We are presently using CCAVENUE, which charges 8% on all transactions. This is a bit steep, we know, and we are trying to see if we can reduce these somewhat.
On Paypal, the charges are lower, but we have to convert the Rupee prices to US$ and send requests in that currency. And as many of you probably know, that’s where Paypal effectively gouges us… In the kingdom of Paypal, the actual exchange rates can be several percent lower than the bank exchange rates.