Are you finding the ultimate guide on how to transfer money from Paymaya to Gcash? How about requirements? Fee and how long to transfer?
In this article at retailasiaonline.com, we will provide you step by step for transferring, some benefits as well as tips for smooth processing for 2024.
Contents
Benefits of transferring money from Paymaya to Gcash
Transferring money from Paymaya to Gcash has some benefits:
- Send & Get Settlements Conveniently: Many Filipinos overseas dispatch cash back domestically to Gcash accounts. Exchanging these stores to Paymaya permits more installment options and enhanced convenience.
- Pay Bills Easily: Gcash may be a well-known way to pay bills from Meralco, Maynilad, Shrewd, Globe, and more.
- Withdraw Cash from More Locations: Gcash has a broad organize of ATM accomplices. Exchanging reserves to Gcash permits you to pull back cash from more ATMs over the Philippines.
- Avoid Bank Fees: Bank expenses and charges can eat into your hard-earned cash. Exchanging stores between your claim Paymaya and Gcash accounts is free.
- Maximize Promos & Rewards: Some promos offer rewards for exchanges between Paymaya and Gcash, such as rebates or cashback.
- Splitting Costs is Easy: You can right away exchange cash from Paymaya to Gcash when part bills, taxi rides, nourishment conveyances, and other costs with companions.
Requirements for Transferring From Paymaya to Gcash
Here are some requirements for Paymaya to Gcash:
- Dynamic Accounts: You’d like to have an energetic and affirmed Paymaya e-wallet account. Add up to the one-time character affirmation arranged by uploading a considerable ID.
- Link Flexible Number: Your portable number has to be associated with both your Paymaya and Gcash accounts. This grants reliable cash transfers.
- Upgrade Gcash Account: Basic Gcash wallets cannot get cash trades. Overhaul to a full Gcash account for free.
- Enable Cash Trade in the Paymaya App: In your Paymaya app, go to settings and engage the money trade highlight. This allows you to send stores to bank accounts and e-wallets.
- Maintain Satisfactory Paymaya Alter: At some point as of late trading, stack adequate funds into your Paymaya wallet. You would like at scarcest ₱15 alter – ₱10 for the trade charge and ₱5 coasting alter to be kept up after the trade
Step-by-Step Guide: Transferring Money from Paymaya to Gcash
Here are step-by-step guidelines for transferring money from Paymaya to Gcash:
Step #1: Log In to Your Paymaya Account
Launch the Paymaya app and log in using your registered mobile number and password. Successfully logging in takes you to your Paymaya dashboard.
Step #2: Tap “Bank Transfer”
From your Paymaya dashboard, tap on the “Bank Transfer” option. It is the 4th menu item found at the bottom of the screen.
Step #3: Select “G-Xchange Inc (Gcash)”
This will bring up the bank transfer menu. Under “Transfer to Other Banks” select G-Xchange Inc. to transfer to Gcash.
Step #4: Enter the Transfer Details
On the transfer details form:
- Specify the amount you want to transfer.
- Indicate a purpose for the transfer e.g. “personal” or “family support”.
- Input the recipient’s Gcash account number.
- Enter the registered account name of the Gcash recipient.
- Tap “Continue” once all details are filled in.
Step #5: Verify and Confirm Transfer
- Carefully verify all entered details before confirming the transfer.
- Tap “Send” to confirm and process the funds transfer.
- Input the OTP sent to your registered mobile number.
- Take note of the reference number for tracking purposes.
The money will instantly reflect in the recipient’s Gcash account once transferred. Just like that, you’ve sent money from Paymaya to Gcash with ease!
Tips for a Smooth Paymaya to Gcash Transfer
Here are some tips for a smooth experience when transferring funds from PayMaya to GCash:
Check Account Adjust and Limits
Before starting any cash exchange, to begin with, check your account equalizations and every day or month-to-month exchange limits in both PayMaya and GCash to guarantee you have adequate stores available.
- PayMaya includes a default day-by-day exchange constraint of Php 50,000 for confirmed accounts.
- GCash every everyday exchange limits extend from Php 20,000 to Php 100,000 depending on the confirmation level.
- Keeping track of limits makes a difference dodge unsuccessful exchanges.
Know Expenses Involved
- Be mindful of expenses charged for sending stores from PayMaya to GCash so there are no surprises:
- PayMaya charges for moment exchanges with a cap of Php 500 per exchange. This can be deducted from the sent amount.
- GCash doesn’t charge for accepting cash from PayMaya.
- Take note that expenses for inactive QR exchanges may vary.
Double Check Account Details
Before confirming any transfer, carefully check the destination account details to ensure funds are going to the intended recipient.
- Verify the recipient’s complete name and exact GCash mobile number or account number.
- An incorrect digit could result in money being sent to the wrong person.
Transfer During Off-Peak Hours
Avoid peak transaction times like evenings and weekends when transferring from PayMaya to GCash to prevent delays due to congested systems.
- Off-peak hours like weekday mornings often have faster processing times for smooth transfers.
- Try scheduling transfers before 10 AM or early afternoons.
Affirm Exchange Completion
Always get an affirmation once the PayMaya to GCash exchange has been completed successfully:
- You will get an SMS notice from PayMaya affirming the cash sent.
- Log into the GCash account to check on the off chance that reserves have been received.
- Notify the beneficiary to check their GCash account and affirm receipt.
- If issues, contact GCash or PayMaya to bolster quickly.
Save Receipts
Make sure to save receipts or confirmation numbers for all financial transactions as proof and for resolving any discrepancies in the future if needed.
- In the PayMaya app, you can view past transactions with receipts.
- GCash also stores a history of received transfers.
- Keep receipts handy in case you need to follow up on any incomplete transfers.
Read more:
Leave a Reply