For the past few months, Indian Paypal users have been frustrated with the Paypal for blocking personal payments to and from India. This came about as RBI had issues with Paypal working as an offshore money transferring company. Now this new announcement is definitely going to be a blow to Paypal in India.
Starting March 1st 2011, the not be allowed to receive payments that exceed $500 per transaction. Also, you won’t be able to keep any money in your online PayPal account – all money received into PayPal must be transferred to your Indian bank account within 7 days. You can read the detailed official announcement on PayPal.com.
If you are running any online business from India and relying on PayPal services, you should be ready with the alternative now. To make task bit simpler, we have searched 20 Useful PayPal alternatives for Indians
Top 20 PayPal Alternatives for Indian Users
- AlertPay
- Xoom
- Moneybookers
- 2CheckOut
- PayPay
- Fastspring
- iKobo
- E-junkie
- Obopay
- CCNow
- ProPay
- Google Checkout
- DirectPay
- Western Union
- TrialPay
- EBS
- CCAvenue
- ABCPayments
- Transecute
- Paymate
[Note: Please try them at your own risk. We are not responsible for any loss.]
Above mentioned PayPal alternatives may or may not work for you in India, so the best alternative is to use the Credit Card. Collect it from your bank to continue your online transactions.
The question still remains whether the online users can trust other payment gateways as much as Paypal. Will you look for other payment options or will you remain a Paypal faithful? If you know any other PayPal alternative, please let us know.
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Thiru@webappdirectory
Feb 05. 2011
Nice list, I have already known some of the items on your list…few things are new to me..
Thiru@webappdirectory recently posted..Scubblycom – Digital marketing platform
Anoop John
Feb 12. 2011
This site – paypalalternatives.in – has more information about some of the gateways listed above. But they don’t have information about everything though. BTW I am not sure if Google Checkout would work for Indian merchants as it is currently said that they offer services only to UK and US.
Anoop John recently posted..RBI throttles Paypal – One step forward and two step backward
Nick S
Jul 21. 2011
This is 50% useful. There are no reviews of the services.
Swamykant
Jul 21. 2011
Hi Nick
We will soon come up with reviews too
alt bin
Aug 24. 2011
what about Bitcoin? open source and free!
http://bitcoin.org
http://en.wikipedia.org/wiki/Bitcoin