PingPong vs Dodo Payments (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. PingPong is best for Indian marketplace sellers (Amazon and similar) collecting in multiple currencies. Dodo Payments is best for Indian founders selling SaaS, AI tools, templates and other digital products to buyers worldwide.
| 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 marketplace sellers (Amazon and similar) collecting in multiple currencies | PingPong | PingPong is built for this. |
| Need: Indian founders selling SaaS, AI tools, templates and other digital products to buyers worldwide | Dodo Payments | Dodo Payments is built for this. |
How do PingPong and Dodo Payments compare at a glance?
| Attribute | PingPong | Dodo Payments |
|---|---|---|
| Best for | Indian marketplace sellers collecting in multiple currencies | Indian founders selling SaaS and digital products worldwide |
| Fees | Free receiving; 1% withdrawal, may vary by region | 4% + 40c + other fees; payout $5 below $1,000, $25 SWIFT |
| FX markup | Not confirmed; Amazon page states all-inclusive up to 1% | No INR conversion; Indian bank converts USD at its rate |
| Settlement | Conflicting: T+0 before 2:30 pm cut-off, or 1-2 days | Bi-monthly payouts by default; usually 1-2 business days to arrive |
| FIRA | Free digital FIRC per transaction, 3-5 business days | Not confirmed |
| Currencies | Receives USD, EUR, GBP, AUD, CAD, JPY and more; INR or EEFC | Customers pay in 80+ currencies; payouts in USD, GBP, EUR only |
| RBI status | States OPGSP via RBI-approved liaison office; PA-CB not confirmed | Not confirmed |
| Indian individuals | Not confirmed without business registration | Yes, with PAN and ID, digital products |
| Indian businesses | Yes, sellers, exporters and service businesses | Yes, registered entities after KYB |
| Limits | PingPong's Terms and Conditions (India section) allow receipts for exports of goods or services of value not exceeding the equivalent of INR 25,00,000 (about USD 30,000) per transaction. Receiving accounts also have a virtual account limit that can be raised by applying in the dashboard; specific amounts Not confirmed. | Minimum payout threshold of $100 by default, adjustable to $50 or above, applied to the combined USD, GBP and EUR balance; up to three linked payout accounts; payouts start only after all verifications are approved. Transaction limits: Not confirmed. |
How much INR do you receive on $2,000, $5,000 and $10,000 with PingPong vs Dodo Payments?
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 |
|---|---|---|---|---|---|---|
| PingPong, $2,000 | – | – | – | Not published | – | Indian marketplace sellers collecting in multiple currencies |
| PingPong, $5,000 | – | – | – | Not published | – | Indian marketplace sellers collecting in multiple currencies |
| PingPong, $10,000 | – | – | – | Not published | – | Indian marketplace sellers collecting in multiple currencies |
| Dodo Payments, $2,000 | – | – | – | Not published | – | Indian founders selling SaaS and digital products worldwide |
| Dodo Payments, $5,000 | – | – | – | Not published | – | Indian founders selling SaaS and digital products worldwide |
| Dodo Payments, $10,000 | – | – | – | Not published | – | Indian founders selling SaaS and digital products worldwide |
What is PingPong and who is it for?
PingPong is a cross-border payments company founded in New York in 2015 and headquartered in Hangzhou, China, which has operated in India since July 2019 from a Bengaluru office. Indian e-commerce sellers, exporters and freelancers open virtual receiving accounts in foreign currencies, link them to marketplaces or share them with clients, and withdraw to an Indian bank account in INR or, through an EEFC account, in foreign currency.
- Regulated by: States its India Liaison Office is RBI-approved (UIN BGLO19008226) and that it acts as an OPGSP; RBI PA-CB authorisation Not confirmed
- Used by: Yes. India pages target e-commerce sellers, exporters and service businesses; KYC includes business information.
- Best for: Indian marketplace sellers (Amazon and similar) collecting in multiple currencies
What is Dodo Payments and who is it for?
Dodo Payments is a merchant of record platform: it acts as the legal seller of a merchant's digital product, collects payment from the end customer, and handles sales tax, VAT and GST, billing and invoicing; merchants get dispute tools but chargeback liability stays with the merchant. Indian creators and businesses list their product, Dodo sells it to customers abroad, and the net revenue after tax and fees is paid out from a USD, GBP or EUR balance to the merchant's linked bank account. It does not provide local account details for receiving client bank transfers or invoice payments for services.
- Regulated by: Not confirmed
- Used by: Yes. Registered Indian entities complete KYB (incorporation document, business PAN or GSTIN, director and beneficial owner IDs) and link a bank account in the company's legal name.
- Best for: Indian founders selling SaaS, AI tools, templates and other digital products to buyers worldwide
How do PingPong and Dodo Payments fees and FX markup compare?
What does PingPong charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: Local virtual receiving accounts (e.g. USD routing and account number) linked to marketplaces | Free to receive per help centre; 1% on withdrawal | Help centre lists Amazon, AliExpress, eBay, TikTok, Shopee and others, developer platforms such as Google and App Store, and platforms paying via PayPal or Stripe | Indian marketplace sellers collecting in multiple currencies |
| Receiving: Direct bank or wire transfer from overseas buyers | Free to receive per help centre; 1% on withdrawal | Requires invoice or contract for inbound approval; some accounts reject funds from individual payers | Indian marketplace sellers collecting in multiple currencies |
| Receiving: Payment request or invoice | Not confirmed | India pages say bank transfers and US debit card payments are accepted | Indian marketplace sellers collecting in multiple currencies |
| Currency conversion to INR | Not confirmed: the terms say conversion is at the rate PingPong determines at transaction time; the Amazon seller page describes pricing as 'all-inclusive up to 1%'; no separate FX markup is published | When foreign currency is converted | Indian marketplace sellers collecting in multiple currencies |
| Payout to an Indian bank | Funds are withdrawn automatically to a linked Indian bank account in INR (T+0 before the 2:30 pm cut-off, else T+1) or to an EEFC account in foreign currency (1-3 days); the help centre states a 1% withdrawal fee that may vary by region. | When INR is sent to your account | Indian marketplace sellers collecting in multiple currencies |
| Account opening | Free | – | Indian marketplace sellers collecting in multiple currencies |
| Receiving account | 'Most accounts are free to use' | – | Indian marketplace sellers collecting in multiple currencies |
| Withdrawal to own bank account or supplier payment | 1% per transaction (may vary by region) | – | Indian marketplace sellers collecting in multiple currencies |
| Digital FIRC | Free | – | Indian marketplace sellers collecting in multiple currencies |
| VAT and global tax payments | No additional fee, per India pages | – | Indian marketplace sellers collecting in multiple currencies |
| Transfers within the PingPong network | No charge, per the India B2B page (listed under supplier payments for businesses with US/UK/EU entities) | – | Indian marketplace sellers collecting in multiple currencies |
| GST on fees | Not confirmed: PingPong's India pages and terms do not state whether GST is charged on its fees. The India home page's 'Pay VAT/GST and other taxes with no additional costs' refers to paying taxes from the balance, not to GST on PingPong's fees. | Applies to the platform's fee | Indian marketplace sellers collecting in multiple currencies |
What does Dodo Payments charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: International card and wallet payments via Dodo checkout | 4% + 40c, plus 1.5% for cards and APMs outside the US | Calculated on the total amount including sales tax. Plus 0.5% for subscriptions or usage-based billing; plus 3% for BNPL or PayPal | Indian founders selling SaaS and digital products worldwide |
| Receiving: US ACH direct debit (one-time payments) | 1.5%, capped at $15 per transaction | Replaces the card fee; the international and subscription surcharges do not apply | Indian founders selling SaaS and digital products worldwide |
| Receiving: SEPA direct debit | 1.5%, capped at EUR 15 per transaction | Replaces the card fee; the international and subscription surcharges do not apply | Indian founders selling SaaS and digital products worldwide |
| Receiving: Indian UPI, RuPay and Indian cards (INR) | 4% + 15c (+international payment fees) | – | Indian founders selling SaaS and digital products worldwide |
| Receiving: Bank push transfer initiated by the customer | Priced as a standard transaction (4% + 40c plus applicable surcharges) | Dodo does not offer local receiving account details for client invoice payments | Indian founders selling SaaS and digital products worldwide |
| Currency conversion to INR | No INR conversion by Dodo: payouts are sent in USD, GBP or EUR and the receiving Indian bank converts at its own rate; the pricing page says standard FX applies on non-USD settlements, and the 2-4% Adaptive Currency FX fee is charged to the buyer at checkout, not on the payout | When foreign currency is converted | Indian founders selling SaaS and digital products worldwide |
| Payout to an Indian bank | Net revenue (after tax, Dodo fees, refunds and disputes) is paid from the USD, GBP or EUR wallets to a bank account in the merchant's own name. Per the payouts documentation, each payout account is registered for a currency and transfer method: an international SWIFT wire is typically credited in USD with the USD SWIFT payout fee ($25 on the pricing page) deducted, a local bank transfer is credited in local currency with no per-wire fee, and a Payoneer receiving account is treated as a regular bank account. Available methods vary by country and the documentation does not say whether a local INR route is offered for Indian accounts. A $5 fee applies to payouts below $1,000. When a USD transfer reaches an INR account, the Indian bank converts at its own rate and it and any intermediary banks may deduct charges that do not appear on Dodo's payout invoice. | When INR is sent to your account | Indian founders selling SaaS and digital products worldwide |
| Refund | $1 per refund | – | Indian founders selling SaaS and digital products worldwide |
| Dispute | $30 per dispute | – | Indian founders selling SaaS and digital products worldwide |
| Visa RDR | $18 per dispute | – | Indian founders selling SaaS and digital products worldwide |
| Ethoca alert | $27 per alert | – | Indian founders selling SaaS and digital products worldwide |
| Dispute deflection | $15 per deflection | – | Indian founders selling SaaS and digital products worldwide |
| Payout under $1,000 | $5 | – | Indian founders selling SaaS and digital products worldwide |
| USD SWIFT payout (non-US businesses) | $25 | – | Indian founders selling SaaS and digital products worldwide |
| Bring your own processor | 0.5% | – | Indian founders selling SaaS and digital products worldwide |
| Abandoned cart recovery, subscription dunning and payment retries | 5% of the recovered amount | – | Indian founders selling SaaS and digital products worldwide |
| GST on fees | Not confirmed. Dodo states it calculates and applies GST on customer sales for Indian merchants based on the customer's location; whether GST is added to Dodo's own fees is not stated on official pages. | Applies to the platform's fee | Indian founders selling SaaS and digital products worldwide |
How do PingPong and Dodo Payments compare on settlement speed?
- PingPong: Help centre: INR withdrawals succeed the same day (T+0) if submitted before the 2:30 pm cut-off, otherwise the next day (T+1); non-INR withdrawals within 1-3 days. The freelancer page separately says INR withdrawals take 1-2 working days
- Dodo Payments: Payout dates: bi-monthly by default (18th and 4th), weekly on request for higher volumes (11th, 18th, 25th and 4th) or monthly (11th of the following month), moved to the next business day after weekends and US Federal Reserve holidays; the FAQ says funds usually appear 1-2 business days after initiation, while the payouts documentation says arrival depends on the receiving bank and payout rail
| Platform | Settlement to India | Payout route | Best for |
|---|---|---|---|
| PingPong | Conflicting: T+0 before 2:30 pm cut-off, or 1-2 days | Auto INR, T+0 before 2:30 pm else T+1; 1% fee, may vary | Indian marketplace sellers collecting in multiple currencies |
| Dodo Payments | Bi-monthly payouts by default; usually 1-2 business days to arrive | USD, GBP or EUR to own bank; $25 SWIFT; bank converts | Indian founders selling SaaS and digital products worldwide |
Do PingPong and Dodo Payments provide FIRA and e-BRC, and are they RBI PA-CB authorised?
| Platform | FIRA and e-BRC | RBI status | Checked | Best for |
|---|---|---|---|---|
| PingPong | Free digital FIRC per transaction, 3-5 business days | States OPGSP via RBI-approved liaison office; PA-CB not confirmed | 30 Sept 2026 | Indian marketplace sellers collecting in multiple currencies |
| Dodo Payments | Not confirmed | Not confirmed | 30 Sept 2026 | Indian founders selling SaaS and digital products worldwide |
Which currencies, countries and payment methods do PingPong and Dodo Payments support?
| Platform | Currencies | Payment methods | Indian individuals | Indian businesses | Best for |
|---|---|---|---|---|---|
| PingPong | Receives USD, EUR, GBP, AUD, CAD, JPY and more; INR or EEFC | Local virtual receiving accounts (e.g. USD routing and account number) linked to marketplaces; Direct bank or wire transfer from overseas buyers; Payment request or invoice | Not confirmed without business registration | Yes, sellers, exporters and service businesses | Indian marketplace sellers collecting in multiple currencies |
| Dodo Payments | Customers pay in 80+ currencies; payouts in USD, GBP, EUR only | International card and wallet payments via Dodo checkout; US ACH direct debit (one-time payments); SEPA direct debit; Indian UPI, RuPay and Indian cards (INR); Bank push transfer initiated by the customer | Yes, with PAN and ID, digital products | Yes, registered entities after KYB | Indian founders selling SaaS and digital products worldwide |
What are the strengths and limitations of PingPong and Dodo Payments?
PingPong
- Marketplace focus: India pages list Amazon US, UK, EU, Japan, Canada and Australia, plus other marketplaces and PayPal or Stripe payouts
- Fast INR payout: help centre says same day for INR withdrawals submitted before 2:30 pm (the freelancer page says 1-2 working days)
- Free FIRC: digital FIRC per transaction at no charge
- Free receiving: help centre says opening an account and receiving payments is free
- Pricing opacity: the 1% figure 'may vary from region to region' and no FX markup or GST treatment is published
- Regulatory status in India: platform describes itself as an OPGSP with an RBI-approved liaison office; PA-CB authorisation not confirmed on an RBI page
- Inbound checks: wire transfers need order information (invoice or contract) for approval, and rejected payments take around 15-20 working days to return
- Personal payers: some receiving accounts do not accept funds from individual accounts
Dodo Payments
- Tax handling: Dodo states it calculates, collects and files sales tax, VAT and GST for sales it processes
- Individual sign-up: creators and sole proprietors can register as individuals with PAN-based KYC
- No fixed costs: no monthly fee on the standard plan, per the pricing page
- Payout frequency: bi-monthly by default, weekly on request for higher volumes, with a threshold adjustable down to $50
- Digital products only: the merchant acceptance policy targets SaaS, AI products, digital goods, templates, plugins and apps, not client services or invoices
- Per-sale fee: 4% + 40c plus 1.5% for international cards is charged on each sale, calculated on the total including sales tax
- No INR payouts: the INR payout wallet was discontinued, so payouts are sent in USD, GBP or EUR and converted by the receiving bank
- Payout fees: $5 on payouts under $1,000 and $25 on USD SWIFT payouts to non-US businesses (whether both apply to a small SWIFT payout is not stated), plus any receiving and intermediary bank charges
Should you choose PingPong or Dodo Payments?
- Choose PingPong if: you need Indian marketplace sellers (Amazon and similar) collecting in multiple currencies.
- Choose Dodo Payments if: you need Indian founders selling SaaS, AI tools, templates and other digital products to buyers worldwide.
For example, an exporter billing $5,000 a month: Neither platform publishes full pricing for Indian users.
Which other platforms should you consider besides PingPong and Dodo Payments?
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 | ₹4,69,875 | 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 | ₹4,67,530 | 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 | ₹4,64,515 | 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 | ₹4,64,137 | 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.
- PingPong India home, Digital FIRCs in your PingPong dashboard. Free of cost; All fee charges are shown on the account dashboard (checked 7 Oct 2026)
- PingPong India: For Amazon Sellers, All-inclusive transaction fee up to 1%; FIRC for each transaction (checked 6 Oct 2026)
- PingPong India: Freelancers and service providers (checked 6 Oct 2026)
- PingPong India: E-commerce sellers (checked 6 Oct 2026)
- PingPong India: B2B payments, OPGSP with partner Citibank; no charge for transfers within network (checked 6 Oct 2026)
- PingPong India: Value added services (checked 6 Oct 2026)
- PingPong India: Licensing and regulation, RBI-approved liaison office BGLO19008226; OPGSP (checked 6 Oct 2026)
- PingPong India: About us (checked 6 Oct 2026)
- Help centre: What is the charging standard?, Creating a PingPong account and receiving payment is free of charge. Withdraw balance ... will be charged 1% per transaction. However, fee standard may vary from region to region (checked 7 Oct 2026)
- Help centre: What does KYC mean? (checked 6 Oct 2026)
- Help centre: What does sole proprietorship mean? (checked 6 Oct 2026)
- Help centre: How long does the verification process take? (checked 6 Oct 2026)
- Help centre: How does your virtual account charge? (checked 6 Oct 2026)
- Help centre: Which currencies are supported? (checked 6 Oct 2026)
- Help centre: Which platforms can I receive payments from? (checked 6 Oct 2026)
- Help centre: Can I receive funds through wire transfer? (checked 6 Oct 2026)
- Help centre: Transfer conditions (checked 6 Oct 2026)
- Help centre: Increase virtual account limit (checked 6 Oct 2026)
- Help centre: How can I withdraw funds?, INR T+0 before 2:30 pm cut-off; non-INR 1-3 days (checked 6 Oct 2026)
- Help centre: How can I get a FIRC?, 3-5 business days (checked 6 Oct 2026)
- PingPong Terms and Conditions (incl. Exhibit A, Customer Location in India), value not exceeding the equivalent of ₹25,00,000 (approximately US$30,000) per transaction; conversion at the foreign exchange rate at the applicable transaction time as determined by PingPong; Export Collection Account with an AD Bank in India (checked 7 Oct 2026)
- Dodo Payments Pricing, Domestic (USA) cards and wallets 4% + 40c; International +1.5%; BNPL +3%; PayPal +3%; Domestic (India - INR) 4% + 15c +international payment fees; ACH 1.5% capped at $15, SEPA 1.5% capped at EUR 15, replaces the card fee; bank push transfers priced as standard transactions; Payouts free, fee of $5 if payout <$1000, standard FX applicable on non-USD settlements; USD SWIFT payouts $25; Adaptive Currency 2-4% FX fee charged to customer (checked 7 Oct 2026)
- Dodo Payments Docs: Payouts Process, Bi-monthly payout dates 18th and 4th, weekly 11th/18th/25th/4th, monthly 11th; your bank converts the transfer on arrival at its own exchange rate; USD default threshold $100, lowest $50; INR native wallet discontinued; International SWIFT wire: USD SWIFT payout fee, deducted from the payout; Local bank transfer: none; payout fee is $5 for payouts below $1,000 (checked 7 Oct 2026)
- Dodo Payments Docs: Balances, Three native wallets: USD, GBP, EUR (checked 7 Oct 2026)
- Dodo Payments Docs: FAQ, Q31 GST for Indian merchants; Q35 PAN or GST; Q84 USD, GBP and EUR payout currencies, INR no longer a native payout wallet; Q99 bank and intermediary charges; Q100 payouts usually take 1-2 business days (checked 7 Oct 2026)
- Dodo Payments Docs: Account Verification (checked 6 Oct 2026)
- Dodo Payments Docs: Merchant of Record Introduction, Transaction fees are calculated on the total amount including tax, using standard pricing (example: 4% of $230, 1.5% international, $0.40 fixed) (checked 7 Oct 2026)
- Dodo Payments Docs: Merchant Acceptance Policy (checked 6 Oct 2026)
- Dodo Payments Docs: Accepted Countries and Territories (checked 6 Oct 2026)
- Dodo Payments Terms of Use, Preamble naming group companies (checked 6 Oct 2026)
FAQs about PingPong vs Dodo Payments
Is PingPong or Dodo Payments 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, PingPong or Dodo Payments?
PingPong states: Help centre: INR withdrawals succeed the same day (T+0) if submitted before the 2:30 pm cut-off, otherwise the next day (T+1); non-INR withdrawals within 1-3 days. The freelancer page separately says INR withdrawals take 1-2 working days. Check the platform's own pricing page before relying on these figures.
Do PingPong and Dodo Payments both provide a FIRA?
PingPong: Free digital FIRC per transaction, applied for from the dashboard; the help centre says applications complete in 3-5 business days. Dodo Payments: Not confirmed (no FIRA, FIRC or e-FIRC mention found on official pages). Check the platform's own pricing page before relying on these figures.
Are PingPong and Dodo Payments authorised by RBI?
PingPong: States its India Liaison Office is RBI-approved (UIN BGLO19008226) and that it acts as an OPGSP; RBI PA-CB authorisation Not confirmed. Dodo Payments: Not confirmed. RBI publishes the list of authorised cross-border payment aggregators, so check the current list before relying on any platform's own statement about its status.
Can Indian freelancers use both PingPong and Dodo Payments?
PingPong, individuals: Not confirmed. India pages market to freelancers and service providers, and the help centre lists sole proprietorship as a business type requiring business documents; whether an individual without a business registration can sign up is not stated. Dodo Payments, individuals: Yes. Eligibility can change, so confirm on each platform's sign-up pages.
Should I switch from PingPong to Dodo Payments?
Switch only if Dodo Payments pays more on your usual invoice size or fits how your clients pay. Keep the PingPong account open until every invoice sent with its details is paid, and download your FIRA or FIRC records first.