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Receiving money in India - No PAYPAL!

Discussion in 'PayPal' started by pratik, May 15, 2006.

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  1. amitpatel_3001

    amitpatel_3001 Results Follow Patience

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    #21
    Guys i better say apply for a credit card
    which is totally free now
    Then get verified in paypal though this all process takes 2-3 months.
    But will help you in future and accept everything by paypal.
     
    amitpatel_3001, May 20, 2006 IP
  2. -Abhishek-

    -Abhishek- Regaining my Momentum!

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    #22
    2-3 months ?? Dude .. The maximum is 1 month ... when u get ur monthly statement ...
    Abhishek
     
    -Abhishek-, May 20, 2006 IP
    dilipsam likes this.
  3. amitpatel_3001

    amitpatel_3001 Results Follow Patience

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    #23
    Apply for a credit card and get it.
    Normal time - 1 Month for getting CC in your hands.
    And again getting verified with statement is 1month
    So dont you think this all will take 2months?
     
    amitpatel_3001, May 20, 2006 IP
  4. tech86

    tech86 Peon

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    #24
    You can check your statements online in under 12 hours
     
    tech86, May 20, 2006 IP
  5. ramakrishna p

    ramakrishna p Notable Member

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    #25
    As per me clients are intrested to pay through paypal only. The won't agree with other means of transaction like Western Union etc., It was my experience with one of my client. Finally I could transfer my funds to India through one of my well wisher paypal account.
     
    ramakrishna p, May 20, 2006 IP
  6. dilipsam

    dilipsam Well-Known Member

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    #26
    One of the most informative posts I have seen. I hope this page ranks well whenever somebody types "send money to india"
     
    dilipsam, May 20, 2006 IP
  7. amitpatel_3001

    amitpatel_3001 Results Follow Patience

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    #27
    Dont worry in dp any thread ranks well ;)
    This will rank well for "Recieving Money in India"
     
    amitpatel_3001, May 20, 2006 IP
  8. tech86

    tech86 Peon

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    #28
    Lol, yes i've noticed almost all dP threads end up in top 10 for thier title words..
     
    tech86, May 20, 2006 IP
  9. honey

    honey Prominent Member

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    #29
    I agree to Abhishek, most of the people ignore Indian Laws. Technically, as per the Govt. of India, anything you sell outside the country even if it's services or advertising of any type, it's deemed as Export. Now when you are exporting anything outside the country, you do need an IEL # (Import Export License).

    I read about a guy in Mumbai who was arrested by Fema for sometime like this. Do things the right way before it's too late and you get into trouble.

    So, yes, even if you use Paypal or whatever, you do need that license.
     
    honey, May 20, 2006 IP
  10. tech86

    tech86 Peon

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    #30
    I am an American as well as an Indian (dual citizenship) so I transfer all my foreign earnings into my american bank account and my local earnings into my Indian. Is there anything wrong with this legally speaking?
     
    tech86, May 20, 2006 IP
  11. honey

    honey Prominent Member

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    #31
    I am not a lawyer, but where do u live ?
     
    honey, May 20, 2006 IP
  12. amitpatel_3001

    amitpatel_3001 Results Follow Patience

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    #32

    Till date recieved 2 times money through xoom though not high amount, hope there's no danger to me :confused:
    Will i be in dp or in kaalapani :eek:
     
    amitpatel_3001, May 20, 2006 IP
  13. ramakrishna p

    ramakrishna p Notable Member

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    #33
    hahaha Kaalapani...good joke Amit. Why don't you say Sri Krishna Janmasthal instead. Everybody will understand.
     
    ramakrishna p, May 20, 2006 IP
  14. amitpatel_3001

    amitpatel_3001 Results Follow Patience

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    #34
    wohi toh both are same na ;)
    I dont want to go there :rolleyes:
    Guys help me oput and stop the cops from taking me there :eek:
     
    amitpatel_3001, May 20, 2006 IP
  15. poseidon

    poseidon Banned

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    #35
    Interesting topic. we need to continue on this as this is a important issue.Though I don't have much knowledge about all this but

    @honey - Can selling e-items come under exports ? I am NEVER exporting anything from India :)
     
    poseidon, May 20, 2006 IP
  16. -Abhishek-

    -Abhishek- Regaining my Momentum!

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    #36
    E-items as in Softwares/Ebooks are considered as export!
    Abhishek
     
    -Abhishek-, May 20, 2006 IP
  17. honey

    honey Prominent Member

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    #37
    Exactly. As long as the money is being received from outside India for a product/service/advertising/ETC, it's export as per RBI (Reserve Bank of India), and does need a IEL. Pretty simple and easy steps to get it though and costs less then $50.
     
    honey, May 20, 2006 IP
  18. -Abhishek-

    -Abhishek- Regaining my Momentum!

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    #38
    1000 INR to be precise :)
    and 1500 if you go via an agent...
    Abhi
     
    -Abhishek-, May 20, 2006 IP
  19. poseidon

    poseidon Banned

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    #39
    INR 1000 is cheap I guess..can you tell me the exact procedure ? I am in hyderabad so may be me and Amit can go and get the license..atleast he wont' be going to kaalapani for Fema abuse :p
     
    poseidon, May 20, 2006 IP
  20. honey

    honey Prominent Member

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    #40
    100% Right.....o !!
     
    honey, May 20, 2006 IP
    -Abhishek- likes this.
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