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Purchasing order from foreign countries which are foreign currencies

I read about the credit card myths, well explained Manish & team. Now consider if i purchase any product say from European countries and the mode of payment offered by them is Credit card.
1. What are the things i’ve to be caution & checked before doing a CC transaction?
2. How this process happens(currency conversion example EURO ->INR) and what are the pros & cons involved?
3. Kindly recommend which is best for online purchasing, Credit card–Paypal–wiretransfer or any?

A situation question
4. Example if product order pricing is 800Euro (then 56,000INR)
a. situation: what if my credit card limit is upto 50,000INR how can i afford to remaining 6,000INR payment?
b. Credit card can be extended, if so how?
c. What are the alternatives to make this payment simpler?

Kindly help out resolving the above many thanks Manish & team.
Thanks my friend Prem for redirecting through FB.

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