Payoneer vs Karbon Business (Karbon FX) (2026): Which Is Better for Receiving International Payments in India?
- Author:
- Manoj Sharma
- Verified by:
- Editorial team
- Published:
- Last modified:
Short answer
The better choice depends on how your clients pay and which documents you need. Neither platform publishes full pricing for Indian users. Payoneer is best for freelancers and sellers paid by marketplaces or clients who already use Payoneer. The table compares both by use case using published information.
| Use case | Better option | Why |
|---|---|---|
| Invoices around $2,000 | Not comparable | Neither platform publishes full pricing for Indian users. |
| Invoices around $5,000 | Not comparable | Neither platform publishes full pricing for Indian users. |
| Invoices around $10,000 | Not comparable | Neither platform publishes full pricing for Indian users. |
| Need: freelancers and sellers paid by marketplaces or clients who already use Payoneer | Payoneer | Payoneer is built for this. |
| Need: Indian exporters and service businesses that want local USD account details and INR credits with FIRA | Karbon Business (Karbon FX) | Karbon Business (Karbon FX) is built for this. |
How do Payoneer and Karbon Business (Karbon FX) compare at a glance?
| Attribute | Payoneer | Karbon Business (Karbon FX) |
|---|---|---|
| Best for | Freelancers and sellers paid via marketplaces or Payoneer clients | Exporters and service businesses wanting USD account details and FIRA |
| Fees | Conflicting receiving fee: free, fixed or 1%; 3% INR withdrawal | 1% + 18% GST on fee, indicative; varies by country, method |
| FX markup | Conflicting: 3% (fee notice) or 1-4% (pricing page) | Conflicting: claims 0% markup or lists 0.5%-1.0% |
| Settlement | Conflicting: auto-withdrawn within 24 or 48 hours | Conflicting: same day before 3 PM IST, 4-8h or 24-48h |
| FIRA | Free digital FIRA downloads; within 72 hours per guide | States e-FIRA per transaction, 1-2 business days; cost unstated |
| Currencies | Local accounts in USD, GBP, EUR, AUD, CAD and more; 70 stated | States all major currencies except RBI-restricted, including USD, EUR, GBP |
| RBI status | States in-principle PA-CB; not on RBI list (30 Sep 2026) | Not confirmed; states it works only with PACB-licensed players |
| Indian individuals | Freelancers described as users; conditions not confirmed | Freelancers per site; unregistered individuals not confirmed |
| Indian businesses | Yes, exporters and businesses | Yes, proprietors, partnerships, LLPs and companies |
| Limits | Per-transaction minimum and maximum withdrawal amounts and an overall monthly withdrawal limit apply and are shown in the account; amounts are not published. Customers based in India can have only one active bank account at a time | Per-transaction and annual limits are set at account setup based on KYC, bank partner policy and RBI rules, and can be raised on request. No figures are published |
How much INR do you receive on $2,000, $5,000 and $10,000 with Payoneer vs Karbon Business (Karbon FX)?
Each row applies the platform's published fee, FX markup and GST on the fee to the XE mid-market rate for 3 Nov 2026.
| Platform and invoice | Fee | FX markup | GST | INR received | Cost | Best for |
|---|---|---|---|---|---|---|
| Payoneer, $2,000 | – | – | – | Not published | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Payoneer, $5,000 | – | – | – | Not published | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Payoneer, $10,000 | – | – | – | Not published | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Karbon Business (Karbon FX), $2,000 | – | – | – | Not published | – | Exporters and service businesses wanting USD account details and FIRA |
| Karbon Business (Karbon FX), $5,000 | – | – | – | Not published | – | Exporters and service businesses wanting USD account details and FIRA |
| Karbon Business (Karbon FX), $10,000 | – | – | – | Not published | – | Exporters and service businesses wanting USD account details and FIRA |
What is Payoneer and who is it for?
Payoneer is a cross-border payments company that gives users foreign receiving account details, card and ACH payment requests, and marketplace payouts. For customers based in India, it states that incoming payments are automatically withdrawn to a linked Indian bank account within 48 hours. Payoneer states that its Indian subsidiary, Payoneer India Pvt Ltd, holds RBI in-principle approval as a cross-border payment aggregator.
- Regulated by: States it received RBI in-principle PA-CB authorisation (press release, 22 Jan 2026); not listed on RBI's authorisation list dated 30 Sep 2026
- Used by: Yes, Indian exporters and businesses are described as users on the India site
- Best for: Freelancers and sellers paid by marketplaces or clients who already use Payoneer
What is Karbon Business (Karbon FX) and who is it for?
Karbon Business is a Bengaluru fintech whose Karbon FX product lets Indian businesses and freelancers collect payments from overseas clients. The Karbon Forex terms name Interropac Private Limited as the operator of the platform at karbonfx.com. They also say inward collections are processed under a third-party partner's connected-user terms. Users get account details for receiving foreign payments, and the funds are converted and paid out in INR to their Indian bank account with an e-FIRA.
- Regulated by: Not confirmed. States it works 'only with PACB-licensed players and regulated banks'. No RBI listing for Karbon or its operating company was checked or found
- Used by: Yes. Sole proprietors, partnerships, LLPs and companies, with documents based on business type
- Best for: Indian exporters and service businesses that want local USD account details and INR credits with FIRA
How do Payoneer and Karbon Business (Karbon FX) fees and FX markup compare?
What does Payoneer charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: Receiving account (local bank details, e.g. USD) | Not confirmed: free for India customers per the India multi-currency account page; 'fixed fee OR 1%' per the India pricing page; 1%, minimum 1.00 USD, for a non-local currency per the global pricing page | Intermediary banks may take fees on USD wire transfers, outside Payoneer's control | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Receiving: Client pays by credit card via payment request | 2.90% + $0.49 per the India pricing page; the global pricing page lists up to 3.99% + 0.49 USD | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Receiving: Client pays by ACH bank debit (US only) | 1% | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Receiving: Client pays via PayPal (US only) | 3.99% + $0.49 | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Receiving: Payment from another Payoneer customer | Free | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Receiving: Marketplace and platform payouts | Set by each marketplace, platform or network | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Currency conversion to INR | India fee notice: 3.00% for withdrawals in a currency different from the bank account currency (effective 20 Oct 2025), included in the conversion rate; the India pricing page still shows 1-4% | When foreign currency is converted | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Payout to an Indian bank | Funds are automatically withdrawn to the user's Indian bank account, within 48 hours per the India pricing page or 24 hours per the India multi-currency account page. Payoneer's India fee-update notice lists 3.00% for withdrawals in a currency different from the bank account currency, effective 20 October 2025, and 3% with a minimum of 15 USD for withdrawals in a currency that is not your local currency (for example USD to a USD account). Its withdrawal FAQ says the fee is included in the conversion rate where conversion is involved. | When INR is sent to your account | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Annual account fee | 29.95 USD if less than 6,000 USD (or equivalent) is received in any 12 consecutive months | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Withdrawal to a bank account in a different currency (e.g. USD balance to INR account) | 3.00% of the transaction amount (India fee notice, effective 20 Oct 2025), included in the conversion rate | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Withdrawal in a currency that is not your local currency (e.g. USD to a USD bank account) | 3% with a minimum of 15 USD or equivalent (India fee notice) | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Registration fee | May apply in certain countries; India Not confirmed | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| FIRA/FIRS/NOC | Free | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Custom pricing for higher volumes | The global pricing page offers tailored pricing for businesses processing over 50,000 USD a month; amounts not published | – | Freelancers and sellers paid via marketplaces or Payoneer clients |
| GST on fees | Not confirmed. Payoneer's India pricing page, global pricing page, India fee notice and withdrawal FAQ do not mention GST on Payoneer fees. | Applies to the platform's fee | Freelancers and sellers paid via marketplaces or Payoneer clients |
What does Karbon Business (Karbon FX) charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: US account details (Fedwire) | Not confirmed (homepage calculator shows 1% + 18% GST on the fee, indicative; FAQ says fees vary by sending country, currency and method) | Typically credited within 0 to 1 business days | Exporters and service businesses wanting USD account details and FIRA |
| Receiving: US account details (ACH) | Not confirmed (homepage calculator shows 1% + 18% GST on the fee, indicative; FAQ says fees vary by sending country, currency and method) | Usually credited within 2 to 3 business days | Exporters and service businesses wanting USD account details and FIRA |
| Receiving: SWIFT international wire | Not confirmed (homepage calculator shows 1% + 18% GST on the fee, indicative; FAQ says fees vary by sending country, currency and method) | Generally 1 to 3 business days; intermediary bank charges may be deducted | Exporters and service businesses wanting USD account details and FIRA |
| Receiving: SEPA (EUR) | Not confirmed (homepage calculator shows 1% + 18% GST on the fee, indicative; FAQ says fees vary by sending country, currency and method) | Typically credited within 0 to 1 business days | Exporters and service businesses wanting USD account details and FIRA |
| Receiving: Payment link or invoice | Not confirmed | Created from the Karbon FX dashboard | Exporters and service businesses wanting USD account details and FIRA |
| Currency conversion to INR | 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 | When foreign currency is converted | Exporters and service businesses wanting USD account details and FIRA |
| Payout to an Indian bank | 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 | When INR is sent to your account | Exporters and service businesses wanting USD account details and FIRA |
| Intermediary bank charges | May be deducted by correspondent banks; outside Karbon's control | – | Exporters and service businesses wanting USD account details and FIRA |
| GST | 18% on Karbon's fee, per the homepage calculator | – | Exporters and service businesses wanting USD account details and FIRA |
| 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 | – | Exporters and service businesses wanting USD account details and FIRA |
| GST on fees | 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). | Applies to the platform's fee | Exporters and service businesses wanting USD account details and FIRA |
How do Payoneer and Karbon Business (Karbon FX) compare on settlement speed?
- Payoneer: Payoneer says payments for India-based customers are automatically withdrawn to the Indian bank account within 48 hours (India pricing page) or within 24 hours (India multi-currency account page and India onboarding guide)
- Karbon Business (Karbon FX): Help centre: typically the same working day by end of day if the INR transfer is submitted before the 3:00 PM IST forex cut-off, otherwise by end of day on the next working day. The homepage says 4-8 hours and the freelancer and exporter pages say 24-48 hours
| Platform | Settlement to India | Payout route | Best for |
|---|---|---|---|
| Payoneer | Conflicting: auto-withdrawn within 24 or 48 hours | Auto to Indian bank in 24 or 48 hours; 3% withdrawal fee | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Karbon Business (Karbon FX) | Conflicting: same day before 3 PM IST, 4-8h or 24-48h | INR to Indian bank, same day if before 3:00 PM IST | Exporters and service businesses wanting USD account details and FIRA |
Do Payoneer and Karbon Business (Karbon FX) provide FIRA and e-BRC, and are they RBI PA-CB authorised?
| Platform | FIRA and e-BRC | RBI status | Checked | Best for |
|---|---|---|---|---|
| Payoneer | Free digital FIRA downloads; within 72 hours per guide | States in-principle PA-CB; not on RBI list (30 Sep 2026) | 30 Sept 2026 | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Karbon Business (Karbon FX) | States e-FIRA per transaction, 1-2 business days; cost unstated | Not confirmed; states it works only with PACB-licensed players | 30 Sept 2026 | Exporters and service businesses wanting USD account details and FIRA |
Which currencies, countries and payment methods do Payoneer and Karbon Business (Karbon FX) support?
| Platform | Currencies | Payment methods | Indian individuals | Indian businesses | Best for |
|---|---|---|---|---|---|
| Payoneer | Local accounts in USD, GBP, EUR, AUD, CAD and more; 70 stated | Receiving account (local bank details, e.g. USD); Client pays by credit card via payment request; Client pays by ACH bank debit (US only); Client pays via PayPal (US only); Payment from another Payoneer customer; Marketplace and platform payouts | Freelancers described as users; conditions not confirmed | Yes, exporters and businesses | Freelancers and sellers paid via marketplaces or Payoneer clients |
| Karbon Business (Karbon FX) | States all major currencies except RBI-restricted, including USD, EUR, GBP | US account details (Fedwire); US account details (ACH); SWIFT international wire; SEPA (EUR); Payment link or invoice | Freelancers per site; unregistered individuals not confirmed | Yes, proprietors, partnerships, LLPs and companies | Exporters and service businesses wanting USD account details and FIRA |
What are the strengths and limitations of Payoneer and Karbon Business (Karbon FX)?
Payoneer
- Marketplace reach: widely used for marketplace and platform payouts, with fees set by each marketplace
- Payoneer to Payoneer: receiving from another Payoneer customer's balance is free
- Documentation: FIRA/FIRS/NOCs available in the account at no additional cost
- Local-currency receiving: receiving in the account's local currency is listed as free, and the India account page says USD receiving is free for India customers
- Conflicting receiving fees: Payoneer's India and global pages give different USD receiving fees (free, 'fixed fee OR 1%', or 1% minimum 1 USD)
- Conversion cost: the India fee notice lists 3% for withdrawals into a bank account in a different currency, built into the rate
- Annual fee: 29.95 USD if less than 6,000 USD is received in 12 consecutive months
- Regulatory stage: in-principle PA-CB approval only, not yet on RBI's final authorisation list
Karbon Business (Karbon FX)
- Settlement timing: Publishes a 3:00 PM IST forex cut-off, with INR typically credited the same working day before it
- Documentation: States it issues e-FIRA automatically and can map shipping bills for exporters
- Receiving rails: Lists Fedwire, ACH, SWIFT and SEPA credit times in its help centre
- Fee visibility: a calculator on the homepage shows a 1% fee and 18% GST on the fee for an entered USD amount, labelled indicative
- Pricing: the only public figures are an indicative calculator (1% + 18% GST on the fee) and a FAQ saying fees vary by country, currency and method
- Conflicting claims: Its pages state both 0% markup and a 0.5% to 1% forex markup, and settlement times of 4-8 hours, 24-48 hours and same day
- Regulation: Karbon relies on PA-CB licensed partners; its own RBI authorisation is not confirmed
- Limits: Per-transaction and annual limits are set during onboarding and are not published
Should you choose Payoneer or Karbon Business (Karbon FX)?
- Choose Payoneer if: you need freelancers and sellers paid by marketplaces or clients who already use Payoneer.
- Choose Karbon Business (Karbon FX) if: you need Indian exporters and service businesses that want local USD account details and INR credits with FIRA.
For example, an exporter billing $5,000 a month: Neither platform publishes full pricing for Indian users.
Which other platforms should you consider besides Payoneer and Karbon Business (Karbon FX)?
Other covered platforms ranked by the INR received on a $5,000 invoice.
| Platform | Fees | FX markup | FIRA | INR on $5,000 | Best for |
|---|---|---|---|---|---|
| Skydo | $19 up to $2,000, $29 to $10,000, 0.3% above + GST | States zero FX margin at live rate | States instant, free FIRA per payment | ₹4,70,252 | Indian freelancers and exporters receiving mid to large B2B invoices |
| Razorpay | 1% per bank transfer (Rs 1,000 flat below Rs 1,00,000) + GST | States 0% markup on MoneySaver at live rate | FIRS within 24 hours of settlement; no charge listed | ₹4,67,906 | Indian businesses and freelancers on Razorpay invoicing foreign clients |
| Kotak Mahindra Bank | No inward, FIRC, SWIFT fee on current accounts; GST on conversion | Card rate, markup not published; 1.71% below mid-market on 7 Oct 2026 | Nil FIRC on current accounts; savings Rs 100 or nil | ₹4,64,889 | Service exporters wanting a current account without inward remittance fees |
| HDFC Bank | No inward charge; physical FIRC INR 200 + taxes; GST on conversion | Card rate ~1.79% below mid-market on 6 Oct 2026; markup unpublished | Physical FIRC INR 200; emailed advice free for trade | ₹4,64,511 | Existing HDFC customers wanting free SWIFT receipts or EEFC accounts |
How did we verify this?
Fees, FIRA terms and RBI status were checked on each platform's own pages and RBI sources on 30 Sept 2026. INR figures use the XE mid-market rate for 3 Nov 2026. The formula is on the methodology page.
- Payoneer India home (checked 6 Oct 2026)
- Payoneer India pricing, Receiving account in non-local currency: 'Fixed fee OR 1% fee'; credit card 2.90% + $0.49; withdrawn within 48 hours; currency conversion 1-4% (checked 7 Oct 2026)
- Payoneer Digital FIRC / e-FIRA (checked 6 Oct 2026)
- Payoneer press release: in-principle PA-CB authorisation in India (checked 6 Oct 2026)
- RBI: Certificates of Authorisation under the PSS Act, 2007 (checked 6 Oct 2026)
- Payoneer Pricing (global), Via a receiving account in a currency that is not your local currency: 1% (minimum fee of 1.00 USD or equivalent); last updated 1 January 2026; conversion rates based on wholesale market rates and include the conversion fee; Get a custom package: processing over 50K USD monthly (checked 7 Oct 2026)
- Payoneer: We're updating the fees for some of our services (India selected), Withdrawals in a currency that's different from your bank account currency: 3.00% of the transaction amount; not your local currency: 3% with a minimum fee of 15 USD; effective October 20th, 2025 (checked 7 Oct 2026)
- Payoneer Withdraw to bank FAQ, if there is currency conversion involved, the fee is included in the conversion rate; India-based users can have one active bank account (checked 7 Oct 2026)
- Payoneer India multi-currency account, Receiving payments in USD is free for customers from the following countries: Japan, India...; automatically withdrawn within 24 hours; local receiving accounts in US dollar, British pound, Euro, Australian dollar, Canadian dollar, Singapore dollar, Hong Kong dollar, UAE dirham, Chinese yuan and Japanese yen (checked 7 Oct 2026)
- Payoneer: Onboarding guide for businesses in India, eligible payments are automatically withdrawn within 24 hours of receipt; Receive Digital FIRCs within 72 hours of an eligible Payoneer transaction (page modified 29 July 2026) (checked 7 Oct 2026)
- 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)
- Karbon For Freelancers, Virtual USD account; FIRA issued by licensed banking partner; 0% markup claim; 24-48 hours (checked 6 Oct 2026)
- Karbon For Exporters, USD, EUR, GBP; FIRA and shipping bill mapping; 0% markup claim; 24-48 hours; dedicated account manager (checked 6 Oct 2026)
- Karbon Business vs Payoneer (Karbon page), Forex Markup 0.5%-1.0%; Transaction fee: 1%, 0% Forex markup (checked 6 Oct 2026)
- Karbon Help Centre: Pricing & Fees, Settlement cut-off 3:00 PM IST; receiving rail timelines; currencies; KYC; limits; GST invoices (checked 6 Oct 2026)
- 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)
- Do you provide a FIRA for every transaction?, e-FIRA within 1-2 business days (checked 6 Oct 2026)
- 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)
- 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)
- 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)
- Karbon Business vs Stripe (Karbon page), Forex Markup 0.5%-1.0%; feature panel: Transaction fee: 1%, 0% Forex markup (checked 7 Oct 2026)
- 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)
- 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)
- 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)
- 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)
FAQs about Payoneer vs Karbon Business (Karbon FX)
Is Payoneer or Karbon Business (Karbon FX) cheaper for receiving USD in India?
Neither platform publishes full pricing for Indian users. At $2,000: Neither platform publishes full pricing for Indian users. At $10,000: Neither platform publishes full pricing for Indian users. Figures use each platform's published pricing and today's reference rate, so check both pricing pages before you decide.
Which is faster, Payoneer or Karbon Business (Karbon FX)?
Payoneer states: Payoneer says payments for India-based customers are automatically withdrawn to the Indian bank account within 48 hours (India pricing page) or within 24 hours (India multi-currency account page and India onboarding guide). The homepage says 4-8 hours and the freelancer and exporter pages say 24-48 hours.
Do Payoneer and Karbon Business (Karbon FX) both provide a FIRA?
Payoneer: Free FIRA/FIRS/NOC downloads in the account under Reports & Statements; the India onboarding guide says Digital FIRCs arrive within 72 hours of an eligible transaction. Karbon Business (Karbon FX): States an e-FIRA is issued for every eligible inward transaction, by email and on the dashboard, typically 1 to 2 business days after funds are credited.
Are Payoneer and Karbon Business (Karbon FX) authorised by RBI?
Payoneer: States it received RBI in-principle PA-CB authorisation (press release, 22 Jan 2026); not listed on RBI's authorisation list dated 30 Sep 2026. Karbon Business (Karbon FX): Not confirmed. States it works 'only with PACB-licensed players and regulated banks'. No RBI listing for Karbon or its operating company was checked or found.
Can Indian freelancers use both Payoneer and Karbon Business (Karbon FX)?
Payoneer, individuals: The e-FIRA page describes freelancers and sole proprietors in India receiving foreign payments as users; specific onboarding conditions Not confirmed Karbon Business (Karbon FX), individuals: Freelancers can sign up, according to Karbon's freelancer page, and the KYC list asks for a GST certificate only if registered.
Should I switch from Payoneer to Karbon Business (Karbon FX)?
Switch only if Karbon Business (Karbon FX) pays more on your usual invoice size or fits how your clients pay. Keep the Payoneer account open until every invoice sent with its details is paid, and download your FIRA or FIRC records first.