Paypal fee

Discussion in 'PayPal' started by redhammer, Apr 6, 2013.

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  1. #1
    Hello..

    i would like to know that is there any alternate payment processor for paypal for indians..

    I'm using paypal to withdraw money, the services are really great but the fees is not.

    Is there any alternate payment processor for paypal in india?? i some some $s in online sites, those are LR. then i would convert in to paypal by exchanges and withdraw.. is there any way to withdraw LR in INR account?

    I'm already paying tax for my regular work and my side income from online is very small only but still do i have to pay taxes for this??
     
    redhammer, Apr 6, 2013 IP
  2. karthimx

    karthimx Prominent Member

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    #2
    Withdraw money from Paypal is free. Only you need to check currency conversion rate.
    If you compare other payment processor for money withdraw then paypal is charging less fee.
     
    karthimx, Apr 7, 2013 IP
  3. redhammer

    redhammer Greenhorn

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    #3
    any idea about this point

    "I'm already paying tax for my regular work and my side income from online is very small only but still do i have to pay taxes for this??'""
     
    redhammer, Apr 7, 2013 IP
  4. Pitu

    Pitu Active Member

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    #4
    nope no need
     
    Pitu, Apr 7, 2013 IP
  5. karthimx

    karthimx Prominent Member

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    #5
    For the transaction you don't need to pay tax. Only buyer will get transaction fee of 3.5% + $0.3
     
    karthimx, Apr 7, 2013 IP
  6. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #6
    If money landed in your bank account then you need to include that in your other income as well IMO.

    DON.
     
    deluxdon, Apr 9, 2013 IP
  7. DzignStudios

    DzignStudios Greenhorn

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    #7
    I guess if you show it as your side income you might need to pay 30% tax on it. Still not sure as this is my full time profession running a web development firm with staff I have to pay 30% tax on my income.
     
    DzignStudios, Apr 9, 2013 IP