Maybe writing about conveniently making money is good linkbait, because I find myself linking to Ely’s recent post about PayPal and UnionBank:

So it seems to work like this: You transfer your money from PayPal to your UnionBank Account. It takes around 5-7 days to clear. When it does, you can then withdraw the cash. Hmm. 5-7 days is a long clearing time (but still personally okey [sic] by me). There is a transfer fee of around US$10.

What’s great about UnionBank EON is that you can actually apply for it online and just pick up the card. It takes only P350 to open it up.

Ely even writes that UnionBank will ring you up when your card’s ready, and that you’ll pay the Php 350.00 when you pick it up (it’s actually the annual fee). Talk about convenient! Now I don’t have to worry about those TLA checks getting lost somewhere, nor do I have to wait for a month for them to clear.

I’m enjoying the recent developments in the local money transfer scene. First, Google started supporting Western Union for AdSense payments. Then PayPal Philippines gets full functionality. And now this.

Hopefully, all that convenience will make earning money online a more feasible prospects for Filipinos. OFW 2.0 ladies and gentlemen!