how paypal works for indian residents?

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nfsfan

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hi all
i recently found some online money making ways , and they require a paypal account.now my money is transferred to paypal in dollars , and i want it in my indian bank account in indian rupees(which is not mentioned in their site) . so what is the procedure to obtain the money as i had heard that there is a law having transfer in dollars as a non bailable offence.
 
on the site its nowhere written that the check will come in INR.. it says it will deduct 5$ per check ....and they ask me also to give amount in dollars...so how do itell them that i want it in rupees?
 
kippu said:
is this the elgolo thingie?
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err..u mean..agloco..eh? :lol: :P :rofl:

nfsfan said:
on the site its nowhere written that the check will come in INR.. it says it will deduct 5$ per check ....and they ask me also to give amount in dollars...so how do itell them that i want it in rupees?
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Afaik, u give them the address and request a pay out and they send u the cheque in USD only...only thing is, u have to take it to citibank (mostly it is encashed at citibank) and they convert the amount and give u the money in INR...i was told about this procedure on some forum..havent tried it though...;)
 
Paypal issues checks in INR, they have a very low conversion rate though. you can directly deposit it into your bank account.
 
^^cheque = british/indian, and check = american... so both are right since Indians love embracing the western culture.
 
Dceite said:
There is NO online money making scheme. All are Scams.
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Its not right to say that all of them are scam...people do get paid...the most legitimate example is google adsense and adwords..they pay u for sure..

All major affiliate businesses online pay you...its just tht people do not have patience or they do not want to do any hard work and expect easy money..sure, there is no such thing as easy money..but if u work wisely, u will make a lot of money online..u just need to know the difference between a genuine scheme and a scam...i have full faith in adsense...it works...plus ppl keep coming up with different ways to make money online..check out alex tew's The Million Dollar Homepage - Own a piece of internet history! ...now tht was really a genuine way to make money and just see how a simple idea made him one of the biggest success stories in net business today...

the point is, u need to do a lot of research and shud be ready to do a lot of hardwork if u expect some handsome returns from the net...
 
for getting a cheque from paypal, minimum amount is USD 150. you can get a cheque in your name and get in encashed in your bank or directly transfer it to your CITIBank account.
 
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