Doesn't Go Well With India We don’t take PayPal for wholesale orders and yes, most of the big hair companies in India don’t take PayPal. And it doesn’t mean we are scammers.
Being an export only company means we don’t pay sales tax to our transactions as the payment comes as an inward foreign remittance. And this means there is a flow of foreign currency to our country which in turn helps the economy – so the government has relaxed TAX for export companies.
And we pass this TAX waiver to our customers by providing good pricing for the best quality hair in market [I’m talking about companies who sell temple hair and not about the ones who sell non-remy/mix hair from different sources].
When a payment comes through PayPal, all the remittances & the conversion from foreign currency to INR happens within PayPal and we are credited only with the Indian Rupees similar to a domestic purchase. And now our “export company” tag is flagged off. This means we’ll be taxed for the money that comes in though it’s a foreign remittance and yet we’ll sell the hair at competitive pricing scarifying our margin terribly.
So please don’t judge a company blindly by PayPal acceptance.
Being an export only company means we don’t pay sales tax to our transactions as the payment comes as an inward foreign remittance. And this means there is a flow of foreign currency to our country which in turn helps the economy – so the government has relaxed TAX for export companies.
And we pass this TAX waiver to our customers by providing good pricing for the best quality hair in market [I’m talking about companies who sell temple hair and not about the ones who sell non-remy/mix hair from different sources].
When a payment comes through PayPal, all the remittances & the conversion from foreign currency to INR happens within PayPal and we are credited only with the Indian Rupees similar to a domestic purchase. And now our “export company” tag is flagged off. This means we’ll be taxed for the money that comes in though it’s a foreign remittance and yet we’ll sell the hair at competitive pricing scarifying our margin terribly.
So please don’t judge a company blindly by PayPal acceptance.
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