Now, you can request for either check or an electronic withdrawal of funds from your Indian PayPal account. But after August 1,2010, you will only be able to request for a cheque withdrawal of funds from your PayPal account.

Already paypal reminded that any payments received into your PayPal account from the export of goods and services cannot be re-used for making purchases or any other payments. Now, this is a second blowfor an Indian Paypal user.

Some of the Indian paypal users suspect that paypal is going back to “check issuing strategy” so as to save bandwidth cost in electronic transfer. But I don’t think so. It is having problem with RBI especially in electronic transfer. If they issue check, the money would be accountable. But inelectronic transfer, a person can withdraw without revealing his/her PAN, which is mandatory to trace out your transaction.

Do you think paypal is going into 19th century instead of 21st century? You can get more details in the Paypal official blog

RBI said that PayPal does not have their authorization under the Payment and Settlement Systems Act, 2008.
The Act, adopted in August 2008, regulates payment and settlement methods in India.

If PayPal registered with RBI, they can resume operations in India. I think paypal will register with RBI because nearly 7% of their total business is with Indians and it is rising fast.

We will wait for the result with our fingers crossed.This is really a big blow to the make money online users.

I have searched the net to find a perfect paypal alternative as paypal is now becoming more terrified. If you want to make money online without any disturbances in paymnet processing, PAYONEER is a perfect fit.

How Payoneer works?

You’ll be mailed a Mastercard® card from Payoneer. Your buyer will credit the card account electronically. You can then use the card like a credit card or withdraw your funds as cash from hundreds of thousands of ATMS around the world which accept Mastercard®.

How much does this cost?

Each payment costs $2.00 as a Payoneer load fee. If you choose to withdraw it from an ATM (versus using it as a credit card), Payoneer charges you an additional $2.15 ATM fee (or $1.35 for U.S users)…and your ATM provider may charge a fee as well.

Before receiving your first payment you must have your Payoneer card mailed to you. Payoneer charges a one-time fee of $20.00 (or $10.00 for U.S. users) to do this. Finally Payoneer charges a $3.00/monthly fee for maintenance.

If you have experienced any problem with this payment processing service, don’t hesitate to write about them because most of the Indians are suffering from Paypal. Now they are seeking best paypal alternative to make money online. I think payoneer is the best one. Stamp your views…

Now this is the time for US and Other country members. some of the non-Indian members also now telling that they got their money back or lost due to money reversal process. This is really a hectic time for the make money online users. I think PAYPAL WAS HACKED… What is your opinion?… Please stamp your views

Do you know why it happened? Yes!!! Most of the Indians are getting their money reversed to their clients by paypal due to modification of rule by RBI especially in National Electronic Funds Transfer (NEFT) system. The NEFT outward message format is being modified to contain two additional fields, wherein mobile number and / or e-mail address of the originating customer can be populated. This is the main reason why paypal is asking the shipping address of the buyer. i,e. Implementation of Positive Confirmation is the main reason for the money reversal in paypal.

Why your money is not available in bank even you have effected the withdrawal on Jan–27, 2009?

Now, each and every customer of the paypal should include shipping address to effect a transaction. If not, their money will be returned back. This is a chain reaction. That’s why you’re not getting money in your bank although paypal shows completed status for the transaction in your account. (Read this Link)

Conclusion

Please wait for couple of days or seven without any withdrawal to congest the NEFT. Ask your customers to provide shipping address for the current payment. Now Paypal have lifted “INDIA” in the drop down menu of personal payment. similarly within couple of days they will definitely include important feature of providing shipping address for each and every transaction to India. Hitherto, We used paypal to make money online. Why don’t we wait for one more week to fix this issue for effective money making through online?

Then I discussed this matter with my friend who is a PRO in this field.

He asked me to click the History tab in “My account” page. Now I can view various transaction history, which includes my subscription details. Immediately I clicked the subscription in my history and click on it.

Now the problem of canceling paypal based subscription is questionable.

Paypal requires International Bank Account Number (IBAN)for each and every transaction. But 98% of the bank accounts in Pakistan don’t have IBAN number. Only 2% or may be less are using foreign currency accounts which have IBAN .

2. Stringent Laws in Pakistan

In TOS of Paypal, it clearly explains that the paypal supporting country should allow the member to send and receive money from all countries of this world. But the laws of Pakistan clearly suggest that Pakistan does not recognize Israel as state. Nobody can do direct transaction with this country. Moreover, the same scenario is noticed among the countries like Syria ,Iran, and Iraq because these countries would consider Israel as a country for smooth transaction.

3. Low Patronage To Local Banks by the Peoples of Pakistan

If more people are going to use paypal, nobody will turn their head towards local bank. So there would be a big blow to these local banks. They will end up in loss. So they are objecting paypal in Pakistan.

4. Low Subscriber Base

Paypal won’t support the country which is having low subscribers rate. So countries that paypal is not supporting don’t count for them anything.

Then, how a pakistan web owner can draw money. They can use Moneybookers or scriptlance also. In scriptlance, they can withdraw money directly to their bank account. Please click here to get more info.