hey, With these new regulations about INDIANS not able to send the payments to other guys, how are you guys handling this issue ? I mean, I seriously have faced so many problems because of this. Most of my payments are due, and I have to send bank wire, which is taking a lot of time, shitty Indian banking system. The guys cannot issue me a credit card because I am not 21. So all in all things have been tough and I am unable to fund ways to send money abroad to my guys. Not to mention people are rarely using alert pay or moneybookmarkers. I am not sure about an other online portal which can help in business transactions. Guys I am looking for solutions, help me out. And how are you handling this stuff for yourself.
why don't your Indian guys create your own payment network such as PayIndia? you can be billionaire in the future. Most of the IT works are outsourced to India
Well, i have PNB Debit Card with Master Secure Code enabled. I opened a entropay account and created a VCC... since PNB does not have it own VCC. Now i do my all payment thru entropay. yes it costs a bit more money but this is to stay above the water. Don't add your entropay VCC into your Paypal account, whenever you have to pay someone with Paypal ask them an invoice and check out as Guest with your VCC. Solves the problem. You can use it to pay for domains and hosting as well.. If you don't want to use entropay then HDFC and Axis Bank also provide you VCCs if you open a savings account with them...
It's too expensive to use credit cards to send money and there are no new features in offer. One more disappointing update from RBI or PayPal India and I close my account.