Hi community,
I hope you are staying fine. Today I received 20$ sale out of which paypal is showing me 18.61$ as my share.
I need to know why Paypal is charging 6.95% fee from dollar to dollar payment.
Once this amount moves to my account, paypal is charging 3% more on exchange conversion.
In previous cases, % of paypal fee is as high as 7.72% from dollar to dollar and then additional 3-4% exchange conversion charges.
Ultimately I am paying 10 - 12% for receiving money.
Can someone explain why it is so high?
