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Ask HN: Safe ways to recieve small amounts of money in India (no paypal)?
This may be a stupid questions, but I have already accepted in my most famous blog post that I have made asking stupid questions a habit.
I received a small gig after I posted a comment on HN (I just love you all). The payments will be small, around 12-15$/ payment (menial work I suppose) . The problem is I have never done an international transaction before. I have a bank account which does support internet banking, but a cousin of mine has informed me that there can be some problems if I receive payments in Dollars (or any other bank currency) directly to my bank account. I don't want to you paypal because a) I do not have my PAN card ready yet, and b) I have heard too many horror stories about it.
So my question is, is there a safe way (tax department safe, if you know what I mean) to get such small payments in India?
- zaidf 16y agoXoom.com
- rick_2047 16y agoI checked out the site, seems really nice. I think the payer would have to register yes? Another question, I do have a PNB account (their trusted local partner) but do not have netbanking activated for it. Do they allow transfer to other banks say SBI. Also have you personally used this?
- zaidf 16y agoI've used it a bunch over the past 5+ years. Payer does not have to register. The money is just deposited into their accounts, though it could take upto a week especially if you pay using your bank acct and not credit card. There should be a list of banks they accept. It's pretty comprehensive I think.
- blntechie 16y agoIf it's for work, their terms of service and RBI regulations forbids this. It will work but might not be exactly legal. https://www.xoom.com/sendmoneynow/xoom-money-transfer-licensing-information-for-india https://www.xoom.com/sendmoneynow/xoom-money-transfer-licens... "Commercial/business remittances and remittances toward the purchase of property, investments or credit to Non-Residents’ accounts (NRE or NRO) and donations/contributions to charitable organizations are not permitted."
- kingsidharth 16y agoHmm. It's almost impossible to get money in India without Govt. knowing about it - RBI is way to smart for you. Try Western Union? It's for personal payments thought - so make sure they have no problem sending it that way. Call up your bank and ask if there is a problem in you receiving money in dollars, I don't think there should be any. $12-15 are just 500-600 bucks. Don't bother much, if there is too much hassle, just skip the money.
- rick_2047 16y agoI too am planning to do this one just for karma (the real one, not the HN one :) ) if it becomes too much a hassle.
- kingsidharth 16y agoSounds cool! Or ask them to buy you a domain name and get a website going :P
- rick_2047 16y agoMy thoughts exactly
- sandGorgon 16y agoGift certificates? e.g. Indiaplaza
- hippich 16y agoI am thrilled by something new emerging - http://bitcoin.org http://bitcoin.org If you like emerging technologies - check it out!
- hippich 16y agoBTW, you always can accept PayPal and never deposit it to your bank account. Instead spend it for purchases on ebay, hosting or domain name.
- oomkiller 16y agoHawala?
- vineet7kumar 16y agoIf you are getting money for some website or some service and your customers are general users, I guess it is best to stick to paypal (please get a PAN card ASAP). General users might be uncomfortable to use other lesser known methods to make payments. "So my question is, is there a safe way (tax department safe, if you know what I mean) to get such small payments in India?" Please do not evade taxes. Do follow legal means to save them but do not do anything illegal (i.e if you mean this way).