
Online Payment System for the Philippines
278 words |
People can send money to their friends and relatives in the Philippines with the help of online remittance systems. If you're a netpreneur, you can try this channel as a way of receiving payments online.
At YESPinoy.com, members can use their credit cards online and send those funds into a SMART Money Card. The person based in the Philippines can then take that SMART Money Card and withdraw funds via ATM machines.
If you are a budding Filipino netpreneur, that means you can receive payments from customers all over the world. Yes, even if you do not have a dollar account. Afterall, you will withdraw those funds in Philippine pesos.
This is one way of solving the problem of affiliate marketers who receive their commission checks in US dollars, and then get clobbered either by bank rates, or by the 15-day clearing time of those USD checks.
The main challenge I foresee in the YESPinoy.com alternative is that your customers have to become YESPinoy members first, before they can use their credit cards online.
On the other hand, if you are an internet marketer who has affiliates based in the Philippines, you can opt to pay them their affiliate commissions via YESPinoy. A lot of Filipinos tend to avoid affiliate programs that payout via Paypal, because Paypal does not allow those based in the Philippines to receive funds yet.
With the YESPinoy option, you can expand your affiliate army by attracting hundreds of bloggers based in the Philippines.
If you need more info, here's how to Send Money to the Philippines Online via YESPinoy.

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"Online Payment System for the Philippines"
First Posted: September 27, 2007 | Filed in: Make Money Online

i'm not quite sure about this.
just a little out of the topic
but i'm wondering what happened to paypal in the philippines now. can you receive funds as well?
[From Manuel] We're still waiting for others to share their actual experience when it comes to encashing those funds.