PayU vs Revolut (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. PayU is best for Indian businesses taking international card payments on a website or checkout. Revolut is best for Indian residents spending in INR and abroad with a prepaid wallet and forex card.
| 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: Indian businesses taking international card payments on a website or checkout | PayU | PayU is built for this. |
| Need: Indian residents spending in INR and abroad with a prepaid wallet and forex card | Revolut | Revolut is built for this. |
How do PayU and Revolut compare at a glance?
| Attribute | PayU | Revolut |
|---|---|---|
| Best for | Indian businesses taking international card payments online | Indian residents using an INR wallet and forex card |
| Fees | 3% international + 18% GST; custom pricing for higher volume | Not confirmed; India terms bar business use |
| FX markup | Not confirmed; inter-bank rate, no margin published | Not confirmed for inward payments |
| Settlement | States T+2 business days in INR | Not confirmed |
| FIRA | Not confirmed; not mentioned on public pages | Not confirmed; not mentioned on India pages |
| Currencies | States 135+ currencies including USD, EUR, GBP, settled in INR | INR wallet; forex card in 30+ currencies, 130+ countries |
| RBI status | Not confirmed; no PA-CB claim or RBI listing verified | States RBI PPI and AD Category-II licences; not PA-CB |
| Indian individuals | Freelancers addressed; eligibility without entity not confirmed | Personal account only; receiving payments not confirmed |
| Indian businesses | Yes, subject to PayU and bank due diligence | Not confirmed; terms bar business use |
| Limits | Not confirmed | Not confirmed. The personal terms say Revolut may set limits on UPI receipts and payments and that limits are shown in the app. |
How much INR do you receive on $2,000, $5,000 and $10,000 with PayU vs Revolut?
Each row applies the platform's published fee, FX markup and GST on the fee to the XE mid-market rate for 4 Nov 2026.
| Platform and invoice | Fee | FX markup | GST | INR received | Cost | Best for |
|---|---|---|---|---|---|---|
| PayU, $2,000 | – | – | – | Not published | – | Indian businesses taking international card payments online |
| PayU, $5,000 | – | – | – | Not published | – | Indian businesses taking international card payments online |
| PayU, $10,000 | – | – | – | Not published | – | Indian businesses taking international card payments online |
| Revolut, $2,000 | – | – | – | Not published | – | Indian residents using an INR wallet and forex card |
| Revolut, $5,000 | – | – | – | Not published | – | Indian residents using an INR wallet and forex card |
| Revolut, $10,000 | – | – | – | Not published | – | Indian residents using an INR wallet and forex card |
What is PayU and who is it for?
PayU is an Indian payment gateway that lets merchants accept online payments through cards, UPI, net banking and wallets. For overseas customers, it accepts international credit and debit cards and PayPal at checkout, converts the amount to INR and settles to the merchant's Indian bank account. It is a checkout tool. It does not give users foreign bank account details for receiving bank transfers.
- Regulated by: Not confirmed. PA-CB status could not be verified on rbi.org.in, and PayU's pages make no PA-CB claim
- Used by: Yes. New merchants sign up online, and existing merchants enable international payments through help.payu.in or care@payu.in. PayU's international card terms (clause 1.2(b)) say international card processing is provided at PayU's discretion, subject to additional due diligence by PayU, the acquiring banks and the nodal bank, and that approval can be withdrawn at any time
- Best for: Indian businesses taking international card payments on a website or checkout
What is Revolut and who is it for?
Revolut operates in India through Revolut Payments India Private Limited, which issues a prepaid INR wallet, a domestic card and UPI, and Revolut Forex India Private Limited, which issues multi-currency forex cards. The India product is presented as a spending account for Indian residents aged 18 and over. The India site and terms do not describe a way for freelancers or exporters to receive payments from foreign clients.
- Regulated by: States it is RBI-authorised to issue PPIs (COA No. 224/2025) via Revolut Payments India, and that Revolut Forex India holds an AD Category-II licence (MUM-ADII-0963-2024); not a PA-CB
- Used by: Not confirmed. The India site lists no business account, and the personal terms bar business use.
- Best for: Indian residents spending in INR and abroad with a prepaid wallet and forex card
How do PayU and Revolut fees and FX markup compare?
What does PayU charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: International credit and debit cards (Visa, Mastercard, American Express) | 3% for international transactions plus 18% GST on the standard plan; FX markup not confirmed | PayU's international payments page says specific rates come from an account manager or care@payu.in | Indian businesses taking international card payments online |
| Receiving: PayPal wallet at checkout | Not confirmed | – | Indian businesses taking international card payments online |
| Receiving: Foreign bank transfer (ACH, SWIFT) to local account details | Not offered | PayU's public pages do not describe any foreign account details | Indian businesses taking international card payments online |
| Currency conversion to INR | Not confirmed. PayU's terms say it converts at the inter-bank rate decided by the banks or card associations, shared in the daily merchant payment report (non-business days use the previous business day's rate); no margin over mid-market is published | When foreign currency is converted | Indian businesses taking international card payments online |
| Payout to an Indian bank | PayU converts international payments to INR and settles to the merchant's Indian bank account, typically within T+2 business days. The fee is deducted per transaction. Same-day or priority settlement may carry a nominal extra fee | When INR is sent to your account | Indian businesses taking international card payments online |
| Setup, onboarding or annual fee | None on the standard plan | – | Indian businesses taking international card payments online |
| Same-day or priority settlement | Nominal fee may apply; amount not published | – | Indian businesses taking international card payments online |
| Domestic payments | 2% for Visa, Mastercard, net banking, BNPL and wallets; 3% for Diners, American Express and EMI; plus 18% GST | – | Indian businesses taking international card payments online |
| Currency Calculator Fee (multicurrency checkout) | Charged to the paying customer, not the merchant, at a rate PayU specifies at the time of payment, with the customer's consent (international card terms, clause 1.2(g)); rate not published | – | Indian businesses taking international card payments online |
| GST on fees | PayU's pricing page states "18% GST applicable on all transactions". It does not spell out the base further; GST is shown alongside its transaction fees | Applies to the platform's fee | Indian businesses taking international card payments online |
What does Revolut charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: Top up INR wallet from own Indian bank or card via UPI, net banking or external card | UPI 0%; Netbanking 1.28% + GST; Debit Card 0.30% + GST; Credit Card 1.63% + GST (Standard plan fee schedule) | Domestic top-up only. Funds to a currency account must come from the same bank account given during verification. | Indian residents using an INR wallet and forex card |
| Receiving: Receive money from other Revolut or non-Revolut wallets and bank accounts in India | Not confirmed | Described in the personal terms for the INR PPI wallet; not an international receiving method. | Indian residents using an INR wallet and forex card |
| Receiving: International bank transfer (SWIFT or local foreign account details) from a foreign client | Not confirmed | Not offered on the Revolut India site or terms as of 2026-10-06. | Indian residents using an INR wallet and forex card |
| Currency conversion to INR | Not confirmed for inward payments; the India site does not publish an inward conversion rate | When foreign currency is converted | Indian residents using an INR wallet and forex card |
| Payout to an Indian bank | Not confirmed. Revolut India does not describe converting foreign client payments to INR or paying them out to an Indian bank account. | When INR is sent to your account | Indian residents using an INR wallet and forex card |
| Plus plan | ₹499/year plus taxes | – | Indian residents using an INR wallet and forex card |
| Premium plan | ₹2,499/year plus taxes | – | Indian residents using an INR wallet and forex card |
| Metal plan | ₹9,999/year plus taxes | – | Indian residents using an INR wallet and forex card |
| Standard plan | Free | – | Indian residents using an INR wallet and forex card |
| First Revolut Card (Standard plan) | ₹199, plus applicable GST | – | Indian residents using an INR wallet and forex card |
| ATM withdrawal (Standard plan) | 2% of the withdrawal amount or ₹150, whichever is lower, plus GST as applicable | – | Indian residents using an INR wallet and forex card |
| GST on fees | Paid plan prices are shown plus taxes, and the Standard fee schedule lists wallet top-up and card fees plus GST. GST on any receiving fee is not confirmed because no receiving fee is published. | Applies to the platform's fee | Indian residents using an INR wallet and forex card |
How do PayU and Revolut compare on settlement speed?
- PayU: T+2 business days in INR, as PayU states; same-day and priority settlement offered to some business categories, possibly for a fee
- Revolut: Not confirmed. No inward international settlement to an Indian bank account is described on the India site
| Platform | Settlement to India | Payout route | Best for |
|---|---|---|---|
| PayU | States T+2 business days in INR | INR to Indian bank, typically T+2; fee deducted per transaction | Indian businesses taking international card payments online |
| Revolut | Not confirmed | Not confirmed | Indian residents using an INR wallet and forex card |
Do PayU and Revolut provide FIRA and e-BRC, and are they RBI PA-CB authorised?
| Platform | FIRA and e-BRC | RBI status | Checked | Best for |
|---|---|---|---|---|
| PayU | Not confirmed; not mentioned on public pages | Not confirmed; no PA-CB claim or RBI listing verified | 30 Sept 2026 | Indian businesses taking international card payments online |
| Revolut | Not confirmed; not mentioned on India pages | States RBI PPI and AD Category-II licences; not PA-CB | 30 Sept 2026 | Indian residents using an INR wallet and forex card |
Which currencies, countries and payment methods do PayU and Revolut support?
| Platform | Currencies | Payment methods | Indian individuals | Indian businesses | Best for |
|---|---|---|---|---|---|
| PayU | States 135+ currencies including USD, EUR, GBP, settled in INR | International credit and debit cards (Visa, Mastercard, American Express); PayPal wallet at checkout; Foreign bank transfer (ACH, SWIFT) to local account details | Freelancers addressed; eligibility without entity not confirmed | Yes, subject to PayU and bank due diligence | Indian businesses taking international card payments online |
| Revolut | INR wallet; forex card in 30+ currencies, 130+ countries | Top up INR wallet from own Indian bank or card via UPI, net banking or external card; Receive money from other Revolut or non-Revolut wallets and bank accounts in India; International bank transfer (SWIFT or local foreign account details) from a foreign client | Personal account only; receiving payments not confirmed | Not confirmed; terms bar business use | Indian residents using an INR wallet and forex card |
What are the strengths and limitations of PayU and Revolut?
PayU
- Published base rate: the standard plan lists 3% for international transactions, plus 18% GST
- No fixed costs: no setup, onboarding or annual fees on the standard plan
- Fast settlement: T+2 business days to an Indian bank account
- One checkout: domestic and international payments run through the same gateway
- FX markup not published: PayU's terms name an inter-bank rate set by banks or card associations but do not state its margin over mid-market
- No bank transfer receiving: there are no local USD, GBP or EUR account details for clients who pay by wire or ACH
- Pricing on request and approval needed: the international payments page sends merchants to an account manager for detailed rates, and PayU's international card terms say the service is provided at PayU's discretion, subject to extra due diligence by PayU and its acquiring and nodal banks
- FIRA not documented: PayU's public pages say nothing about FIRA or FIRC for international receipts
Revolut
- Regulated Indian entities: the site states a PPI authorisation and an AD Category-II forex licence from the RBI
- Travel spending: a multi-currency card for spending abroad across 30+ currencies, as stated on the India site
- Domestic payments: UPI and a domestic card in one app
- Free entry plan: a Standard plan with no annual fee
- No inward remittance product: the India site and terms describe no way to receive a foreign client's payment and convert it to INR
- No business use: the personal terms state a Revolut Account cannot be used for business purposes
- INR only wallet: the terms state PPIs can only be used for payments in Indian Rupees
- No FIRA: no inward remittance documentation is mentioned
Should you choose PayU or Revolut?
- Choose PayU if: you need Indian businesses taking international card payments on a website or checkout.
- Choose Revolut if: you need Indian residents spending in INR and abroad with a prepaid wallet and forex card.
For example, an exporter billing $5,000 a month: Neither platform publishes full pricing for Indian users.
Which other platforms should you consider besides PayU and Revolut?
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 | ₹4,70,132 | 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 | ₹4,67,786 | 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 | ₹4,64,770 | 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 | ₹4,64,391 | 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 4 Nov 2026. The formula is on the methodology page.
- PayU Pricing, 3% for Diners, American Express, EMI, International transactions; 18% GST applicable on all transactions; No set-up fee; standard settlement T+2; custom pricing slabs for higher volumes or enterprise needs, based on payment mode, industry type, risk profile, transaction volume, value-added features and processing requirements; no setup, onboarding or annual fees (checked 7 Oct 2026)
- PayU International Payments, 135+ currencies; Visa, Mastercard, American Express and PayPal; INR conversion at transaction-date rate; T+2 business days; specific rates via account manager or care@payu.in; compliance with global standards (checked 7 Oct 2026)
- PayU terms for international card processing and multicurrency payments, 1.2(e): the exchange rate used by PayU for all Authorised Currencies will be the inter-bank rate as decided by the respective banks or card associations and as shared by PayU with the Merchant by issuing the merchant payment report on every Business Day; non-Business Day transactions use the rate of the immediately preceding Business Day; 1.2(b): the International Card Processing Payment Mechanism and the Multicurrency Payment Feature shall be provided solely at PayU's discretion, subject to additional due diligence and criteria specified by PayU and/or Acquiring Banks and the Nodal Bank, who may withdraw approval at any time; 1.2(g): PayU may charge Customers a Currency Calculator Fee at a rate specified at the time of payment, upon the Customer consenting (checked 7 Oct 2026)
- Revolut India home page, Eligibility (Indian residents aged 18+); plan prices; footer legal entity and RBI PPI and AD-II statements (checked 6 Oct 2026)
- Revolut India spending account (checked 6 Oct 2026)
- Revolut India personal terms, PPIs only for payments in Indian Rupees; foreign currency services via affiliates; no business use; KYC under RBI guidelines; UPI receipt and payment limits shown in the app; top-up methods (checked 6 Oct 2026)
- Revolut India products legal index (checked 6 Oct 2026)
- Revolut India Multi-Currency Cards Terms and Conditions, Eligibility: Indian citizen, resident in India, Indian passport, PAN and Aadhaar; loading funds by bank transfer (NEFT, IMPS, RTGS) (checked 6 Oct 2026)
- Revolut India Help Centre: Add money with a bank transfer (checked 6 Oct 2026)
- Revolut India Personal Fees (Standard), Add money fees, card fee, ATM fee; no inward international payment fee listed (checked 6 Oct 2026)
- Revolut India fees index (checked 6 Oct 2026)
FAQs about PayU vs Revolut
Is PayU or Revolut 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, PayU or Revolut?
PayU states: T+2 business days in INR, as PayU states; same-day and priority settlement offered to some business categories, possibly for a fee. Revolut states: Not confirmed. No inward international settlement to an Indian bank account is described on the India site.
Do PayU and Revolut both provide a FIRA?
PayU: Not confirmed. PayU's public pages do not mention FIRA, FIRC or e-FIRC. Revolut: Not confirmed. No FIRA or FIRC is mentioned on Revolut India pages. A FIRA or FIRC is used as proof of export for GST refunds and income tax records, so confirm how each platform issues it before you invoice.
Are PayU and Revolut authorised by RBI?
PayU: Not confirmed. PA-CB status could not be verified on rbi.org.in, and PayU's pages make no PA-CB claim. Revolut: States it is RBI-authorised to issue PPIs (COA No. 224/2025) via Revolut Payments India, and that Revolut Forex India holds an AD Category-II licence (MUM-ADII-0963-2024); not a PA-CB.
Can Indian freelancers use both PayU and Revolut?
PayU, individuals: PayU's international payments page addresses freelancers such as designers, developers, consultants and coaches. Its public pages do not state the KYC or entity conditions for individuals, so eligibility without a business entity is Not confirmed Revolut, individuals: Indian residents aged 18 and over can open a personal spending account.
Should I switch from PayU to Revolut?
Switch only if Revolut pays more on your usual invoice size or fits how your clients pay. Keep the PayU account open until every invoice sent with its details is paid, and download your FIRA or FIRC records first. Check the platform's own pricing page before relying on these figures.