Paypal
Paypal is a form of cashless transaction that is most accepted by most websites as a form of payment. Here in the Philippines, I believe it can be compared to Globe’s Gcash. Both parties must have a paypal account in order for you to send out money to each other. Honestly, I still don’t know much about it. But I was able to apply for an account. No need to apply for some online colleges to get it.
In order for you to apply for one though, you need to have a credit card. I believe it would have to be a Mastercard or a Visa. Since I was already able to acquire a visa electron thru Unionbank EON account, all I had to do was set my paypal up and link these two together.
At the paypal site, it will ask you to add your credit card to your account because you need to verify your information first. You just have to fill your credit card information to add that account. Afterwards, you need to activate your paypal account. This is done by entering an Expanded Usage number wherein they will charge you a $1.95 fee. Since I didn’t use a credit card, I made sure I had some funds in my Unionbank account in order to have sufficient money for deduction.
After they are able to process it, you need to check your credit card statement for an Expanded Usage number which is what you need to type back in your paypal. But since I don’t receive statements from Unionbank, what I did is log in to their site and log in to the EON cyber account page. I emailed them and got a response with the expanded usage number in their message. You just have to enter that number in the field in paypal and voila! You’re account is verified!
Note: Please do contact your bank, because before I kept on clicking the button in paypal to send me the expanded usage number thru Unionbank. What happened is every time I mailed Unionbank for the number, paypal kept saying that the number has expired already. On the third attempt, I was able to go through the process; that and I was charged thrice instead of once. Sheesh.
