Payment Processor for Philippine Based E-Commerce Site?

Discussion in 'Payment Processing' started by baybossplaya, Apr 8, 2008.

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  1. #1
    I'm helping some relatives start an e-commerce website that is based in the Philippines. This is a legit e-commerce site and they plan to sell to customers worldwide. The issue is that not many payment processors are willing to work with a Philippine based company and bank account.

    What would be the best way to find a payment processing merchant? I tried researching online but havent found any solid answers. I live in the United States so it would be difficult for me to visit a Philippine bank or Payment Processing company based there until I visit in June.

    Does anybody here know how e-commerce works in the Philippines? Any help would be appreciated.

    Thanks
     
    baybossplaya, Apr 8, 2008 IP
  2. cool_78

    cool_78 Guest

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    #2
    Paypal is your best option. It is widely accepted worldwide and you can easily withdraw it via our local banks like BDO or Metrobank.
     
    cool_78, Apr 9, 2008 IP
  3. baybossplaya

    baybossplaya Active Member

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    #3
    thanks for your reply cool78. If we use paypal, how easy is it to withdraw the money at the bank? Also are there limits?

    thanks
     
    baybossplaya, Apr 10, 2008 IP
  4. Kath

    Kath Peon

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    #4
    I suggest you contact pay pal and ask, no body knows these answeres better than them selves ;)
     
    Kath, Apr 11, 2008 IP
  5. jingjong

    jingjong Peon

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    #5
    Dude you can withdraw paypal funds from local bank in the philippines. and for the fees try asking paypal...
     
    jingjong, Apr 11, 2008 IP
  6. baybossplaya

    baybossplaya Active Member

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    #6
    paypal is one of our options but we would prefer to go with an actually payment processor. ive had bad experiences in the past with paypal's customer support - we cant risk having our account funds held and wait 2 weeks for it to get resolved. I believe paypal, as big a company as they are, do not prioritize well when it comes to resolving issues.
     
    baybossplaya, Apr 17, 2008 IP
  7. jammed

    jammed Peon

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    #7
    I would recommend using paypal. Or you can use any debit or credit card. I heard iKobo is also a payment processor. And there's a local payment processor called PhilPay. I haven't tried these processors, though
     
    jammed, Apr 17, 2008 IP
  8. baybossplaya

    baybossplaya Active Member

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    #8
    thanks for the help and suggestions.
     
    baybossplaya, Apr 18, 2008 IP
  9. cool_78

    cool_78 Guest

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    #9
    It's quite easy. There is really not much in terms of limitation except a lower conversion rate from paypal, and in my experience with withdrawing to metrobank. it takes around 48 hours to receive your money from the time it says completed in your paypal account.

     
    cool_78, Apr 18, 2008 IP
  10. myDOMAINion

    myDOMAINion Guest

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    #10
    Since you are web based, you can contact BDO or other banks, and apply for a merchant account for you e-commerce business.
     
    myDOMAINion, May 31, 2008 IP