PayPal Balance to GCash

How to Transfer a PayPal Balance to GCash in the Philippines

How to Transfer a PayPal Balance to GCash in the Philippines.

How to Transfer a PayPal Balance to GCash in the Philippines: It is important to have cash, whenever and wherever. That’s why PayPal has worked with GCash to make it more convenient to withdraw your available PayPal balance. You can cash out at over 20,000 BancNet ATMs in the Philippines.

PayPal Balance to GCash

PayPal and How It Works

PayPal is the online wallet service of an American financial institution registered in the United States and several countries.

The company is also registered in other countries including Canada, Luxembourg, Singapore, Spain, and the United Kingdom.

It serves a global marketplace and is by far the biggest internet wallet service.

PayPal has become a widely accepted method of payment both online and off. The idea is simple: Give people the ability to accept payment online quickly and securely without having to use a credit card.

Although PayPal has occasionally had trouble with fraud, lawsuits, and zealous government regulators, the company now boasts over 277 million active accounts.

PayPal’s core business is an online payment service that allows individuals and businesses to transfer funds electronically. Here are some of the things you might use PayPal for.

PayPal Balance to GCash

Requirements to Open a PayPal Account;

  • A valid first name
  • A valid last name
  • Your street address
  • Preferably by PayPal, a valid credit card and
  • A valid bank account will ensure the good standing of your account.
  • If you proceed with high-volume of transactions you may be asked to link your CC or Bank, or even asked for identity proof.
  • Depends on what/where you are spending your money.

GCash and How It Works

In simple terms, GCash is mobile money or “e-money” that allows you to pay bills, send or receive money, buy load, shop online, book movie tickets, and more with the use of your smartphone.

Through a “mobile wallet,” you get to do all these transactions anytime and anywhere without the need to withdraw money.

PayPal Balance to GCash

How to Open a GCash Account;

1.Via the GCash App

Download the app.

Enter your mobile number and click Register in the prompt.

Provide the necessary information as prompted. Nominate a 4-digit MPIN.

2. Via *143#

On your phone, dial *143# then select ‘GCash’.

Select ‘GCash’, then ‘Register’.

Nominate a 4-digit MPIN.

Provide the necessary information as prompted.

3. Via Facebook Messenger

Download the latest Facebook Messenger app.

Search for @gcashofficial.

Click the ‘Get Started’ button.

Click on the ‘Menu’ button found at the lower left corner.

Click on ‘Account’ and select ‘Create an Account’.

Type in your Globe/TM mobile number.

Type in your Facebook password and wait for a verification message.

Wait for the verification code to confirm linking.

Advantages of Using GCash for PayPal Payouts

  • No need to apply for a bank account that requires various requirements.
  • Receive funds into your GCash mastercard within minutes.
  • Be able to withdraw on various ATM’s in the Philippines.
  • No maintaining balance and no annual fees. But take note of their dormancy card policy in which there will be a charge of 50 pesos per month after the card was considered dormant, which is 6 months of no use/transaction.

How to Link Your Matercard to GCash

  • Register to GCash by texting REG space desired 4-digit PIN/mother’s maiden name (middle name)/first name/last name/complete address
  • Link your card by dialing *143# then choose GCash, choose activate GCash card, then enter your 4-digit PIN and card details.
  • (Very important to remember your PIN for transactions, in case you forgot it, you can call 2882with your globe sim for free.)

How to Transfer Funds from PayPal to GCash

Now that your GCash and PayPal accounts are linked, it’s time to transfer money from your PayPal account to your GCash wallet. Here is how to do it:

  • Step 1: Open the GCash app and enter your four-digit MPIN.
  • Step 2: Tap “Cash In” as shown in the screenshot below.

GCash cash in:

  • Step 3: There are three Cash In options: Over-the-Counter, Online Banking and Remittance. Choose Remittance. Then tap “PayPal” under Payment Partners.

PayPal to GCash transfer:

  • Step 4: Enter the amount in pesos that you want to transfer. The minimum amount required is ₱500.

Take note that you cannot transfer US dollar amounts (or any other foreign currency), only Philippine pesos. If you have PayPal balance in US dollars or other currency, you should convert it to Philippine pesos first before transferring the money to GCash.

Read the next section, “How to Convert US Dollars to Philippine Pesos in PayPal” for the step-by-step guide to converting your dollars to pesos.

Tap “NEXT” to continue.

PayPal to GCash amount:

  • Step 5: Review the amount that you want to transfer. Tap “CONFIRM” to proceed with the transfer.

Cash in confirmation

  • Step 6: Wait for the transaction to be completed. It usually takes only a few seconds for the money to arrive in your GCash wallet. You will receive a text message confirming the fund transfer as well as an email from PayPal.

Cash in is being processed:

  • Step 7: Congratulations! You can now use the money for your GCash transactions such as paying bills, buying prepaid load, and sending money to a friend. You can also withdraw your money through the Cash Out option or through your GCash Mastercard using any of over 20,000 BancNet ATMs all over the country.

PayPal to GCash transfer completed.

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