Higher transactional charges on the online money processors

[Xtynehappy]

I have recently learned that most of the commonly used online payment processors increases the transaction charges for that matter. What do you think?

 

[Nomad]

That's why you need to create income source that directly pays to your bank account or your wallet. You work on earning site, they deduct transaction cost, and you receive payment from wallets, and they charge fees. This is very pathetic

 

[Xtynehappy]

The main online processors are really doing that because they enjoy a sense of monopolistic market across the web.

 

[Augusta]

Number 1 culprit here is PayPal. Their fees is just annoying and they would not hesitate to do you dirty with their account

 

[neku]

The payment processors are charging a very high rate as fees, they have more expenses. So they are not suitable for online workers receiving small payments of less than $10.

 

[Augusta]

Yes PayPal is using this system as well. They do charge more for small transactions but lower on big transfers

 

[eLdavis]

Even local banks now have added soke charges, they take when you send, and they also take when you receive, they call it stamp duty or something like that.

 

[Hate2Wait]

PayPal will never reduce its fee. Being from India, I am charged twice whenever I receive a payment via Paypal. First they deduct their PayPal fee and then charge me for the conversion from USD to INR and that too at lower value

 

[King Belieal]

I don't have any business to do with PayPal. Crypto payments don't have such huge charges and that is cool with me.

 

[Hate2Wait]

Every website does not have crypto and in India, there is a 30% tax on cryptos so its quite tough for me and this is why I am looking to get Paypal payments even though Paypal fee and Conversions charges are always on the higher side