Hi, I have a new client who is of my country(India) and I would like to ask you guys which is a better mode of acceptng payments : PP or direct bank transfer? PP gives sad conversion rates so .. bank transfer seems like a gr8 option but often I get paranoid thinking about any ilegal links / activities of the client that can diectly conect him to me ... as my account will be shown as reciveing money from him dirctly? Pls help??
I would say if you have serious concerns about the client's activities that you really shouldn't be involved in the transaction. If someone was to start tracking payments it's not going to matter if it goes through your local bank account or Paypal.
no .. I don't have any such doubts . In fact he is a long term member of DP and has several iTrader points so I guess he should be fine... was just wondering. as I mentioned I am a bit paranoid about being extra careful while dealing in online business. that's why i put up the question.
If your clint agree to pay you Direct bank transfer so it's really good you don;t ahve to pay paypal fees and you can allow some discount to yrou clitn so booth will be happy
I would urge that if the amount is more than USD 500.- dont use paypal. The best and safe method is ask him to send you money through net banking or send check or DD. In that way you can escape chargebacks or disputes.
here you go http://www.seo-strategies.org/2009/04/transferring-funds-from-paypal-to-bank-account-india/
OP is not asking for how to transfer funds from paypal account to indian bank account Read his post properly before answering.. @OP - I suggest you to go with direct bank transfer instead of paypal. DON.