If you have a PayPal funds and have no idea how to withdraw it because you have no bank account, there is an easy way now how to convert that funds into cash.
GCASH is a good alternative if you have no bank account. Transferring your funds from Paypal to GCASH happens in realtime. Then you have a few options to cash out that money to money remittance companies like Villarica Pawnshop, Tambunting, and RD Pawnshop.
You can also claim it from Puregold, Bayad Center, Expresspay, SM, and Robinsons Mall. GCASH Mastercard is available for only 150 pesos.
You can also transfer your funds to almost all types of bank account even though that bank account doesn’t really belong to your name. You may use your mom’s bank account and withdraw your money there.
Bank transfer also happens in realtime. This means, in less than 5 minutes you can convert your Paypal funds into cold cash.
Aside from seamless money transfer from PayPal to cold cash, GCASH has a lot of payment solutions for every Filipino.
You can also pay your credit card bills, water bills, broadband, cable bills, tuition fees, insurance, etc. You can also purchase a prepaid load with 5% rebate. They also have a trust fund where you can invest money online.
Note: This tutorial is made with paypal and gcash are both verified accounts. Paypal and gcash are also linked to each other. There might some limitations if paypal or gcash are not yet verified and not yet linked.