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bt does 2checkout and saasy support metered billing?
Since we last checked, 2Checkout does not support metered billing and we're not quite sure about SaaSy's system design.
Google India Private Limited does automated recurring private billing by charging your credit card for Google adwords. If RBI regulation prohibits it, then how do they circumvent it?
As we know, Google is using their payment system incorporated outside India on behalf of Google India for adwords.
The point I am making is that it is very much possible for an Indian company to charge in INR a stored credit card no. of another Indian company recursively (and that too after bypassing the two factor authentication)
The question is how?
Would definitely keep the community posted if I discover more information.
2CO charges 5.5% + 45 cents every transaction but it does support recurring billing minus some bells and whistles like metered billing, plan upgrade/ downgrade on the fly etc.
In my interaction with Paypal India, they indicate they can easily accept international currency payments for one-time as well as recurring billing from credit cards as well as bank transfers but can not receive payments from India for digital goods/software & services. The payment received would be auto-transferred into your Indian company bank account complying with RBI regulations....this can address the international payments and we would need to provide a different option for Indian payments say with EBS...Paypal rates are 4.4%+$0.3 per transaction with no initial setup fee...I am trying to understand what are the challenges with the above approach for our start-up which is in stealth mode. Incorporating in US allows easier international e-payments & obviously customer comfort but then you may need to factor in ongoing legal costs and not just legal cost for incorporating. Our model would be an online platform for purchasing digital goods targeting primarily SME enterprises. Would appreciate comments from the community on the approach...thanks in advance!
would like to know the procedures/formalities for India incorporated company to International payment gateway for online subscription business
You just need PAN#, Company Bank Account in India, Company Email ID and a Purpose Code (cross border shipment of goods & services) and with that you should be able to set up an international payment gateway with Paypal India or other similar providers...others can chime in with additional details if any....
CartpayInc Review is also good is the market