For freelancers, there are different options to receive money which can be done by using Paypal Alternatives like Alertpay, 2CheckOut, WesternUnion etc, a list of which you can find here – Paypal Alternative. You can also send your funds to a new Alertpay Account, which can again be withdrawn to credit card, ultimately helping you to transfer all the money.
For Paypal users whose money has been blocked in their accounts, there are few working options available at the moment. Here is some information on the same.
- Withdrawal to Credit Card : Paypal offers you to withdraw your money to the confirmed Credit Cards which you have added in your account and this is done with a fees of 5$. The withdrawal option is available under the Funds Withdraw section and you have a daily limit of maximum 500$ withdrawal with the funds transferred to your Credit Card within 72 hours time and at the local currency & would be displayed as a Credit Payment in your statement.
Here are some of the stats of one of my recent Credit Card Payment withdrawal which can give you a idea. On 15th Feb 2010, i had made a withdrawal of 500$ to my CC and the details are shown below.
Paypal Transaction Details The same amount was credited to my CC on 16th Feb 2010, ie within 24 hours time and in Indian Rupees. for 500$ , the 5$ fees was charged and the balance 495$ was transferred at 44.28Rs rate making it 21,922.98 Rs.
- Withdraw via Check : Paypal offers you to ‘Request a check from PayPal’ under which there are different withdrawal limits ranging upto 20000$. Normally there is a Monthly Limit of $2,500.00 USD for most Paypal Account holders and these limits can be increased once you have a requirement and call their customer care. The checks would be in USD currency and once you deposit them in the Bank, the bank has to resend it to the International Bank for clearance and this process takes a minimum of 15-20 days time along with which the local bank would also charge you a clearing fees which normally starts at 250Rs to no limits based on the bank branch. This is a good option if you dont have a NEFT Linked Bank Account or a Credit Card, since the check is sent to literally any location and if time is not as barrier, this is one of the best option recommended.
- Xoom Withdrawal : I have done more than 25000$ withdrawal till date through Xoom in the past few years and have always liked their services. Most of the transactions through xoom were completed within 4 business days with the check delivered to me via professional couriers. You can check out the following screenshot to find out the reports given by them. Before you try out the service you need to keep the following in your mind. When you visit the site you would find a decent amount of withdrawal charges on the website, which can make you stay away from using these services, but if you make the right calculations, you will find xoom services quite better than others. Here’s how in the form of a example.
If Paypal withdrawal rate in USD > INR – 45Rs, then Xoom Withdrawal rate would be around 46.50 Rs. Now if you are withdrawing more than 2000$, the service charge is around 55$, hence the final amounts you would receive are :
Paypal : 45 * 2000 = 90,000Rs
Xoom : 46.5 * 2000 = 93,000Rs – 55$ Fees = 90,440RsOverall the amount of money you would get is quite near to what you would get through Paypal, hence its one of the best alternative to paypal at the moment for withdrawing your hard earned money and since there are no updates on the Bank Withdrawal option to be active soon.
I want to know whom details i have to give as a sender in xoom, is xoom accept both same name as sender and reciever………..
Reply this soon…..
Amit,
In your Xoom screenshot, is that a Direct Bank deposit you chose? Or is it Check? I ask coz it says deposit in progress. Please answer.
Hi,
Those are a sample of one of my transactions and i didnt do any recent transaction. Those were check withdrawals which came through Punjab National Bank checks issued at New Delhi.
Amit
Answer to my question, tell me how can i do xoom money transfer from india as same sender and reciever to bank account………
Its normally around 5 business days, but gets delayed at times because of multiple issues from xoom end regarding funds approval and verification process.
Your all information is realy helpful but I have one question- Using xoom do you transfer the money from India to India or using USA to India. Because they say intra country transfer not supported by their system and I tryed an Intra India transfer and they cancel it.
Amit
You do not mention that- you register an an Indian and send payment to another Indian or you receive payment from the person who register as an other than India resident.Because Xoom does not support intra country money transfer.
Amit
How can I verified our paypal account these days. I followed the Paypal procedure to verified our account 14 days ago but till today i have not get two small deposit in my account from paypal then yesterday I followed the procedure through our debit card PNB.Paypal withdraw the $1.95 = Rs91.11 immidiatly from my account but I did not get Paypal 4 digit code in our pass book against the payment. You can understand my frustration and sujes me any other way.
Thank you so much
Send 500Rs to a Bank Account number i tell you and we will send you VCC Card details which can help you in verifying your Paypal Account.
Paypal Say VCC card is illigal to verify the account.
Well if no methods work, thats one perfectly working method. Later its upto you. If not try calling up the Paypal Customer Care support and ask them for different options to verify your account.
OK send me the detail and when we get the card from you and their validity
Dear amit….
I have verified my paypal acount within 2 days. So Please u give correct details to paypal account for verification…..I think your Bank IFSC code or Your bank account no is not correct??? please check your details given…
all the best…
very nice blog on post
I heard that RBI has stopped xoom withdrawal from paypal to bank account too from last Sunday.I am new to paypal and I have an account in paypal which is not verified. But I have more than $300 there.Can you please suggest me how to withdraw my money from there.
Xoom is not working as well..I tried Xoom and got my transaction reversed within 1 minute after transfer…xoom is good and worked well for me as well in the past but at this time even xoom is not working..I am trying to get money in my hand since Jan 29 but still my all funds are stuck in paypal..
Amit could you please confirm if i got money in Credit card then how I can get back cash back..and what about if my credit card limit is less and i have more funds in my paypal account ?
do you have any suggestion ? pls share.
Rajiv
My 2 transfers of xoom went fine, But my last transfer(22 Feb) failed, Here is xoom response
“We are really sorry for the inconvenience caused to you in this regard. Unfortunately, your transaction has been canceled and funds are in the process of refunding back to your original payment source. This transaction identified as Intra-India, current regulatory restrictions are the reasons for the cancellation.”
I am not sure, it is somewhere related with the paypal problem or not, What i do now
xoom no longer working is credit card working still
Today i got following response from xoom
“Unfortunately, due to regulatory restrictions currently, Xoom is not offering Intra-India money transfer services not as a bank deposit, pickup or a delivery. We request you to get back to us after 30 days for further updates regarding this matter.”
I got one way and transferred my money as well..its taking time but let see ….hope so get my money in my hand within 15 days from now.
This method is safe and secure to get money in hand.
Rajiv
Dear Rajiv
Could you discribe us your method?
Thanks
Bhura
Hi bhura,
this is something which I cant share here cause ..its a kind of tricky method which is working now..might be paypal people are watching on our discussion so I dont want to take any risk to stop my payment too..please dont mind…I am making a guide for Indians..so when it will done i will send you through mail.
Thanks.
Rajiv
HI RAJIV CAN U PLZ TELL I REALLY WANT TO KNOW
HI FRIENDS,
ALL YOUR ABOUVE DISCUSSION WHERE REALLY USEFULL, MYSELF OPENED AN ACCOUNT WITH PAYPAL ON 21-JAN-2010, STILL 2 SMALL AMOUNTS WERE NOT DEPOSITED TO MY ACCOUNT GUIDE ME HOW TO CHECK FURTHER, AND ALSO ANYONE PLEASE ADVISE ME FOR ANY MONEY EARNING METHODS THROUGH WEBSITES, IM DOING CURRENTLY BUT EARNING VERY SMALL AMOUNT LIKE 10 CENTS, PLEASE ADVISE YOUR SUGGESTIONS AND THE WAY HOW YOU ARE GAINING.
THANKS,
CHANDRU
dear chandru,,,
Please check your bank IFSC code & Your bank A/c no….is correct in paypal details…..otherwise pls mail me i will calrify…
my monet is also stuck in paypal, will use your advice to withdraw the same. Thanks for the suggestions
has anyone who has opt’d for check withdrawal with paypal – received it as of date in his/her hands?
If yes, how many days it took to reach you?
This could be am imp feedback so then others too can withdraw!
There is no need to worry now. Paypal is going to Resume Funds Withdrawal to Indian Bank Accounts from March 3rd 2010. No need to try out the alternatives now.
Paypal has reversed the money back in my account that was stuck for many days. However, they have charged their processing fee.
I want to know has Xoom resumed their bank trasnfers to India??
What types of Documents are require to Submit in the Nationalize Bank after withdrawal of Funds to my Bank under the paypal catogery (Cross Border export of Goods)
Rehu
INDIA
Hi Amit,
Your Blog post is not accurate any more, as XOOM has stopped India-to-India transfers. Would be great if you can update the post accordingly or maybe just put a NOTE or update on top. Or else it might confuse & mislead people…
I too have used them several times in the past. Their service was great. But it’s just not working any more.
is there anyway to club xoom and paypal….check issued by paypal its a bank check or a Financial check. I mean is paypal use any check to send the money
hello
i sell some products in internet
can any one tell me the best way to get money
all customers want to pay by credit card and paypal suck
and customers dont prefer to pay by western union
@Amit – It looks like Xoom does not allow commercial transactions. http://paypalalternatives.in/articles/9/xoom.com-does-not-allow-commercial-transactions-or-provide-merchant-services – They have specifically mentioned that they reserve the right to cancel transactions if they find that they are commercial. So how can companies safely use Xoom.com for payments?
paypal takes lot time for transaction