Guys I have these question. I was a member at paypal and I dont know whats going on with pay they have holded accounts of mine as limited. Now I have created account with 2checkout.com but only one thing I am feeling bad from inside that is paypal charges are so less. But I am thinking these way. I am from India and if I really think hard, final price in hand will be more in 2checkout.com. Please see if I am wrong somewhere if suppose i recieve monthly payment of 20000$ from united states then paypal charges 6.10$ for 200$ amount when recieved. So for 20000$ it will be 610$. Now when remaining 19390$ is withdrawn to paypal and currecy rates for my country are about 50 rupees( approx) so paypal currency calculator says 48.10 or something. so 932659 rupees = 18653$ recieved in my country So I have lost 1400$ actually total in everything For 2checkout 20000$ price taken by 2checkout.com will charge about approx 1100$. Now I withdraw it to pioneer may be 4 times in month so they charge me 10$ maybe. Now I am assuming money goes to bank account and my bank converts usd dollers to Indian currency which I guess will be giving 49.4 rupees for 1 doller. So I guess in there case I will lose like 350$ so total amount received in India will be 18673$. I am new to 2checkpoint so if you can shed light if I am wrong somewhere that will be great Can you please shed some light on above as well as can you please tell how much payoneer exchange rates are. Like do they just deposit money to my bank and then my bank convert it to my currency or how does that work?. Who actually is converting the currency. I am worried because if bank converts it then definately we get good exchange rate but if payoneer will convert it then I think they will be having same conversion rate as paypal Any light in these matter please
credit card merchants charge more usually than paypal. its also the c.c. merchants that do the exchange rates. its just another way for them to make money off their merchants. if u have high volume $ transaction each month, u can negotiate. when it comes to C.c. merchants, everything is negotiable. you may not like the higher fees, but its just the cost of doing business. u have to let give your customers as many choices to pay as possible. its better for sales conversions.
If you`re concerned about the exchange rates that Payoneer use, can you not use the BACS/wire transfer facility into your bank?