Friday, February 24, 2017

How to Withdraw Paypal to Gcash


Withdrawing PayPal funds to a GCash Mastercard is one of the most preferred methods used by Filipino PayPal users – this is because transferring PayPal money to GCash is free and instant

The withdrawn money would reflect on the GCash account seconds after it has been processed from PayPal. Aside from no transaction fee, the user would also be able to withdraw the money from any accredited ATM machine.

Due to its convenience and easy to set up, many Filipino PayPal users has been attracted to use this method in converting their online PayPal funds to actual Philippine peso money via ATM withdrawal using their GCash Mastercard (The following photo is the SMS notification sent by GCash stating that I have just withdrawn GCash money from an ATM machine)


This post will contain step-by-step process in guiding the user on how to transfer their PayPal funds to GCash via the Cash-In option. But before moving on, this post will assume the following:
  • You already have a verified PayPal account
  • Your GCash account is activated or KYC validated
  • You already have a GCash Mastercard
In case you are lacking any of the listed items above, don't worry as this post (How to Verify and Link Paypal Account Using GCash Mastercard) covers how to accomplish and complete all of the three mentioned requirements.

Once all the requirements are met, let's now go to the main topic of this Paypal to GCash guide – transferring PayPal money to GCash.


Withdrawing Paypal to GCash consist of two main steps:
  1. Linking the Paypal account to the GCash account via the mobile app
  2. Making Paypal as a cash-in source for GCash

Linking Paypal to GCash via the mobile app
This step basically means that GCash must recognize Paypal as a Cash In option to facilitate funds transfer. To do this, one simply needs to link the Paypal account via the GCash mobile app. After completing the linking process, Paypal can now be used as a cash-in opton (your money at Paypal will be used to fund GCash – hence withdrawing Paypal and storing it at GCash)



How to link PayPal to GCash for Cash In
The process is quite simple and straightforward. The step by step tutorial is listed below together with pictures for easy reference. 
  1. Download and install the GCash app (the GCash app can be downloaded for free at the Playstore)
  2. Launch the app wherein you are prompted to enter your GCash MPIN
  3. In the app’s main page, click the "Settings" button. This button is at the upper left corner represented by three horizontal lines
  4. Choose "My Accounts" then “Paypal”
  5. Enter your Paypal email address then press Next (usually, this is the same email address you use to log-in to your Paypal account)
  6. Paypal's Authorization Page comes next. Since you are still within the GCash secured app, don't worry about entering your credentials. After doing so, click Authorize
  7. A confirmation message will appear thanking you for linking your account. Press close and continue Aside from the notification message of the GCash app, Paypal will also notify you by email so be sure to also check your Paypal email inbox

 (Click on the photo to enlarge)

NOTE: after doing the process above, there are only two possible outcomes – Success and Failed.


SUCCESSFUL LINKING OF PAYPAL TO GCASH:
If the Paypal credentials you entered matches the one on your GCash account (full name and address), the GCash mobile app will deliver a successful linked account notification.  
Paypal would also send an email indicating that you have signed up on G-Xchange Inc.'s Pre-Approved Payments Plan.

FAILED LINKING OF PAYPAL TO GCASH:
If the linking failed, the email sent by Paypal will inform you that your Pre-Approved Payments Plan application has been cancelled.

The GCash mobile app will also return the following message when the linking process failed.

REMEMBER: If you skip or did not do this linking process, you will not be able to withdraw or transfer your PayPal funds to GCash.


Withdraw Paypal to GCash
This section will now detail the steps on how to withdraw PayPal funds to GCash. Once transferred, you may withdraw the money through any accredited ATM machine.
  1. If you skipped the previous section: download, install, and launch the GCash app
  2. Once logging to the app, tap at the Cash-In button.
  3. At the “Cash” In page choose Remittance then Paypal
  4. Here, you will see your available Paypal balance. Enter the amount you wish to transfer (FYI please that the minimum amount that can be transferred should be $10 or 500 pesos)
  5. Review the amount and currency before clicking on Next
  6. You will receive an app and SMS notification if your transaction was successful or not. The text message will come from 2882.
(Click on the photo to enlarge)

To verify that the PayPal money has been transferred to GCash, check your GCash and Paypal balance – the former must be incremented with the latter being decremented.

Finally, when the money is already in your GCash account, you can withdraw it from any accredited ATM machine.

That’s just about it. To recap, here are some of the things you need to withdraw your Paypal money to GCash:
  • Your GCash account must already be KYC validated, active, and working
  • Paypal account must be verified, active, working, and have funds on it
  • Both credentials must match
  • Link first your PayPal account to your GCash account
  • WithdrawingPayPal to GCash is free of charge and the transfer is instant

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