Best PayPal Alternatives in India

PayPal is one of the most popular online payment service used in India but as we see in past few months the tiff between PayPal and Government of India has been a disaster for SMB's units in India. People in India unable to withdraw money via PayPal account till they get IEC code.

We had already discuss once about the alternative of PayPal "Use Xoom to Get your money from PayPal to your Local bank" but that too is not too much efective. Here are some best alternatives available for PayPal and can be consider for online payment processing.

www.moneybookers.com : It is free to join and is available for transaction in a lot of countries. It also provides bank transfers unlike PayPal, where the only option is to receive the money by check. It is fast, easy to use and very secure. Moneybookers enjoys tremendous popularity owing to these factors.

www.alertpay.com :AlertPay ensures the safe and speedy transactions by credit card, allows transactions from more than 190 countries, has provision to shop and sell securely, and permits flexible depositing and withdrawal options. The AlertPay online business account is designed to specifically help online businesses.

www.ikobo.com : iKobo has been helping people send money safely, quickly and easily since 2001. With iKobo you can send money anytime day or night and money can be picked up using the iKobo prepaid Visa card at over 1 million ATMs worldwide. The iKobo card can also be used to make purchases at the over 20 million stores that accept Visa

www.2checkout.com : This international online payment service has proved to be a secure reseller for thousands of tangible and digital products and services. Fast and easy to use, this service employs effective fraud detection mechanisms. The service also promises a 30 day money back guarantee in case of dissatisfaction.

www.epay.propay.com :ProPay has been instrumental in providing simple, safe credit card processing and electronic payment services. It also provides a suite of secure, end-to-end, enterprise payment solutions. This service helps businessmen to set up online accounts and accept payments without any long term investment or commitment. It also educates merchants on how to eliminate or reduce the risk of holding sensitive cardholder’s data.

Happy Blogging ! 
Nitin Chauhan | nitin@maximumhit.com | www.maximumhit.com
http://nitinmaximumhit.blogspot.com "We brand our clients to stand out from the competition."

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”.

Happy Blogging !

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

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

PayPal Temporarily Stop Some India Services

PayPal an online payments company has temporarily stop personal payments to and from India and transfers to local Indian banks.

PayPal, in a weekend blog post on the company website, said the operations were on hold "while we work with our business partners and other stakeholders to address questions they have about the service."

PayPal, which is owned by online auction giant eBay, did not provide any further details about the move.

It said 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," PayPal said.

Happy Blogging !

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

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