Unfair and fraudulent conversion charges by PayUBiz

Name of Complainant Chandran Palanisamy
Date of ComplaintJanuary 9, 2021
Name(s) of companies complained against
Category of complaint Internet Services
Permanent link of complaint Right click to copy link
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Text of Complaint by Chandran Palanisamy:

  1. When an International Credit Card is used in India to purchase an item, the item must still be billed in Indian Rupees.
  2. However, PayUBiz cleverly converts it to foreign currency (US$ in this case) and chooses their own conversion rate. For example, when the market, ICICI, RBI, Xoom offer Rs 73 per US$ they will only offer Rs 68! I have attached proof of all my statements.

Image Uploaded by Chandran Palanisamy:

Unfair and fraudulent conversion charges by PayUBiz

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