Showing posts with label payment gateway. Show all posts
Showing posts with label payment gateway. Show all posts

Tuesday, March 23, 2010

Today Google Threat CHINA tomorrow Can be You ?


Google China fight is going hotter day by day and no one ready to move back. If Google say he is the world largest search company than China is among the world largest user for same and not only to increase in Information Technology we all know from McDonald toys to your Lovable mobiles, electronics and lot more are given by China Itself. They are the world largest manufactures for our day to day use products.

"Google entered China by promising to follow the rule of the land, and it censored the search results to abide it. But when hackers tried to hack the Gmail accounts of human rights activist from inside China, Google lost its cool. They went ahead and decided to take on Chinese government head-on"

If Google ready to censored the search result way back when they are in need to catch china market, Now why Google not ready to do the same.Just because of some hackers ? How can a hacker problem will be combined with search result ?

See what Yahoo Japan head feels about Google. "Google takes law in their hands and most of their success has come from such steps. He said that in an interview not related to Google-China conflict"

In October 2009 we had discussed about "Google’s contribution to International politics" where Google mapsite user of China saw Arunachal Pradesh as a part of China and Google India user saw the same as part of India. Arunachal Pradesh has been and will always be a part of India.

Google China conflict will be definitely a Bonus to India, we are happy today about the fact and most favor Google over China reason being India is a democratic country where freedom and rights are defined by the democratic principles.

Today there is hardly any signs of Google doing wrong with Indian Government but who will give assurence for tomorrow. Google and facebook are so big in India that its not easy for Government to handle the same. As we had already seen in one of the example of Arunachal Pradesh.

The situation is even worse for India as Indian Tech companies are no where near Chinese (www.Baidu.com) that can take the charge in case of conflict. Indian big three companies — Indiatimes, Rediff and In.com are very small, and is no match to Google.

As of now there is no issue with Google in India,but let me remind you one of the issue witch recently happen in India (not related to Google) and hits million of users. PayPal the online money transfer giant did not care about fulfilling the Reserve Bank of India criteria and stopped all personal payment in India in a very short notice or i say with no notice.

GigaOM writes, "An unnamed analyst quoted by IDG News Service says that the changes may be related to new government rules in India that are intended to prevent or discourage money laundering. These rules, introduced last year, require financial intermediaries to verify the identity of clients carrying out international money transfers." The problem came when Paypal did not take serious note of Indian government body’s policy change on time, and just ignored the legal obligations it had with the country.

India, and all nations where Google is becoming powerful, needs to be cautiously of this Google’s dangerous move in China.

Happy Blogging !

Nitin Chauhan
 | nitin@maximumhit.com | www.maximumhit.com

Wednesday, March 3, 2010

Get IEC Code for Paypal Withdrawal in India


To  keep a track on the money coming to India via PayPal, Ministry of Commerce and Industry has introduced this criteria where individuals need to fill in this ten digit number(IEC Code) to get their money out of the PayPal account.

Let me tell you what’s the IEC is ?

IMPORTER EXPORTER CODE ( in short IEC ) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonafide person/ company for carrying out import/export.

Where to get an IEC from?

IEC can be obtained from any of the Zonal and Regional offices of Director General of Foreign Trade depending on area/region where the individual/company is located. You can find a list of offices here.

Application procedure

The application form can be downloaded from http://www.dgft.org

The documents that you need for filing the application:

For Proprietorship firms:
  • Covering letter
  • Date of Birth of individual
  • Number of IECs held along with their details
  • Bank Certificate from the bank on Bank letter head as per proforma
For Companies:
  • Covering letter
  • Bank Certificate from the bank on Bank letter head as per proforma
  • Extract of Board of Resolution.
  • MOA with Form 32 and ROC in case of change in Directors.
For Others:
  • Covering letter
  • Bank Certificate from the bank on Bank letter head as per proforma
  • Notorised Partnership Deed showing date of formation.
  • No Objection Certificate from other partners/HUF.
Guidelines for filling the application:
  • Fill Part A, B & D of the application form.
  • Self certified copy of Permanent Account Number (PAN) issued by income Tax Authorities.
  • Two copies of passport size photographs of the applicant. The photograph pasted on the banker’s certificate must be attested by the banker with Seal and Signature of the applicant.
  • The application must be submitted in Duplicate.
  • Each individual page of the application must be signed by the applicant.
  • Self addressed envelope stamped with Rs. 15 (Local Address) & for others Rs.20/-. These documents may be kept secured in a file cover.

Fees for Applying

Application fee is Rs. 250/- which can be paid through Demand Draft/ Pay Order from any designated bank in favour of Zonal Joint Director General of Foreign Trade  of that region/ area.

How to submit application

Application can be submitted in person/by Authorised Employee of the Company at the R & I counters in the office Or It can be sent by post/courier.

Processing of Application

The application can be submitted at the counter in person at the office or it can be sent through Post/Courier. An acknowledgement in form of a receipt having File Number is generated on receipt of application. The file number is used for any correspondence/query regarding the IEC application submitted to the office. The application is then sent to IEC section where it is processed. If the application is found complete in all aspects (as per requirements prescribed) an IEC is generated, or else a deficiency letter stating the nature of deficiency is prepared and sent to the applicant. Replies are awaited in cases where deficiency letter is issued and after due compliance by the applicant the IEC is allotted.

Issue and Despatch of IEC

IEC allotment letter is sent through post at the registered office mentioned by the applicant in the application. Similarly deficiency letters are sent to applicant by post.

IEC File No. and Status

IEC application status available on the website of CLA
File No for IEC application
A new option to know the file number has been introduced for all exporter who are sending their application through Post/Courier. The applicant has to input PAN number to get the file number.
Status of IEC Application
The applicant can know the status of the IEC application using option “Status of IEC Application” on the website of CLA.
IEC issued day wise
IEC’s issued daily can be viewed on the website using option “IEC issued day wise”
File No for IEC application
Applicant’s who have sent their application through post/courier can know their file number using option “File No for IEC application”



http://nitinmaximumhit.blogspot.com "We brand our clients to stand out from the competition."

Monday, February 15, 2010

Use Xoom to Get your money from PayPal to your Local bank

As i mentioned earlier in my blog post's that users in India facing problem to withdraw their money from Paypal via Local Bank. Here is an alternative to get your money in your Local bank with the use of XOOM service.

 To catch the market XOOM providing an promotion coupons also which save more to you on fees charged by XOOM 

To get more promotion coupons visit http://www.retailmenot.com/view/xoom.com 

Here are the steps for using Xoom for withdrawing Money into local bank account.

- Goto xoom.com

- Signup with your real info. 

- Confirm your account once you got email from Xoom.

Now you can send money .

- Fill recipient information 

 
- Select Bank option


- Enter coupon code (Currently XOOM2010 is a valid code) if you have.


- Authorize the payment.

You will get the transaction status updates from xoom to your email id.



Note that i am not affiliated with xoom.com. I am just providing the information collected from various sources.

http://nitinmaximumhit.blogspot.com "We brand our clients to stand out from the competition."

Monday, February 8, 2010

Why PayPal Stop Personal Payments in India?


Hi Friends

As i mentioned in my last post that "PayPal Temporarily Stop Some India Services". PayPal has temporarily withdraw the service from India which includes:
  • Personal Payment to or from India
  • Transaction from PayPal to Indian Bank
The Service which is still active is Purchase of goods/services through PayPal is still working.

The reason for PayPal to withdraw some services is that RBI (reserve Bank of India) asked some documents which PayPal failed to supply.

People in India who do transactions using PayPal are heavily affected. They are not able to withdraw money and can’t get personal payments.

According to Paypal’s Spokesperson Anuj Nayar:
“I’m writing to let you know that personal payments to and from India and transfers to local banks in India have been suspended while we work with our business partners and other stakeholders to address questions they have about the service.

During this time, customers can still make commercial payments to India but merchants cannot withdraw funds in Rupees to local Indian banks.


We’re trying to resolve the situation as quickly as possible and we’re really sorry for the inconvenience that this may cause our customers in India and around the world”.



http://nitinmaximumhit.blogspot.com "We brand our clients to stand out from the competition."