I want to get money transfer to india.. how?

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neomustdie

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hi,

i want to take couple of thousand dollars from another person in US for an online deal. Problem is if i use paypal then i run a risk of him backing out and taking away his money.

i heard escrow account is the best bet... can anyone help me how to do it? i dont have any clue on this thing... is paypal safe or can he back out?? i gonna loose lakhs on it...

regards
neo
 
escrow is reliable and makes transfer safe. But they will charge some bucks.

Are you scared of paypal chargeback??
 
You can Trasnfer via Moneygram or Western Union. For money gram u can find a local office or visit any of Thomas Cook offiice.
 
Escrow is best, used it many times. See you are doing online deal, and you cant trust the trader then you should go for escrow only.

Never go for WU or any other even if he assures you or anything, coz you cant do anything after that.

and he even may say he is verified paypal and send you money but still there is possibility of chargeback..coz being verified in PP is not a big job anymore.

With Escrow procedure would be :-

1. He puts in money to escrow a/c via cc.

2. wait to get deal over, if domain exchange etc etc.

3. you get money wired into any bank account in the world.. if you've provided swift etc details

Escrow may charge around 150-160 for xxxx amount or more.

-Raghav
 
Although I don't have any personal experience, but I have generally observed, when large amounts are involved, Escrow is preferred.

I would suggest you to go ahead with Escrow, it is much safer. Avoid Paypal, as you said he could back out and Paypal would screw the seller.
 
Yes Escrow will be the best.

Western Union also will be ok as he wont be able to reverse it once you collect the payment from the agent.
 
varkey said:
Yes Escrow will be the best.

Western Union also will be ok as he wont be able to reverse it once you collect the payment from the agent.
Click to expand...

+1 haven used any one of them but Heard both are good..:hap2:
 
Moneygram is also safe. i have worked with thomas cook and was responsible for accounting of moneygram transactions. it is safe.
 
blr_p said:
Lets try this again
Click to expand...

http://www.escrow.com

As someone who's used Escrow a handful of times to receive sums which have even been in the $ XX,XXX range I'd like to reaffirm the fact that its the quickest and most painless method around for transfers where such sums of money are involved.

Basically, the buyer will initiate a new escrow transaction, which you (the seller) have to agree to as well. The terms determine how the escrow fees will be paid(entirely by seller/buyer or split).

Once that's done, the next step is the buyer deposits the sum to escrow who hold the funds and when this is done the inspection period (which is defined in the terms you agreed in the first step) kicks in.

If the buyer is happy with what he's getting at the end of the inspection period, he confirms the transaction. If he backs out at this stage then no party loses out.

Now the next step is you must hand over all your properties over to the buyer and he must confirm receipt. In the rare case that he doesn't, his money will still be stuck in Escrow while they investigate so it's rare that he'll dare to take such a risk.

Once he approves payment, the payment goes through within 2-3 days and the transaction is complete.

It's as close to fool proof as it could possibly be.
 
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