GCash introduces Virtual US Account Powered by Global Payments Network Meridian

In its push to help Filipino freelancers to have an easier way to get their income abroad with minimal fees, GCash is introducing its Virtual US Account, which is powered by global payments network Meridian.

With Virtual US Account, GCash promises reduced platform fees and forex costs, which should allow Filipino freelancers to get a bigger take-home pay for gigs abroad. Aside from that, the Virtual US Account also eliminates high withdrawal fees and hidden charges.

Fully verified GCash users are eligible for account opening, and they can transfer funds from different payment platforms, payroll platforms, and marketplaces such as PayPal, Payoneer, Gusto, Deel, Upwork, Freelancer.com, Fiverr, and Onlinejobs.ph.

This feature is seen to boost inflows of dollars into the country from the US, which is a top remittance source for the Philippines. According to the BSP, about 40% of cash remittances from January to August this year came from the US.

“With the GCash Virtual US Account, we’re enabling Filipino freelancers to take full control of their hard-earned income, allowing them to maximize every peso they earn,” GCash General Manager for International Paul Albano said.