Sounds like a real competitor to PayPal (but limited to the Philippine market).
I’m still not sure though how easy it would be for other sites to integrate this service (or if it’s even allowed at all).
You can just probably checkout the site: http://www.sulitpay.com/ for more details.
UPDATE 4/2: It’s confirmed. It was just an April Fool’s joke.
eBay’s online payment division and the global leader in online payments, PayPal, has added a new withdrawal feature for its Philippine and Indonesian members, allowing them to conveniently withdraw funds from their PayPal accounts to their local bank accounts.
See: http://pages.ebay.ph/bankwithdrawal/
It’s probably a good time to go back to reading my first ebook from Apress titled:
Document As You Go 