Renz is a digital technology enthusiast. He devotes his time to studying how these platforms can help make things work for us.
Getting your earnings via PayPal can be both fun and frustrating at the same time. It always feels very fulfilling to receive revenue over the platform, but sometimes it can be difficult to make use of these earnings—especially for those of us in the Philippines, where the use of PayPal can be somewhat limited. Thankfully, there is now a mobile app called GCash that we can use to withdraw our earnings from PayPal and use them to make purchases, pay bills, and send money to others.
In this article, we will go over what GCash is and how to transfer your PayPal balance into your mobile wallet so you can use your money.
What Is GCash?
To give you a brief idea, GCash is a service by Globe (one of the leading telecommunication networks in the Philippines) that eventually evolved into an app. It's basically a digital wallet through which you can transfer funds to peers, pay bills, and buy prepaid loads.
The good thing about using GCash as a way to withdraw your PayPal balance is that they don't charge anything. Also, there is currently no minimum amount required to make a transfer. I find this very useful because I used to have to wait for my PayPal balance to reach P7,000 just so I could avoid the P50 bank-transfer fee. With GCash, I can do the transfer immediately for free.
Another thing I noticed is that the transfer happens in real time. Typically, when withdrawing via a bank, it takes me a total of five to seven days to receive my transfer from PayPal. With the GCash app, the earnings get transferred immediately.
4 Easy Steps to Transfer Your PayPal Balance to Your GCash Wallet
To ensure a smooth understanding of these procedures, I've provided general outline of the process below followed by a more detailed explanation of each step in the sections that follow. If you happen to already be familiar with any of the steps, feel free to skip over them and move on to the sections that are relevant to your specific situation.
- Create a GCash account.
- Link your PayPal account to your GCash wallet and authorize transfers.
- Transfer PayPal funds to your GCash wallet.
- Use your GCash wallet to pay for your needs.
1. Create a GCash Account
The first and most vital step is for you to create a GCash account. If you don’t have one already, you can download the app on your phone and register from there. Note that you can only register via your mobile phone since you will be redirected automatically to either the Google Play Store or the Apple App Store. The registration steps are very easy to follow. You just need to provide basic information like your name, occupation, and address.
2. Link Your PayPal Account to Your GCash Wallet and Authorize Transfers
Once you have set up your account, the next step is to authorize GCash to transact with PayPal on your behalf. There is a built-in feature in the app that allows you to do this. All you need to do is to click on My Account then select PayPal.
The app will then ask you to input your PayPal email address. Upon selecting Proceed, you will be redirected to the PayPal website within the app, where you'll input your PayPal password. Click on the Authorize button to confirm.
After this, you’ll receive an email from PayPal letting you know that you've successfully authorized transactions with GCash. You are now almost ready to transfer your PayPal balance to your GCash wallet. If you are having any difficulty following this procedure, check out the images above to assist you in this step. Tap on the thumbnails to toggle between the images.