Paypal India - Any ways to decrease the fees?

I think they charge around 4 % every time we receive a payment. IS there any way (neat or tricky), by which we can avoid it?

Pls advice.

Thanks!

 

There used to be mass payment and gift payments but they are no longer supported for Indian Paypal accounts.

I'm not sure about mass payment, if thats works then there wont be any fee deductions.

 

PayPal is not willing to charge so much % of fees and it now even decided that we cannot keep the virtual money online. Its all in RBI (Reserve Bank of India) hand. They ask PayPal to make such rules. Its to reduce corruption and money laundering I guess.

And anyways guys.. They pay more then a billion/year to give us such tight security

Apple, Samsung can be hacked once but PayPal, I don't think anyone had dare to.

 

There is no way and I think mass payment and gift payments are not available for Indians.

 

Reducing payment charges for every transactions is definitely not possible with paypal.
All you can do is to ask your client to send Wire Transfer to your bank a/c directly.
Also you will save curren exchange losses with paypal when you withdraw them to your bank a/c , because paypal deducts around INR 1 - 2 per US dollar when you withdraw to your bank a/c.

EX: If your client pays $100 , you will be received around $95 after deductions of transaction charges.
Then when you try to withdraw , you will be receiving only $95 & INR 57.something , if the actual currency exchange is around INR 58.. to INR 59.. something
So you will receive somewhere around $95 * 57 = INR 5415

Whereas if you had received through Wire transfer to your bank , you would have something like this
$100 * INR 59 = INR 5900

So better use alternate payment system like Wire Transfers to bank a/c for bigger transactions & paypal for smaller transactions & yes there is no way to reduce the paypal fees or the only option is to add the transaction charge to the client , by billing him additional 4 - 5%

Hope this helps you understand better

 

I would like to add to 'phptechie' that US dollar checks are also good option

I add deposited US dollar check for $215.16 and bank gave me 60.04 USD-INR rate



PayPal only gives maximum 57 or 58 rate

 

Mass payment is available for Indians, but can't accept gift payments.

Nice find. But one must have time to go to bank for check.
If you have got large amount of money in one day, then using this method you can benefit.

 

When paypal will be available in Pak? anybody have any idea?