Sending Money from PayPal to GCash: Complete Guide
In today’s digital era, sending money between countries has become increasingly easier. PayPal and GCash are two examples of services that allow you to send and receive money online. However, if you have money in your PayPal account and want to send it to your GCash account, then you need to take a few steps. Here is a complete guide on how to send money from PayPal to GCash.
What is PayPal?
PayPal is an online payment service that allows you to send and receive money digitally. With PayPal, you can make transactions easily and securely without having to enter your credit or debit card information every time you make a transaction.
What is GCash?
GCash is an online payment service developed by Globe Telecom, a telecommunications company in the Philippines. GCash allows you to make transactions online, such as paying bills, buying goods, and sending money to other people.
How to Send Money from PayPal to GCash?
Here are the steps you need to take to send money from PayPal to GCash:
- Open your PayPal Account : First of all, you need to open your PayPal account and log in.
- Select the “Send Money” Option : Once you have logged in, select the “Send Money” option in the main menu.
- Enter the Recipient’s Email Address or Phone Number : Enter the email address or phone number of the recipient you want to send money to on their GCash.
- Select Payment Method : Select the payment method you want to use, namely PayPal Balance or debit/credit card.
- Enter the amount of money you want to send : Enter the amount of money you want to send to GCash.
- Transaction Confirmation : Confirm your transaction by entering the verification code sent to your email address or telephone number.
- Wait for the Verification Process : Wait for the verification process carried out by PayPal and GCash.
Transaction Fees
Transaction fees for sending money from PayPal to GCash vary depending on the payment method and the amount of money sent. Here are examples of transaction fees you may face:
- PayPal transaction fee: 0.3% of the amount of money sent + IDR 2,000
- GCash transaction fee: 0.5% of the amount sent + IDR 1,000
Processing Time
The transaction processing time from PayPal to GCash usually takes a few minutes to a few hours. However, processing time may vary depending on PayPal and GCash policies.
Tips and Suggestions
Here are some tips and suggestions that can help you in sending money from PayPal to GCash:
- Make sure you have sufficient balance in your PayPal account before making a transaction.
- Check transaction fees before making a transaction to avoid unwanted additional fees.
- Use the cheapest and most efficient payment method to save on transaction costs.
- Make sure you have an active email address or telephone number to receive verification codes and transaction notifications.
Conclusion
Sending money from PayPal to GCash can be done easily and safely by following the steps explained above. However, keep in mind that transaction fees and processing times may vary depending on PayPal and GCash policies. Make sure you have sufficient balance and choose the cheapest and most efficient payment method to save on transaction fees.
