[HELP] PayPal halts some India payments - Indian Users

[buzzinusa]

Indian users of online money transfer service PayPal face a long wait after the firm abruptly suspended personal payments because of regulatory issues. Last month's move followed questions from the Reserve Bank of India (RBI) about whether PayPal complies with laws on cross-border money transfers.
Neither PayPal, which is based in the US, nor the RBI was able to say when the issue might be resolved.
The affair has left many Indian users of PayPal frustrated.

Read More Here

http://news.bbc.co.uk/2/hi/south_asia/8511553.stm

Question: If Paypal will not allow us doing transaction than, is there any other alternative???


Please reply guys..

 

[Buzzika]

Use any other service to recieve payments. RBI sucks.... There policies bar indian debit cards to be used online....

 

[buzzinusa]

Use any other service to recieve payments. RBI sucks.... There policies bar indian debit cards to be used online....

I never tried any other service. Can you please suggest me some good services?

 

[Buzzika]

Xoom, Moneybookers and many more...
btw, you have posted in the wrong section. all such posts should be in The Lounge.

 

[buzzinusa]

Xoom, Moneybookers and many more...
btw, you have posted in the wrong section. all such posts should be in The Lounge.

I was not sure. How I can move this to Lounge?

Mods please move this to Lounge

 

[BigBuddy]

Check this you will find lots of info....

http://www.blackhatworld.com/blackhat-seo/business-tax-advice/168315-gaypal-new-problem-please-help-me.html

 

[super11]

The problem associated with a switch to some other provider would mean losing lots of clients since most of the clients choose Paypal to make payment. On the other hand, only "personal" option is blocked, you can still receive payment via Paypal through "goods/services" option. Funds can be withdrawn from Paypal to your bank account using "xoom.com" services. And of course, if the client is willing to pay you directly into your xoom account then you will save some fees for yourself. All you need to is supply your name and bank account information to your client. It takes few minutes to open a xoom account and no credit or debit card is required for registration.

 

[buzzinusa]

The problem associated with a switch to some other provider would mean losing lots of clients since most of the clients choose Paypal to make payment. On the other hand, only "personal" option is blocked, you can still receive payment via Paypal through "goods/services" option. Funds can be withdrawn from Paypal to your bank account using "xoom.com" services. And of course, if the client is willing to pay you directly into your xoom account then you will save some fees for yourself. All you need to is supply your name and bank account information to your client. It takes few minutes to open a xoom account and no credit or debit card is required for registration.

Xoom....How is service? I just visted the site. They charge heavy if I transfer from paypal..

 

[super11]

Xoom....How is service? I just visted the site. They charge heavy if I transfer from paypal..

The service is extremely good, but I have to agree that the charges are high.

 

[nixnash]

Xooms charges increased just now earlier it was around $7 for bank wire , But their service is good enough.

 

[jamesmith]

i think direct bank transfer is best.
Though it takes 7-8 days.

 

[shapsp]

the flow of cash to indians from unknown sources are way too incredible.
thats why RBI is forcing some rules.

 

[dheer]

i think direct bank transfer is best.
Though it takes 7-8 days.

what the heck? did you ever used xoom? don't try to spread rumors.. Xoom is a great service and you ll get your money within 24 hours. I myself used the service. and you can also find coupon codes to avoid Xoom fee.

 

[sivaji]

I think withdrwal through Cheque is the good option.
Try it once and post your response

 

[webmasterassistant]

i have not heard about xoom anyway i will give a try on it.

 

[buzzinusa]

i think direct bank transfer is best.
Though it takes 7-8 days.

Bank transfer is not possible now...Paypal stopped sending payments direct in bank account for Indian users because of RBI issue.

 

[buzzinusa]

I think withdrwal through Cheque is the good option.
Try it once and post your response

Cheque takes total 45 days... Its hard to wait so long.

 

[supersenwins]

When can we expect withdrawals to bank account get functional again ??

Any updates on that front??

 

[Deleted member 17472]

can any one post any updated info regarding this issue???

 

[blackfalcon]

There is a update regarding this issue in paypal's blog

https://www.thepaypalblog.com/2010/02/an-open-letter-from-farhad-irani-on-the-situation-in-india/

And as per the info check only takes 5-7 days to reach you(but not sure how long for encashment) . They will even reverse the charges for check transfer. IF this is true, then its ok for me.

I had some trouble with xoom.i tried the cash pickup option and they canceled the transaction stating that what i was trying to do is intra india money transfer and that's not permitted.

Cheque takes total 45 days... Its hard to wait so long.