Topic: Paypal >.< (Read 1555 times)
fees are very high. They are changing their rules regularly.
Here is a look at MobiQwik's pament gateway fees. Mobiqwik and Zaakpay are sister concerns.
Spoke to them about Bitcoin and they know about it. But they will not allow for sales using their gateway.
The discussion was more towards integration of a new website with INR and he asked me if I needed international payments as well. I told him that it would only be Bitcoin for international payments.
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1. Starter plan : Setup: Rs.10000 + ST : 11,236
TDR: 3% upto 5 lakh of monthly volume
TDR: 2.5% above 5 lakh of monthly volume
AMC: Waived off for first year, Rs.2,400 from 2'nd year onwards
2. Express plan: Setup cost of 30,000 + ST.
TDR: 2.25% flat
AMC: Waived off
TDR: 3% upto 5 lakh of monthly volume
TDR: 2.5% above 5 lakh of monthly volume
AMC: Waived off for first year, Rs.2,400 from 2'nd year onwards
2. Express plan: Setup cost of 30,000 + ST.
TDR: 2.25% flat
AMC: Waived off
Spoke to them about Bitcoin and they know about it. But they will not allow for sales using their gateway.
The discussion was more towards integration of a new website with INR and he asked me if I needed international payments as well. I told him that it would only be Bitcoin for international payments.
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No wonder bitcoin is so popular
6% fee for sending something money online.
6% fee for sending something money online.
never use this gaypal
wow pretty high fees.
Pricing changes to commercial payments -
Effective Date: September 10, 2013
International payments:
Standard Rate #:4.4% + Fixed Fee
“Receiving Micropayments for Digital Goods” of
Domestic payments: 5.5% + Micropayment Fixed Fee
International payments: 6.0% + Micropayment Fixed Fee
Currency Conversion Fee
Indian Rupee: 4%
Effective Date: September 10, 2013
International payments:
Standard Rate #:4.4% + Fixed Fee
“Receiving Micropayments for Digital Goods” of
Domestic payments: 5.5% + Micropayment Fixed Fee
International payments: 6.0% + Micropayment Fixed Fee
Currency Conversion Fee
Indian Rupee: 4%
Code:
https://cms.paypal.com/in/cgi-bin/?cmd=_render-content&content_ID=ua/upcoming_policies_full&locale.x=en_US
I have got this email too before 2 weeks, seems they extended it for almost everybody!
got email from paypal. Paypal taking fees for international transfer which is fine, but they are not giving current exchange rate, which sucks....
they never gives current exchange rates.
Still feel that its a good sign. If they also open out domestic money transfer, it will be even more awesome.
Evil as they are, they are already in the thick of the game and can get Bitcoin a faster opening in India.
FYI. This is not specific to Indian sub-continent. They increased it to all of them.
I have a US account and i received the email as well.
got email from paypal. Paypal taking fees for international transfer which is fine, but they are not giving current exchange rate, which sucks....
they never gives current exchange rates.
Still feel that its a good sign. If they also open out domestic money transfer, it will be even more awesome.
Evil as they are, they are already in the thick of the game and can get Bitcoin a faster opening in India.
got email from paypal. Paypal taking fees for international transfer which is fine, but they are not giving current exchange rate, which sucks....
they never gives current exchange rates.
got email from paypal. Paypal taking fees for international transfer which is fine, but they are not giving current exchange rate, which sucks....
This is brilliant news..
First they permalimited my account, and now they are sending me mails about how much i money i can receive in india. 
Anyways it's still a good news for merchants.
Anyways it's still a good news for merchants.
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Congratulations! We are pleased to inform you that PayPal merchants in India can now receive up to USD 10,000 per transaction for export-related payments for goods and services, effective immediately.
With the increased transaction limit, you can:
• Accept credit and debit card payments anytime, anywhere on your website, mobile, eBay listing, or simply by sending an invoice.
• Increase your global presence by selling to over 132 million active PayPal users in 193 markets around the world, accepting payments in up to 25 currencies.
• Leverage on our industry-leading fraud prevention and risk management systems to keep your business secure and minimize losses.
To receive export-related payments, merchants must confirm their email address, and add a Permanent Account Number (PAN), Purpose Code and local bank account to their PayPal Account. If you have any queries, please log in to your PayPal Account and click on the ‘Contact Us’ button.
We look forward to continuing to support your export business through our global online payment platform.
Happy selling!
With the increased transaction limit, you can:
• Accept credit and debit card payments anytime, anywhere on your website, mobile, eBay listing, or simply by sending an invoice.
• Increase your global presence by selling to over 132 million active PayPal users in 193 markets around the world, accepting payments in up to 25 currencies.
• Leverage on our industry-leading fraud prevention and risk management systems to keep your business secure and minimize losses.
To receive export-related payments, merchants must confirm their email address, and add a Permanent Account Number (PAN), Purpose Code and local bank account to their PayPal Account. If you have any queries, please log in to your PayPal Account and click on the ‘Contact Us’ button.
We look forward to continuing to support your export business through our global online payment platform.
Happy selling!
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