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For starters, here are the different ways Filipino freelancers and entrepreneurs are paid online.
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PayPal is a widely used method for sending and receiving payments worldwide. Usually, overseas clients pay via this online payments service. So if you want to work from home, you have to create a PayPal account.
You also need to open a local bank account that you’ll link to your PayPal account so that you can withdraw payments in Philippine peso.
As much as it’s very easy and safe to use, PayPal charges expensive transaction fees that will eat up a portion of your pay. If your client is open to using other payment methods, you may recommend cheaper alternatives to PayPal (See the list below).
2. Online bank transfer.
Bank transfer is the easiest, fastest, and most affordable way to get paid if your clients are based in the Philippines. Clients simply transfer money from their bank account to yours in real-time.
Typically, local clients prefer to transfer funds via BDO, BPI, or Metrobank. Ideally, you have a savings account with any of these major banks to receive payments via bank transfer.
3. Western Union.
Some international clients can pay via Western Union. You have three options to receive payments in the Philippines:
- Cash pickup at any Western Union agent location
- Mobile wallet app (You need to have an account with GCash, PayMaya, Coins.ph, PERA HUB, or USSC to receive payments from Western Union.)
- Direct deposit to a bank account (BDO/BPI/LANDBANK)
Money sent via Western Union will arrive within minutes if you choose to receive it through cash pickup or mobile wallet. For bank deposits, funds are credited within two banking days.
This online money transfer service lets you accept payments in foreign currency (e.g., USD, AUD, GBP, JPY, etc.) from overseas clients and withdraw cash in Philippine peso through your local bank account. Funds get transferred up to three business days.
If your client pays you using TransferWise, you’ll receive the money within one to two working days in your bank account or mobile wallet (GCash/PayMaya).
Another recommended online payment service for Pinoy freelancers is Skrill, which doesn’t charge any fee both for sending and receiving money. Payments to the Philippines get transferred up to one day to your bank account or mobile wallet.
To receive payments in a cryptocurrency, open a digital wallet where your earnings will be transferred and converted into local currency. You can create a Bitcoin wallet via Coins.ph and send your wallet address or QR code to instantly get paid. Then withdraw your money using the Cash Out feature in the Coins.ph app.
Cash-out options include bank deposit, GCash, and pickup at partner remittance centers (e.g., LBC, M Lhuillier, Palawan Express, etc.).
Go back to the main article: How to Earn Money Online in the Philippines: An Ultimate Guide