Found out recently that SWA Ultimate no longer accepts payments via BPI. So we sent a message to Coach Kiko Javier and here's what we found out...
UPDATE (7/22): They're accepting payments via BPI deposit again.
BPI wanted Francis Chaves to change their bank account to a Remittance Account, because of the numerous payins/payouts.
Since there are several requirements to setup a Remittance Account, Francis Chaves opted to just close their account. Hence, SWA Corp will no longer accept BPI deposit payments.
Other details will be released, according to Coach Kiko, in an upcoming newsletter from SWA.
In the meantime, here are our observations / questions:
1. In the Payout Details section of your SWA Ultimate backoffice, you can still choose BPI / BPI Family for your payouts.
2. Question: What happens to SWA members whose payout details show BPI, and who made Payout Requests prior to July 20?
And for the members of Team Manny Viloria: Our recommended approach is still (as of this writing) via BDO deposit.
Will the BDO deposit payment option eventually go the way of GCash, Western Union, and BPI? It's possible.
If ever that happens, then switch to LBC Express.
Yes, that may entail additional transaction costs, but that's business. In the meantime, please focus "on what we have, and not on what we don't have." 🙂
That's one of the many things I've learned from Coach Kiko.
Here's another one: Wait and Hope. 🙂