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withdrawn GCash money from an ATM machine)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
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:
- Linking the Paypal account to the GCash account via the mobile app
- 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. - Download and install the GCash app (the GCash app can be downloaded for free at the Playstore)
- Launch the app wherein you are prompted to enter your GCash MPIN
- In the app’s main page, click the "Settings" button. This button is at the upper left corner represented by three horizontal lines
- Choose "My Accounts" then “Paypal”
- Enter your Paypal email address then press Next (usually, this is the same email address you use to log-in to your Paypal account)
- 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
- 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)
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.
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.- If you skipped the previous section: download, install, and launch the GCash app
- Once logging to the app, tap at the Cash-In button.
- At the “Cash” In page choose Remittance then Paypal
- 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)
- Review the amount and currency before clicking on Next
- You will receive an app and SMS notification if your transaction was successful or not. The text message will come from 2882.
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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