I’ve seen how Palawan Express Pera Padala is popular for remittances. Whenever I pass by one Palawan Pawnshop branch, there is always a line. Perhaps this is because it has the lowest rates for any remittance center in the Philippines.
But sometimes I wonder, why don’t people turn to other services that have no fee? Just looking at the rate matrix, Palawan Express charges 3% of the money to be remitted. For every 100, you pay 3 pesos. That’s pretty high, but many people don’t have any alternative.
Perhaps this is because not all people have bank accounts. According to BSP, as of 2017, only 77% of all Filipinos remain unbanked. That’s a pretty high number. This is why many fintech apps try to populate this space — there is so much growth potential.
GCash and Palawan Express Pera Padala
As of March 21, 2019, GCash cash-in and cash-outs are allowed in any Palawan Pawnshop branch nationwide. This would hopefully help more Filipinos in adopting GCash, no matter where they are.
Cash-ins are easy since you only need the receiver to download the GCash app into his phone. Even dumbphones can cash in via *143#. Also, when it comes to mobile phone penetration, the Philippines beats a lot of other countries by far.
How do I Cash-in?
You just need a valid ID, and you also need to accomplish a form. In this form, you need to input your complete name, the GCash registered number you are sending to, and the amount you are remitting. Once done, you just need to pay the amount you are sending and the cash-in should have been done.
I’ve noticed that different branches use different forms. Some forms look like these below, but many simply use plain paper.
Is there a minimum amount to cash in?
Yes, the minimum is Php 100.
Can I cash in while not being Fully Verified?
Yes, however, there are lower wallet limits if you are Basic Verified only.
Can I send money from my GCash account to Palawan Express Pera Padala?
If sending money, you mean remittance, then no. Palawan Pawnshop only processes GCash cash-in and cashouts. The cash-in receiver should have a GCash account.
If you are looking for a way to send money from a GCash user to a non-GCash user, you can opt to send via GCash Padala.
What’s the difference between Cash-in via Palawan Express Pera Padala and GCash Padala?
Cashing in via Palawan Express means you have physical money and you are using Palawan Express as your agent in cashing into a user with a GCash account.
GCash Padala means you have a GCash account, and you are sending your money to someone who is a non-GCash user. The non-GCash user can redeem the money at any GCash partner outlet near him.
Does Palawan Padala Express Pera Padala accept GCash Padala?
Unfortunately, no. You can refer to this list for your GCash Padala partners.
What are the fees to cash in and to cash out?
For 7-11 cash-ins, there is a 1% fee of the total cash-in amount. For example, if you cash in Php 1000, the fee will be Php 10, and the total amount of Php 990 would be credited or added to your balance. This fee always comes first as it is a 7-11 collected fee.
GCash cash-in for partner outlets is free for the first Php 8000 per month. When the amount goes over the Php 8000 limit, it will incur a 2% fee. This limit refreshes every first day of the month.
For example: Today, you cashed in Php 7000. There is no fee since it is still below the Php 8000 limit. The next day, you cashed in Php 2500. Since you went over the limit, there is a fee included with the cash-in but only for the amount over the limit. The cash-in that has the fee applied is the amount over 8000 this month: Php 8000 - Php 7000 = Php 1000 Then we subtract from the amount you are cashing in: Php 2500 - Php 1000 = Php 1500 The fee is 2% of the amount. Php 1500 * 0.02 = Php 30 So the total cash-in with the fee would be: Php 2500 - Php 30 = Php 2470 Any later cash-ins for this month will have a 2% fee after this.
If you are cashing in 7-11, and you’ve exceeded the Php 8000 limit, the 1% fee goes first (7-11 fee), then the 2% goes after (GCash fee).
For example, if you are cashing in Php 1000 in 7-11 after exceeding the Php 8000 limit, the cash-in fee for 7-11 applies first: Php 1000 - Php 10 (1% of Php 1000) = Php 990 Afterwards, the 2% fee from GCash applies: Php 990 - Php 19.80 (2% of Php 990) = Php 970.20 The net cash-in amount is Php 970.20.
Once you are near the limit, you will be receiving an SMS and a notification in the app informing you of the charge once you go past the limit.
Please take note that this is only for manual cash-ins — remittances, online cash-in, and bank cash-ins are not included.
If you want to know how to circumvent this fee, you can refer to my fees page to see alternative solutions.
For cashouts, there is a Php 20 service fee for every Php 1000. For example, Php 3500 has a Php 60 service fee in total.
Generally, there is always a service fee if you want to cash out your money. If you have a bank account though, you can always transfer it there for free and then withdraw it using your ATM card.
What branches support cash-in and cash-out?
All Palawan Pawnshop branches nationwide support cash-in and cash-out.
Does Palawan Pawnshop offer GCash Mastercard?
No, but you can buy it from the GCash app, from Globe Stores, or from convenience stores.
Is Palawan Pawnshop a GCash Remit partner?
No, the list of remittance partners for GCash Remit is here.
Can I remit using GCash directly?
Yes, you can remit from a GCash account to a non-GCash user via GCash Padala. The fees are also smaller than Palawan Pawnshop at 1.5%.
Does the receiver need to be Fully Verified to receive cash-ins?
Yes, as a result, a Fully Verified receiver can also receive a limit of Php 100,000 total per month.
What IDs can I use to cash in or cash out?
For the GCash verification, you would need a valid ID from this list:
- Driver’s License
- PhilHealth ID
- Voters ID
- Pag-IBIG ID
- Postal ID
- PRC ID
- National ID
- Alien Certificate of Registration (ACR I-Card)
If you don’t have an ID from this list, you need to file a Help Support ticket to help in your verification.
The cash-out receiver should also have the same name as in the ID to be able to claim the money.
Palawan Express Pera Padala now supports GCash cash-ins and cash-outs nationwide. Cash-ins are free before the Php 8000 limit, cash-out has a fee of Php 20 per Php 1000 to be sent.
For a similar but cheaper padala experience, you can also opt to send money via GCash Padala. This supports sending money from a GCash user to a non-GCash user.
If you want to know about other cash-in and cash out options, here are some related posts:
- Cashing in and out via over the counter options
- Cashing in and out via self-serve kiosks
- GCash and 7-11
- Cashing in Cebuana Lhuillier
If you’d like to learn more about GCash, I created a how-to on the basics of GCash.
Here is a list of links if you’re interested in the main GCash features: