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While all bank transactions are closely monitored with rules clearly defined, the same is not true for online barter. There are a large number of websites which offer users payment just for sending SMSes, playing games and other activities. Most of these websites do not allow users to transfer the balance in their account to the bank account, they offer mobile recharges.
So how is this barter accounted for?
There are many virtual currencies and wallets available today. It is not possible to withdraw the balance in these wallets to the Indian bank account as these wallets do not have a provision. So how is this barter accounted for? There are no clearly defined rules

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