PayPal Alternatives - Online payment gateways other than PayPal for Indian Users

Recently Added Gateways

ePaymentsglobal
ePaymentsglobal payment gateway services are available only to the merchants within India. Businesses can benefit from services like online payments, credit cards and money transfer on a secure...
PaisaPay
PaisaPay is an online payment service of eBay which enables the buyers to pay sellers through Online Bank transfer or Debit or Credit or Cash Cards. PaisaPay provides payment gateway services like...
MoneyGram.com
MoneyGram is a Global Payment Services Company. It enables individuals and business to make payments and transfer money in more than 190 countries. MoneyGram’s money transfer service offer a quick...
Google Checkout
Google Checkout is another reliable Paypal alternative payment gateway for Indians. This service is also primarily targeted at merchants with online shops who can integrate their site with their...

What is this site about?

This site is an attempt to help sellers/merchants in India find cost-effective and practical alternatives to PayPal for getting payments from International as well as Indian buyers.

PayPal has been a very popular payment gateway option for freelancers and small and medium enterprises in India. Some of the main reasons for this have been

a) Ease of setting up an account
b) Ability to target a global market
c) Ability to integrate easily into any website

RBI has been trying to enforce stronger regulations related to financial institutions to bring more transparency in the system and to prevent the spread of black money. Some of the regulations pertain to PayPal as well although they are not quite a banking establishment like normal banks. To work out of the legal implications of being considered a banking establishment PayPal has come up with a couple of restrictions on their offerings to Indian users. These were

1) Any balance in and all future payments into your PayPal account may not be used to buy goods or services and must be transferred to your bank account in India within 7 days from the receipt of confirmation from the buyer in respect of the goods or services; and

2) Export-related payments for goods and services into your PayPal account may not exceed US$500 per transaction.

Sometime in 2010 PayPal had stopped allowing PayPal transactions between users in India but that was something people could live with. However these two changes have effectively crippled the usefulness of PayPal as a payment gateway for freelancers and small and medium enterprises in India. This was communicated to the users in an email sent out by PayPal on 29th Jan 2011.

However this is not the end of the world for online payment options for freelancers and small and medium enterprises in India. There are several alternatives to PayPal as listed above.

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Comments

Anonymous's picture

Anonymous (not verified)

Sun, 01/30/2011 - 04:01

http://techie-buzz.com/tech-news/paypal-rbi-guidelines-flouting.html

Anonymous's picture

Anonymous (not verified)

Sun, 01/30/2011 - 04:09

The information as published on the paypal blog

https://www.thepaypalblog.com/2011/01/advanced-notice-for-changes-to-pay...

Visitor's picture

Visitor (not verified)

Sun, 01/30/2011 - 04:47

This is not the first time that RBI has intervened in the case of PayPal

http://www.nytimes.com/2010/02/11/business/global/11paypal.html

Visitor's picture

Visitor (not verified)

Sun, 01/30/2011 - 06:58

Has anybody used Alertpay? What are their rates?

Visitor's picture

Visitor (not verified)

Mon, 01/31/2011 - 00:36

Isn't Western Union a viable way of transfer of funds? Can companies use Western Union to get funds transferred to India as payments for projects?

webmaster's picture

webmaster

Tue, 02/01/2011 - 04:55

We will review WesternUnion and add an article soon.

Krish's picture

Krish (not verified)

Mon, 02/07/2011 - 21:46

Most of the payment gateways like moneybookers have verification process, which is a big headache for most indian useres. It would be great if you can write about the paperwork needed to use these services fully. thanks.

webmaster's picture

webmaster

Tue, 02/08/2011 - 21:19

Thanks for the suggestion. We will be adding info on the respective procedures for verification to all the payment gateways listed in our website.

manu's picture

manu (not verified)

Sat, 02/12/2011 - 11:21

Does the alternative pay sites enforce restrictions for users like in paypal? If so it would be thankful if you write about it.

Swamykant's picture

Swamykant (not verified)

Sat, 02/12/2011 - 20:13

To make task bit simpler, we have searched 20 Useful PayPal alternatives for Indians http://www.yourdigitalspace.com/2011/01/top-20-paypal-alternatives-for-indians/
Visitor's picture

Visitor (not verified)

Mon, 02/28/2011 - 09:35

There were rumors about Remit2India ceasing their service in India due to RBI regulations. Could you veify on that ??

Swreg Available in India?'s picture

Swreg Available... (not verified)

Tue, 03/01/2011 - 13:08

Swreg has stopped its service in India due to RBI Regulationshttp://codono.com/latest/11865/swreg-org-india-closed-rbi-strikes/

Mark's picture

Mark (not verified)

Tue, 03/01/2011 - 23:41

my reviews i feel alert pay is the best so far
http://paypalalternativesforindia.blogspot.com/2011/03/my-top-3-paypal-a...

Visitor's picture

Visitor (not verified)

Fri, 03/04/2011 - 09:34

You guys have not listed Ikobo. There services are found worldwide.

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NistArcasktak (not verified)

Fri, 06/10/2011 - 15:00

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Brian's picture

Brian (not verified)

Fri, 08/05/2011 - 09:15

Is it true that we cannot keep money received from our clients in our Paypal account for more than 7 days? As I've kept money in my Paypal account for longer periods. I'm thinking to implement one of the gateways for my website design services on my website: http://www.booleanbytes.com

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