Paypal transaction fees to India
April 17, 2012 7:11am CST
Hi Friends, I am confused a lot. When I receive my payout of $1 from ptcbox, paypal deducted 34 cents and I received only 66 cents. I visited paypal website and got clarified that there is a fee of 3.9% + $0.30 USD for cross border transaction. There is no domestic transaction allowed to Indians as per RBI rule. I was worrying about the loss occurred in my earnings. Today I received payment of $3.45 from donkeymails. To my surprise, there is no fee deduction. I received full amount to my paypal account. Is this not cross border transaction? How do i know about the transaction fees before requesting payout? Thanks in advance.
1 person likes this
17 Apr 12
This is normal. It is because some sites just pay their members directly and some sites are using the mass pay option to pay their members which is cheaper but the sender would have to cover the fees for mass pay but a lot lower than the fees an individual have to cover. Just send a support ticket to the site admin suggesting he use the mass pay option and charge a little fees for members. Most sites that use the mass pay option charge about 1% - 2% or simply 1-2 cents for each transaction.