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Using MoneyGram to remit your YL Commission

Paylution offers different options for you to transfer/remit your commission. Direct
bank transfer is the easiest and most convenient since you will not need to go out of
the house to transfer funds and the fee is only around PHP140. However, the foreign
exchange rate being used for this method is quite low and you need to wait around
1-3 days before the money is transferred to your account. Transfer fee for using
MoneyGram is a bit higher ($8 per transaction), but the exchange rate is higher as
well, plus processing time is only around an hour (you will need to go to a
MoneyGram location though). You can opt to receive your commission in PHP or
USD, but getting it in USD will give you the most out of your commission. Suggestion
is to remit your commission in USD, then change it to PHP thru your
bank/MoneyGram location. This should be worth it once you start receiving $500 or
more. There’s a sample computation below (to compare the difference between
bank transfer and MoneyGram) and a step-by-step instruction on how to do this.

Sample computation:

Paylution available funds = $500 USD

Via Bank Transfer (BPI) Via MoneyGram (USD)

Forex rate = 1 USD = 47.75 PHP 500 USD – 8 USD Fee = 492 USD
500 USD = PHP 23,875 BDO Forex Rate = 49.65 PHP
Fee = PHP 140 492 USD = PHP 24,427.80
Total = PHP 23,735

Paylution Account:

1. Log in to your Paylution account. For those who will receive their commission
for the first time, check your email for instructions on how to setup your
Paylution account.
2. Click on Transfer/Transfer Funds, then click on ‘Add New Transfer Method’
3. In ‘Select Country and Currency’ choose ‘USD’ (This is important, because if
you choose PHP, you will be using MoneyGram’s Forex rate instead). In
‘Select Transfer Method’ choose ‘MoneyGram’. Click Continue
4. Setup your test question and test answer. Keep your question short & simple
for it to be valid. Click Continue.
5. Double check your details in the next page and if everything is correct, click
Confirm.
6. Once setup is successful, you can now go to ‘Transfer to MoneyGram
Location’ and transfer your commission.
7. You should receive an email with the details of your transfer. Take note of
the reference number in the email.
8. Go to your preferred/nearest MoneyGram location (BDO/Cebuana/Villarica).
You can find one at http://moneygram.ph/ph-tl-locator
Tip: Villarica has the highest Forex rate
9. Prepare 2 IDS and fill up withdrawal form. Prepare the ff information:
a. Reference Number found in confirmation email.
b. Sender – Young Living
c. Sender’s Tel # - 1-800-371-3515
d. Relationship to Sender
e. Reason for payment
10. Receive your commission 
11. You can now buy more oils LOL

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