In India, if we run any business(registered Pvt. Ltd or Public Ltd.), we can not NEFT the paypal funds using fund transfer. We have to use Bank WIRE transfer for receiving business money. It is the rule set by the reserve bank of India. If we have the main revenue received in PayPal, what is the alternative to transfer funds to bank using wire transfer. I am bit confused with this. Any light is appreciated.
Is this withdrawal method applicable to even private business establishments like a proprietary firm or a partnership firm too? I was planning for venturing out into doing online business through this route and this thread has confused me a little. Regards, RightMan
You can try the Paypal > Other Company > Your Bank Account method. The "other company" could be 2checkout, plimus, GetAFreelancer, etc.
We should find a way. !! Business money has to be transferred through wire transfers only. Hence, debit cards do not work.
I have also got another idea. May I use PayPal => Any Offshore US Bank account => Wire trasfer to Indian Bank Will this work?
Is it legal for any non-US individual to hold off-shore US bank account? I hope it is perfectly alright and within the paypal framework too...since in case of limitation, one does not want to be hanging completely clueless, in mid-air! Regards, RightMan
Yes, it must be legal. Since I am currently employed in a Pvt. Ltd. company and my director has an account in Etrade bank. Hence, I think it is legal. We are discussing for ways to wire transfer the paypal funds. Not finding just a way to receive money NEFT is working perfectly here in India. Hence, we do not need xoom.
Indian is nicely welcome with paypal,so I think you should not asked questions more,ICIC I think is good as sample
Dear, we just do not need to transfer the funds from PayPal to our indian bank account. The problem is that we need it done using WIRE transfer, not using the NEFT. Hello, Deluxedon and Getjimmy. Please come and assist in something !!