GCash and PayMaya are both electronic wallets in the Philippines. Both of them work alike with the same functionalities, like online payment, bank transfer payments, etc. Most of their users don’t know that they can transfer money from GCash to PayMaya and vice versa.
People have the misconception that they are rivals, so it’s not possible that they will collaborate. That’s why they didn’t even try to send money from GCash to PayMaya or the opposite. Here, the vital thing is that the transfer only happens through the bank transfer option.
This topic will describe how you can transfer money from PayMaya to GCash. To make the transaction possible, ensure you have a verified PayMaya account and GCash account. Without any further delay, let’s get back to the topic!
steps to transfer money from PayMaya to GCash:
For the convenience of their customers, GCash and PayMaya allow fund transfers between themselves. To help you with the fund transfer, here is a step-by-step guide on How to Transfer Money From PayMaya to GCash. Follow the steps in the below section:
Sign in to PayMaya:
Open the PayMaya app on your phone and sign in with the help of the credentials that you got when you first registered in the app.
Click on “Bank transfer”:
On the dashboard page of your PayMaya account, click on “Bank transfer,” which appears on the third position from the left side, under Available balance.
The list of all the banks that PayMaya accepts will appear on the next page or screen. Scroll to find the GCash option and choose the icon.
Provide details and click Continue:
Enter all the details the app demand like:
- Please enter the amount you wish to transfer and the purpose for it.
- You can also determine if it’s payment or if you are sending money to your GCash account. For that, you can type “Personal”.
- Enter the details of your account, like bank account number or registered mobile number of your GCash, first name and Last name.
- As you are done with details, click on Continue.
Confirm the transaction:
On the next page, the transaction detail will appear; recheck all the details. Once you are sure of the details then, click on SEND.
Enter PIN (one-time):
A one-time PIN code is sent to you via text message on your registered mobile number in the PayMaya account. Once you get the message, type a 6-digit PIN and click “Proceed.”
Note down the Reference ID:
The transaction details will be displayed again, but this time with a Reference ID. It will tell that the transfer is in process. Note down the Reference ID just with the help of a screenshot. It will come in handy when you face problems related to the current transaction.
Q: Do we have to pay the transaction fee on PayMaya to GCash?
Ans: Yes, you must pay the transaction fee of PHP 10 pesos. You must have an extra balance in the PayMaya account for the transfer fee.
Q: Can we use the same mobile number in GCash and PayMaya?
Ans: Both E-wallet apps accept subscribers of a mobile network like Globe, Smart, TM or TNT. The globe mobile network uses their number to create an account. The same goes for the GCash account.
Q: Which one is best, GCash, PayMaya or coins Ph?
Ans: PayMaya is mainly used for real-time transactions, like shopping. Coins. Ph is used for both real-time and games. You can buy games’ prime features by using Coins. Ph. While GCash allows for loans, bills, games etc. So, it’s difficult to say which one is best.
Q: Can PayMaya use as a savings account?
Ans: The subscribers who got permission can move the amount from e-wallet to PayMaya savings within a few clicks and also get the chance to earn interest. You need to upgrade the Maya account to avail yourself of the feature, and it doesn’t cost you any charges.