If you see the many payment processors they are having little tough time of making money. Many pyment processor like moneybooker.com , alertpay.com are struggling to take the market share. But paypal made a million $ profit from indian market in just 10 days that to from only Indians.

you can see one blog post about paypal tactic of making money by holding users money in bank and enjoying the interest of that money.

Here is a sample transaction from my paypal account

29-Jan-2010 Currency Conversion Completed Details -$200.00 USD

29-Jan-2010 Currency Conversion Completed Details Rs.8,956.34 INR

09-Feb-2010 Cancelled Transfer Completed Details Rs.8,956.34 INR

09-Feb-2010 Currency Conversion Completed Details -Rs.8,956.34 INR

09-Feb-2010 Currency Conversion Completed Details $185.22 USD

i lost 14.78$ for their crappy processing system

so just imagine how much money they have made from this kind of scam from all paypal indian users.

when we withdraw they gave currency rate 44.7817

now when they adding to amount they want 48.35 ( even now it is 46 )

so basically it is a well planned scam from paypal company.

After these lot of idiotic moves this company not given any explanation still. Because it knows how effectively scam users withouth being caught in the legal way.

Paypal also stated it ca revoke the gift option if it used for business purpose.

But now this Gift option as disabled now.

it appears users used more gift option while sending/asking money in paypal and paypal is reverted back to the original status