*DISCLAIMER: This is not a sponsored post. All that is written here are based on my experience and opinions on how I view and have used Paymaya and their services. I will provide links for the Paymaya website for more details*
I told you, I would prepare another blog post for you. Though it isn’t about the USA trip. Just giving you a break on that series, I wanted to share my Paymaya experience. First of, what is Paymaya exactly? Paymaya is basically your virtual credit card or online credit card. It is perfect for those who don’t want a full time commitment with a bank-issued credit card, the membership fees that they entail and not to mention the whopping interests rates when you miss a payment. Paymaya is like a debit card that can be used as a credit card.
Second, how does it work? You must register first on the app that they have on either IOS or the Android play store. Your personal phone number will act as your account number similar to a bank account number. They will send a text message for the confirmation of your account. You must deposit first before you can be able to use the online card. It is important that you do not share the details of your card.
Third, how can you deposit money to use the card? I first used Paymaya to purchase an app at the Apple Store. As seen above, I deposited 100php via 7-Eleven to activate the card and start my purchase. The other ways or establishments to deposit for Paymaya are:
I personally have only tried and tested 7-Eleven as they are open for 24 hours and easier to access. You may use their Cliqq Kiosks or the app itself in paying for Paymaya. I tried the BDO but sadly they are no longer linked to Paymaya. You may try the other options if you plan to do so. They do give detailed instructions how to do so.
For the 7-Eleven payments, simply tap Add Money then 7-Eleven Create a Barcode. Enter the amount you wish to pay. It should be 100php and above then head to the nearest 7-Eleven store to pay. Wait for the text confirmation by Paymaya and refresh the app to see the deposited amount added.
Fourth, is it safe to use Paymaya? Yes, from my experience, they are. Paymaya is regulated by the Bangko Sentral ng Pilipinas. You may deposit cash with them up to 50,000php. They do offer a physical card on which you need to upgrade for FREE. But you will need to provide valid IDs and wait for the confirmation of your upgrade. When you have the physical card, you may use it like any debit/credit EMV card that you have. You may also withdraw from any Bancnet ATM machines. I haven’t tried that yet since I am contented in using Paymaya for my online purchases alone.
So far, I have only used Paymaya for my Spotify Premium (I transferred from Globe payment to Paymaya, you may check that out too) and Netflix subscriptions. But you can certainly use it for online shopping stores that accept a Visa credit card. Paymaya will always alert you for the payments made and you can monitor it as well on the app. There are a lot more to discover with Paymaya, but so far I am enjoying what I have for now and there are no complaints. I hope this experience helps you out!
Merci beaucoup et à bientôt!