We don’t take PayPal for wholesale orders and yes, most of the big hair companies in India don’t take PayPal.
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. 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. Yet we’ll sell the hair at competitive pricing scarifying our margin terribly.
And so for a sustainable yet competitive business we do not accept PayPal.