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Dollar payments by thousands of small and medium Indian businesses have been stuck over the last three weeks, after US online payments company PayPal suspended payment transaction to and from India over regulatory issues. PayPal’s move followed questions from the Reserve Bank of India (RBI) about whether the US firm complies with laws on cross-border money transfers. Over 7,000 complaints, from customers who are unable to trace their money, have flooded internet portals and blogs.
On January 28 this year, the RBI clamped down on PayPal for carrying out interbank money transfers without a requisite licence. PayPal, which manages over 190 million accounts in 194 countries, responded by suspending monetary transfers to and from India, a move that has affected 30,000-40,000 businesses and individuals. Even as the outage is likely to continue in March, PayPal India officials were inaccessible for comment. Neither Farhad Irani, PayPal’s Asia Pacific head, responded to an e-mailed questionnaire nor eBay India’s spokesperson.

Meanwhile, small businesses are bearing the brunt of the impasse. Mahendra Sharma, chief executive of IT companies in India, a Web solutions company, had requested withdrawal of $6,500 made to a US client via his PayPal account. “I assume it is nowhere in the system, because till date, I am unable to trace it; it is neither in my PayPal account nor in my bank. PayPal simply apologises for the inconvenience and says that it is ‘working on it’, but has no clear explanation to offer,” Sharma fumed. PayPal users were first told on February 3 that the portal was in the process of upgrading its systems.

Krithika, a director with Chennai-based website design firm Anis Info Web, is yet to trace her $2,000, transacted to a US client on February 1. “They promised to reverse the money to my bank account which they didn’t. It’s not there in the PayPal account either. There is no clear time window on when I will get to know the fate of my money.”

PayPal has become the standard mode for making payments and withdrawals to many Indian SMBs and freelance programmers, bypassing the high processing fees of conventional banking channels. Companies noted that banks typically charge between $40-$50 as transfer fees per $1,000 transacted. Making a snappy money transfer via credit card on PayPal was viewed as a cheaper and better option.

According to users of PayPal, while the portal does not have investment bank status, it has been performing the functions of an investment bank. “If they did not have the RBI approval for conducting bank-to-bank transfers, why did they start money transfer operations? In the event of them going ahead with processing business transactions and charging fees for the same, RBI should have stopped them early on. Too many transactions are blocked, with absolutely no clarity on payment and withdrawal status,” said the CEO of a trading company, who finds himself unable to access the $15,000 which he sent via PayPal earlier this month.

Defining himself as a “creditor” in a purely legal sense, the CEO said that PayPal users are likely to form pressure groups to press their case with the RBI. “We are unable to understand PayPal’s reticence and lack of transparency with customers.”

Saurabh Bhandari, CEO of Indore-based Flair Solutions, said, “My money with them is untraceable at present, and my complaints are still unresolved. Practically anybody in India who does business with small clients in the US have been using PayPal because they trust them. But this trust is disappearing.”

“We are working on a consensus among affected users and exploring legal options, if the status of the money remains unclarified by PayPal,” added Sharma, who has written to the RBI’s Mumbai branch for a clarification on the issue.

- Business Standard

- Targetseo.com - SEO India

It was announced recently that the UK is now officially out of recession, and recent figures from a new report from Global SEO Company and Econsultancy, show that SEO spend in the UK is expected to increase in 2010 as businesses look to grow their online presence.

The report, which can be accessed here at Econsultancy, reveals that 46% of those businesses surveyed said they were planning on increasing their marketing budgets in 2010 – but 66% said they would be increasing digital marketing spend this year. Digital marketing covers PPC, search engine optimisation (SEO) and other forms of online marketing.

The figures also show that 28% of the UK businesses surveyed would be switching their marketing budgets from traditional offline areas and into online advertising.

SEO Company believes that one of the main reasons for businesses moving towards online advertising and SEO is that ROI (return on investment) is a more important factor following the recession. Businesses now need to see just how much profit their advertising mediums are earning for them, and online advertising is particularly easy to monitor in terms of your ROI.

Targetseo.com - SEO India Company provides SEO Services and SEO Marketing Services for USA and UK Companies as Offshore SEO Company Partner - contact on seo@targetseo.com for more detail about seo services and seo packages - http://www.targetseo.com

Hiring an SEO firm or SEO Resources from India is beneficial for organizations who want to promote their products and services in online market.

India is a hub to Hire SEO resources due to its search engine optimization capabilities across world.

Targetseo.com, an SEO company of India is helpful in increase online branding and traffic to the website by experts search engine optimization skills.

visit: www.targetseo.com

Web sales, web traffic, and revenues of company have outstanding effects.

SEO professional of company are very experience in using better implementation algorithms techniques. 

Various seo and website designing companies from Europe, Australia, US outsource their non key business to SEO Company of India.

Companies across the world are hiring SEO Company from India due to following explained reasons.

Cost Effective and economical SEO outsourcing: SEO Company of India provides affordable SEO services. These services have high return on less investment. Companies are making large revenues on fewer funds.

visit: www.targetseo.com

Targetseo.com working with various international clients based at USA, UK, Dubai and other european countries for full search engine optimization project for hour and package basis.

Hire SEO for Below Mentioned Services.

Organic Search Engine Optimization
Search Engine Marketing (PPC)
Social Media Optimization
Link Building - Link Exchange
Directory Listings
Social Community Optimization
Video Optimization and Submission
Social Book Marking
Photo / Image Optimization
B2B / B2C Portal Marketing
Internet Marketing
SEO Content Writing
SEO friendly Website Designing
Email Marketing
Google Local Marketing

If you want to hire best SEO services and SEO Company or SEO Resources for Hour Basis - please send your inquiry on seo@targetseo.com

Management Thinker Dr. Shailesh Thaker takes the pride to launch Stress Management / Mind Management workshop in January 2010 in Mauritius. This will be a great opportunity for business leaders to de-stress their life and develop brain.

Dr. Shailesh Thaker, renowned management guru and management thinker, is launching stress management / mind management workshop in January 2010. The seminar will be organised by event partner Multievent Group, at Le Meridien, Ile Maurice, Pointe-aux-Piments in Mauritius.

This unique seminar on mind management / stress management is greatly beneficial for business managers, executives, directors and professionals to de-stress life and help great balance in both professional and personal life. The workshop helps understand the central role of human mind in helping an individual perform more effectively.

A study states that people have the capacity to succeed but most of them only uses a very small portion of brain. In an age when creativity and time are the key commodities, learning to use the brain is the skill. Only if people can learn faster and more effectively they will be able to thrive.

And skills to develop brain is taught in this workshop. The workshop emphasises on brain development, creativity, skills to use maximum amount of brain and help professionals grow. This workshop helps understand the centre role of our minds in helping us perform effectively.

Dr. Thaker is the world-renowned management thinker and motivational speaker on organisational behaviour and development. He is the CLO of Knowledge Inc. a highly reputed training firm, which always helps organisations to achieve international benchmark. Dr. Thaker as a management guru is always in demand as a keynote speaker, business coach and training guru for the management and training conferences.

This mind management programme is just for two days that gives maximum exposure to the factors of stress levels and tools to handle them. This workshop trains managers, executives, professionals to work out special stress reliving skills. This workshop also provides great benefits. It will help control temper, develops tremendous power of suggestion, and increases confident level, increases efficiency at work place as well as personal life.

With the collaboration of Multievents, Dr. Thaker brings this unique and effective workshop with stress management tools and help brain development at its optimum level. People are rushing for registration, as the seats are limited.

Please follow the link for registration

http://www.drshaileshthaker.co.in/mindmanagementformanagers.html

Registration in Mauritius
Ms : Sonia/Vashna
Angle Rues Ritter et T. D’Arifat Curepipe
Tel: 670 9744 / 290 5050
Fax: 290 6050
Email: registration@multievents.mu
Website: www.multievents.mu

KNOWLEDGE INC.
208, Circle P, B/h. Parin Furniture,
Prahladnagar Cross Road,
S.G. Highway,
Ahmedabad - 380015,
Gujarat - India.
Mobile : +91 98240 23886
E-mail : clo@trainingguru.org
Website : www.drshaileshthaker.co.in

All SEO and Internet savy people who’s love Google.com - 27th September is Google’s Birthday. Top SEO Meetup Group, Ahmedabad, Gujarat, India -  Invite you to join Birth Celebration of Google Dt. 27th September 2009.

Please Join Our Top SEO Group http://www.facebook.com/group.php?gid=130362553494

For Subscribe for Google Birthday Event please use below mention link

http://www.facebook.com/photo.php?pid=18720&id=100000258018363#/event.php?eid=116570152705

Please Contact for detail

Paavan Solanki : 91-9825326777 seo@targetseo.com - http://www.targetseo.com

Bhavin Bhavsar : 91- 9825063664