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[HELP] PayPal halts some India payments - Indian Users

Discussion in 'Black Hat SEO Tools' started by buzzinusa, Feb 15, 2010.

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  1. buzzinusa

    buzzinusa Registered Member

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    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
    Code:
    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..
     
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  2. Buzzika

    Buzzika Senior Member

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

    buzzinusa Registered Member

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

    Buzzika Senior Member

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

    buzzinusa Registered Member

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

    Mods please move this to Lounge
     
    Last edited: Feb 15, 2010
  6. BigBuddy

    BigBuddy BANNED BANNED

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    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
     
  7. super11

    super11 Jr. VIP Jr. VIP

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    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.
     
  8. buzzinusa

    buzzinusa Registered Member

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    Xoom....How is service? I just visted the site. They charge heavy if I transfer from paypal..
     
  9. super11

    super11 Jr. VIP Jr. VIP

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

    nixnash Power Member

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

    jamesmith Junior Member

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

    shapsp Power Member

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

    dheer Jr. VIP Jr. VIP Premium Member

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    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.
     
  14. sivaji

    sivaji Registered Member

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

    webmasterassistant Regular Member

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

    buzzinusa Registered Member

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

    buzzinusa Registered Member

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

    supersenwins Junior Member

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

    Any updates on that front??
     
  19. mrxinbollywood

    mrxinbollywood Elite Member

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    can any one post any updated info regarding this issue???
     
  20. blackfalcon

    blackfalcon Newbie

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

    Code:
    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.