Paypal alternative for sending and receiving money online
Paypal is a great payment processors, it is accepted world wide without a doubt. Though it has some limitations, like the identification. Paypal don’t offer address verification option. For verifying a paypal account you need a credit card. Most people don’t have a credit card, so they can’t verify there account. Then some of them try to cheat the system by vcc, which is not exactly allowed. There are many other problems with paypal. Paypal service is not available to all the countries of the world. Also in most countries paypal don’t offer bank transfer, then the only option to receive the money is by check. Check takes a long time to come and sometimes it gets lost as well.
Though paypal is highly recommended, and in case you don’t have a paypal account, click here to get one for free.
Now lets come to the alternative of paypal. Most of you already know this, yes am talking about money bookers. Money bookers is free to join, if you don’t have a money bookers account yet, get one for free now. Money bookers is available to a lot of countries so it has a great edge over paypal. Money bookers also provides bank transfer, for this, you will have to know the swift code of your bank, which your bank officials will tell you. Just enter the swift code and money bookers will transfer the funds to your account. This is one of the easiest ways to get your money to reach you.
The biggest advantage of money bookers is, you don’t need a credit card, you start with a withdraw limit of $1500 for a 3 months duration. This is not too big, but then a free address verification can lift your limit to $5000 for a 3 months period. This limit is enough, and can work good for small online business men. Though there is further scope of increment, if you give your credit card, but then for me this amount is enough. For address verification a letter from money bookers is issued, in the letter you get a secret code, once that code is entered, the address is verified. It took me about 25 days, for the letter to reach me, and about a second to enter it and get verified.
This entry was posted on Tuesday, April 24th, 2007 at 4:56 pm and is filed under Netguide. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.
Money bookers is a good alternative. But I prefer egold.
May 20th, 2007 at 4:09 am
Hello Sir.
What is the easiest way to receive money from abroad. I am living in India.
Thank you,
suja
March 6th, 2008 at 7:00 am
hi suja,
paypal, moneybookers, xoom, western union all are good options. I suggest you to go with paypal if you are receiving money because of a business deal, for getting money from friends and family western union is a better choice,
am from India too,
March 6th, 2008 at 4:06 pm
what are the requirements to have a paypal account……or money bookers…
what are the eligibilities to create an account..iam from india…i am confused can you help me..
May 30th, 2008 at 9:56 am
I’m not really aware of any issues that would effect the average person.
You shouldn’t have any problems.
May 31st, 2008 at 10:32 am
Paypay is very customer UNFRIENDLY they think everybody has a credit or debit card or an account in the US. They should conduct a customer survey and find what we customers want. To access simple information it takes you TONS and TONS of materials to read to get what you want. They should not use the word WORLD WIDE because they just cove quater of the world. Go for Western Union, Money gram, Ikobo cards and you will get your money on time. Forget about PAYPAL.
June 26th, 2008 at 11:43 am