What Are TransFi Fees in India in 2026?
- Author:
- Manoj Sharma
- Verified by:
- Editorial team
- Published:
- Last modified:
Short answer
TransFi fees for Indian users: Not published; fees are agreed per business customer. FX markup: Not confirmed; no FX markup is published. TransFi does not publish enough pricing for Indian users to calculate the exact INR received, so this page lists each published charge. Fees were checked on 30 Sept 2026.
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving fee | Not published; India not on supported countries list | Each payment received | Businesses using an API for collections, payouts and stablecoin conversion |
| FX markup | Not confirmed; no FX markup published | Conversion to INR | Businesses using an API for collections, payouts and stablecoin conversion |
| GST | Not confirmed; no GST treatment is stated | On the fee | Businesses using an API for collections, payouts and stablecoin conversion |
What are TransFi fees at a glance?
TransFi fees for Indian users, as published on TransFi's own pricing pages and checked on 30 Sept 2026.
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: Virtual account (IBAN) for bank transfers, e.g. EUR | Not confirmed | Documented for supported countries; availability to Indian residents not confirmed | Businesses using an API for collections, payouts and stablecoin conversion |
| Receiving: Local payment methods (bank transfer, cards, wallets) via payin order | Not confirmed | Funds land on the TransFi balance in the chosen currency, which can be a stablecoin | Businesses using an API for collections, payouts and stablecoin conversion |
| Receiving: Crypto or stablecoin deposit address | Not confirmed | – | Businesses using an API for collections, payouts and stablecoin conversion |
| Currency conversion to INR | Not confirmed; no FX markup is published | When foreign currency is converted | Businesses using an API for collections, payouts and stablecoin conversion |
| Payout to an Indian bank | Not confirmed. TransFi documents settlement from the TransFi balance to a bank account but publishes no INR payout route or cost for Indian recipients. | When INR is sent to your account | Businesses using an API for collections, payouts and stablecoin conversion |
| Account and transaction fees | As agreed between TransFi and the customer; not published | – | Businesses using an API for collections, payouts and stablecoin conversion |
| GST on fees | Not confirmed; no GST treatment is stated | Applies to the platform's fee | Businesses using an API for collections, payouts and stablecoin conversion |
How does TransFi charge Indian users?
TransFi charges through a receiving fee, an FX markup on conversion and, in some cases, payout or fixed fees.
- Transaction fee: Not published; fees are agreed per business customer
- FX markup: Not confirmed; no FX markup is published
- Withdrawal fee: Not confirmed. TransFi documents settlement from the TransFi balance to a bank account but publishes no INR payout route or cost for Indian recipients.
- GST: Not confirmed; no GST treatment is stated
Calculation basis: TransFi publishes no fee schedule. Its Business Services Agreement defines Fees as "any fees as agreed by the Parties", and India is not on its developer documentation's Supported Countries list, so no fee model exists for an Indian resident receiving a USD bank transfer.
What does TransFi charge by payment method?
TransFi's fee depends on how your client pays. Methods not listed are not supported or not published for Indian users.
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: Virtual account (IBAN) for bank transfers, e.g. EUR | Not confirmed | Documented for supported countries; availability to Indian residents not confirmed | Businesses using an API for collections, payouts and stablecoin conversion |
| Receiving: Local payment methods (bank transfer, cards, wallets) via payin order | Not confirmed | Funds land on the TransFi balance in the chosen currency, which can be a stablecoin | Businesses using an API for collections, payouts and stablecoin conversion |
| Receiving: Crypto or stablecoin deposit address | Not confirmed | – | Businesses using an API for collections, payouts and stablecoin conversion |
| Currency conversion to INR | Not confirmed; no FX markup is published | When foreign currency is converted | Businesses using an API for collections, payouts and stablecoin conversion |
| Payout to an Indian bank | Not confirmed. TransFi documents settlement from the TransFi balance to a bank account but publishes no INR payout route or cost for Indian recipients. | When INR is sent to your account | Businesses using an API for collections, payouts and stablecoin conversion |
| GST on fees | Not confirmed; no GST treatment is stated | Applies to the platform's fee | Businesses using an API for collections, payouts and stablecoin conversion |
What is the TransFi currency conversion fee and FX markup?
Published FX markup: Not confirmed; no FX markup is published. The markup is the difference between the mid-market rate and the rate TransFi applies when converting to INR.
What are TransFi withdrawal and settlement fees?
| Platform | Settlement to India | Payout route | Best for |
|---|---|---|---|
| TransFi | Not confirmed for India | Not confirmed; no INR payout route published | Businesses using an API for collections, payouts and stablecoin conversion |
Is GST charged on TransFi fees?
Not confirmed; no GST treatment is stated
How much INR do you receive on $2,000, $5,000 and $10,000 with TransFi?
The table shows each charge line by line at the XE mid-market rate for 4 Nov 2026.
| Platform and invoice | Fee | FX markup | GST | INR received | Cost | Best for |
|---|---|---|---|---|---|---|
| TransFi, $2,000 | – | – | – | Not published | – | Businesses using an API for collections, payouts and stablecoin conversion |
| TransFi, $5,000 | – | – | – | Not published | – | Businesses using an API for collections, payouts and stablecoin conversion |
| TransFi, $10,000 | – | – | – | Not published | – | Businesses using an API for collections, payouts and stablecoin conversion |
How can you reduce TransFi fees?
- Payment method: Ask clients to pay by local bank transfer to your account details, which usually costs less than cards, wallets or Swift wires.
- Invoice size: Where a platform charges a flat fee per payment, fewer and larger invoices lower the cost as a share of revenue.
- Conversion: Compare the rate offered with the mid-market rate on the day, because the FX markup is often the larger cost.
- GST: Keep the platform's tax invoices, since GST paid on fees may be claimable as input tax credit if you are GST registered.
How do TransFi fees compare with other platforms?
Platforms are ranked by the INR received on a $5,000 invoice, with TransFi included.
| 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 | ₹4,70,884 | 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 | ₹4,68,534 | 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 | ₹4,65,514 | 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 | ₹4,65,135 | Existing HDFC customers wanting free SWIFT receipts or EEFC accounts |
| TransFi | Not published; India not on supported countries list | Not confirmed; no FX markup published | Not confirmed; not mentioned on official pages | Not available in India: not on TransFi's supported countries list | Businesses using an API for collections, payouts and stablecoin conversion |
How did we verify this?
Fees were checked on TransFi's own pages on 30 Sept 2026. INR figures use the XE mid-market rate for 4 Nov 2026. The formula is on the methodology page.
- TransFi homepage, 40+ currencies, 130+ digital assets; South Asia section (checked 6 Oct 2026)
- TransFi Docs: Supported Countries, Country list, updated 2026-08-04; India not listed (checked 6 Oct 2026)
- TransFi Docs: Collections, Four ways to collect; funds land on TransFi balance, ready to pay out, swap or settle to bank (checked 6 Oct 2026)
- TransFi Docs: Collect via a Virtual Account (checked 6 Oct 2026)
- TransFi Docs: Collect with a Local Payment Method (checked 6 Oct 2026)
- TransFi Docs: KYB levels for Business User (checked 6 Oct 2026)
- TransFi Compliance Policies, FINTRAC MSB M24519990; Annexure A group entities (checked 6 Oct 2026)
- TransFi Business Services Agreement, Definition of Fees (checked 6 Oct 2026)
- TransFi Payment Methods, 40+ currencies and 100+ tokens; 100+ countries (checked 6 Oct 2026)
FAQs about TransFi fees
How much does TransFi charge to receive money in India?
Fees: Not published; fees are agreed per business customer. Conversion to INR: Not confirmed; no FX markup is published. GST: Not confirmed; no GST treatment is stated Check TransFi's own pricing page before relying on these figures, because platforms can change fees without notice.
Does TransFi add a markup to the exchange rate?
Published FX markup: Not confirmed; no FX markup is published. The markup is the gap between the mid-market rate and the rate TransFi applies, so it is a cost even when no separate fee is shown. Compare the rate TransFi offers with the mid-market rate on the day you convert.
Is GST charged on TransFi fees?
Not confirmed; no GST treatment is stated Where a platform charges GST, it is added on top of the fee, so the total cost rises by 18% of the fee. This page's calculator adds GST on fees where the platform charges it or does not say otherwise.
How long does TransFi take to pay out to an Indian bank account?
TransFi states: Not confirmed for India; TransFi states collected money lands on the TransFi balance, ready to pay out, swap or settle to a bank account, but no India settlement time is stated. Payout route: Not confirmed. Actual timing depends on when the payment arrives, cut-off times and bank holidays in India and the sending country.
Does TransFi provide a FIRA for each payment?
TransFi's official pages and documentation do not mention FIRA, FIRC or e-FIRC. Indian exporters should not assume any inward remittance certificate is issued for transactions through TransFi. Check the platform's own pricing page before relying on these figures. Fees and rules can change, so confirm the details before you invoice.
Is TransFi cheaper than other ways to receive international payments?
TransFi does not publish enough pricing for Indian users to calculate a total cost, so it cannot be ranked on this site. The comparison table on this page shows platforms that publish full pricing, ranked by the INR received on a $5,000 invoice.