Indian Paypal users must read this

@All

How much are VCC safe?

I mean my main problem is the taxes applied by Paypal in currency conversion!!!

I have to pay 2.5% fee to get the money to my bank then they will charge my CC again 2.5% as currency conversion fee to buy online!! :(

So my question is what if i open a US or any non- Indian paypal account and verify it with VCC and fill it with a little amount like 100$ per month from my customers to pay off my monthly hosting and sever costs?

Will there be any problem?

Thanks!
 
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You can get cc on the basis of FD from any nationalised banks in india. you get the 75% of the amount of FD deposited in that bank. It applies to all most all nationalised banks in india.It takes atleast 21 days in all banks to receive one.
 
gowithgaurav said:
@All

How much are VCC safe?

I mean my main problem is the taxes applied by Paypal in currency conversion!!!

I have to pay 2.5% fee to get the money to my bank then they will charge my CC again 2.5% as currency conversion fee to buy online!! :(

So my question is what if i open a US or any non- Indian paypal account and verify it with VCC and fill it with a little amount like 100$ per month from my customers to pay off my monthly hosting and sever costs?

Will there be any problem?

Thanks!
Click to expand...

One problem, how will you send them the docs when they "limit" your account?
 
Are there just 2 banks offering such net banking services in Ur country? :D and then there was an old man known ANNA HAZARE phew! I hope I got that one right!! God knows what you people land up in.. :P SCAMS SCAMS
 
jsurya said:
I have done it bit differently...

I applied a new savings account in ICICI Bank with this link
http://www.b2.icicibank.com/

This account is branch free banking and only works for online transactions. So, No Plastic Cards, No Cheques, No paperwork (only during application process) other than no paperwork.

After online application submitted, the next day a guy came from the Bank and filled up everything and got the signs. After 10+ days, I got the login details of the account!

Features:
No Minimum Balance Requirements, so no AQB Charges!

You will get a Ewallet Visa Virtual Card, the 16 digital number is permanent for you and nothing like expiry after 24 hours like VCC, I added the card to my paypal account and so for pays the bill with the card via Paypal.

You can deposit the money from your other bank accounts.

They need other bank 6 month statements, Pan Card, Address proof, for account opening! No need to go to the bank!

Another way
Using HDFC VCC, if you have savings account with them, you can load the amount to VCC with savings balance, but it will expire after 24 hours, before I used this for payments, but now using ICICI ewallet.
Click to expand...


How do you withdraw money from this a/c?
 
Sorry bro, I didn't check this thread after then..!

This ICICI bank account has the option to transfer the money to other bank accounts, but I have not tried yet, as I am currently using only for payments to made through Paypal and any other online payments.

So, whenever I need to pay through paypal or with CC, I load the money from the other bank account to this account and if any balance in the card, it will used for later transactions, it won't expired like VCC!!

penpal6 said:
How do you withdraw money from this a/c?
Click to expand...
 
mangobajito said:
Hey extremephp,
you mentioned " Maximum amount in a single transaction : $500 "
So what does it actually mean?

and

can any one explain me the difference b/w personal,primiere and business paypal
i am in personal now,getting more payments
should i need to upgrade for premiere
Click to expand...

you should start getting premier account now.. to avoid being in trouble when paypal attacks..
 
LX911 said:
Are there just 2 banks offering such net banking services in Ur country? :D and then there was an old man known ANNA HAZARE phew! I hope I got that one right!! God knows what you people land up in.. :P SCAMS SCAMS
Click to expand...


BEWARE ... There Maybe Some Fidayeen Beside You Wanting To Blow Himself:D
 
jsurya said:
I have done it bit differently...

I applied a new savings account in ICICI Bank with this link
http://www.b2.icicibank.com/

This account is branch free banking and only works for online transactions. So, No Plastic Cards, No Cheques, No paperwork (only during application process) other than no paperwork.

After online application submitted, the next day a guy came from the Bank and filled up everything and got the signs. After 10+ days, I got the login details of the account!

Features:
No Minimum Balance Requirements, so no AQB Charges!

You will get a Ewallet Visa Virtual Card, the 16 digital number is permanent for you and nothing like expiry after 24 hours like VCC, I added the card to my paypal account and so for pays the bill with the card via Paypal.

You can deposit the money from your other bank accounts.

They need other bank 6 month statements, Pan Card, Address proof, for account opening! No need to go to the bank!

Another way
Using HDFC VCC, if you have savings account with them, you can load the amount to VCC with savings balance, but it will expire after 24 hours, before I used this for payments, but now using ICICI ewallet.
Click to expand...



And How Much Is The Starting Cost ?:)
 
if someone want to buy my Indian verified PayPal account which have $56 in it then just PM me Thanks
 
hi all, i'm looking how to open a bank account in india if you are not indian resident?need it for vcc. Maybe indian residents can help me?
 
Thanx for the info. Nice thread, helped me a lot!
Here u can hav more info :)

(e-wallet card= vcc here) Should Have internet baking a/c

Axis Bank e-Wallet Card - Making your online shopping more secure-
e-Wallet Card is an electronic card which works like a credit or a debit card for making secure online payments towards a merchant. It can be created by all Axis Bank internet banking customers and also no registration is required for the same.

The main benefit of this card is that the debit/credit card number is not compromised on an unknown website.
 
Last edited:
Allow me to ask a stupid question: Most people in this forum are Indians? Sorry, I'm just curious.
 
i already apply to open an account with ICICI but i received an email from the said they cannot approve it.
there is selected country only outside India that can apply for ICICI account.
 
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