not be charged a fee.

3. Your funds will be converted to the peso equivalent using the VISA Exchange rate for the day of the withdrawal request.

Step1: Login to your Paypal account Click” My account” tab and then “Withdraw” sub tab

Step2: Select the “Withdraw funds to your bank account option” -See fees involved-

Step 3: Select the bank account and amount to withdraw

Step4: Confirm the transfer

This withdrawal will take 2-4 business days, depending on your bank's policies and holiday schedule.

Note: If your bank information is incorrect, your withdrawal will be returned and a fee will be charged. See the fees table. Additional bank fees may apply. Please contact your bank directly regarding additional fees.

PayPal Upcoming Policy Updates

Amendment to the PayPal Fees Policy:
Effective Date: Sep 24, 2011

This page informs users in advance of important changes to the PayPal service, its User Agreement, or other policies. This page displays policy updates with future effective dates. Go to “Past Policy Updates” for previous policy updates.

PayPal recently posted a new Policy Update. You can view this Policy Update by logging in to your PayPal account. And enter your member log in information. Once you are logged in, look at the Notifications section on the top right side of the page for the latest  and complete Policy Updates.

Protect Yourself Online Buying and Selling on The Web

Taking cue from the diverse experiences of scamming victims and tips form website operators, there are multiple ways to  prevent you from falling into fraudulent transactions. Here are some of them:

Photo: Getty

1. Never Pay in Advance.
The seller may give various reasons on why they need the money in advance, but you have to be firm with your policy of paying upon delivery of the product. Should they insist on their payment terms, walk away and look for a reasonable deal.

2. Look At Warning Signs During Negotiation.
Negotiation is an integral part of dealing with buyers and sellers. If the other party agrees to one-sided agreements like 50-percent down payment prior to delivery and shipping and other terms that would be grossly disadvantageous and risky, it's usually an indication that the scammer is interested in getting a smaller reward to escape the risk of detection.

3. If The Price Is Too Good To Be True, It Probably Is.
The fairly common scam lures eager buyers who fall for below-market prices for goods sold. Buyers are then easily convinced to pay the amount in full via payment facilities like Smart Money and GCash only to find out that the sellers have disappeared with the cash deposit. In these situations. it pays to check the profile of the seller and if possible, retrieve feedback on past history.

4. Distance Matters.
Although it is actually possible to have a seller live miles away, it is often an excuse for the scammer to facilitate alternative means of payment like bank deposits and mobile payments, that do not make use of any tracking facility, much less receipts. As a rule, always buy items from someone withing your immediate vicinity and make arrangements for cash-on-delivery payments. This applies to both buyers and sellers.

5. Some Sleuthing Pays Off.
It is easy to assume a different identity online and all it takes is a little bit of Googling to find out more about the authenticity of the buyers identity. Buyers and sellers should be wary of notorious usernames, modus operandi and bogus identities mentioned in countless grievances aired by scam victims online. Likewise, if the information provided at last listing website is not consistent with the search results, alarm bells should sound. It is important for users of online listing and auction communities to be aware of potential risks of online transactions. However, these practical steps shouldn't deter users from enjoying the online shopping experience.-JC Medina 

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There’s a totally FREE Standard Membership, or a super-value discount on their V.I.P. Membership with annual or lifetime access. You can check out all the details to see what’s best for you

P.S. You can also register at NO cost for a Standard Membership that just lets you read books online in any Internet Browser and download up to 5 ebooks in PDF format every month.

Smart Investing Some Tips

Being well-informed increase your chances of gaining profit.
By: Francisco Colayco

The first rule of successful investing: Avoid losing. The second rule: Do not lose. The third rule: Go back to rule number one. But how do you make sure you do not lose?

All investment have the potential to make or lose money. You just need to carefully study how to increase your chances of making money and decrease or even prevent incurring losses. You worked hard to earn your money;work harder to keep it. Some tips:

1. Do not be blinded by big earnings and instant wealth:
In fact, some investments are really meant to lose in the beginning before they start making money. However, there are also some investments that may not be able to recover from the initial loss. You have to understand the principles behind the business before investing.

2. Investing is not like betting on a horse race:
You don't have to pick the fastest. Choose "horses" that consistently finish the race in the top half of the lot. Get good information as to the track record of the business you are investing in, or the history of the company you are interested in.

3. Investing is a long-term commitment:
Be prepared to keep your money invested for at least five years. More importantly, in order to manage risk and stabilize earnings or gains, you should invest regularly.

4. Expect to lose at some point or another:
Be prepared to handle that loss. IF you plan well, your loss will only be temporary and you can recover quickly, or at worst, over a reasonable amount to time. This also means that you can identify the causes of your loss because you can compare what you had planned to do against what you actually did do, and what happened as a result.

5. Recover your losses:
By losing one peso, you end up with one less peso you can invest or use. You first need to recover that lost peso to bring you to "no loss, no gain." Then you will need to earn another peso in order to have money to invest again. In short, losing one peso means you will need to earn two pesos just to get back to where you started.

Stocks are the most volatile securities you can invest in,and this is why investing in stocks must be more long term. The longer your investment time horizon, the lower the risk and, potentially, the higher return. The stock market is bullish now but it could dive down just as fast. Thus, stock investments should be limited to the better companies that you can hold on to on matter how the market moves. Going in and out of the martin in short periods (week or moths) is not investing. It's trading.

I prefer to advise most savers to invest in mutual funds or unit investment trust funds (UITFs). If your personal financial plan, depending on your age and goals, will allow you to invest in equities, then equity mutual funds are a good option. However, you should choose the better-managed funds. Diversifying into fixed income and balanced funds is also a good strategy to spread your risk.

Managers of the better mutual funds and UITFs know how to ride with the ups and downs of the market. This is why you can stay invested in a mutual fund or UITF for at least three to five years. There's no need to time your buying and selling like you would if you were buying directly into specific stocks.

A couple reminders when investing in mutual funds and UITFs:

1. Buy shares with a fixed budget on a regular basis, whether the market is up or down. When the market is up, buy fewer shares. When it is down, you will be able to buy more shares for the same amount. In fact, during a downtrend, you may even increase the amounts of investment. This will give you a good low average cost per share.

2. Set your own target annual rate of return. For example, if your target is to earn 15 percent per annum, you can sell during the time when the market price of your accumulated shares already provides you this yield. Note that it is not only the price that is important, it is also the number of shares that you have accumulated that will give you the gains you have set as your goal.

What Is EON Visa Debit Card?

The EON Visa Debit Card is UnionBank's internet-based deposit account. It allows you to do absolutely all your banking transactions in a click of a mouse. You can even make electronic fund transfers to any bank in the country -- anytime, anywhere!

The EON Visa Debit Card is able to provide you with cutting edge features never before possible in the history of Philippine banking.

With your EON, it is easier to:

* Pay your bills online
* Access your account online, 24/7
* Withdraw at VISA PLUS ATMs worldwide
* Withdraw at any VISA PLUS ATM Worldwide
* Link to your PayPal account

PayPal Exchange Rate

PayPal Currency Exchange Rate As Of January 12, 2012

Currency exchange for:

Currency Rate
1 U.S.Dollar 0.946478  AUD
1 U.S.Dollar 0.635817  GBP
1 U.S.Dollar0.993494 CAD
1 U.S.Dollar 1.22606  NZD
1 U.S.Dollar 1.25937  SGD
1 U.S.Dollar13.2975 MXN
1 U.S.Dollar7.56978  HKD
1 U.S.Dollar42.94  PHP

How To Get a PayPal Account?

How To Get a PayPal Account

It's easy to get a PayPal account. From the PayPal account registration page, select Personal or Business Account, then choose the country you live in. Next, on the PayPal Account Sign Up page, enter your information, then click Sign Up.

A PayPal Personal Account is the right choice if you're a buyer:

* Shop securely on merchant websites and eBay
* Make purchases with your credit card, debit card, or bank account
* Send money to friends, family, or anyone with an email address
* Receive money through bank account payments 

A PayPal Premier Account is the right choice if you're a buyer and a seller:

* Accept credit card, debit card, and bank account payments for low fees
* Use any of PayPal's tools (including Shopping Cart) for free
* Shop securely on merchant websites and eBay
* Make purchases with your credit card, debit card, or bank account
* Send money to friends, family, or anyone with an email address

Note: To sign up for a PayPal Premier Account, you must register for a Personal Account. During sign-up, you'll be asked if you want a Premier Account. 

A PayPal Business Account is the right choice if you're selling as a business: 

* Send and receive money as the name of your business
* Accept credit card, debit card, and bank account payments for low fees
* Use any of PayPal's tools (including Shopping Cart) for free
* Shop securely on merchant websites and eBay
* Make purchases with your credit card, debit card, or bank account
* Send money to friends, family, or anyone with an email address 

PayPal allows members to have one Personal account and one Premier or Business account. However, each PayPal account must contain a unique email address, bank account, and credit card.

To sign up or learn more, click here:

Philippines Paypal Bank Codes

Here are the list of bank code that you will need if you want to withdraw your PayPal funds into your bank account.

List Of PayPal Bank Codes In The Philippines 

Bank Name Bank Code
BANGKOK BANK  10670019
BANK OF CHINA  11140014
BANK OF TOKYO  10460012
CITIBANK N.A.  10070017
EAST WEST BANK  10620014
FUJI BANK  10640010

Happy surfing and online earnings!!!

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