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Best Pawn Shops for Remittance Pickup Services in the Philippines

Updated on Jan 21, 2020
Philippine Pawn Shop

If you’re an OFW, it pays to know where your loved ones can get your remittances wherever they are in the Philippines. And with every pawnshop in almost any town in the Philippines, it won’t be difficult to find one for them–but only if you can point them in the right direction with this guide. We have hand-picked the best pawn shops and listed everything you need to know about them.

Pawn Shops have evolved from a place you could count on when you’re in a pinch to one of the best assets for overseas Filipino workers (OFW). Although they only catered to domestic transfers originally, they eventually expanded their reach and started accepting international remittances.

Find out which pawn shops cater to certain remittance services—wherever you are.

    Cebuana Lhuillier

    Started with only four branches back in 1988, Cebuana Lhuillier has expanded its reach to more than 2,500 pawn shops scattered all over the Philippines. While they eventually started their business as a pawnshop, Cebuana expanded its services to savings, insurance, and most importantly, remittance. The company is headquartered in Makati.

    Initially, Cebuana Lhuillier started its remittance services from domestic remittances but worked its way by teaming up with numerous international money transfer service providers. As one of the biggest players in the pawnshop industry, it has used its wide network to reach out to families of overseas Filipino workers.

    To know if you can claim your remittance via Cebuana Lhuillier, here are the accredited operators that have a partnership with the said pawnshop:

    FAQs

    Does Cebuana Lhuillier have round-the-clock remittance services?

    Yes, in cities such as Baguio, Olongapo, Imus, Angeles, and Makati.

    How many IDs do my beneficiaries need to claim their money?

    To claim money via Cebuana Lhuillier, your recipients need at least one government-issued ID with a photo.

    Do they have membership programs for regular customers?

    Yes. It’s called the Cebuana Lhuillier 24k Rewards Program. By having a 24k Rewards Program membership, you can get points for every payout and transfer on your account. Each point is as good as 1 PHP and can be used for goods and services.

    M Lhuillier

    Like Cebuana Lhuillier, M Lhuillier is another big fish not just in the pawnshop business but also in the local remittance sector. With its roots tracing back to jewelers in Cebu back in the 1940s. As the company grew in the 1950s, it extended its core business to financial services and it has become a known pawnshop brand ever since.

    Currently, M Lhuillier has around 2,000 branches all over the Philippines. Although pawning is still its biggest business, the company has also become a powerhouse in the local remittance industry. Additionally, it also offers other services such as cash loans, microinsurance, money-changing, and utility payments.

    If you think M Lhuillier is better suited for your needs then you want to know which money transfer companies M Lhuillier has partnered with:


    FAQs

    Does Cebuana Lhuillier have round-the-clock remittance services?

    Yes. M Lhuillier has 24-hour branches in cities such as Makati, Mandaluyong, Taguig, Quezon, Marikina, Pasig, Caloocan, Parañaque, Pasay, Muntinlupa, Las Piñas.

    How many IDs do my beneficiaries need to claim their money?

    To claim money via M Lhuillier, your recipients need at least two government-issued ID with photo.

    Do they have membership programs for regular customers?

    Yes. Their membership program is called ML Diamond Card. Under this reward program, you can get discounts and freebies at select establishments such as restaurants, pharmacies, hotels, salons, and others.

    Palawan Pawnshop

    Pawn brokerage services were the cornerstone of Palawan Pawnshop, back when the province was badly lacking alternative ways for people to have financial access. Fast forward to thirty years, Palawan Pawnshop broadened its reach with numerous branches nationwide, including its remote headquarters in Makati City.

    Beyond pawning, Palawan has been aggressive in pushing its remittance services in a bid to become more renowned in the money transfer industry. Not only they’re connecting people in the Philippines when they need quick and reliable remittance services, but they’ve also teamed up with numerous reputable companies in the international stage. At the moment, Palawan has more than 2,000 branches nationwide, with its main office still located in Puerto Princesa City in its namesake province.

    Ready to know which top remittance service providers are accredited partners with Palawan Pawnshop? We’ve got you covered:


    FAQs

    Does Palawan Pawnshop have round-the-clock remittance services?

    Unfortunately, Palawan Pawnshop doesn’t have 24-hour branches at the moment.

    How many IDs do my beneficiaries need to claim their money?

    To claim money via M Lhuillier, your recipients need at least two government-issued ID with photo.

    Do they have membership programs for regular customers?

    Yes. Palawan Pawnshop’s membership scheme is called Suki Card, which allows members to earn points with every transaction, get rebates, become eligible for discounts for the company’s remittance and company services.

In this digital age, you can send money at a click of a button from the comfort of your home, office, coffee shops, which are just about anywhere with an internet connection. From the plethora of service providers, how do you select the best option to send money from to the Philippines?

Compare. Send. Save.

Compare the top money transfer companies side by side on CompareRemit select the best option that suits your needs, and send!

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