Dollars dropping everyday - Paypal/bank or every business in high risk

Discussion in 'Payment Processing' started by rohit09, Sep 18, 2013.

  1. #1
    Look. You maybe using Paypal or Payza or anything but when you try to buy some thing in EUR or GBP it's cost you half of your fortune. Not only that buying a USD from INR cost you Rs.68 now but as per RBI it could be Rs.74 by now - But USD prices drops so high that because in Indian currency running between 66-68. But how long? How long these USD prices getting down and down every mint? 1GBP cost me $1.60 now yesterday now it's cost me $1.62 :( I mean can anyone do some thing about that? And paypal charging hell cost for conversion + the price dropping. :( How it could be it stop?
     
    rohit09, Sep 18, 2013 IP
  2. jainy25

    jainy25 Well-Known Member

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    #2
    That is how they earn their money my friend.

    My balance in USD was withdrawn at Rs. 61.05/$1 yesterday. And if I had to convert my INR to USD, it would have cost me about Rs. 65 per $1 at least. You can't do anything about it really.

    That's the law of nature payment processors.
     
    jainy25, Sep 19, 2013 IP
  3. atinga

    atinga Active Member

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    #3
    The drop on the US Dollar has nothing to do with Payment Processors.
    They are merely following the Exchange rate as at the time of conversion.
     
    atinga, Sep 22, 2013 IP