Its very tough to loose our customers and taking unwanted tax charges in our transactions. Even paypal do charge some Reversal Fee, for the reversal done automatically by Paypal from Day 1 of this month. I was charged with 3.50$ for my 37$ Reversal done to one of my buyer. The recent posts “Paypal Stops Personal Payments to and from India” and “Paypal Reversal Hits High Alert to E-Merchants” can be helpful if you are reading this news for the first time here and have no clue about it. Bloggers and E-Merchants are very much frustrated with this behavior. But still there are people who says the Reversal didnt affect the Premier and Business account users when they receive money using “Goods” option while paying their bills.
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The best alternatives for Paypal to receive funds without delay from your customers can be “Moneybookers” , “AlertPay“ and “Liberty Reserve”. But ofcourse, do check their Fees and Tax rates while doing transactions through these services. This can be considered as an alternative but to that much comfort that you had with the Paypal. Being nothing atleast you can prevent your customers name removed from your database. Will surely come up with more alternative options in few hours.
Paypal is also acting bit faster to sort out all the issues that happened to its indian users. However, the delay and no announcement (till now in policy updates of paypal member page) may let the customer base of india getting reduced from paypal lists.
Alert pay can be a great alternative
I have never heard of moneybookers, but i know many people that use PayPal, Liberty Reserve, and AlertPay, as far as I can tell, they are great trusted companies that just didn’t get as popular as PayPal did. It’s a shame PayPal seems to be going downhill.