One of the best banks in the Philippines when it comes to encashing PayPal funds is UnionBank. All you need is their EON card to get the ball rolling. Adding a bank account or card in your PayPal account is very easy. Just log in to your account and find the tab on the left side of the page that says "Add a bank account or card". Just hit that button and you are good to go. Fill all the necessary details about your account or card.
After successfully adding your EON card, you will be asked to "confirm" your card. This is a security measure to ensure that you really own the card. Confirming your card also removes your withdrawal limit.
Here are the steps you need to follow on how to confirm your UnionBank EON card on PayPal:
1. Log in to your PayPal account.
2. Go to the banks and cards section and hit the "Confirm card" button.
3. The prompt window will tell you that a confirmation code has been sent to your card statement. This confirmation code arrives in your card statement within 2 to 5 days.
4. Log in to your EON Cyber Account.
5. Go to "Accounts".
6. Hover your mouse pointer over the "customer ID" under the Deposit Accounts List".
7. Click on "View Last 10 Transactions" or "View Transaction History".
8. Find the transaction with the following format: "VISA-PP*1575CODE".
9. Copy the four-digit number that precedes "CODE". In the above example, the confirmation code would be 1575.
10. Log in to your PayPal account.
11. Go to your cards section and hit the "Confirm card" button.
12. Enter the confirmation code.
13. That's it.
A very important note: Make sure that you have at least 300 pesos in your card before you have it confirmed. This is because PayPal will make a charge of around 200 pesos from your card for verification and security purposes. Needless to say, if PayPal can't make a charge on your card, then you won't receive a confirmation code. So put at least 300 pesos on your EON card before you proceed with the confirmation process.
Well, you can always request for a new code. Just do the same steps pointed above. Below is the prompt window that appears when you ask for a new confirmation code.
"You can remove limits on your account by confirming that you own this card. Select OK below to get a new confirmation code. You should receive it in 1-2 days. After you receive the new code, follow these steps:
1. We'll make a small charge to your card.
2. Check your card statement in a day or two for the 4-digit code associated with the charge.
3. Log in to PayPal, go to your Wallet and confirm the card by entering the 4-digits code. The charges will be refunded to your card.
If you can't check your statement online, look for the charge when it arrives in the mail and follow the same steps. Thank you!"
