Assuming that the New RBI Rule email is legal, which alternative service provider similar to paypal would you suggest for Receive - Hold - Pay (US$). The Paypal is good for Receive & withdraw, but we need secondary service for Receive - Hold - Pay US$. You can call it Petty Cash(Bank) Service just to hold & pay amount of US$10 to few hundred for payments like domain purchase, hosting, coder or writer charges, small purchases etc. We don't want this service for withdrawal, so it does not matter if this service (similar to paypal) does not provide withdrawal in Indian rupees. Any suggestion guys?
any rule which is applicabel to pp is applicable to alertpay or moneybookers etc. indian regulator is targetting pp because pp is the only one who has volumes. ap or mb has very little market share, enough to ignore.
Which RBI email are you talking about , Please clarify or copy/paste, Without knowledge of what you are asking :, one can't take part in the poll it would encourage to take part in the poll only after reading the email
Well there are lot of speculation , I will only keep my eyes on official paypalblog and not the speculations