[BitOcean] Payment methods [Suggestions needed]

[Dashing]

Hello,
We (BitOcean) seem to have hit a big stone on the way, we never really expected this one but anyways,

Now that we can't use WesternUnion (can only receive, you can't send :/),

what ways do you suggest to send and receive money to/from us ? (Apart fron NEFT/Bank transfer)


looking forward to your suggestions

[Benson Samuel]

Welcome to India's closed loop banking system

[Dashing]

I hate to say this, but yes :/

[Benson Samuel]

Been studying Banking strategies for the past few weeks and it seems that nothing much apart from competition keeps them from accepting deposits.

Why not talk to a smaller bank? We know that they need every deposit possible.

[Fifth_ID]

Banks are probably planning to integrate bank account numbers with bitcoin addresses.

I can't think of options that are well known apart from billdesk and ccavenue.

[skang]

What is the problem with bank transfers??

The only ways I can think of are follows : (though they seem enough for all Indian businesses)
1.credit cards
2.debit cards
3.Net banking
4.Cheque/Demand draft
6.Wire/Online transfer
7.Cash on delivery for redeemable coupons or gharpay
8.Mobile payments (Paymate)
9.ITZ cash cards

[Benson Samuel]

Hmmmm... Anyone know if Postal money orders are still in existence?
I think that is the answer. They used to be quite discreet, unsure about now.
And I am sure that there will be limits.

[legendster]

Hmmmm... Anyone know if Postal money orders are still in existence?
I think that is the answer. They used to be quite discreet, unsure about now.
And I am sure that there will be limits.

They Exist ! As a matter of fact they have improved their services in the last 3 years. They even got a new logo now.

[Benson Samuel]

Anyone know the details?

What are the limits?

Is it anonymous?

Etc..

[Dashing]

Hmm, Gharpay seems to be good, but i think they come to your house to collect the money, which I am not too sure how that'll work in every city in India..

I need to look into westernunion again, if they allow to send and receive in india, i wont mind using that..

[Benson Samuel]

I would assume that you can go to a gharpay collection point to pay as well.

[The Bitcoin Catalog]

Will you list your exchange on http://bitcoincharts.com/ ?

[Dashing]

Will you list your exchange on http://bitcoincharts.com/ ?

Yes we will contact them to list us once we get our exchange going..

[StLucifer]

direct cash deposit to bank account OR NEFT transfer will be the best way to deposit money.

Credit/debit cards can be used in a way similar to how Virwox uses it -> use the card to credit your account with USD/INR/whatever, and then use that money to place a bid on the btc. this is more expensive and i do not know how they get protected against chargebacks.

[legendster]

Gharpay doesnt exist in Westbengal, even if they do i dont think they are that spread here, again any service in any state is mostly available to the main state capitals and not the more rural areas - where electricity is more cheap.

So I suggest a form of mobile payment, you know ?

Where the user sends a message and he gets a call or another message confirming his request & the amount is directly deducted from his account balance.

Or simply make a call from a mobile/landline and top up your account through that - through your MAIN ACCOUNT BALANCE - I see a way where this can make the life of STD owners a lot tougher - if you know what I mean.

[Benson Samuel]

Any way to do this without linking a bank account?

I assume that is what Dashing is trying to achieve here.

[legendster]

Any way to do this without linking a bank account?

I assume that is what Dashing is trying to achieve here.

By Account balance I meant MOBILE account balance.

[Benson Samuel]

That will work for prepaid users.
I have seen people recharging for others as well, but scope is limited to pre-paid users.

And how much can be charged at the most each month? 1-2K max?

Does not really help if someone wants few more.

[legendster]

That will work for prepaid users.
I have seen people recharging for others as well, but scope is limited to pre-paid users.

And how much can be charged at the most each month? 1-2K max?

Does not really help if someone wants few more.

2k ~ 3k max per recharge (airtel) I dont think there is an upper limit to how much one can recharge every month, I could be wrong.

[Benson Samuel]

Yes, that could hardly buy 1 BTC once the price leveling happens.

Ex. My bills never exceed 2K INR, so is that the limit that I can buy for?

What is the point of over paying?