An unverified account of PayPal has a withdrawal limit of $500 only. That's for personal account because I have no idea for the premier account. Now, I have heard about how to verify PayPal and its instruction. Also, I read from online resources about withdrawals from PayPal to Philippine bank. I thought, I understand the process. My thoughts, betray me and I laughed about it. I thought all along that you can verify your PayPal account with the Philippine banks. That is wrong. Sorry to those who asked me, I am wrong.
First, is to open an EON Debit Card in Union Bank Philippines. It is a debit card and bank account in one. As fas as I know, that's the only BANK allowed by PayPal to verify aside from credit cards. How to verify PayPal? Check this website, "Make Money Online: Verify Your PayPal Account Using Unionbank EON". Just make sure that all your information entered in EON Debit card is the same information you entered on PayPal.You can also use Smart Money Card to verify PayPal. I will not recommend it unless you are an active smart money card user. Smart Money card expires for prepaid accounts. For those interested, click this: Make Money Online: Verify Your Account Using Smart Money.