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3.51 

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Verified Member MouthShut Verified Member
Malappuram India
SERVICE CHARGE IS HIGH BY PAYPAL
Apr 03, 2019 09:22 PM 1414 Views (via Android App)

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Hello friends,


I have been using PayPal for 3 years.Paypal is a an American company which providing online payment system , includes money transfering, online purchasing, act as mediator in between online job website and worker.


The website launched in 1998.The founders are ken howery, luke nosek, Max levchin abd peter thiel .I used PayPal for many international money transactions. I used PayPal for purchasing items from Amazon and many other shopping websites. I am a online worker. Some job websites are linked with paypal , for example.chegg .com , picoworkers, rapid workers and many more.


These websites linked with PayPal and we can withdraw our money via PayPal.But problem is PayPal deducting high fees for a single transaction.It is a US based company, so they will use dollar rate for service charge.If your American nationality.it will be ok.But if your an Indian it will not be ok because dollar value and India Rupa value is different.There have big difference.


0.30 usd per transaction they will reduce from your account. PayPal transaction is flexible and easy but PayPal is not a bank, they don't follow bank rules and regulations.So it is not much secure for you.I using PayPal for online business and purchasing. I will not deposit much money on this medium.beacuse it is not a bank.


With regards,


Nfkc


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