PAYPAL *CGGC INC ON

Paypal is a company that provides online payment services. One of the services they offer is the ability to make and receive payments through their website. Paypal charges a fee for this service, which is typically a percentage of the total transaction amount. The "cggc" in the charge description stands for "currency gains and losses". This refers to the fact that when you make a payment in a foreign currency, there may be a difference between the exchange rate at the time of the transaction and the rate at which Paypal converts the payment back into your home currency. The difference between these two rates is called the "foreign exchange gain or loss". In most cases, this fee is automatically added to your total transaction amount by Paypal. However, if you are paying in U.S. Dollars, there should not be any cggc fees charged. If you are being charged a cggc fee on a transaction denominated in U.S. Dollars, please contact Paypal customer service for more information. Thank you for using Paypal!