Icobo

At present, accepting payments is a headache. We have a growing business but as we don't have a paypal a/c, the payments are getting delayed. A client suggested Ikobo and we have done some transaction. But do you know about the Tax implications? We are in India.

 

I do not kno about the tax implications of Ikobo in India but this thread may help
http://forums.digitalpoint.com/showthread.php?t=85595

And why don't you register with PayPal??

 

I am not sure how it works...reason I asked for help in my previous post. I am planning to do this... only if I get the money faster....

 

you can only receive $500/mo with Ikobo - to raise your limits the client must get verified - meaning a lot of paperwork and waiting for the client

also clients must register themselves there and add funds to their account and then send you the funds - this drives your clients away

Ikobo is not a good option .. you might want to take a look at http://xoom.com though

 

As far as taxes are concerned, I am sure that India is inline with any other countries to say that you will be taxed based on your local tax rates for all income earned whether you use paypal or ikobo or some other methods.

 

Take a look at gCard.