Western Union Shitty Exchange Rate-- Solution
I am ashamed I am not a newibie using Western Union to send $$ to PI. I have been going there for decades and have had numerous main squeezes whom I have helped out at times. I just learned something about WU I had not known before- Thought I would pass this on.
Recently a buddy damaged his ATM card and asked me to send him $500 usd. I did so via my WU online account using my debit card. The "fee" for sending 500 usd was $7. The site defaults to paying out at the WU payout location in Pesos. The exchange rate they give you is shitty 46 peso / usd, but what are you to do. I have done this many times in the past and just accepted that is just another cost of doing business.
My buddy did a little research and told me that I have the option to have the payout be in USD and he suggested I do that and he will just take the 500 USD down the street and exchange it at the cambios at 49 peso / usd rate. The difference for this $500 transaction amounts to 1,500 peso (roughly $30 usd difference). -- so instead of the fee being $7 to send $500, the true fee is more like $37.
Many years ago I had tried to have the payout be in USD for this exact reason, but I was told then that the payout location only had pesos and that the USD payout option was off the table. Well- I decided to give it a try again this time. Sure enough I was able to select the USD payout option online, but I still suspected that when he presented at the WU office for pickup he would be instructed that: "sorry sir-- only pesos to give".
WHAT he / WE LEARNED:
He picked up the money at a WU office near Dau bus depot. He was indeed told they only had pesos, but when he put up a stink that he knew I designated USD to be dispensed they quickly agreed and paid out at the true market rate (49/ usd) rate. They also informed him the the WU offices on fields do not pay out at the same rate because they are in a 'tourist zone".
SOooo-.
#1 If you are sending money via WU to be picked up at location (as opposed to deposit into a bank account) you are much better off designating the payout to be in USD rather than pesos. If you choose pesos the exchange rate will be very shitty.
#2 You may find that a WU payout location away from Fields Ave will be easier to deal with and give a better rate when they do the onsite exchange.
#3 Have the payee stick to their guns and insist that USD be given because they know that USD was designated as the payout mode option. If the payout location cannot handover the US currency make sure you get a 'fair' exchange rate comparable to the going exchange rate at Normas or Natalia.
I found this all to be enlightening and thought I would pass this on. Just an FYI.
Immigration arrests 1,240 illegal Chinese workers in Pampanga
The Bureau of Immigration (BI) has arrested a total of 1,240 illegal Chinese workers inside a posh rest and recreation center in Clark, Pampanga.
In a report to BI Commissioner Jaime Morente, the joint operation against the Chinese nationals were conducted by the BI's Fugitive Search Unit and the Angeles City Police led by Senior Superintendent Sidney Villafor.
"Our immigration officers have started conducting verification of passports (of the suspects)," Morente said.
Read more: [URL]http://globalnation.inquirer.net/150099/immigration-arrests-1240-illegal-chinese-workers-pampanga[/URL]#ixzz4 R5 cjfKEV.
These developments will certainly put a dent in the number of Chinese mongers in AC. If BI is going after the Chinese while Du30 is getting more cozy with Xi Jinping, the Korean entertainment venues may be next although they tend to limit Korean staff to low visibility management positions.
Arrest of 1240 illegal Chinese workers
I highly doubt this will have any effect on mongering in AC, fields or perimeter bars. I would bet these workers were paid very low wages, possibly lower wages than for Filipinos. Simply the only reason they would have illegal workers is to save on labor cost. These were not high tech workers or mid management.
Therefore I conclude they never had enough money to go mongering in Fields or perimeter. Probably never even ventured out of their work place or where they were housed.