How to Transfer Paypal Balance to GCash in Philippines
Getting your earnings via Paypal can be both fun and frustrating at the same time. It always feels very fulfilling receiving revenue over the platform, but at some point we may very feel lost as to how we can make use of our Paypal earnings especially for us Filipinos wherein the use of Paypal can be limited. Thankfully, there is now a mobile app called "GCash" which we can use as an option to withdraw earnings from Paypal.
In this article, we will be learning as to what GCash is and how to make the transfer.
What is GCash?
To give you a brief idea, GCash is a service by Globe, one of the leading telecommunication network in the Philippines, which eventually evolved into an app. It's basically a digital wallet where you can transfer funds to peers and buy prepaid load.
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 to make the transfer. Now, I find this very useful because normally I needed to wait for my Paypal balance to reach P7,000 just so I can avoid the P50 bank transfer fee. With GCash, I can immediately do the transfer.
Another thing I noticed is that the transfer happens in real time. Typically, when withdrawing via a bank, it takes me a total of 5-7 days to receive my Paypal balance. With the app, the earnings gets transferred immediately.
Easy Steps to Transfer Paypal to GCash Wallet
To ensure smooth understanding of the procedures, I listed below the general outline on how to withdraw Paypal balance to your GCash wallet . Now, if by any chance, you are familiar with any of the steps, feel free to just skip any of them.
- Creating a GCash account
- Authorizing GCash to transfer balance from Paypal
- Transferring Paypal funds to GCash wallet
- Using GCash wallet to pay for your needs
Creating a GCash account
Okay, so the first and the most vital step is for you to have a GCash account. Now, if you don’t have any GCash account at the moment, you can download the app into your phone and register from there. Note, however, that you can only register via your mobile phone, since it redirects you automatically to either Google Play Store or Apple App Store.
The registration steps are very easy to follow. You just need to provide the usual basic information such as your name, occupation and address.
Authorizing GCash to transfer balance from Paypal
Once you already have your account, the next step is to authorize GCash to transact with Paypal on your behalf. There is a bulit-in feature inside the app where you can do this. All you need to do is to click on “My Account” then press “Paypal”.
The app will then ask you to input your Paypal email address. Upon tapping "Proceed", you will be redirected to the Paypal website within the app where you'll input your password. Tap on the “Authorize” button to confirm. After this, you’ll receive an email from Paypal for successfully authorizing GCash.
By this time, you are almost ready to have your Paypal balance transferred to your GCash wallet.
Now, if you are having difficulties following the procedures, you may want to check out the images below to assist you in this step. Just tap on the thumbnails to see the images.
Transferring Paypal funds to GCash wallet
We're almost there!
The next step is to tap “Cash In” and then “Paypal to GCash” where you enter the amount of any currency you want to transfer. Paypal then automatically converts the balance to PHP at its prevailing rate, and instantly transfers it to your GCash wallet.
Again, feel free to navigate through the photos below to assist you in transferring Paypal balance to your GCash wallet.
Using GCash wallet to pay for your needs
Since the crediting is done instantly, you can immediately use the funds to pay for your bills. You can do this by tapping onto the "Pay Bills" icon on the home screen and you can select from the list of merchants with whom you want toto transact with. Normally, you will find there a few Credit Card companies, utility companies (such as Meralco) and etc. There are also a handful of stores and restaurants within the country that are now accepting payment via GCash, so you can use it there as well.
Now, if it's really physical cash that you want, you can check out my other article here: How to Withdraw From Paypal to Your Bank Account
Now that you know that you can withdraw using GCash, will you be using this service for your Paypal balance moving forward?
If you have any problems, comments or suggestions regarding the topic, just feel free to drop some comments below, and I'll try to help you out the best way I can.
Questions & Answers
- Helpful 3
Can I transfer money from Taiwan to the Philippines using GCash?
It is possible but only if you have a GCash account which requires a Globe mobile number for registration. Once you have a GCash account you can forward the money you'll withdraw from Paypal.
© 2018 Renz Kristofer Cheng