How To Get A US Paypal?
I am Anoop and I live in India.
I have been in IM for 6 years now, but in these 6 years the thing that has caused me most frustration is Paypal.
The thing is Indians are not allowed to buy anything or send funds from the paypal balance directly, also paypal automatically sends all the funds in my bank account within 24 hours whether I want or not.
Actually I think paypal is forced to do this by Indian government, to prevent money laundering or something.
This creates much frustration while doing a product launch and other online business activities, say for example in a product launch I make sales worth $5000 and out of those 5k sitting in my paypal I have to pay 3.5k to my JV partners, I can't.
Because paypal will automatically send those 5k in my bank account, and then the only way I am left with is to pay my JV partners via my credit card.
Indian banks also charge around 4 - 5% extra while making an international transaction using credit card, which includes all sort of charges like currency conversion, service tax etc.
Till date I have not found a good alternative for paypal.
I know there are third party websites which are selling verified paypal, but this is not a long term solution because after X number of transactions paypal will ask for SSN and these guys can't give you SSN since they use fake ids.
I am kind of stuck at this, and I really want to find a long term solution for this issue so I can focus on more important aspects of my business.
Are you okay?
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