G-Cash works!
G-cash was not new. It has been in existence for the quite some time. But, I just have no reason for using it or trying it out.
Then, my sis-in-law and her husband both an ebay enthusiasts asked me a few days ago about g-cash. My sis-in-law has a buyer from Cebu and according to her bank transfer will cost her additional 50 pesos. So, the buyer was asking if G-cash payment is acceptable. So, I checked Globe’s website to look into G-Cash.
It seems easy. If you are a Globe subscriber, then all you have to do is register by texting “REG (4-digit M-PIN)/(Mother’s Maiden Name )/(First Name)/(Last Name)/(Address)/(Telephone No.)” and send to 2882.
After a few secs, I got a reply from Globe that I can now start using G-Cash. A word of caution though, based on my experience with XOOM Make sure that the name and address you registered with Globe matched one of your I.D (Drivers License) So, you will not have trouble claiming the G-Cash.
I gave my sis-in-law my mobile number, so she can start informing her buyer that she can accepts G-Cash through me. (My sis-in-law uses Smart :p) Anyway, we found out that using G-Cash would only cost her buyer additional 10 pesos for G-Cash compared to 50 pesos for bank transfer. G-Cash only charge 10 pesos for amount less than P1,000 and 1% for P1,000 upto P10,000. I clarified to my sis-in-law that when accepting G-Cash it’s either the buyer or seller who shoulder the transaction fee. Since, the fee will only be deducted if you claim the money. But, as long as the G-Cash money is in the Globe system. You will not be charged for this. Well, my sis-in-law decided to pass the fee to her buyer.
After a few days, I got a text message “You have received 547.00 of G-Cash from xxxx xx on 2/11/2006 05:04 PM Ref No. xxxxx”. Okay, so I have 547.00 on my wallet. Of course, I paid my sis-in-law what’s due to her. See it works!