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PayPal have Resume Local Bank Withdrawal in India

Mar 12th, 2010
by gedet basumatary.
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PayPal have resume bank withdrawal in India from 3rd March 2010. Although I may be late announcing this news but I thought I really need to write about this one as I have earlier written about the PayPal issue.

PayPal have solved the problem within 1 month as they stated earlier they are working hard to solve the problem. They knew the importance of PayPal to Indian customers and so they solved it quickly. But this time PayPal was forced to implement some new features as per instructed by the Reserve Bank of India (RBI).

The following statements are directly taken from the official PayPal blog – https://www.thepaypalblog.com/2010/03/weve-resumed-local-bank-withdrawals-in-india/ which mentioned one of the main changes which you will see when you try to withdraw money to your local bank as: -

When you select the ‘Withdraw Funds’ option on your PayPal account, we will ask you to fill out a new field entitled ‘Purpose Code’.    This information is required under the laws of India in order to identify the nature of cross-border merchant transactions. Simply select the one most appropriate for your business.  More details on purpose codes can be found here

PayPal is also updating Indian user’s PayPal account with many more features like asking PAN numbers, address verification, mobile number verification etc.Today when I login my account, they asked me to put my PAN number and I did which went successful.

Now it seems all the transaction which we make through PayPal will be under Government radar and we will have to pay Income Tax to the Indian Government. Since we have put the PAN number, its legal now and we have nowhere to run. These online business is kind of self – unemployment. If government has right to ask for Income tax of this then they will soon start asking until then it’s not known whether we have to pay or not. Will update as soon as I found some information about it.

PayPal is working perfectly now. I have made one small amount withdraw on my ICICI bank on 4th March and I received the payment on 8th March on my bank account successfully. That was really a quick service. I again did a small amount transaction yesterday on 11th March. Hoping to get them on 15th or 16th March.

My bad luck, I was frustrated waiting when the PayPal problem will get solved and I made a cheque request of $200 on 24th February and till date I didn’t receive the cheque.  I wonder if I will get the cheque? I regretted that I didn’t wait till the PayPal problem get solved.  If I have waited for 4-5 more days I would have known that PayPal will resume local bank transfer from 3rd March. Anyway I am happy as PayPal is working fine now and we online business doers don’t have to worry again doing our work online. Best of Luck to my fellow readers in their online business.

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Posted in: Banking.

Make Money by Mobile Phone Recycling

Mar 10th, 2010
by gedet basumatary.
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Mobile Phone has changed the way of communication a lot. Now people can instantly communicate with anyone at anywhere with just a button of dial. Because of this reason, lots of people are using mobile phones. You can see them using everywhere.

There are lots of mobile companies who try to satisfy people’s thirst for different featured mobile. Nowadays mobile is not only used for communication, rather it has become a mini computer. Besides talking through mobile, you can do a lot of other things like listening music, playing games, browsing internet etc. Since different company manufactured new mobile phones with new features. Lots of people have tendency to buy new mobile phones. The old one just takes space in their house.

If the old mobile phones are of no use then the best option is to sell them and make some money. It’s called recycling your old mobile phones. Mobile phone recycling is a very great method. People can here make money by selling their old mobile phones. You can make the environment clean by recycling them and not discarding old mobile phones here and there.

sellmymobile.com Make Money by Mobile Phone RecyclingSellmyMobile.com is such one mobile phone recycling website. They accept both old mobile and broken mobile for recycling for money. You just need to visit the website and make a search of your old mobile phone model. If the mobile phone is in list, choose the mobile phone and confirm it. They will show the offering amount. If you are OK with the amount then go ahead and create an account. They will email you about how to send your old mobile phone at free of cost to their address. You will receive the money shortly.

Posted in: mobile phone.

March 2010 Coupon Code for Namecheap

Mar 9th, 2010
by gedet basumatary.
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Namecheap is one of the best domain registrar. Most people prefer them over other. Recently I have faced a lot of problem with my another Indian domain registrar company hence I moved to Namecheap.

One of the attractive feature of Namecheap beside their awesome service is the discount they offer in every new domain registration and transfer of domain to Namecheap. This discount code vary every month. Always use this Coupon Code to save some money. March 2010 Coupon Code of Namecheap for registering new domain name is NCSPRING and Coupon Code for transferring domain name to Namecheap is SWITCH2NC.

Posted in: Coupon Code.