Wise Business 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. Dodo Payments does not publish full pricing; Wise Business does. Wise Business is best for freelancers and small exporters wanting local account details in several currencies with an eFIRC per payment. The table compares both by use case using published information.
| Use case | Better option | Why |
|---|---|---|
| Invoices around $2,000 | Not comparable | Dodo Payments does not publish full pricing; Wise Business does. |
| Invoices around $5,000 | Not comparable | Dodo Payments does not publish full pricing; Wise Business does. |
| Invoices around $10,000 | Not comparable | Dodo Payments does not publish full pricing; Wise Business does. |
| Need: freelancers and small exporters wanting local account details in several currencies with an eFIRC per payment | Wise Business | Wise Business 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. |
CurrencyUSD
At the mid-market rate
₹4,72,890
Highest payout: Wise Business
₹4,63,910
- 1.Wise Business₹4,63,910cost 1.90%
1 USD = 94.58 INR, ECB reference rate for 4 Nov 2026. Payout = amount minus fees, converted at the reference rate minus each platform's markup, minus 18% GST on fees where charged. Platforms without published pricing are left out.
How do Wise Business and Dodo Payments compare at a glance?
| Attribute | Wise Business | Dodo Payments |
|---|---|---|
| Best for | Freelancers and small exporters wanting multi-currency local accounts and eFIRC | Indian founders selling SaaS and digital products worldwide |
| Fees | Calculator: 1.6% + $2 per payment + 18% GST | 4% + 40c + other fees; payout $5 below $1,000, $25 SWIFT |
| FX markup | Mid-market rate; cost is the 1.6% conversion fee | No INR conversion; Indian bank converts USD at its rate |
| Settlement | States under 90 minutes in business hours | Bi-monthly payouts by default; usually 1-2 business days to arrive |
| FIRA | eFIRC per transfer, 2 USD + 18% GST | Not confirmed |
| Currencies | Receive USD, GBP, EUR, AUD, CAD, NZD, SGD, HUF; to INR | Customers pay in 80+ currencies; payouts in USD, GBP, EUR only |
| RBI status | States in-principle PA-CB approval; not found on RBI page | Not confirmed |
| Indian individuals | Only via Wise Business as sole trader/freelancer | Yes, with PAN and ID, digital products |
| Indian businesses | Yes; other business types can join waitlist | Yes, registered entities after KYB |
| Limits | 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 Wise Business 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 |
|---|---|---|---|---|---|---|
| Wise Business, $2,000 | ₹3,155 | ₹0 | ₹568 | ₹1,85,433 | 1.97% | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Wise Business, $5,000 | ₹7,610 | ₹0 | ₹1,370 | ₹4,63,910 | 1.90% | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Wise Business, $10,000 | ₹15,034 | ₹0 | ₹2,706 | ₹9,28,040 | 1.88% | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| 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 Wise Business and who is it for?
Wise is a UK-headquartered money transfer company. In India, receiving money from abroad is offered only through Wise Business, which gives local account details in eight currencies, converts incoming payments to INR at the mid-market rate and pays them to the user's Indian bank account. Freelancers can sign up under the sole trader / freelancer business type.
- Regulated by: States that Wise Payments India Private Limited is an in-principle approved Payment Aggregator - Cross Border and that inward remittance runs through a local bank partner with RBI approval (platform's claim; not found on an RBI page)
- Used by: Yes. Wise onboards sole trader / freelancer, sole proprietorship, private limited company, limited liability partnership and general partnership; other business types can join a waitlist.
- Best for: Freelancers and small exporters wanting local account details in several currencies with an eFIRC per payment
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 Wise Business and Dodo Payments fees and FX markup compare?
What does Wise Business charge?
| Fee type | Amount | When it applies | Best for |
|---|---|---|---|
| Receiving: US ACH to USD account details (routing and account number) | 1.6% conversion fee, 2 USD eFIRC fee and 18% GST on both in Wise's calculator (20.86 USD total on 1,000 USD on 2026-10-06) | – | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: International Swift or wire to USD account details | 27.93 USD total on 1,000 USD in Wise's calculator on 2026-10-06 | Wise's price data adds a 6.11 USD pay-in fee to the conversion fee for wire receipts; the page does not explain this in words | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: Payment from a client's Wise account | Not confirmed | Wise says the client can skip bank transfer or wire transfer fees and that the user saves 4.14 USD on USD wire fees if the client pays with Wise | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving: GBP, EUR, AUD, CAD, NZD, SGD, HUF local details | Not confirmed | Wise states the conversion fee depends on the currency | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Currency conversion to INR | Converts at the mid-market rate; the cost is the 1.6% conversion fee | When foreign currency is converted | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Payout to an Indian bank | Funds are converted to INR at the mid-market rate and sent to the Indian bank account linked at signup; Wise's charges are the conversion fee, the eFIRC fee and GST on both. | When INR is sent to your account | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| eFIRC | 2 USD per transfer plus GST, per Wise's calculator | – | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Receiving account details | Free per Wise's India business page ('Get international account details in India for free') | – | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| GST on fees | Wise states it charges GST only on the Wise fees, at 18% of (conversion fee + eFIRC fee). | Applies to the platform's fee | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
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 Wise Business and Dodo Payments compare on settlement speed?
- Wise Business: Wise states payments can arrive in under 90 minutes within business hours
- 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 |
|---|---|---|---|
| Wise Business | States under 90 minutes in business hours | INR at mid-market rate to linked Indian bank account | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| 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 Wise Business 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 |
|---|---|---|---|---|
| Wise Business | eFIRC per transfer, 2 USD + 18% GST | States in-principle PA-CB approval; not found on RBI page | 30 Sept 2026 | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| Dodo Payments | Not confirmed | Not confirmed | 30 Sept 2026 | Indian founders selling SaaS and digital products worldwide |
Which currencies, countries and payment methods do Wise Business and Dodo Payments support?
| Platform | Currencies | Payment methods | Indian individuals | Indian businesses | Best for |
|---|---|---|---|---|---|
| Wise Business | Receive USD, GBP, EUR, AUD, CAD, NZD, SGD, HUF; to INR | US ACH to USD account details (routing and account number); International Swift or wire to USD account details; Payment from a client's Wise account; GBP, EUR, AUD, CAD, NZD, SGD, HUF local details | Only via Wise Business as sole trader/freelancer | Yes; other business types can join waitlist | Freelancers and small exporters wanting multi-currency local accounts and eFIRC |
| 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 Wise Business and Dodo Payments?
Wise Business
- Transparent calculator: Wise's India pricing page calculator shows the conversion fee, eFIRC fee and GST for a given amount
- Mid-market rate: no exchange rate markup; the cost sits in a stated conversion fee
- Speed: Wise states payouts can arrive in under 90 minutes within business hours
- Freelancer eligibility: sole traders and freelancers are an accepted business type
- Cost on USD: Wise's calculator showed a 1.6% conversion fee plus a 2 USD eFIRC fee, before 18% GST, on a 1,000 USD ACH receipt on 2026-10-06
- Per-payment paperwork: Wise says a payment request is needed for every payment, with payment information such as sender and invoice
- Business only: personal Wise accounts in India cannot receive money; users must register Wise Business
- Regulatory status: the PA-CB licence is in-principle per Wise's own statement
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 Wise Business or Dodo Payments?
- Choose Wise Business if: you need freelancers and small exporters wanting local account details in several currencies with an eFIRC per payment.
- 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: Dodo Payments does not publish full pricing; Wise Business does.
Which other platforms should you consider besides Wise Business 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 | ₹4,69,654 | 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 | ₹4,67,310 | 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 | ₹4,64,297 | 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 | ₹4,63,919 | 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.
- Wise India: Fees for receiving money (Business), Conversion fee depends on the currency; eFIRC for every transfer; GST 18% of (conversion fee + eFIRC fee); calculator (checked 6 Oct 2026)
- Wise India: Fees for receiving money (Personal), Receiving money feature is currently available only for business customers (checked 6 Oct 2026)
- Wise India: Receive money from abroad in India, Eight currencies, free account details, mid-market rate, eFIRC, under 90 minutes within business hours, eligible company types, 4.14 USD wire saving, regulatory footer (checked 6 Oct 2026)
- Wise Help: How to verify your Indian business to receive payments, Eligible business types and documents (checked 6 Oct 2026)
- Wise India: Pricing (checked 6 Oct 2026)
- Wise price data behind the India receive calculator (USD to INR, business, India), RECEIVE_BANK_TRANSFER 1,000 USD: variableFee 15.68 (1.6%), flatFee 2.0, vat 3.18 (18%), total 20.86; RECEIVE_SWIFT: total 27.93 incl. 6.11 pay-in fee; 100,000 USD: total 1,770.52 after HAT_VOLUME_DISCOUNT -73.23 (checked 6 Oct 2026)
- Wise calculator price data for an Indian business receiving USD (RECEIVE_BANK_TRANSFER to INR), $5,000: conversion fee 78.48 (1.6% of converted amount), flat fee 2.00, GST 14.49, total 94.97; also read at $500 to $100,000 (checked 6 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 Wise Business vs Dodo Payments
Is Wise Business or Dodo Payments cheaper for receiving USD in India?
Dodo Payments does not publish full pricing; Wise Business does. At $2,000: Dodo Payments does not publish full pricing; Wise Business does. At $10,000: Dodo Payments does not publish full pricing; Wise Business does. Figures use each platform's published pricing and today's reference rate, so check both pricing pages before you decide.
Which is faster, Wise Business or Dodo Payments?
Wise Business states: Wise states payments can arrive in under 90 minutes within business hours. Actual timing also depends on the payment method your client uses, cut-off times and bank holidays, so allow extra time for the first payment on either platform.
Do Wise Business and Dodo Payments both provide a FIRA?
Wise Business: eFIRC sent by email for every transfer; 2 USD each in Wise's calculator, plus 18% GST. 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 Wise Business and Dodo Payments authorised by RBI?
Wise Business: States that Wise Payments India Private Limited is an in-principle approved Payment Aggregator - Cross Border and that inward remittance runs through a local bank partner with RBI approval (platform's claim; not found on an RBI page). Dodo Payments: Not confirmed.
Can Indian freelancers use both Wise Business and Dodo Payments?
Wise Business, individuals: Not through Wise Personal: Wise's India receive pricing page says receiving is currently available only for business customers. Individual freelancers can register Wise Business as a 'sole trader / freelancer'. Dodo Payments, individuals: Yes. Eligibility can change, so confirm on each platform's sign-up pages.
Should I switch from Wise Business to Dodo Payments?
Switch only if Dodo Payments pays more on your usual invoice size or fits how your clients pay. Keep the Wise Business account open until every invoice sent with its details is paid, and download your FIRA or FIRC records first.