racoma.com.phJ. Angelo Racoma on technology, economics, writing, problogging, and getting things done

This is perhaps the best news I’ve seen lately. I got an email from PayPal saying Philippine users can now withdraw PayPal funds into our local bank accounts.

New! Withdraw Your Funds to Your Philippine Bank Account

Now you can add your Philippine bank account to your PayPal account, so you can withdraw your money directly to your bank. It saves you time and gives you faster access to your PayPal funds!

Plus, there is no charge to withdrawal amounts over PHP 7000*. So go ahead and add your bank account today!

Withdrawals of less than PhP 7,000 are only charged PhP 50. How great is that?

For more information, head on to the Philippine PayPal withdrawal page. A list of supported banks is here.

I think I’ll link up my PayPal account to those banks which have online access, so I can monitor how quickly funds are transfered.

Yesterday after noon mass I headed to the UP Shopping Center branch of RCPI, which was a western union agent, to withdraw my September Google AdSense earnings. I was disappointed. Apparently the branch didn’t have the form needed for Quick Cash. And the manager said I needed Google’s account number in order to withdraw the funds (not only the Money Transfer Control Number). I’ve read about complaints about the latest way to withdraw Google AdSense earnings on some blogs, and I was expecting some delays.

So the manager had to call up their head office to request a fax copy of the Quick Cash form.

I decided to forego withdrawing my AdSense earnings for now because of these reasons.

First, I left my other ID in the car. I didn’t want to waste my time walking all the way to the parking lot and back to the RCPI branch just to get my other ID. RCPI/WU needed two valid IDs, and I usually only carry my driver’s license in my wallet. My other IDs (technically no longer valid, actually) I usually leave in the car for when I need to leave something at the gates of those exclusive subdivisions or school/company compounds.

Also, I wasn’t so sure about the form I was being asked to fill up. For some reason, the wordings on the Google AdSense payment details said MCTN or Money Transfer Control Number and Western Union Quick Cash, but “MCTN” wasn’t written anywhere on the Quick Cash form. So this started me wondering whether I should just use the regular “receive money” form instead.

Also, the person ahead of me in the queue was arguing with the teller, so I was expecting the wait to be longer. Teller says her PRC (Professional Regulatory Commission) ID had already expired last August, and was asking her to submit another ID. The client, however, didn’t carry anything with her at the moment. Seemed like she was pissed, especially since she’d been a regular client for the past few months already.

Here’s what’s funny. During the argument, she said

Ilang buwan na akong nagwi-withdraw ng pera dito, bakit ayaw nyong tanggapin ang ID ko. Dalawang libo lang ‘yan! Hindi ko ipagpapalit ang dangal ko sa dalawang libo.

This loosely translates to:

I’ve been a client for some months now, so why won’t you accept my ID as valid. It’s just PhP 2,000. I won’t compromise my dignity for just PhP 2,000.

Or something to that effect.

Seems like the system got the better of that client.

I almost wanted to hear the teller answer the client:

Hindi naman po dangal niyo ang kelangan namin eh. Valid ID niyo!

Which loosely translates to:

We’re not after your dignity, but only your valid ID.

LOL.

Anyway, I think in these cases it’s an issue with very valid arguments from both sides. The remittance institution is just ensuring the security of transactions. The client, meanwhile, is asking reconsideration because it might be inconvenient at that time to produce another valid ID, probably given her circumstances. Her ID had been valid only a few months ago, and in all likelihood the person on her ID (name, picture, address, etc.) is still her!

Ah, life!

Later today or tomorrow, I’ll be heading to a different Western Union branch and I’ll be sure to fill up that yellow form, hoping it’s the right one.

Paypal users from the Philippines have reason to rejoice: PayPal now allows Philippine-registered accounts to receive funds. Check out Pinoy Money Talk for more information. I’ll be posting more about this soon.

I’m still playing around with my local account. So far, I cannot register with a local bank (only US banks are enabled for receiving funds), so the only way to actually receive money is to credit the funds back to a debit/credit card. Still, being able to receive money easily would be a big boost to business here, especially for those who have clients from abroad (like freelance writers, designers, bloggers, etc.).

I rarely win at raffles and lotteries. So it was a pleasant surprise last August 1st when I got a call from my dad from the Digital Filipino EB (he went in my stead, to accompany my mom, who was a finalist) to say I won a hundred bucks from the Top Emerging Blogs of 2007. Funny, as my post was the last-ever entry for the voting.

So here’s a hat tip to Janette and sponsor Yes Payments.

Close to a decade ago, several of my dad’s high school friends who migrated to the US came home to the Philippines for a reunion of sorts. They were here to introduce a new web-based business system they were part of, called SkyBiz. This was actually a multi-level marketing system for selling web space and web builder packages (remember, that was the late 1990’s; think Web 0.9). We bought in, thinking of the great opportunities. I was, after all, techie-oriented. Dad was business-minded (ten years after, we’re a little of both!).

It turned out the business was a scam—a classic pyramid scam. True, a great number of MLM and direct-selling based businesses are legitimate (and big business worldwide), but this was just not one of them.

Distribution of $20 million dollars in consumer redress will begin in the near future for victims of SkyBiz, an alleged massive international pyramid operation based in Tulsa, Oklahoma. The money for consumer redress is part of a settlement between the pyramid’s promoters and the Federal Trade Commission, which charged that their scheme violated federal laws. The settlement also bars the defendants from participating in pyramid schemes in the future, and bars them from misrepresenting business ventures. It bars one defendant from engaging in any multilevel marketing programs for life and bars three others from engaging in multilevel marketing programs in the for periods ranging from seven to 22 years.

I had actually forgotten about this for a few years, until I got curious about my online dealings in the past and Googled up a handful of names I could remember. SkyBiz was one of them. And the first few results were about the class action suit for SkyBiz. So I signed up. I couldn’t remember our actual account numbers and names, but the people over at the law firm were glad to help us get our needed information (we gave our full names, addresses, telephone numbers at that time, and the few keywords we recalled from our account names).

I then shelved the idea of receiving funds from them since we were advised it might take long to process.

So I was surprised to receive email just a few minutes ago that the SkyBiz Redress program was already sending out funds in the form of Mastercard debit cards. I’m not expecting a big amount, but the thought of justice being served, and that we were part of some benefits package, is comforting. I’m thinking the refund amount would at least cover for some hosting/domain expenses, and hopefully a full tank (or two) of gas!

But it’s in US Dollars, so I do hope establishments here won’t have a problem processing transactions with the card. Nonetheless, I do hope we get our cards soon!

My brother B.A. ran into some persistent callers a few months back, and he found out these callers were part of MLM business trying to recruit him. I advised him that there are legit MLM businesses, and I’ve actually tried these (another company, not SkyBiz), and there are scams. I posted a couple of comments because the comment thread had turned into a flamewar zone, I had to intervene (supposedly neutral, but hey I’m opinionated).

I quote a paragraph I wrote there. This is how I do business, the Web 2.0 way.

True, business almost always entails networking. But some people misconstrue “networking” to be the ol’ pyramid/binary type recruitment where you have to recruit at least two people, who would have to recruit two each and so forth. To me, networking means connecting to people, and connecting people. You don’t necessarily have to have business dealings with anyone. But the fact that you’re connecting–as friends, associates, business partners, colleagues–builds up your reputation and your network of people. You will almost always find people to help you out this way.

If any of you guys are part of the redress program, congrats! Tell me if you’ve received your gift cards already.