Latest Announcemnent
New thread

[Tutorial]Verifying Indian Paypal Accounts with Entropay

Status
Not open for further replies.
I

Ifirst

Active Member
281
2011
133
0
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 Sellersâ€. 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
Click to expand...

Hope its useful for Indian WJ members:P
 
24 comments
you cannot pay from the funds u have in ur pp account. But can pay upto the amount your entroypay vcc is worthed of.
 
Paypal bans (limits) the accounts who use VCC now, in india. Lucky ones stay
Click to expand...
Not really. Well paypal mainly bans of the following reasons

1) Your receives money from an unknown and a claim is raised
2) You receives money and move to bank or send somebody too fast
3) Somebody sends money to you with description other than business related
4) Lot of chargebacks
5) You logging into multiple accounts with same ip
6) You register new account after your old account getting banned and using the same PAN/ADDY/NAME
7) You have been reported by someone to paypal claiming you are doing unethical things with paypal

Well its from my own perception as its like that happened to me in my online life since 2006
 
My friend is using Entropay since 5-6 months he haven't got limited so far
CJ is right......you can load your funds to entropay and use it @paypal. Any balance in your paypal account get transferred to your bank with 7 days as per RBI rule
 
can you answers this questions
1)how long you have been using entropay vcc card on your paypal
2)what is the min amount to be added in entropay vcc
3)what details did you get after adding the funds in your entropay vcc (did you get vcc card number,card expiry,cvv number)
4)is it is possible to send money to indian paypal account holders by adding entropay vcc in paypal account
 
No need to have any credit card just to get verified.Yes. You can verify your pp account just adding Bank Account and pan number.I did the same last year and still enjoying.Yes VCC can be used for payments of bills or anything else. But its a bit coastlier.Entropay charges 1$ fee for loading funds. Means you have to pay 21$ for loading funds.We cannot use paypal funds to purchase products or paying bills. Entropay cc lasts 1 year.
 
sathishkumar said:
can you answers this questions1)how long you have been using entropay vcc card on your paypal2)what is the min amount to be added in entropay vcc3)what details did you get after adding the funds in your entropay vcc (did you get vcc card number,card expiry,cvv number)4)is it is possible to send money to indian paypal account holders by adding entropay vcc in paypal account
Click to expand...
1. I have using since jan 2012.2. $20 is min limit.3. You will get all details.4. No you cant send money to indian account.
 
Did any of you use entropay VCC recently? Like in 2 months?
I m not talking about 6 or 8 months back,.. they use to work back then.
But now they dont... If it works for you, let me know.
 
Status
Not open for further replies.
Back
Top