Hi, I help Indian customers to buy from China. Customers pay me via online methods (paypal, payu blah blah blah), and I send the goods to them by international express. As a foreigner merchant, how can I transfer my money out of India?
You can send via western union, It's easy and fast. BTW you are from Hong Kong so you can also ask in local how can you receive money from India.
Thanks, FreeFun4Every1. Will western union charge me a lot? BTW, I am talking about about US$10000 each day, and I was told that there's a limitation on how much a foreigner（individual/ company） can transfer every year.
Yes there is a limitation for individual but may be for company it is not so you need to make payment with business purpose, for fees and daily/yearly limit you need to ask them directly. Their charge is lower than paypal also you can use escrow.com service. They are safe for large transaction (don't use paypal for transaction big payments).
Thank you for you tips. About western union, I think it is not so convenient for Indian people to use. Local online payment methods are better, but it is not easy to transfer money out.
You cannot send such a huge amount from India to any other foreign country. All Outgoing and incoming transaction from India is coming under FEMA law. So, To work freely you have to take a approval from RBI regarding transaction.
You should have registered business to sent 10k per day . Bankwire should be best for you from western union u cant sent the money from india only india as per rbi guidelines .
it was easier when liberty reserve was available. I worked for many importer-exporter who want to deal in foreign countries