Tazapay 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. Tazapay is best for Indian businesses collecting B2B or e-commerce payments from many countries, including through cards and local payment methods. 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: Indian businesses collecting B2B or e-commerce payments from many countries, including through cards and local payment methods | Tazapay | Tazapay 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 Tazapay and Revolut compare at a glance?
| Attribute | Tazapay | Revolut |
|---|---|---|
| Best for | Indian businesses collecting B2B or e-commerce payments from many countries | Indian residents using an INR wallet and forex card |
| Fees | Collection fee by contract; cards 3.8% + USD 0.5; + other fees | Not confirmed; India terms bar business use |
| FX markup | Not published; rate shown before you confirm | Not confirmed for inward payments |
| Settlement | Weekly default; local same day to T+1, SWIFT to T+5 | Not confirmed |
| FIRA | USD 4 FIRC fee; NOC for AD1 bank FIRA | Not confirmed; not mentioned on India pages |
| Currencies | Collections in USD, EUR, GBP, AUD, CAD, AED and more; INR settlement | INR wallet; forex card in 30+ currencies, 130+ countries |
| RBI status | Not confirmed on RBI PA-CB list; cites Rupee Drawing Arrangement | States RBI PPI and AD Category-II licences; not PA-CB |
| Indian individuals | Not confirmed | Personal account only; receiving payments not confirmed |
| Indian businesses | Yes, with India KYB documents | Not confirmed; terms bar business use |
| Limits | No daily transaction limit; per-transaction limits vary by payment method and country (for example, cards up to USD 15,000 in many markets) | 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 Tazapay vs Revolut?
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 |
|---|---|---|---|---|---|---|
| Tazapay, $2,000 | – | – | – | Not published | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Tazapay, $5,000 | – | – | – | Not published | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Tazapay, $10,000 | – | – | – | Not published | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| 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 Tazapay and who is it for?
Tazapay is a Singapore-based cross-border payments company offering a payment gateway, Global Collection Accounts (virtual bank accounts and stablecoin wallets) and payouts. Indian businesses can collect from overseas buyers by card, local payment methods or bank transfer into a collection account, then settle the balance to an Indian bank account. Onboarding is business-focused, with India-specific KYB documents such as GST, IEC and Udyam registration.
- Regulated by: Not on an RBI PA-CB list that could be confirmed; Tazapay states Tazapay Canada Corp. operates as an overseas principal under the RBI Rupee Drawing Arrangement, which its About page describes as an arrangement for NRI remittances
- Used by: Yes. Tazapay lists India-specific KYB documents (GST, Certificate of Incorporation, IEC, Udyam, MGT 7, MOA, AOA). It states it cannot support domestic India transactions.
- Best for: Indian businesses collecting B2B or e-commerce payments from many countries, including through cards and local payment methods
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 Tazapay and Revolut fees and FX markup compare?
What does Tazapay charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: Global Collection Account (local bank transfer or SWIFT into a virtual account) | Not confirmed (Contact sales) | Virtual accounts must be requested and approved; review can take a few business days | Indian businesses collecting B2B or e-commerce payments from many countries |
| Receiving: International card payment via payment gateway or payment link | 3.8% + USD 0.5 for non-high-risk industries | Authentication fee USD 0.2, waived for successful transactions | Indian businesses collecting B2B or e-commerce payments from many countries |
| Receiving: Alternative payment methods (local wallets and bank transfer methods abroad) | 0.8% to 2.5% | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Receiving: Stablecoin wallet (USDC or USDT) | Not confirmed | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Currency conversion to INR | Not published; Tazapay states it sources rates from multiple partners and shows the exact rate before you confirm; its pricing page lists customized FX, volume-based discounts and payment-method-specific rates under a Custom tier for high-volume businesses, with no thresholds published | When foreign currency is converted | Indian businesses collecting B2B or e-commerce payments from many countries |
| Payout to an Indian bank | Funds in the Tazapay balance are settled to the business's bank account. Tazapay's Schedule A (1 May 2026) lists local currency settlement at USD 5 below USD 1,000 and free above, and wire transfer settlement at USD 35 below USD 10,000 and free above; its settlement fees article gives the wire threshold as USD 100,000 instead. A signed Pricing Addendum can override these fees. The FX rate for INR conversion is shown before confirmation; markup not published. | When INR is sent to your account | Indian businesses collecting B2B or e-commerce payments from many countries |
| Account opening or closing | Free | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| FIRC (India) | USD 4 (FIRC for Indian Customers, Schedule A and pricing page) | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Local currency settlement under USD 1,000 | USD 5 (free above USD 1,000, per Schedule A) | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| SWIFT/wire settlement | USD 35 below USD 10,000, free above (Schedule A, 1 May 2026); the settlement fees help article says below USD 100,000 | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Refunds | USD 1 (APMs), USD 2 (cards) | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Card dispute | USD 15 (up to EUR 25 by network) | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Pre-dispute alerts | USD 15 | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Arbitration | USD 500 / EUR 600, refunded if resolved in the merchant's favour | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Authentication fee | USD 0.2, waived for successful transactions | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| Payouts to third parties | Local payouts USD 2 to 5; SWIFT USD 5 to 35 (pricing page) | – | Indian businesses collecting B2B or e-commerce payments from many countries |
| GST on fees | Not confirmed. Tazapay does not state on its pricing or fee pages whether GST applies to its fees for Indian customers. | Applies to the platform's fee | Indian businesses collecting B2B or e-commerce payments from many countries |
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 Tazapay and Revolut compare on settlement speed?
- Tazapay: Weekly by default on your signup weekday (daily or biweekly on request); local currency settlement same day to T+1, SWIFT T+1 to T+5; Tazapay notes your bank may take up to T+1 business day after the payout day
- 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 |
|---|---|---|---|
| Tazapay | Weekly default; local same day to T+1, SWIFT to T+5 | Local USD 5 under USD 1,000; wire USD 35, threshold conflicting | Indian businesses collecting B2B or e-commerce payments from many countries |
| Revolut | Not confirmed | Not confirmed | Indian residents using an INR wallet and forex card |
Do Tazapay and Revolut provide FIRA and e-BRC, and are they RBI PA-CB authorised?
| Platform | FIRA and e-BRC | RBI status | Checked | Best for |
|---|---|---|---|---|
| Tazapay | USD 4 FIRC fee; NOC for AD1 bank FIRA | Not confirmed on RBI PA-CB list; cites Rupee Drawing Arrangement | 30 Sept 2026 | Indian businesses collecting B2B or e-commerce payments from many countries |
| 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 Tazapay and Revolut support?
| Platform | Currencies | Payment methods | Indian individuals | Indian businesses | Best for |
|---|---|---|---|---|---|
| Tazapay | Collections in USD, EUR, GBP, AUD, CAD, AED and more; INR settlement | Global Collection Account (local bank transfer or SWIFT into a virtual account); International card payment via payment gateway or payment link; Alternative payment methods (local wallets and bank transfer methods abroad); Stablecoin wallet (USDC or USDT) | Not confirmed | Yes, with India KYB documents | Indian businesses collecting B2B or e-commerce payments from many countries |
| 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 Tazapay and Revolut?
Tazapay
- Payment method coverage: cards and local payment methods in many countries alongside bank transfer collections
- Published settlement fees: Schedule A lists local currency settlement free above USD 1,000 and USD 5 below
- India documentation: lists a USD 4 FIRC fee in its pricing page and Schedule A, and issues an NOC to support FIRA/FIRC requests
- Licensing elsewhere: MAS Major Payment Institution licence in Singapore, plus FinCEN MSB registration and money transmitter licences in five US states, FINTRAC MSB registration in Canada, AUSTRAC registration in Australia and an MSO licence in Hong Kong
- Collection account pricing: not published; set in a signed Pricing Addendum
- FX markup: not published; conflicting wire settlement threshold (USD 10,000 in Schedule A, USD 100,000 in a help article)
- Settlement cadence: weekly by default unless a custom cycle is agreed
- Individuals: onboarding is built around business KYB; eligibility of Indian freelancers without a registered business is not confirmed
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 Tazapay or Revolut?
- Choose Tazapay if: you need Indian businesses collecting B2B or e-commerce payments from many countries, including through cards and local payment methods.
- 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 Tazapay 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 | ₹4,71,037 | 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 | ₹4,68,686 | 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 | ₹4,65,665 | 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 | ₹4,65,286 | 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.
- Tazapay Pricing, Global Collection Accounts: *Contact sales; Global Cards 3.8% + USD 0.5; APMs 0.8%-2.5%; FIRC (India) USD 4; Custom tier: Volume-Based Discounts, Payment Method-Specific Rates, Customized FX (checked 7 Oct 2026)
- Tazapay Schedule A - Fees and Assessments (last updated 1 May 2026), Global Collection Accounts Collection Fee: Subject to Pricing Addendum; Local Currency Settlement (< USD 1,000) USD 5; Wire Transfer Settlement (< USD 10,000) USD 35, (> USD 10,000) Free; FIRC for Indian Customers USD 4 (checked 7 Oct 2026)
- Tazapay Licences, India - Reserve Bank of India (RBI) (checked 6 Oct 2026)
- Tazapay Global Collection Accounts (checked 6 Oct 2026)
- About Tazapay (checked 6 Oct 2026)
- What is the fee for Tazapay's service? (checked 6 Oct 2026)
- How much will it cost me to settle funds?, For wire transfers (USD/Foreign Currency), it's 35 USD per settlement if it's less than 100,000 USD; local currency 5 USD if less than 1,000 USD (checked 7 Oct 2026)
- What FX rate is charged?, The exact FX rate will be transparently displayed before you confirm your transaction (checked 7 Oct 2026)
- When will I receive my settlement? (checked 6 Oct 2026)
- Payout options when receiving payment (checked 6 Oct 2026)
- How long does it take to transfer into my bank account? (checked 6 Oct 2026)
- How do I get an FIRA? (checked 6 Oct 2026)
- Who issues the FIRA/FIRC? (checked 6 Oct 2026)
- Is Tazapay licensed? (checked 6 Oct 2026)
- KYB documents by country (checked 6 Oct 2026)
- KYC/KYB documents required (checked 6 Oct 2026)
- What currencies does Tazapay support? (checked 6 Oct 2026)
- Is there a daily transaction limit? (checked 6 Oct 2026)
- Is there a per transaction limit? (checked 6 Oct 2026)
- What is a collection account on Tazapay? (checked 6 Oct 2026)
- How long does it take to get a virtual account approved? (checked 6 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 Tazapay vs Revolut
Is Tazapay 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, Tazapay or Revolut?
Tazapay states: Weekly by default on your signup weekday (daily or biweekly on request); local currency settlement same day to T+1, SWIFT T+1 to T+5; Tazapay notes your bank may take up to T+1 business day after the payout day. Revolut states: Not confirmed.
Do Tazapay and Revolut both provide a FIRA?
Tazapay: FIRC fee of USD 4 per certificate for Indian customers listed on the pricing page; Tazapay also provides an NOC to support getting a FIRA/FIRC from an AD1 bank. Timing not confirmed. Revolut: Not confirmed. No FIRA or FIRC is mentioned on Revolut India pages.
Are Tazapay and Revolut authorised by RBI?
Tazapay: Not on an RBI PA-CB list that could be confirmed; Tazapay states Tazapay Canada Corp. operates as an overseas principal under the RBI Rupee Drawing Arrangement, which its About page describes as an arrangement for NRI remittances. Revolut: States it is RBI-authorised to issue PPIs (COA No.
Can Indian freelancers use both Tazapay and Revolut?
Tazapay, individuals: Not confirmed. Tazapay's KYC page lists documents for sole proprietorships, but no official page confirms that Indian individual freelancers can open an account. Revolut, individuals: Indian residents aged 18 and over can open a personal spending account. Eligibility can change, so confirm on each platform's sign-up pages.
Should I switch from Tazapay to Revolut?
Switch only if Revolut pays more on your usual invoice size or fits how your clients pay. Keep the Tazapay 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.