What Are Karbon Business (Karbon FX) Fees in India in 2026?

Karbon Business (Karbon FX) fees for Indian users, as published on Karbon Business (Karbon FX)'s own pricing pages and checked on 30 Sept 2026.

Karbon Business (Karbon FX) charges through a receiving fee, an FX markup on conversion and, in some cases, payout or fixed fees.

• Transaction fee: Homepage calculator shows a 1% Karbon fee plus 18% GST on that fee (1.18% total), labelled indicative; the fee FAQ says transfer fees vary by sending country, currency and payment method
• FX markup: Conflicting: freelancer and exporter pages and two Karbon blog posts claim 0% markup at mid-market rates; the Stripe, Payoneer, PayPal and Razorpay comparison pages list a 0.5%-1.0% forex markup; the calculator uses a third-party live rate with an 85.60 INR fallback
• Withdrawal fee: Funds are converted and sent in INR to the user's registered Indian bank account, the same working day if requested before 3:00 PM IST. Karbon's homepage calculator shows an indicative 1% fee plus 18% GST on that fee; its FAQ says fees vary by sending country, currency and payment method, and intermediary bank charges may also be deducted
• GST: The homepage calculator applies GST at 18% on Karbon's 1% fee, not on the full payment. The help centre says taxes apply as per government rules and that GST-compliant invoices for Karbon's charges are available on request. Karbon's blog posts also state that GST at 18% applies only to Karbon's 1% fee, not to the invoice amount (PayPal vs Karbon case study).

Calculation basis: No fee model. Karbon's homepage embeds a forex calculator (served from a vercel.app address and loaded in an iframe on karboncard.com) that deducts 'Karbon's Fee(1%)' of the converted INR amount plus 'GST(18%)' on that fee, a 1.18% total deduction, and labels the result 'indicative and subject to change based on the rate booking date'. Its script takes the 'Live Forex Rate' from a third-party exchange-rate API and falls back to a fixed 85.60 INR per USD if that call fails, so the displayed rate is not a booked Karbon rate. Karbon's other pages conflict on FX: the freelancer and exporter pages claim '0% markup', while the Stripe comparison page and Payoneer comparison page list a '0.5%-1.0%' forex markup. Its fee FAQ says charges may include currency conversion fees based on live FX rates, transfer fees that vary by sending country, currency and payment method, taxes and intermediary bank charges, and the homepage offers customised rates for higher volumes. With the FX markup in conflict and the fee described as variable, no single published price for a USD bank transfer can be modelled. Rechecked on 7 October 2026: two Karbon blog posts (Payoneer vs Wise vs Karbon and PayPal vs Karbon case study) describe a flat 1% inward fee, 18% GST on that fee only (1.18% in total) and 0% FX markup at mid-market rates, which matches the calculator. The conflict is not resolved, because Karbon's PayPal comparison page and Razorpay comparison page, like the Stripe and Payoneer comparison pages, still list a '0.5%-1.0%' forex markup in their comparison tables, while a feature panel on the same pages says '0% Forex markup'.

Karbon Business (Karbon FX)'s fee depends on how your client pays. Methods not listed are not supported or not published for Indian users.

Published FX markup: Conflicting: freelancer and exporter pages and two Karbon blog posts claim 0% markup at mid-market rates; the Stripe, Payoneer, PayPal and Razorpay comparison pages list a 0.5%-1.0% forex markup; the calculator uses a third-party live rate with an 85.60 INR fallback. The markup is the difference between the mid-market rate and the rate Karbon Business (Karbon FX) applies when converting to INR.

The homepage calculator applies GST at 18% on Karbon's 1% fee, not on the full payment. The help centre says taxes apply as per government rules and that GST-compliant invoices for Karbon's charges are available on request. Karbon's blog posts also state that GST at 18% applies only to Karbon's 1% fee, not to the invoice amount (PayPal vs Karbon case study).

The table shows each charge line by line at the XE mid-market rate for 3 Nov 2026.

• Intermediary bank charges: May be deducted by correspondent banks; outside Karbon's control
• GST: 18% on Karbon's fee, per the homepage calculator
• Account opening or annual fee: Conflicting. Karbon's PayPal vs Karbon case study says there are no setup, monthly or closure fees; the Karbon Forex terms mention fees collected during onboarding and refer to fees set on the platform or in a customer agreement, without amounts

• Payment method: Ask clients to pay by local bank transfer to your account details, which usually costs less than cards, wallets or Swift wires.
• Invoice size: Where a platform charges a flat fee per payment, fewer and larger invoices lower the cost as a share of revenue.
• Conversion: Compare the rate offered with the mid-market rate on the day, because the FX markup is often the larger cost.
• GST: Keep the platform's tax invoices, since GST paid on fees may be claimable as input tax credit if you are GST registered.

Platforms are ranked by the INR received on a $5,000 invoice, with Karbon Business (Karbon FX) included.

Fees were checked on Karbon Business (Karbon FX)'s own pages on 30 Sept 2026. INR figures use the XE mid-market rate for 3 Nov 2026. The formula is on the methodology page.

1. Karbon Business homepage, Embeds forex calculator (iframe src v0-calculator-taupe.vercel.app); 'For higher volume transactions, please reach out to your assigned AM for customized rates'; PACB-licensed players note (checked 7 Oct 2026)
2. Karbon For Freelancers, Virtual USD account; FIRA issued by licensed banking partner; 0% markup claim; 24-48 hours (checked 6 Oct 2026)
3. Karbon For Exporters, USD, EUR, GBP; FIRA and shipping bill mapping; 0% markup claim; 24-48 hours; dedicated account manager (checked 6 Oct 2026)
4. Karbon Business vs Payoneer (Karbon page), Forex Markup 0.5%-1.0%; Transaction fee: 1%, 0% Forex markup (checked 6 Oct 2026)
5. Karbon Help Centre: Pricing & Fees, Settlement cut-off 3:00 PM IST; receiving rail timelines; currencies; KYC; limits; GST invoices (checked 6 Oct 2026)
6. What are the charges for receiving an inward remittance?, Charges may include currency conversion fees based on live FX rates, transfer fees that vary by the sending country, currency, and payment method, applicable taxes, and intermediary bank charges (checked 7 Oct 2026)
7. Do you provide a FIRA for every transaction?, e-FIRA within 1-2 business days (checked 6 Oct 2026)
8. Karbon Forex Terms & Conditions, Operator Interropac Private Limited; User duly incorporated in India; clause 3 onboarding fees; clause 6 Fees; clause 7 Foreign Inward Remittance Services (checked 6 Oct 2026)
9. Karbon forex calculator (embedded on karboncard.com), Karbon's Fee(1%); GST(18%); Live Forex Rate 1 USD = 85.60 INR; The displayed amount is indicative and subject to change based on the rate booking date (checked 7 Oct 2026)
10. Karbon forex calculator script, Fee = 0.01 x INR amount; GST = 0.18 x fee; rate from api.exchangerate-api.com, default 85.6 if the fetch fails (checked 7 Oct 2026)
11. Karbon Business vs Stripe (Karbon page), Forex Markup 0.5%-1.0%; feature panel: Transaction fee: 1%, 0% Forex markup (checked 7 Oct 2026)
12. Karbon blog: Payoneer vs Wise vs Karbon, Karbon charges a flat 1% inward remittance fee and uses mid-market Xe.com rates with 0% FX markup. GST at 18% applies only to the 1% fee; e-FIRA within 24 hours; hold for up to 60 days (checked 7 Oct 2026)
13. Karbon blog: Case study, PayPal vs Karbon, 1% platform fee, GST of 18% only on that fee, effective 1.18% all in; zero FX markup; no setup, monthly, or closure fees; hold USD, EUR, GBP, or CAD for up to 60 days (checked 7 Oct 2026)
14. Karbon Business vs PayPal (Karbon page), Forex Markup 0.5%-1.0% (transparent, upfront); feature panel: Transaction fee: 1%, 0% Forex markup (checked 7 Oct 2026)
15. Karbon Business vs Razorpay (Karbon page), transparent forex markups as low as 0.5%; Forex Markup 0.5%-1.0%; feature panel: Transaction fee: 1%, 0% Forex markup (checked 7 Oct 2026)