For processing fees, we round to nearest ₹0.50. For example, if you accept a payment for ₹100.00,
we will deduct fees of ₹2.50 (2.25% x ₹100.00 = ₹2.25 = ₹2.50).
Note: Transaction and item tax is calculated with banker's rounding, or round half to even, which pulls even numbers down. Learn more about bankers' rounding.
Original | Bankers’ |
24.1754 | 24.18 |
443.2050 | 443.20 |
+ 102.2038 | + 102.20 |
= 569.5842 | = 569.58 |
When using standard rounding, you round up or down to the nearest number. For amounts in the middle (ending in 5), it rounds up. This results in a bias towards a higher amount. Bankers' rounding is closer to the actual amount.