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First of all, HAPPY HOLI to all. Its the festival of colors and I wish everyone of you a colorful life. For those unaware, Holi is an Indian festival when people apply colors on each other, forget all their worries/inhibitions and enjoy life in unison.
In my last post, I had told you about how the Paypal issue is partially resolved at this point of time. According to paypal officials, bank withdrawals will start from 3rd March’10. But until the problem is resolved completely one does need to find alternate ways. Also, this issue should make us realize that we should be prepared in future. So in this post I will be telling you about Paypal alternatives and also how to withdraw money from Paypal in the current scenario…
1. Moneybookers.com – Like Paypal, this is another service which serves for 30+ countries, India included. With low transaction rates and easy money transfer options, this is one of the best money transfer methods and a good alternative to Paypal. It allows direct withdrawals via local banks, credit card, cheque, etc.
2. Payoneer - This service is for those who would like to have the ease of drawing money at any point of time instantly or even to enable themselves to make purchases. Payoneer provides its account holders with cards on a monthly maintenance fee which are similar to any credit/debit cards. You can top-up the card and use it as you please. There are transaction rates involved in ATM withdrawals.
My suggestion would be to get this card and use it for emergencies. Though the maintenance fee is little high. Currently, Payoneer is issuing cards for free without any initial cost. Make the most of the offer.
You can send funds to your bank account using Xoom from your own PayPal account in less than 2-3 business days (for smaller amounts, it’s as quick as less than 24 hours).
Here’s a detailed explanation on how this works:
You can track the transaction any time by logging into Xoom via the “My Accounts” page. Xoom transfer money fast though there is a limit to how much you can transfer.
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