Previously fund withdrawal had been a headache for most of the Indian Paypal users. One had to request for a check from Paypal and wait for almost a month for the check to arrive. Many people found this difficult and made use of services like Xoom for transferring money to their Indian bank account. But with the two latest withdrawal features, i.e. Direct Bank withdrawal and balance transfer to a Visa ® branded credit card, Paypal is going to be much more popular among the online Indian community.

Now the charge for transferring fund has also been reduced. Previously, while requesting a new check you had to pay $5 as processing charge. Now the  processing fee has been waived for transfers above INR 7000 and for amounts less than that you have to pay only a marginal fee of INR 50. Xoom used to charge $14.99 for transfers over $500 and $9.99 for smaller transfers.

With the new withdrawal feature the time taken for transferring money to reduced to 5-7 business days. Though the waiting period has reduced from about a month to a week, it is still long compared to the time taken by Xoom transfers to complete. With Xoom, I used to get my check within 3-4 business days.

Existing Indian Paypal users can avail this new feature by adding your bank account [1] to your Paypal account by providing your Country, Bank name, Indian Financial System Code (IFSC) and Account number. Ensure that your name in the bank record and PayPal are exactly the same or your transaction will fail and PayPal will also charge a processing fee of INR 250.

Indian Financial System Code (IFSC) is an alpha numeric code designed to uniquely identify the bank-branches in India. This is 11 digit code with first 4 characters representing the banks code, the next character reserved as control character (Presently 0 appears in the fifth position) and remaining 6 characters to identify the branch. This is different from the MICR code, which has 9 digits to identify the bank-branch. If you don’t know your branch’s IFS Code, then contact your bank’s customer care. Alternatively, you can also find the code from the list of IFS codes for Indian banks published by RBI.

You can transfer the fund to your account with any of the participating banks. The banks that are currently participating in the service are HDFC Bank, ICICI Bank, ING VYSYA Bank, Axis Bank (formerly UTI Bank), Standard Chartered Bank, State Bank Of India, Bank Of India, Canara Bank, Union Bank of India, HSBC and Citibank India.

I never expected it was going to cross the threshold this month. But by the beginning of last week of the month, I became hopeful and started waiting for the moment. The final update of a days net earning usually occurs after a few minutes past 12 PM IST. When I checked my balance at 11:45 AM, it was $99.98. The next fifteen minutes had been extremely thrilling. And when I next refreshed my account, I almost jumped with joy. And finally, the most happiest moment of my life as a webmaster arrived.

• Free Assisted Setup
• Free Assisted Setup
• $100 Self Serve Credit
• $100 Self Serve Credit
• $75 Self Serve Credit
• $75 Self Serve Credit

You can create more vouchers by replacing the last 4 digits (USXXXX) of the final url with other random digits.

Hope this helps. And thank JC for giving away the idea for free.

Update: Unfortunately, due to low response from visitors, Reno has decided to end the competition with Survey #3. But he has promised to run more competitions once the site is established.

Have you ever felt that someone has cheated you on money? Did someone buy you something for which you were made to pay? Did your best friend borrow your most precious watch and failed to return it? Did your neighbor’s son broke your expensive vase and you want your neighbor to get a new one for you? Did someone ask you for bribe to do their duty you? Do you wish to keep something a secret which will cause another person a huge financial loss? Have you ever faced a situation in which money and ethics clash and you are not sure what you want to do?

If you have ever faced a situation similar to the ones above and is undecided and confused on what to do, then CNNMoney has a blog named Do the Right Thing where professional advice will be provided by Jeanne Fleming, Ph.D. and Leonard Schwarz, authors of the forthcoming book “Isn’t It Their Turn to Pick Up the Check?”. The blog already have some interesting topics covered. It really help you in looking at a problem from a different perspective. I personally feel that their answers are really good ones.

So are are you in a crisis? Do you feel cheated? Are you confused? Then stop thinging and visit http://moneyethics.blogs.money.com and ask your question and relax.

BTW, you can contact the authors of the blog at the email address right_thing@moneymail.com.

Forum Posting

Forum posting can provide you multiple sources of income. Inorder for a forum to succeed, there should be a large number of users. But it is a universal truth that people tend to join only active forum. Hence to lure new users into joining, many forum admins start giving out incentives just for posting. These include

• Revenue Sharing – A portion of the revenue from the site is shared with its users. This is done by showing the users ads in the forum occassionally. Most of the revenue sharing forums require you to have a Google Adsense account for joining revenue sharing. The Digital Point was the first site to test this idea and it turned out to be a huge success.

• Signature Sale – Most of the forums allow you to append a text of 250 – 350 characters at the end of every post you make. Since forum caters to highly targeted audience this space can act as a very efficient advertisment space. Hence there is a increasing tendency among forum users to sell the space as signature link, rather than use it to advertise their own sites. Usually the rate is calculated depending on the importance of the forum, the reputation of the user, the number of posts made by the user per day and the total number of posts made by the user. Normally the rate is $0.01 per post for a month. ie, if you have 1000 posts, then you can make $10 every month. If you are a consistant poster, this can become a very good source of income.

• Pay Per Post – This is the last resort by forum owners to increase their user base. Almost all new forums enforce this now-a-days. The user is paid a certain amount of money, something between $0.01 to $0.1, for each post he makes. This won’t be a constant source of income, as all the forums will stop it after they start getting a good amount of natural traffic.

• Rewards / Awards – This is another promotion technique by forum owners. Awards are given out at the end of every month / year in different categories like Top Contributor, Most Helpful user etc.

AGLOCO

AGLOCO stands for A GLObal COmmunity.

AGLOCO’s story is simple:
Do you realize how valuable you are? Advertisers, search providers and online retailers are paying billions to reach you while you surf. How much of that money are you making? NONE! AGLOCO thinks you deserve a piece of the action.AGLOCO collects money from those companies on behalf of its members. (For example, Google currently pays AOL 10 cents for every Google search by an AOL user. And Google still has enough profit to pay $1.6 billion dollars for YouTube, an 18-month old site full of content that YouTube’s users did not get paid for!

AGLOCO will work to get its Members their share of this and more.
AGLOCO is building a new form of online community that they call an Economic Network. They are not only paying Members their fair share, but they’re building a community that will generate the kind of fortune that YouTube made. But instead of that wealth making only a few people rich, the entire community will get its share.

What’s the catch?
No catch – no spyware, no pop-ups and no spam – membership and software are free and AGLOCO is 100% member owned. Privacy is a core value and AGLOCO never sells or rents member information.

What is it that you have to do?
Nothing. Download the viewbar available from your Agloco account page and browse the web normally as you do. Ads will be shown on the viewbar and you get money depending on the number of hours you browse the web with the viewbar running.

Blogging

This is another way to start making money from the internet. There are many popular free blogging sites which allow you to start your own blog. All you need is an email address. How does blogging earn you revenue? There are again several ways.

• Affiliate Marketing – Affiliate marketing refers to promotion of products. You can write reviews about different products and use your affiliate link / id. If people read your review and like the product, they will most probably use your affiliate link for buying the product and you will get your commission.

• Advertisement and Banners – You can run banners and advertisements on your site. They can be pay per click (PPC) or pay per impressions (PPM) ads. Blogspot has a widget for including Adsense ads on your site.

• Paid Blogging – This is not for starters. If you have an established blog with a very large number of bloggers, people will pay you to blog about their site / product. But inorder for people to contact you, you need to have a large user base. Others can get clients by announcing the service at popular forums like DigitalPoint.

Here I have shared some of the methods. I will try to tell you about more such methods when I get time. And please keep in mind that you won’t be able to make money by sitting idle. Always think about new ideas and how to make them practical.