I have an online dropshipping business. My customers and suppliers are in USA and Canada but I am in India. So I currently receive payments via PayPal and pay my suppliers via PayPal. Any of my freelancers, I pay via PayPal. I live in India and I want to start receiving money here but I have heard you have to withdraw money from PayPal within 7 days. Most of my business transactions are via PayPal. The only reason I am looking for an alternative is so that I can get hold of cash for the company when I need it and still have cash online when I need to make company purchases without having to wait 7-9 business days for the transaction to complete. Please recommend me an online bank like PayPal that I can use in India.
We can provide you merchant services. We have plenty of customer base in India. PM me, we can discuss more.
For the long term, Bitcoin the most flexible way to go, though you might have find a suitable processor like Bitpay to conduct commerce with it. Payza and Webmoney are also good bets to set up business level accounts with.
No I have conformed from paypal, Indian Users cannot keep money in there paypal account , It will be automatically transferred to the linked bank account in 24 hr.
First of all ,there is no such rule to withdraw money from Paypal in seven days. I think your best bet is paypal. I do not recommended other payment methods because of the fact paypal is already accepted worldwide. People need to trust the payment processor. Paypal has already got that trust. Another option- If you are still against Paypal use Skrill. Having more than one payment gateway in your site is better. Why not add a few and test ?
Does anyone from India have kept money in paypal for more then 7 days, or can we keep money in paypal I am not able to do so as it gets automatically transferred to my linked bank account.
yep, i also experienced the same.. but some people dosnt believed so i thought i might be wrong so was cross checking.. thanks..