How PayPal swindled my entire wallet?
Almost 90% of the internet users are well aware about the PayPal and 100% of the International Business men are highly aware about the PayPal. But only a very few are aware about the action rendered by PayPal during the settlement. These many days, my office team use to manage the Finance and operations, for an event I was mapped for the PayPal. And, as usual am highly lazy enough to manage it in real-time. I happened to see the reports couple of days ago. This particular event was billing in GBP and all the settlements to India happens through INR as per the Reserve Bank of India policy. So, PayPal charges 4.4% of the transaction value along with 0.30$ for every transaction performed using their gateway. This is the open statement of PayPal, but there is a hidden structure in it which is very dangerous. The conversion rate is highly threatening us. On an average day 1 GBP = 1.7549 USD and then 1 USD = 59.45; 1 GBP = 104.32 INR. When we perform a RM calculation the value of 1 GBP = 1....