Saturday, January 29, 2011

Best Paypal Alternative In India

Buzz It
As some of you might already know that Paypal has been almost dead in India. Starting from March 1st paypal users will not be able to receive payments that exceed $500 per transaction also paypal you cannot keep money in paypal for more than 7 days and after 7 days it will be automatically transferred in your bank account

PayPal Best Paypal Alternative In India

As part of our commitment to provide a high level of customer service, we would like to give you a 30-day advance notice on changes to our user agreement for India.

With effect from 1 March 2011, you are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts facilitated by online payment gateways (“RBI Guidelines”).

In order to comply with the RBI Guidelines, our user agreement in India will be amended for the following services as follows:

1. Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services; and
2. Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.

We seek your understanding as we continue to employ our best efforts to comply with the RBI Guidelines in a timely manner.

We regret any inconvenience caused to you and hope the advance notice will enable you to plan your future use of our services accordingly. For further information, click here.

If you have any questions, please contact PayPal customer support by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page. We sincerely thank you for your patience and continued support.


The PayPal Team

It’s surely a big blow to Indian entrepreneurs, If you are from India and used paypal to accept and receive payments, You might be looking for a good alternative to accept and receive payments

I suggest you using Alertpay as an alternative to paypal

Why Alerpay?

Alerpay is a Payment processor similar to paypal, it also supports alot of Payment methods such as Wire transfer,checks etc .

There are two types of Alerpay accounts:

1.Personal account:
If you shop or sell online, the Personal accounts will ensure that your transactions are fast and safe:

* Make credit card payments

* Flexible depositing and withdrawal options

* Send money from 190 + countries

* Shop and sell online without revealing your personal information

2.Business account

If you run an online business and need a secure payment solution, try the Business account today:

Accept Credit Card payments
Manage multiple online businesses with one AlertPay account Work under your company name Built-in fraud protection

So what are you waiting for Signup for Alertpay and start sending and receiving payments in India.

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