Which is the best EFT method in this list in INDIA ?

Discussion in 'Payment Processing' started by moneylover1989, Dec 30, 2011.

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  1. #1
    Hello ,

    Which is the best EFT method in the below list for an Indian user .

    I want to transfer the money (USD) to my local bank account in INR in India . Please guide me the best service by considering the service and Forex conversion fees .

    1.Paypal - In which FOREX fees is high, if I transfer 500$ to my bank , the Forex + service fees is around 1000 Rs.
    2.Wire transfer - IDK (Please share your experience )
    3.Payoneer local bank Transfer - IDK (Please share your experience )
    4.Moneybookers - IDK (Please share your experience )

    Please also provide the best bank for wire transfer in India .

    Thanks for your answers :)
     
    Last edited: Dec 30, 2011
    moneylover1989, Dec 30, 2011 IP
  2. David_Payoneer

    David_Payoneer Member

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    #2
    Hello

    This is David from Payoneer.

    We have a great LBT program that has proven to be great for the India market. Indians have the ability to get paid in rupees, it is quicker, cheaper (only 5.95 for India) and without the hassle that comes with other forms of payments.

    Let me know if you have any specific questions.

    Thanks

    David
     
    David_Payoneer, Jan 1, 2012 IP
  3. moneylover1989

    moneylover1989 Peon

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    #3
    Hello david ,

    My questions are ,
    1.Will you provide The Purpose of Remittance for the transaction ?
    2.Did you send money in INR to my account ?
    3.Are you using NEFT for this transaction ?
    4. What is the FOREX conversion rate ?

    :)
     
    moneylover1989, Jan 1, 2012 IP
  4. David_Payoneer

    David_Payoneer Member

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    #4
    Hello

    1. We dont provide the remittance - but if there is documentation you need, you can get it from the partner who pays you or through our support team
    2. Yes we send in INR
    3. We transfer the money from a local indian bank into your account
    4. The rate is based on our bank's rate and it's among the lower rates

    Let me know if you have any further questions.

    Thanks

    David
     
    David_Payoneer, Jan 1, 2012 IP