Fee on received payments and conversion fee

[Aslammub]

Hi...i received 20euro from a website for doing online review. But paypal charged 1.45 euro as a fee. Then i have to transfer to indian bank account, but conversion rate is 79.2 rupee but market rate is 83.3 rupees. Cumulatively i am getting 17.64 euro in my bank account against to actual 20 euro. paypal charged 2.46 euro for total 20 euro. It is more than 12 %. Why paypal is charging this heavy fee?

[sharpiemarker · Accepted solution]

@Aslammub 

PayPal don't go by just the market forex rate that you see online, they add conversion fee to it so it should be about right. Then PayPal charge a fee for users receiving payments.

See fee schedule:

https://www.paypal.com/in/webapps/mpp/paypal-seller-fees

https://www.paypal.com/in/webapps/mpp/ua/useragreement-full#currency-conversion