Anyone else got the email alert after withdrawal (Indian Paypal Users) ??

whenever you do foreign transactions (whether it is a service or sale of goods) you are supposed to get IEC code. It is not hard to get it. it will take around 7 to 30 days and you will have to pay one time fee of Rs. 1500 (approximately) via Demand draft

 

Fuck RBI

Trust me, its gonna be more difficult for us, freelancers

 

if he pays with bank account the fee is less but if he pays with CC then he will be charged more.he will be charged not us check the link https://www.xoom.com/sendmoneynow/money-transfer-fees

 

one hell is just gone and another waiting to take its place.

 

why are you people getting so pessimistic? But yes, it means hell lot more problems for part time freelancers like the housewives etc, who anyways don't do enough serious work to take up all this hassle and the extra costs

 

this not only for part time freelancer.you may have enough money in your pocket so you are not worried for this temporary suspend and now you have also enough time for all this hassle. but just think who just got some work and invested all his money for this and right from the first month all these problem occur where he will concentrate on work or solving problem. and about extra costs who care if it is compulsory for all. yes we are afraid our system who shock all our time.

 

We, small time freelancers are in for big, big trouble

 

yes the system sucks .. but at least we have a system in place. Our rights to information are not actually upheld .. in fact nobody much cares ... but at least there is a solution now and yes I am thankful to God that I have enough money and am managing my work somehow but these things are enforced in this way only in India.. remember the recent mobile services related glitch in India .. they take off the oxygen first and then begin to operate on the patient

 

why trouble for small time freelancers?

 

Post Deleted.

 

I didn't really get that part about transfer to banks in India.
What do we submit to transfer to bank? Any clue?

 

i dont think so they would charge that much.i think it is depend on the money we transfer

 

Do we need this code to transfer funds to our bank account or receiving money in PayPal Accounts?

 

what do you think, guys?
can we withdraw to our credit cards like as usual?
Or do we need to an export code for even withdrawing to my credit card?

 

This code is henceforth necessary to transfer Paypal funds into an Indian Bank account!

Regards,

RightMan

 

What about requesting money from cheque.Are we still gonna require the code

 

So, you mean we can transfer funds to our credit cards like as we do now

 

As of now... Paypal is silent on these matter as its letter only chooses to address the issue of 'direct withdrawals to bank accounts'

Regards,

RightMan

 

Finally I have what Export code is all about and how we all as an individual get one. The process is simple and you can read about them here - http://www.codeitwell.com/how-to-get-an-export-code-for-paypal-in-india.html

If you have any questions do shoot at me as I have been doing lots of research on this whole day and can share with you.

Remember after all its saturday night and so will take a while to respond.

 

does bank certificate mean check or something else ??