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Convert and Transfer Money From PayPal to GCash
GCash is a virtual wallet in the Philippines that lets you pay for items, send money, buy load and even pay your bills using your phone anytime, anywhere. GCash App is an online service of Globe Telecom, one of the two major telecom companies in the country. The service has made financial transactions for over 20 million registered users. One of its major services today is transferring money to GCash from your bank account and even your PayPal account.
PayPal is one of the biggest and most reliable online payment systems in the world. It lets you pay and be paid locally and internationally. Like me, I rely on PayPal to handle payments sent to me abroad. But because Paypal Mastercard is still not available in the Philippines, Filipinos like me still need to find other ways to withdraw funds from PayPal. This is where GCash can really come in handy.
In this article, let me walk you through how you can convert and transfer money from your PayPal account to your GCash App in a few very easy steps.
You don't have a GCash account yet? You can simply click here to register to make the most of all their services whenever and wherever you are in the Philippines and even earn 50php upon registration.
Convert Dollars to Pesos on PayPal
My PayPal balance is in US dollars. Because of the latest update, we should first convert our funds to the Philippine peso before we can transfer our PayPal balance to GCash. Here are five easy steps on how to convert foreign currency to our local currency on PayPal using your phone.
Using your browser, go to paypal.com and login to your account.
The amount on the bigger font is just your balance in your preferred currency and have not necessarily been converted. You can check how much you have in peso or in dollar on the PHP/USD section. Then click "More."
Find the three dots next to your dollar balance and then click "Convert Currency."
Enter the amount you want to convert. Note that PayPal charges a conversion fee of 2.5% which makes the conversion slightly lower than the current exchange rate. You can then proceed to tap "Next."
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Check the amount and the currency you want to convert one more time and then tap the "Convert" button.
You have now successfully converted your dollar balance to philippine peso. You can now start to transfer money from PayPal to your GCash App.
Transfer PayPal Funds to Your GCash Balance
After you have successfully converted your funds to philippine peso, you are now ready to transfer them to your GCash balance. Let me show how easy it is in five easy steps.
Open the GCash App and enter your MPIN to log in to your account.
Tap "Cash In" from the services menu or tap the "+" sign next to your GCash balance.
Tap the "Remittance" Category and select "PayPal" under Payment Partners. If you have not yet authorized your GCash account to cash in using PayPal, you can do so by providing the email address you use for PayPal. It will then be lead you to the PayPal website where you will log in. You will then be asked to authorize your GCash account to be linked to your PayPal account. Click "Authorize" to submit.
After authorization, you can now enter the amount you want to transfer from PayPal to GCash. You can also see how much balance you have on your PayPal account. Note that you can transfer a minimum of 500 pesos.
Tap "Confirm" to finalize the transfer.
You did it! You can now wait for a few minutes, in some cases, up to 24 hours for the money to reflect on your balance. You will receive a text notification and an email from PayPal as soon as the transfer has been successfully processed. You can now use your GCash Mastercard to withdraw your funds from PayPal or you can use it for other services including bill payments, online shopping and many more using the GCash app.
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This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
© 2019 ThatWallflowerJen