After chatting with people who have tried out the new Unionbank EON and Paypal setup for getting money online, I’ve learned of two general problems with it.
1. PayPal doesn’t always accept the Unionbank EON card. Users need to verify to get the full benefits of PayPal. A web designer friend tried to verify her PayPal account by registering an EON card on it. When she did, she received an error message indicating that her card was denied.

In a chat with a fellow technorepreneur, I was told that one needs to have some credit history with their cards before they have the cards register.
“You have to use the card both offline and online. Fill it up with cash and get yourself a transaction history.” He explained.
My web designer friend apparently used a totally fresh new EON card. Thus, she was denied.
2. It takes more than 5-7 days to transfer money from PayPal to Unionbank EON.
My technopreneur buddy tried to get some money from Unionbank EON. He transferred some cash from PayPal to EON. It was initially thought the this would only take 5-7 days. The currency was converted to pesos and took more than two weeks. My friend discovered that the transaction process wasn’t really smooth. This would annoy those people who really need the money instantly.
Despite these problems, we still look forward to using this combo. If it works, Pinoys can take advantage of many online income opportunities. We predict that this getting money online through PayPal will vastly improve in a year’s time.
UPDATE:
Over at Unionbankph.com, you can see that Paypal is now prominently displayed.

sefred7 8:16 am on June 24, 2009 Permalink
In case I received a payment through PayPal and I want to withdraw the money or deposit to my existing bank account like BDO, will it work? Can I enroll my BDO account as a recipient account for funds transfer from PayPal?
Bob Reyes 2:30 pm on June 24, 2009 Permalink
@sefred7 Yes, you may withdraw your PayPal funds to be credited to your BDO account. Tried it last week, took only 4 working days and the funds is already credited to my BDO account — faster than withdrawing from PayPal then to your UnionBankPH EON (still waiting for the amount to be credited to my EON, done on the same date I made a withdrawal to my BDO).
Laarni 10:09 pm on June 24, 2009 Permalink
@Bob Reyes have you tried adding your bank account in Unionbank? It’s faster that way than via the card. Sa akin two days lagi, nagrereflect na kagad sa atm ko. :)
Cheers!
blue 10:37 am on June 30, 2009 Permalink
hi!
im having a hard time on my union bank EON account linking it to my paypal. i got my fresh and new Eon last week,with funds in it,and its fully activated.
everytime i try to get verified/link and confirm my debit card, i always get this error
” This credit card has been denied by the bank that issued your credit card. For details on why your card was denied, please contact your credit card issuer’s customer service department. Or, you may want to try adding a different credit card.”
i’ve been calling union bank from time to time,and it seems they cant help me with my problem, anyone know how can i resolve this?
ive been checking from time to time,but the error still comes out, i really dont know how to fix this,if anyone encountered this problem and knows how to resolve it,im humbly asking for your help. thanks in advance and God bless
porkyvore 11:18 am on June 30, 2009 Permalink
PayPal doesn’t always accept the Unionbank EON card
- thanks for this. just got my eon last friday and I already actvated it. Im going to deposit money later. hope it works.
- with regards to BDO, mabilis nga. I also have a BDO savings account linked to my paypal and it’s really fast.. 2 days nga. hahahaha