MILYON88 Over-the-Counter Cash Agents — Limits, Fees & Settlement
Over-the-Counter Cash Agents is a Philippine payment rail regulated by The Anti-Money Laundering Act applies further, alongside oversight by Bangko Sentral ng Pilipinas, which treats these as money service businesses.
- Operator
- It isn't a single operator running this but several independently owned agent networks, each with its own separate BSP accreditation and its own contract with wallets and billers, among them Palawan Pawnshop, M Lhuillier, Cebuana Lhuillier and Philippine Seven Corporation's CliQQ counters located in 7-Eleven.
- Regulator
- The Anti-Money Laundering Act applies further, alongside oversight by Bangko Sentral ng Pilipinas, which treats these as money service businesses
- Settlement
- without delay for cash handled in person at the counter, though the linked wallet may be credited within minutes or as late as the same day depending on the receiving institution
- Figures as of
- 2026-09
Not published by the source:
- Wallet limit
- Per-transaction cap
Below covers Over-the-Counter Cash Agents as a payment method — who runs it, its licensing, and what it publishes about limits and fees.
The essentials of Over-the-Counter Cash Agents
| Field | Value |
|---|---|
| Operated by | It isn’t a single operator running this but several independently owned agent networks, each with its own separate BSP accreditation and its own contract with wallets and billers, among them Palawan Pawnshop, M Lhuillier, Cebuana Lhuillier and Philippine Seven Corporation’s CliQQ counters located in 7-Eleven. |
| Regulated by | The Anti-Money Laundering Act applies further, alongside oversight by Bangko Sentral ng Pilipinas, which treats these as money service businesses |
| Wallet limit | Not applicable to this rail |
| Per-transaction cap | Not applicable to this rail |
| Settlement | without delay for cash handled in person at the counter, though the linked wallet may be credited within minutes or as late as the same day depending on the receiving institution |
| Published fees | Not published |
No single rail means no rail-wide fee — the rate depends on whichever agent network or receiving wallet is involved, each setting its own. Because none of Cebuana Lhuillier, M Lhuillier, or Palawan publishes a matching consumer schedule, the OTC pricing of free up to PHP 8,000 then 2 per cent beyond should be credited only to GCash.
2026-09 is when these point-in-time figures were logged. Because payment providers revise limits and fees without notice, only the provider’s own page stays current.
Verification tiers
No published verification tiers could be located for Over-the-Counter Cash Agents, which is why none appear. Identity verification is nonetheless the norm on regulated Philippine e-money accounts, and an account without it is usually what causes a lower-than-expected limit.
Consumers won’t find any tier system operating across these networks. A mandatory report gets triggered whenever a cash transaction tops PHP 500,000, since the Anti-Money Laundering Act defines that as a covered transaction — the one genuinely cross-cutting threshold, tied to BSP Circular No. The trigger point for enhanced due diligence on cash withdrawals climbed to PHP 1,000,000 from PHP 500,000 through 1230 in February 2026. These are obligations the institution reports on, not restrictions on the customer, spanning BSP-supervised institutions generally instead of cash agents in particular.
Paying with Over-the-Counter Cash Agents at MILYON88
- Sign in at MILYON88 and open the cashier.
- Look for Over-the-Counter Cash Agents among the payment methods the cashier lists for your account and select it.
- Make sure the name on your MILYON88 account matches the name on your Over-the-Counter Cash Agents account.
- Take a look at the cashier screen’s minimum, maximum and fee, then confirm the amount.
Your account’s live limits are on the cashier screen, so read that before any first deposit with a new method.
Other payment rails explained here
- GCashHolding an Electronic Money Issuer licence issued by Bangko Sentral ng Pilipinas
- GrabPayan Electronic Money Issuer license under the Bangko Sentral ng Pilipinas, in place since 2018
- InstaPaygoverned by the National Retail Payment System framework of Bangko Sentral ng Pilipinas
- PESONetthe National Retail Payment System framework answers to Bangko Sentral ng Pilipinas
- Bank TransferUnder a framework called the National Retail Payment System, set out in Circular No., Bangko Sentral ng Pilipinas governs this. 980
FAQ
How do I pay with Over-the-Counter Cash Agents at MILYON88?
Open the cashier after signing in, and choose Over-the-Counter Cash Agents among the methods listed for your account. Make sure the name on both accounts lines up, and check the limits the cashier shows before confirming.
Does using Over-the-Counter Cash Agents come with fees?
Over-the-Counter Cash Agents' fee schedule isn't published in quotable form; its own page is the one to check.
How high is the wallet limit for Over-the-Counter Cash Agents?
Over-the-Counter Cash Agents does not state a wallet ceiling anywhere public, so this page quotes none.
Who regulates Over-the-Counter Cash Agents?
The Anti-Money Laundering Act applies further, alongside oversight by Bangko Sentral ng Pilipinas, which treats these as money service businesses.