PayPal comes as a saviour for small businesses because it offers hassle free transactions for those who have just stepped into the online transaction process.
PayPal enables the retailer to accept credit card or debit card payments, bank transfers without merchant account which is easy and inexpensive.
PayPal enables the retailer to make payments to suppliers locally and globally in over 100 currencies to more than 200 markets.
A merchant using PayPal gets 24/7 fraud protection, easy integration, and global expertise.
PayPal charges 2.5% + 3 INR as a standard rate for receiving domestic transactions and 4.40% + fixed fee for receiving all international transactions.
Since PayPal is global payment processor it avails the service of converting currencies at a fixed fee which is mentioned in their official site.
One can easily transfer their money out of paypals merchant account to their linked bank account without any fees incase of no currency conversion.