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.
|+ 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.