Results 1 to 5 of 5
  1. #1
    dR Contributor www.desirulez.net
    Join Date
    Jun 2010
    Location
    India
    Posts
    2,470

    Default Verifying Indian Paypal Accounts with Entropay

    Follow us on Social Media





    Are you an Indian with a Paypal account that never gets verified and you do not have a credit card? I am going to provide you a solution to your problems. This solution will help you get your paypal account verified without having a credit card. Hope you’d like it and feel free to share this article so that you can help other Indians as well!
    The Issue:
    Since 1st March, 2011, Reserve Bank of India put up a lot of resitrictions on Paypal. According to RBI, Paypal preserved the money of its users, which is considered as “Banking” or as a “Financial Institution Company“. These companies are liable to
    pay certain taxes to the Indian Government, which ofcourse Paypal did not want to pay. Hence, RBI made a few changes in Paypal’s policy and almost killed it!
    At this very point, internal Paypal transactions amongst its Indian Users are not possible. Indians can only send money to foreign paypal accounts. At the same time, it is now compulsory for every Indian paypal user to link his bank account to paypal to get it verified. Also, it is compulsary to have a credit card in order to send the payments. You can no longer send payments using the balance from your Paypal account. It has screwed over a lot of webmasters and online entrepreneurs since they always used paypal to expand their business.
    Alternatives:
    Right after the Paypal fiasco, a lot of competitors tried to earn new clients. Some of the leading competitors are 2checkout, Moneybookers, Alertpay. However, none of them could be as big as paypal, hence, they were somewhat flopped in India.
    Solution:
    Since I am involved into online transactions, even I had a big hit and lost a lot of payments. None of the clients wanted to visit the bank branch to deposit the cash or check. They all were dealing with me since it was easy for them to simply send me the payment online.
    After a lot of research, I came across this virtual credit card facilitator called Entropay.com. I had read somewhere that people who do not have credit card are using “virtual credit cards” in order to get their paypal account verified. Which actually emerged as altogether a different industry of “VCC Sellers”. Well, most of them were scammers but there were a few legit users as well.
    Entropay seemed like a legitimate company to me who provided virtual credit cards. You can simply use your Indian Debit card to load funds into your Entropay VCC. Here are a few highlights that you would be interested in:
    You can create as many Virtual Cards as you want in a single Entropay Account.
    Minimum amount you need to load to create a new virtual card is as low as $20.
    You can easily transfer the funds from your one VCC to Other easily.
    Entropay charges 4.95% of all the funding transactions you make. For example, if you load $100 into your VCC, you would be charged $104.95. There are no charges when you use the VCC to make payments online.
    Verifying Paypal account with your Entropay VCC is possible. My own paypal account is verified with Entropay card since past 8 months and its working without a problem.
    In short, it is possible to get your paypal account verified using Entropay’s virtual credit card. There is no need to pay some 3rd party VCC seller and get screwed over

  2. #2
    dR Force!!! www.desirulez.net
    Join Date
    Sep 2011
    Location
    La la la Island
    Posts
    8,728

    Default

    Thanks would be helpful for me in future



    It's Clobberin Time

  3. #3
    Moderator www.desirulez.net
    Join Date
    Apr 2012
    Location
    Birmingham,UK
    Posts
    4,054

    Default

    I think you can also use pre-paid credit cards too, so you order a pre-paid credit card and transfer funds from your bank account to the pre-paid credit card and register your pre-pay credit card on paypal.. here is a site that you can order them from

    Prepaid Cards | Prepaid Debit, Credit, Gift Cards - Axis Bank

  4. #4
    dR Contributor www.desirulez.net
    Join Date
    Jun 2010
    Location
    India
    Posts
    2,470

    Default

    Quote Originally Posted by The Enigma View Post
    I think you can also use pre-paid credit cards too, so you order a pre-paid credit card and transfer funds from your bank account to the pre-paid credit card and register your pre-pay credit card on paypal.. here is a site that you can order them from

    Prepaid Cards | Prepaid Debit, Credit, Gift Cards - Axis Bank
    After adding credit card u will able to send funds.

  5. #5
    Moderator www.desirulez.net
    Join Date
    Apr 2012
    Location
    Birmingham,UK
    Posts
    4,054

    Default

    Quote Originally Posted by Ash View Post
    After adding credit card u will able to send funds.
    no you can send the funds from your bank account to the pre-paid

    i will double check...

    OK you can actually do it this way it is a little longer because it takes 3 days for the money to go from your bank account to the pre-paid credit card

    (money from your bank account) -------> Prepay card -------> register with paypal using card -------> Varified in 2 to 3 days

    this works in India i have had it verified
    Last edited by The Enigma; 11-08-2012 at 09:30 AM.

 

 

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •