Getting money from abroad can be very complicated for Indians. And sending money abroad is almost impossible unless you follow the strict rules and regulations set by the Reserve Bank of India. In this scenario, most bloggers, freelancers, foreign students, and even Indian businessmen are turning towards PayPal, the world’s largest international payment system.
In recent years, PayPal has tightened its rules in India too. For example, if you are a freelancer or blogger, then you must provide an item and service tax identification number (GSTIN) to use PayPal. This can be a burden for most freelancers and bloggers, whose revenue really does not justify GSTIN’s choice. To help in complying with GST laws, do not mention documentation and long expense on a chartered accountant.
There are other hurdles in getting money from abroad or paying in foreign countries: Some organizations and individuals do not accept PayPal for only a few reasons.
Now you have an incredible opportunity to increase your reach and earn more as a freelancer and blogger. But PayPal becomes an obstacle. What to do?
I would recommend choosing from seven best PayPal options for bloggers and freelancers. They are also reliable and respect all Indian laws and follow all international standards.
Top 7 PayPal Alternatives for Bloggers & Freelancers:
Personally, I would say Payoneer is equal to PayPal. I mean, there is no significant difference between the services offered by them. Payoneer has more than four million users worldwide and works in some 200 countries. Big companies like Upwork.com, Amazon, and Fiverr.com – which are mostly used by freelancers and bloggers to get money from abroad.
Registering with Payoneer is easy. Enter your name, address, permanent account number (PAN) and bank details. As a rule, Payoneer takes two to three days to check your credentials. You will receive an email once your Payoneer account is activated. You can also pay for online purchases on foreign sites like Rakuten and Airbnb using Payoneer.
If you need to send money abroad and send it instantly, try Skrill. This website and this app does not charge you for sending money out of India. However, these remittances from India are subject to the rules and regulations of the Reserve Bank of India and the Government of India. Skrill does not charge any commission for receiving and sending money. However, you may have to pay a small service fee, depending on the amount received from the foreign source.
One of the key features of Skrill is their immediate calculator in Indian currency of Indian Rupee. It is especially useful for sending money outside India. You can get real-time exchange rates with Skrill Currency conversion calculator. Apart from this, how much money can you get in Indian rupees from an independent or partnership project using this calculator?
WebMoney is a universal payment system popular around the world. Most freelancers and bloggers use it as an alternative to PayPal to get money from the United States. The reason is simple: WebMoney usually offers a better rate of currency conversion than the prevailing market. Therefore you can get a little extra by requesting payment from WebMoney.
There are many unique features on the WebMoney It can be used as mobile wallet or online where you can deposit money and send it to the bank or use it for payment if needed. He also has a budget planner. ‘Rais Funds’ is another great feature of the WebMoney. This is particularly useful in case of emergency and if you want to benefit from crowdfunding for legitimate and honest purposes
For bloggers and freelancers in India, there is another option available for PayPal. This is Instamojo. It is an all-in-one universal payment system that allows freelancers, bloggers and business people to get instant money from foreign sources. Although universal payment systems are relatively new in this highly competitive area, Instamojo has more than a million users. The number of users increases by about 10,000 new additions per day.
Instamojo has its own online store where you can buy indigenous and foreign products. When you buy something, their online payment system allows you to easily transfer money. However, Instamojo has suffered a slight loss. Send money with this website abroad and this app can be a bit difficult. If you want to get money from abroad, then this is a great application.
The WorldRemit global payment system is specially designed for India. This company has entered into instant cash loan agreements with various major Indian banks. If you have an account in one of these banks then you can send or receive money in seconds. Receiving money from WorldRemit abroad is easy, but you may have difficulty sending a large quantity outside of India. However, this is not a problem if you compare the outstanding features of this payment system.
You have four options for sending or receiving money: Direct credits on your WorldRemit online wallet, a credit on your bank, bank-to-bank transfer, and mobile recharge. Yes, this is true. Anyone around the world can recharge your Indian phone number with WorldRemit and enjoy the discount.
Yes, that’s it. Paytm gradually crosses all obstacles in terms of currency transactions. Now it offers conversion of more than 20 different foreign currencies in Indian Rupees. However, these services have not yet been increased, because Indians primarily use the Paytm for their purchase, savings, and local investment.
One benefit that you have with Paytm, it’s widespread acceptance in India. You can send and receive money directly from Paytm into the bank account. You can also open Paytm Payments Bank Savings Account for free and get Paytm Rupay Debit Card for a small charge. There are various features in Paytm that allow you to invest money in various schemes like Mutual Funds.
UK-based UK transfers are another popular payment system in India. The company added additional features to make the Transferwise for Indian freelancers and bloggers. Transferwise has been rated as five stars by many major financial institutions around the world.
Does this make an attractive choice? They have a real-time transfer update system. This means that every time you send or receive money, Transferwise sends you automatic updates via email. These updates tell you which phase of your transfer is pending or in process. Therefore, you can be assured that there will be no fraud or scams which will affect your incoming or outgoing money. Transferwise to PayPal can be the best option.
A simple search on Google will show several options and options for PayPal. Before choosing, read their comments and opinions of their customers. There can also be traitors. I would also recommend bitcoin wallet because many foreign companies use cryptocurrencies to pay foreign providers such as freelancers and bloggers. However, a government bill in India says that the cryptocurrencies are completely stored in India and their possession is a non-felonious crime. In fact, it is understandable that every freelancer and blogger have many global payment systems in their quiver. This helps you overcome all kinds of problems that can happen to a foreign party.
Hi, I am Purushottam Kumar by Profession Blogger, Youtuber at “PURAADigital” Digital Marketer by passion by heart, Social Influencer. Helping People to succeed in the online world. All an all want to Live life King Size.