PayPal
is the most usely online Money transaction Service where people can
send, receive, withdraw and hold payments. More than 80% people in the
world use PayPal money transaction service.
As
lot people know that PayPal is banned in Pakistan and in many other
countries like Iran, Egypt, Iraq, Afghanistan. And now even India is
facing problem with new PayPal policies.
Now
how can one really use PayPal in a country where PayPal does not
function. The solution is more simple than you can Imagine. Read The
Full Post:
For a complete list visit this link: PayPal Accepted Countries
If
you have any trustful friend, family member or a relative living in any
of the above countries, then you simply need to ask for there
generosity in this serious case. How? Follow up.
How I created my PayPal Account in Pakistan?
I
have my cousin living in California USA. She is a housewife and an
American National. I simply asked her if she could use her credit card
to open a PayPal account for me using her Local Bank. Fortunately she
was more than happy to help me out and it took her less than a week to
fill all the legal forms and create an Online PayPal account. This whole
process cost her less than $20 Dollars. Just after five days I was able
to log into my PayPal account using my own Username and Password.
Now
whenever I have to withdraw some cash out of my account, I simply call
my sis and she being the original owner of my account withdraws the
amount using her Local Bank and credit card. Within 3 days I receive the
amount at home through Western Union Cash Out
This method works fine for me and is a simple practical way of using PayPal the other way Round. As simple as that! =)
How To Effectively Use PayPal In India With Current Problems?
To
get rid of the new rules set out to India by PayPal then I would highly
suggest my Indian friends to see if my proposed way could be a reliable
solution to their current problem. A foreign Account can be used to
withdraw as much as you want out of PayPal with no restrictions at all. You just need a good friend or relative to get the job done!
"
The only solution right now is either use debit/credit cards for online
payment or switch to moneybookers or alertpay. The second option
doesn't guarantee that your problem is solved forever because as more
people switch to other options RBI can impose these rules on
moneybookers and alertpay as well in future.
Another solution for payments is using VCC but not a very good idea I think.
As for receiving money is concerned here is an eg. what you can do.
Eg. You are about to receive 1000 USD from someone but the limit is 500 USD. So what you can do is get that 1000 in two transactions of 500 USD each. It doesn't matters how many times in a month you receive 500 USD.
The rules are not fully implemented yet in all accounts. Some are able to send money as they used to do before and some cannot. Its just a matter of time when the rules are fully implemented.
Although I don't see that anything is gonna change in these pathetic rules you can still take a step forward a make a petition on the following site informing RBI how these rules affects you.
Here is the site where you can file your petition: Internet Entrepreneurs of India's Petition to RBI "
I also asked him to further explain what VCC is and how widely do people use Money bookers and alertPay. To which he answered:
"VCC
(Virtual Credit Card) is somewhat like a temporary credit card you can
say. It is valid just for just 24 hours. Not all banks provide this
service. HDFC Net Safe provides a VCC.
To create a VCC you need to have an actual credit/debit card. After creation you get a different 16 digit no. and CVV no. etc etc. which is not related to your actual credit/debit card. By this you can shop online without worrying because it will expire in 24 hrs. and also you can set a limit of how much to use in that VCC. So VCC is for some one who do not want to pay online regularly or for people who are concerned about the security. For people who pay regularly online then attaching a credit/debit card to paypal is best option so far I think.
To create a VCC you need to have an actual credit/debit card. After creation you get a different 16 digit no. and CVV no. etc etc. which is not related to your actual credit/debit card. By this you can shop online without worrying because it will expire in 24 hrs. and also you can set a limit of how much to use in that VCC. So VCC is for some one who do not want to pay online regularly or for people who are concerned about the security. For people who pay regularly online then attaching a credit/debit card to paypal is best option so far I think.
And about alert pay and money bookers, I can say that money bookers is now getting popular after this paypal issue. Many people are switching to them because these rules are only imposed on paypal at the moment. But it will take time for online retailers because not all of them uses Money Bookers at the time because paypal was ruling but I guess they will start adding money bookers as an option for payment as well. Again its just a matter of time :)"
How Far Do You think This Solution Sounds For you?
I
would highly appreciate any other working solution that you may have
practically applied and it worked for you. The solution above is what I
personally applied and it worked just fine for me. I just hope it proves
useful to most of you.And work fine for you. Peace and blessings
:>
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