Paypal Fiasco suddenly ended when Purpose codes were introduced and Indian Banks resumed services for withdrawal request . This comes as a great relief for both Indian Freelancers and webmasters with complete reliance in paypal’s payment gateway for all transactions.
However i i have withdrawn an amount of 160$ amounting Rs 7082 at the time of conversion from dollar to rupees on 5th march’10 . I just checked in this evening in my SBI Bank account and found the funds have been deposited .
I have chosen purpose code as Freelance Journalism News. Please let me know your queries if any about the mode and nature of the transaction.
For Paypal Integration in your blog and other blog services please contact me.
Paypal has resumed its service to India Bank Withdrawal requests with a condition to include Export Code while withdrawing funds in your bank. Everyone wants to know what is this Export Code. Is it the Export License that they mean which is provided to exporters.
Well this is not the case. You dont need an export license to withdraw funds if you are a freelancer.
How to Get Export Code ?
For Freelancers and Individual applicants:
- Details of all Proprietor (Full name, Fathers name, Residential address, phone number, email address)
- Details of address of the individual along with following details:
- PAN card of the company/individual
- Type of exporter (Merchant, Service provider, Manufacturer etc.)
- Bank account details of the company/individual
- Bankers certificate (in specified format)
- DD of Rs. 250/- as application fees in favour of JDGFT or DGFT depending on the region in which the registered office is situated.
- An application to the concerned officer (JDGFT/DGFT) and all the papers in Duplicate set.
More Information : http://elagaan.com/ and http://dgft.gov.in/
Here is reply i received from Paypal when i enquired about this Export Code :
Hi
Happy Holi to everybody.
Well i got the answer from Paypal about the export code.
Thank you for reaching out to us. I?m contacting you on behalf of
Farhad Irani regarding your email below.
This code will be issued to you by PayPal. We should be updating you on
this process by 03/03/10. Any India account that is selling a good and
or service will need this code.
We appreciate your patience and understanding regarding this matter, and
wish you continued success on PayPal.
Sincerely,
Alissa
PayPal Customer Solutions
PayPal, an eBay Company
If you are reading this then definitely you are affected with the recent Paypal issue with Indian Users whose Paypal Payments Reversed and they are facing Paypal Bank withdrawal problem.
Well i tell you this is not a Paypal scam as you might be hearing , is is a mere Paypal problem with Indian Bank authorities in Reserve Bank Of India who have denied Paypal from sending in any more foreign money . Paypal needs to change its money transaction policy in order to continue business in India as thousands of Indian Freelancers like me are suffering and cannot withdraw our hard earned money to Indian Banks.
There is is a Solution we came up with , Here Paypal can be used to send in Paper checks instead of direct money deposit in banks electronically.
If it was a week earlier i would have suggested Xoom for all your money transfers but unfortunately, even they have canceled services and are in the process of refunding this transaction identified as Intra-India. Current regulatory restrictions are the reasons for the cancellation.
Paper Checks cost you $5 each paper check that take 7 business days to process and more days to reach Indian Shores. Cant tell you how much time it takes for clearance in Indian Banks.
I sent them this mail to Paypal Head Asia [Mr. Farhad] but never received a reply :
Hi Farhad that is nice to hear from you. According to you the check withdrawal facility is still available i India. Correct me if i am wrong. I dont know about any fees associated with foreign check clearance , so if you can give some information about that.
Also what do you mean by refunding check withdrawal fees ?
thanks !
regards ,
Sourish
If any of my readers have made a check request do share with us.
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Since long i have not written anything for this blog.The reason behind this is my total dedication and time for my other tech blog OneTrickADay.But that’s a bad idea when i have some nice readers like you.Today i will discuss about how you can promote your affiliate links in an effective way.
Since long affiliate business has been a major reason for online success for many sites.Services and products are being sold online and the internet has become key area for various business opportunities.
An affiliate is one who brings business to a company by referring and sending potential customers to the seller.So whenever there is a sale , the person referring (affiliate)gets a portion of the sale in form of commission.
so if you are an affiliate , how are you going to refer more customers.Its has to be something very effective and free .
Here are few techniques I have used myself to promote affiliate links :
- Spamming – A complete No .The world hate spammers, so do I.
- Blogging – You can start a free blog in Blogger or wordpress.Since the beginning i have laid more stress on blogging because of a simple reason “Blogs are easy to create and maintain”.You an make free blogs and name them accordingly.If you want more freedom you can host your own blog.I would recommend Wordpress for self hosted blogs as they are the best.I would be writing more about self hosted wordpress blogs and how to popularize your blog in the cyber space in my next posts.
- Google Adwords – You can advertise your products via the Google Adwords.Though its not free but stands effective if you want quick sales.
Bidvertiser is a nice way to monetize your blog.Have a look at my latest Bidvertiser Payment proof received in 29th of August 2009. Read more…
