1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

RBI guidelines problems for paypal India

Discussion in 'Business & Tax Advice' started by monstertech6, Sep 6, 2011.

  1. monstertech6

    monstertech6 BANNED BANNED

    Joined:
    Apr 13, 2011
    Messages:
    1,057
    Likes Received:
    33
    Hi,

    I am from India and i want to start one site where anyone and buy and sell. I want to use Paypal. But problem is RBI guidelines for Indian Paypal user creating problem.

    I want your advise what gateway is use for my site. I have talked to many payment gateway company about this and they charge very big amount. Some one tell me about Alert Pay.

    Please tell me what can i do.
     
  2. Jeevs

    Jeevs Supreme Member

    Joined:
    Dec 14, 2010
    Messages:
    1,359
    Likes Received:
    1,628
    Try Alert Pay,Plimus...but adding a card to your PP account solves the mess..
     
  3. IamBlackhatter

    IamBlackhatter Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 26, 2011
    Messages:
    2,537
    Likes Received:
    1,458
    Gender:
    Male
    Occupation:
    Software Developer
    Location:
    india
    just get a cc attached to your paypal to send and receive money can't accept and send money to indian users
     
  4. microsoft

    microsoft Junior Member

    Joined:
    Aug 25, 2011
    Messages:
    192
    Likes Received:
    83
    Occupation:
    Student
    Location:
    Currently in India :P
    According to Indian regulations, we need to add a bank account in India in order to receive payments and withdraw funds.

    Also, name of your PayPal account must match the name on your bank account.
     
  5. monstertech6

    monstertech6 BANNED BANNED

    Joined:
    Apr 13, 2011
    Messages:
    1,057
    Likes Received:
    33
    that right microsoft, but problem is RBI band to Paypal for Transaction India to India users and also Indian user cant user their Paypal money to buy anything.
     
  6. IamBlackhatter

    IamBlackhatter Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 26, 2011
    Messages:
    2,537
    Likes Received:
    1,458
    Gender:
    Male
    Occupation:
    Software Developer
    Location:
    india

    No if you add a credit card to your paypal you can send and receive money to all other countries except india cant make a payment or accept a payment from indian users also to withdraw your money you should have a bank account added hope it clears you
     
  7. mohan1218

    mohan1218 Registered Member

    Joined:
    Dec 2, 2010
    Messages:
    62
    Likes Received:
    36
    But the main problem is the limit $500/month ....can adding CC solves this problem?
     
  8. monstertech6

    monstertech6 BANNED BANNED

    Joined:
    Apr 13, 2011
    Messages:
    1,057
    Likes Received:
    33
    ya that's problem is very big and what solutions you suggest.
     
  9. microsoft

    microsoft Junior Member

    Joined:
    Aug 25, 2011
    Messages:
    192
    Likes Received:
    83
    Occupation:
    Student
    Location:
    Currently in India :P
    Adding a bank account solves all your problems.
     
  10. Subject

    Subject Power Member

    Joined:
    Dec 26, 2007
    Messages:
    656
    Likes Received:
    303
    Location:
    Living With Articles!!
    Try, Google Checkout...
     
  11. monstertech6

    monstertech6 BANNED BANNED

    Joined:
    Apr 13, 2011
    Messages:
    1,057
    Likes Received:
    33
    You mean if i add my bank account then i can pay any Indian users via Paypal or bank account?
     
  12. IamBlackhatter

    IamBlackhatter Jr. VIP Jr. VIP Premium Member

    Joined:
    Feb 26, 2011
    Messages:
    2,537
    Likes Received:
    1,458
    Gender:
    Male
    Occupation:
    Software Developer
    Location:
    india
    once you add a cc your sending limits will be removed and hope receiving limits will also be increased to more than 500$
     
  13. imserious

    imserious Senior Member

    Joined:
    Mar 27, 2009
    Messages:
    946
    Likes Received:
    560
    Limit is $500 per txn and not per month..

     
  14. recreation123

    recreation123 Newbie

    Joined:
    May 31, 2011
    Messages:
    10
    Likes Received:
    0
    i want to annonymous while making money through paypal..
    how can i do it?
     
  15. Corrupt

    Corrupt BANNED BANNED

    Joined:
    Sep 15, 2011
    Messages:
    805
    Likes Received:
    412
    You can't. Either use Libertypay or pay using a VCC and fake information.