PaisaPay is an online payment service of eBay which enables the buyers to pay sellers
through Online Bank transfer or Debit or Credit or Cash Cards. PaisaPay provides payment gateway services like Paypal and this gateway runs exclusively on Indian Banking and Credit card Infrastructure.
PaisaPay is an exclusive payment gateway for India and helps online sellers to receive payments via local bank accounts and Credit cards. If you are a buyer, you can get Paisa Pay services from all eBay websites all over the world and you can pay for the products and services provided by the Indian merchants using PaisaPay.PaisaPay provides services for sellers to make online payments and helps buyers to receive products faster.
Paisa Pay does not impose any transfer limits on transactions.
|Credit Card Payments (non EMI)||4% + applicable taxes|
|Debit Card Payments||4%+applicable taxes|
|Online Bank Transfer Payments||4%+applicable taxes|
|3 or 6 month EMI||5.5% + applicable taxes|
|Cash on Delivery||5% or Rs.125/- (whichever is higher) + applicable taxes|
For Online bank transfer payments, Cash Cards and Credit or Debit card payments PaisaPay charges 4% of the transaction amount. The seller is charged with the applicable taxes like service tax of 10%, Education cess of 2% and Sec. & Higher edu. Cess of 1%.
For EMI based transactions, it charges 5.5% of the transaction amount and the applicable tax. For Cash on delivery system, it charges 5% or Rs.125/- (whichever is higher) and the applicable taxes. The above PaisaPay Facility Charges are subject to 10% Service Tax and 3% Cess (Edu: 2% + Sec & High Edu: 1%) thereon.
These are the rates as published on the site as on 9th Feb, 2011 and may change. You would have to verify the current information from the website itself.
As of March 2 2009, Paisapay has reduced its service tax rate from 12% to 10%
You can see the rates at http://pages.ebay.in/help/policies/paisapay-policy-fees.html
No published exchange rates available in website.