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PayPal: One Great Way to Improve the Philippine Economy
Really? Yes, I believe the same thing, that’s what I’ve been saying since PayPal removed the Philippines from their PayPal-enabled countries (we were there before, some of us were able to successfully register and some still have their PayPal accounts with a Philippine credit card).
The J Spot discusses about how PayPal (the service) can help the Philippines with its problems like “Employment, Underemployment, Unemployment” and more business opportunities for the Filipinos. But as we know it, PayPal do not want to add the Philippines for various reasons. I talked to PayPal 4-5 years ago, and the reason they gave me was that the local banks in the Philippines are asking for a big cut for the revenues the Philippines will generate for PayPal. Well, that is very well true.
Follow up:
In fact, when the Korean game developers met with us (when I was still in my former company/employer), they all get surprised when we say that the banks and mobile networks here in the country always want this percentage for the charges, I will not say how much, but for the Koreans, Europeans and Americans, the cut is really big - Americans call it bullsh*t. And it is really, so I can not blame PayPal for not offering their service for holders of a Philippine-issued credit cards.
But is all hope lost? Nope, there is still a future for all of us. The J Spot thinks that if we gather together, if we join up, if we pool all our resources and ideas, we can make a change, best of all, get the attention of the government and from there, make the government impose new laws or at least guides to make the Philippines passed the criteria of PayPal. Who knows, this will open the Philippines and get more attention to our country not just for PayPal but to many other e-commerce out there in the world.
Good? Read and join the “force” HERE.
- By Shixi XIE
- July 14th, 2006
- 1432 views
- Posted in General
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7 comments
At any rate, I'm thinking gov't also wants its share of the pie, from taxes and all that. But if I were gov't (used to work there, btw) I'd rather increase the country's income first before thinking of getting a cut. It's more advantageous to everyone, anyway.
Those high cuts they always demand is what's keeping other markets to boom, like the online gaming market and e-Commerce. Instead of these markets getting more broad access, they tend to create their own alternatives.
We do need PayPal, and not just that service, but all the rest. Hmm, and a very good, very effective e-Commerce Law with a very well implementation of the law.
Heck, they should first separate the e-Commerce law and the anti-hacking law (unless I read it wrong), and separate the downloading law we have as well.
Come to think of it, why not copy the western or Korean Internet Laws (we're good at it anyway), or at least gather all laws related to Computer and the Internet. Right now, most Filipinos are not even aware of those, they'll even laugh and say there is no implementation of those laws at all (even though there have been cases in the past).
Sigh...
Even if we copy laws, or create new ones regarding the internet and e-commerce (or about anything for that matter), if these laws won't be carried out and followed, it's quite USELESS
Bleh.
