 |
| In this most recent and updated guide, learn how to easily send or transfer money to your loved ones via pawnshops such as Palawan to a GCash account.LOGO: Palawan Pawnshop & GCash. |
(UPDATED 04/27/2022)If you are sending or transferring money and there are no available money remittance centers near your intended recipient, it is preferable to send it via GCash so that they can receive the funds as soon as possible.
They can cash out the money whenever they want from partner remittance centers once they receive it.
To do this, a recipient must have a GCash account to receive the said amount. They can register using the app, which can be downloaded from the Play Store (for Android devices) or the App Store (for iOS devices) (for iOs devices).
As of this writing, five pawnshops offer this service: Palawan Pawnshop, RD Pawnshop, Tambunting, Villarica, and Jaro Pawnshop.
{tocify} $title={Table of Contents}
How to transfer money?
You must go to the Pawnshop of your choice to transfer the funds. When you arrive, inform the person in charge that you wish to send money to a GCash wallet. Before you begin, make sure you have the GCash number of your intended recipient.
You will be given a GCash form to fill out with your recipient's information. When you're finished filling it out, the person in charge will process the transaction, and you'll be given a slip as proof of payment.
Related:How to Load Gcash Wallet and Where to Cash-in Funds?
Palawan to GCash
Palawan has over 3,000 branches nationwide, so anyone can transfer money to GCash because it is available in all regions of the Philippines. Follow the steps below to transfer, send, or cash-in money from Palawan to Gcash:
- Go tohttps://www.palawanpawnshop.com/branch-finderto find the nearest Palawan outlet near you.
- Once you've located the nearest Palawan Pawnshop, go there to complete your transaction.
- Inform the cashier that you will be transferring or cashing out money to a GCash account.
- Fill out the form provided by Palawan and enter the recipient's GCash number and desired amount.
- After you've paid the amount you want to send or transfer, you'll receive a transaction receipt.
RD Pawnshop to GCash
According to their website, RD Pawnshop has over 700 branches across the country and "provides a dependable, fast, and convenient way to remit money from anywhere in the world."
Follow the steps below to transfer, send, or cash money from RD Pawnshop to GCash:
- Locate the nearest RD Pawnshop location.
- Once you've determined the location of the nearest RD Pawnshop, proceed there to complete your transaction.
- Tell the cashier you'll be transferring or cashing out money to a GCash account.
- Fill out the transaction form with the recipient's GCash number and desired amount.
- You'll receive a transaction receipt once you've paid the amount you want to send or transfer.
Tambunting to GCash
Tambunting is the Philippines' oldest pawnshop, having been in business since 1906. They have over 1000 branches across the country.
Follow the steps below to transfer, send, or cash money from Tambunting to GCash:
- Simply go to the Tambunting outlet in your area.
- Inform the cashier that you will be transferring or cashing out funds to your GCash account.
- Complete the transaction form by entering the recipient's GCash number and the desired amount.
- Once you've paid the amount you want to send or transfer, you'll receive a transaction receipt.
Villarica to GCash
To send money to any GCash account, just go to the nearest Villarica outlet or branch in your area and follow the steps below (you may also visit the link here to find the nearest outlet near you: https://villaricapawnshop.ph/villarica-branches/?wpbdp_view=search):
- Ask the person in charge or cashier how to transfer money to GCash.
- Fill out the form with your details and your target recipient, including their GCash account.
- Hand the form to the cashier, present your valid ID, and pay the appropriate amount.
- Once done, get the transaction receipt. Your target recipient will receive a message once the transaction is successful.
Jaro Pawnshop to GCash
Jaro Pawnshop, like the other pawnshops mentioned in this article, offers money transfers to GCash. You can accomplish this by following the steps outlined below:
- Go to the Jaro Pawnshop branch closest to you.
- Inform the person in charge or cashier that you want to send or transfer money to a GCash account.
- Provide a barcode generated from your recipient's GCash account with the exact amount.
- Show the cashier the generated barcode and pay the desired amount.
- Get the transaction receipt once done. Your target recipient should receive a text confirmation once the transaction is done.
Anyone can also send or transfer money to a GCash account or wallet through online banking apps such as BPI and Unionbank. An individual must open a bank account connected with those apps to fully use its services and send money to e-wallets such as GCash and Paymaya.
What is the service fee for transferring or sending money?
According to GCash, sending, transferring, and cashing in money through the pawnshops or over-the-counter outlets mentioned in this article (Palawan, RD Pawnshop, Tambunting, Villarica, and Jaro Pawnshop) is FREE "until you reach a monthly threshold of Php 8,000."
Once you reach this limit, a 2% service fee will be applied to each transaction. The fee will be deducted automatically from the amount you wish to transfer to a GCash account. A service fee of 2% per transaction applies to all GCash-partnered over-the-counter outlets.
For example, if you want to send money worth Php 1,500 but have already transacted Php 7,000 for the month of August, you will be charged an additional Php 500. This is due to the fact that sending Php 1,500 to a GCash account will bring you up to the monthly threshold of Php 8,000.
Only amounts greater than Php 8,000 will be subject to the 2% service fee. As a result, the calculation will be: 500 x 2% = Php 10 service fee.
Where to cash out money from a GCash account?
Your target recipient/beneficiary may cash out the money you sent to their GCash account by going to any partner outlets. To cash out, a recipient must be a verified GCash account holder. They must log in to the app and then look for the "Cash Out" option under fund management.
From there, they can view the partner outlets where they can cash out their money. A recipient may also check the list here for the partner outlets of GCash providing a cash-out service:
Pawnshop
- CVM Pawnshop
- Villarica
- Tambunting
- Jaro Pawnshop
Supermarket
- Puregold
Payment Facilities
- DA5
- PeraHUB
- ExpressPay
- TrueMoney
- Posible
Department Stores
- SM Store
- Robinson
Tip: A recipient can also view nearby partners on the Gcash app to see the outlets near them where they can cash out the amount send to them. There are also sari-sari stores or small retail shops that provide cash-out services but their rates/charges vary since they are not an official partner of GCash.
Conclusion
Transferring or sending money has never been easier because there are so many options available.
Individuals who want to transfer money from pawnshops like Palawan to GCash must provide the recipient's GCash account and ensure that it is fully verified so that they can receive the desired amount.
Aside from pawnshops, some small retail shops in outlying areas offer GCash services, allowing customers to send money to loved ones via the app. I t bridges the gap for those in remote areas who do not have access to money remittance services.
Nonetheless, everyone should be free to select the services they desire, such as transferring or sending money from a pawnshop to a GCash account.—iTacloban
Related: How to transfer funds or send money from Paymaya to GCash
