What is the problem starting EFT in India?

Discussion in 'Payments' started by netjobs, Mar 11, 2007.

  1. #1
    I hope lots of people residing in India involves in this program and getting checks quite regularly and sometimes standard checks are missed out in the standard delivery, so me and few others (I think) opted for secured payment, but it costs $25 per delivery, its quite burning...

    Now what's the problem Google gets into EFT in India? or they're working in this issue? :confused:
     
    netjobs, Mar 11, 2007 IP
  2. godmode

    godmode Well-Known Member

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    #2
    the problem is not with google..the problem is the FEMA regulations in india. When you send money to india for any purpose it has to declared to RBI under FEMA regulations.

    I wonder if its a big problem..and let me tell you. Even in singapore we dont have EFT..i cant believe this..Singapore is like one of the most developed country.
     
    godmode, Mar 11, 2007 IP
  3. netjobs

    netjobs Banned

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    #3
    Well, I don't have much knowledge on FEMA things, but still I have few questions, while Google sending us checks without any problem and now in this occasion where is the FEMA gone? Are they allows paying thro checks?Then what the EFT is? This transaction is also done by bank only and Google did'nt puts the bunch of money in the cover and not delivering straight away to my house..

    We are not getting any illegal money, Google is such a big company and I think they should take some action to move on this issue.. If India still refuses, then India will stays alltime DEVELOPING COUNTRY forever!!
     
    netjobs, Mar 12, 2007 IP
  4. Set

    Set Peon

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    #4
    I don't know why, but Google doesn't send money by international bank transfers, only by local transfers which means it is only available in countries where Google does have a local branch. Ask Google to open a branch of their company in India and you'll have an EFT. :)

    But I think Google opens new branches only in those countries, which languages are supported by AdSense. So they would have to add a support for Indian language...
     
    Set, Mar 12, 2007 IP
  5. kks_krishna

    kks_krishna Active Member

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    #5
    According to google blogs, they are working with govts to roll out these features ASAP. It may take some time because it have lot of leagal formalities to do with govt.
     
    kks_krishna, Mar 12, 2007 IP
  6. skillfox

    skillfox Peon

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    #6
    hope it gets done very soon.
     
    skillfox, Mar 20, 2007 IP
  7. Lovely

    Lovely Well-Known Member

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    #7
    That is nice, I hope it will be resolved soonest and cheque to India will not be over delay again by RBI.
     
    Lovely, Mar 20, 2007 IP