I received an announcement email from PayMongo regarding their payout limit. Starting March 16, 2021, the payout limit will be effectively increased from ₱1 to ₱80.
It’s a pretty big jump from where it first started. But no harm was done here. Pretty sure they had a valid technical reason for these adjustments.
Personally I don’t really mind the minimum payout as this is way lower than other service providers. Even at ₱100 or ₱500. It would just be fair enough to cover the charges that incur within the company.
PayMongo is a Filipino company that provides local e-commerce businesses a payment gateway for local checkout. PayMongo is a company backed by Stripe. Read more about them here.
Official email announcement below: