MILYON88 PESONet — Limits, Fees & Settlement
PESONet is a Philippine payment rail regulated by the National Retail Payment System framework answers to Bangko Sentral ng Pilipinas.
- Operator
- The Philippine Clearing House Corporation holds the clearing switch operator designation from Philippine Payments Management, Inc.
- Regulator
- the National Retail Payment System framework answers to Bangko Sentral ng Pilipinas
- Settlement
- Same-day settlement at the clearing house depends on beating its cut-off
- Figures as of
- 2026-09
Not published by the source:
- Wallet limit
- Per-transaction cap
PESONet as a payment method is the subject below: its operator, its licence, and its published limits and fees.
PESONet at a glance
| Field | Value |
|---|---|
| Operated by | The Philippine Clearing House Corporation holds the clearing switch operator designation from Philippine Payments Management, Inc. |
| Regulated by | Bangko Sentral ng Pilipinas oversees the National Retail Payment System framework |
| Wallet limit | Not applicable to this rail |
| Per-transaction cap | Not published |
| Settlement | Same-day settlement at the clearing house depends on beating its cut-off; otherwise the next banking day applies instead. It skips weekends altogether and clears via several batch cycles each day instead of in real time |
| Published fees | No fee for electronic crediting ever falls on the beneficiary, as BSP requires. It’s the sending institution that may apply a fee, with no rail-wide figure made public. |
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.
How fast money actually moves
PESONet settles Same-day settlement at the clearing house depends on beating its cut-off; otherwise the next banking day applies instead. It skips weekends altogether and clears via several batch cycles each day instead of in real time. Before PESONet gets a withdrawal, an operator may run its own review — a rail matter, not a casino one — and most of the waiting time comes from there.
As ‘no limit’ in BSP’s own comparison table is exactly how PESONet’s per-transaction cap gets recorded, given the scheme sets none. Since each participating institution decides its own cap, blame for a rejected transfer sits with the bank’s rule, not the rail’s. Instead of a blank where a number should be, this is the field’s genuine answer.
Verification tiers
Verification tiers for PESONet, if published, weren’t located, so none are listed. 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.
What PESONet says about gambling transactions
A sourceable public position from PESONet on gambling merchants isn’t available for this page. Not the same as permission: e-money issuers routinely rely on merchant-category rules that were never published, so a transfer can be declined with no published rule behind the call.
Paying with PESONet at MILYON88
- Sign in at MILYON88 and open the cashier.
- PESONet sits among the payment methods the cashier lists for your account — select it.
- Make sure the name on your MILYON88 account matches the name on your PESONet 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
- Bank TransferUnder a framework called the National Retail Payment System, set out in Circular No., Bangko Sentral ng Pilipinas governs this. 980
- Over-the-Counter Cash AgentsThe Anti-Money Laundering Act applies further, alongside oversight by Bangko Sentral ng Pilipinas, which treats these as money service businesses
FAQ
Who regulates PESONet?
Bangko Sentral ng Pilipinas is who the National Retail Payment System framework answers to.
How long does PESONet take?
The rail settles Same-day settlement at the clearing house depends on beating its cut-off; otherwise the next banking day applies instead. It skips weekends altogether and clears via several batch cycles each day instead of in real time. An operator runs its own review before releasing a withdrawal, a separate step that's usually longer.
How do I pay with PESONet at MILYON88?
Log in, visit the cashier, and choose PESONet from the options listed for your account. Make sure the name on both accounts lines up, and check the limits the cashier shows before confirming.
Does PESONet charge fees?
Published fees: No fee for electronic crediting ever falls on the beneficiary, as BSP requires. It's the sending institution that may apply a fee, with no rail-wide figure made public.. Providers revise these without notice.