GCash has launched the GCash Virtual US Account, a new feature that helps Filipino freelancers get paid in US dollars with fewer fees and faster access. It works with platforms like PayPal, Payoneer, Gusto, Deel, Upwork, and Fiverr, letting users transfer money straight into their GCash wallet.
The goal is to make cross-border payments simpler and more affordable. Freelancers often lose part of their income to high withdrawal fees and exchange rate costs. With this new account, GCash says users can keep more of what they earn with no fees, better forex rates, on-time payments, and instant USD-to-PHP conversion.
The Virtual US Account is powered by Meridian1, a global payments network. It’s available to fully verified GCash users and supports transfers from multiple freelance and payroll platforms.
Take note that this is not a bank account and isn’t covered by deposit insurance, but it does offer a practical way to manage international earnings.
The US is a major source of remittances to the Philippines, accounting for about 40% of cash inflows from January to August, according to the Bangko Sentral ng Pilipinas.
Also Read: HUAWEI and GCash bring watch pay to iOS users for easy wrist payments
GCash also announced PocketPay, a tap-to-pay tool that lets small businesses accept card payments using Android phones. It’s free to use until December 3, 2025.
G-Xchange Inc., the operating company behind GCash, is regulated by the Bangko Sentral ng Pilipinas. Stay tuned for updates.
