Compare Export Payment Platforms Side by Side

29 of 29 platforms. Ranked by the INR received on a $5,000 invoice. Estimates and platforms without published pricing follow, unranked.

• 1SkydoCollection accounts₹4,69,8580.68% total costIndian freelancers and exporters receiving mid to large B2B invoices$19 up to $2,000, $29 to $10,000, 0.3% above + GST▾

  Fee

  $19 per payment up to $2,000, $29 from $2,001 to $10,000, 0.3% above $10,000, plus 18% GST on the fee

  FX markup

  Zero FX margin; Skydo states it converts at the live rate with no markup (its India payments page describes this as the live mid-market rate)

  Settlement

  Skydo's FAQ gives standard timelines by local account: to the Skydo virtual account in 1 to 3 business days for USD ACH, EUR SEPA, CAD EFT and AUD, 1 business day for USD Fedwire and GBP FPS, and 1 to 5 business days for SWIFT; then to the Indian bank account in 1 business day for USD, GBP, EUR and SGD, 1 to 2 for CAD, and 1 to 3 for AUD and SWIFT. The homepage states payments are received in less than 24 hours. InstaLinks ACH Debit payments typically settle within 6 business days.

  FIRA

  FIRA issued instantly for each payment, emailed and downloadable from the dashboard; Skydo states it is free

  RBI status

  RBI authorised Payment Aggregator: PA-O 'Skydo' (08.01.2026) and PA-CB Inward and Outward (RBI Certificates of Authorisation list dated 30 September 2026)

  Currencies

  Local accounts in USD (US), GBP (UK), EUR (Europe), CAD (Canada), AUD (Australia), SGD (Singapore) and AED (UAE); 32 currencies via an International SWIFT account; settlement in INR

  Not suited to

  Sellers who need card payments, or who receive many payments under USD 50

  18 head-to-head comparisons belowSource, checked 6 Oct 2026
• 2RazorpayPayment gateways₹4,67,5131.18% total costIndian businesses and freelancers on Razorpay invoicing foreign clients1% per bank transfer (Rs 1,000 flat below Rs 1,00,000) + GST▾

  Fee

  1% per bank transfer (flat INR 1,000 below INR 1,00,000), plus GST; FlashLinks (US) ACH debit 2%; international cards and wallets up to 3% plus taxes

  FX markup

  0% FX markup on MoneySaver bank transfers; Razorpay states it converts at the live exchange rate

  Settlement

  Bank transfers: 'Settlement in 1 day' per the pricing page; docs state T+1 from the time the invoice or invoice details are shared against a payment. FlashLinks (US): settlement in 5 days

  FIRA

  FIRS (foreign inward remittance statement / e-FIRC) sent within 24 hours of settlement and downloadable from the Dashboard; no separate charge listed

  RBI status

  RBI authorised Payment Aggregator, PA-O (19.12.2023) and PA-CB Inward & Outward (Razorpay Payments Private Limited, RBI list of authorised payment system operators)

  Currencies

  Local virtual accounts in USD (ACH), GBP (FPS), EUR (SEPA), plus a SWIFT account (docs list 26 currencies for SWIFT; Razorpay states 30+ currencies overall); AUD, CAD, CHF, DKK, SEK, SGD and AED accounts are listed, with the dashboard docs marking them coming soon

  Not suited to

  Freelancers who receive frequent small invoices well under INR 1,00,000, or who want to hold foreign currency

  Razorpay reviewRazorpay feesRazorpay alternatives18 head-to-head comparisons belowSource, checked 6 Oct 2026
• 3Kotak Mahindra BankBanks₹4,64,4991.82% total costService exporters wanting a current account without inward remittance feesNo inward, FIRC, SWIFT fee on current accounts; GST on conversion▾

  Fee

  No inward remittance, FIRC or SWIFT fee on the Global Service, Global Trade and Startup current accounts; savings accounts list FIRC by branch request at INR 100 (Everyday) or nil (Ace, Everyday+); conversion is at Kotak's card rate, with GST on the currency conversion

  FX markup

  Converts at Kotak's daily card rate (as of 9am, up to USD 10,000 equivalent); markup not published. USD TT buying rate was 94.80 INR on 7 Oct 2026, 1.71% below Wise's 08:30 IST mid-market reading of 96.4486 (1.62% below the 09:30 IST reading of 96.3575)

  Settlement

  Not confirmed. Kotak describes a 'fast turnaround time' through correspondent banks but publishes no credit time

  FIRA

  FIRC at nil cost on the Global Service, Global Trade and Startup current accounts; on savings accounts a FIRC by branch request costs INR 100 (Everyday) or nil (Ace, Everyday+); e-FIRC availability for individuals not confirmed

  RBI status

  Listed by RBI as a private sector bank in India (RBI 'Banks in India' page); authorised dealer status not checked on an RBI page

  Currencies

  Kotak states inward remittances can be received in 17 currencies; its card rate table lists 20 currencies including USD, GBP, EUR, AUD, CAD, SGD, CHF, JPY and AED

  Not suited to

  Freelancers who want local USD or EUR account details, a mid-market rate or a published FX markup

  Source, checked 6 Oct 2026
• 4HDFC BankBanks₹4,64,1211.90% total costExisting HDFC customers wanting free SWIFT receipts or EEFC accountsNo inward charge; physical FIRC INR 200 + taxes; GST on conversion▾

  Fee

  No HDFC charge for inward remittances; an optional physical FIRC costs INR 200 plus taxes (an emailed credit advice is free for trade customers); GST applies to the currency conversion

  FX markup

  Converts at HDFC's card rate (T.T. Buying). On 6 October 2026 USD was 94.68 INR, about 1.79% below Wise's mid-market reading at the time the rate sheet was issued; HDFC does not publish a markup percentage

  Settlement

  HDFC's personal remittance page says 'Your money will reach within 72 hours'; the trade remittances page describes 'fast crediting of funds' through SWIFT and gives no fixed time

  FIRA

  Physical FIRC: INR 200 per FIRC (duplicate INR 500 plus applicable taxes). For trade customers, a credit advice sent centrally by email in place of a FIRC is free. e-FIRC and issuance time: Not confirmed

  RBI status

  Listed by RBI as a private sector Indian bank (RBI 'Banks in India' list, accessed 2026-10-06); Authorised Dealer status not confirmed on an RBI page

  Currencies

  Inward remittances accepted in 22 currencies, including USD, EUR, GBP, AUD, CAD, SGD, AED, CHF and JPY; EEFC accounts available in 21 currencies

  Not suited to

  Clients who expect to pay through local ACH or SEPA details, or users who want rates close to mid-market without negotiating

  Source, checked 6 Oct 2026
• 5Wise BusinessCollection accounts₹4,64,1121.90% total costFreelancers and small exporters wanting multi-currency local accounts and eFIRCCalculator: 1.6% + $2 per payment + 18% GST▾

  Fee

  1.6% conversion fee plus $2 per payment, plus 18% GST (calculator reading, 6 Oct 2026); lower above about $25,000

  FX markup

  Converts at the mid-market rate; the cost is the 1.6% conversion fee

  Settlement

  Wise states payments can arrive in under 90 minutes within business hours

  FIRA

  eFIRC sent by email for every transfer; 2 USD each in Wise's calculator, plus 18% GST

  RBI status

  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)

  Currencies

  Receiving account details in USD, GBP, EUR, AUD, CAD, NZD, SGD and HUF, converted to INR

  Not suited to

  Indian individuals who want a personal (non-business) account to receive money

  Wise Business reviewWise Business feesWise Business alternatives18 head-to-head comparisons belowSource, checked 6 Oct 2026
• 6StripePayment gateways₹4,37,9267.43% total costRegistered Indian businesses selling online to card-paying foreign customers4.3% intl cards; 3% Visa/Mastercard, 3.5% Amex; + 2% if converted▾

  Fee

  4.3% per international card payment with USD or other currency presentment, 3% for Visa and Mastercard cards issued outside India, 3.5% for American Express cards issued outside India, each plus 2% if currency conversion is required

  FX markup

  2% currency conversion fee if conversion is required, on top of a rate Stripe says is generally the third-party-sourced mid-market rate; in certain circumstances Stripe may use the rate at which it sources the currency

  Settlement

  Daily automatic payouts in INR include international card payments processed five business days prior

  FIRA

  Payment advice emailed by Standard Chartered Bank on the day each export payout is processed; Stripe says it can be used to obtain a FIRC. Cost of FIRC not confirmed

  RBI status

  Not confirmed

  Currencies

  Card presentment in 135+ currencies on Visa and Mastercard, INR or USD on American Express; payouts in INR only

  Not suited to

  Unregistered freelancers, or businesses whose foreign clients pay by bank transfer

  Stripe reviewStripe feesStripe alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• 7PayPalWallets₹4,34,9318.07% total costCard and PayPal-wallet payments from overseas PayPal buyers4.40% + USD 0.30 per international payment; fixed fee varies▾

  Fee

  4.40% + USD 0.30 per international commercial payment received (fixed fee varies by currency, e.g. EUR 0.35, GBP 0.20)

  FX markup

  3.0% above PayPal's base exchange rate when converting payments received into another currency

  Settlement

  Not confirmed

  FIRA

  Weekly Digital FIRA free to download from the PayPal business account since Feb 2026; Custom FIRA via Citibank at INR 100 + 18% GST per transaction (up to 20 transactions) or INR 2,000 + 18% GST for more than 20 transactions

  RBI status

  PA-CB in-principle authorisation granted to PayPal Payments Private Limited (RBI application status list, as on 01.10.2026)

  Currencies

  Fixed fees are published for receiving in USD, EUR, GBP, CAD, AUD and other currencies; PayPal states customers can pay from 200+ markets in 130+ currencies

  Not suited to

  Exporters with invoices above USD 10,000 or those wanting low-cost bank transfers from clients

  PayPal reviewPayPal feesPayPal alternatives18 head-to-head comparisons belowSource, checked 6 Oct 2026
• –AirwallexCollection accounts≈ ₹4,70,257EstimateRegistered Indian companies collecting multi-currency and paying suppliers globallyNo USD receive fee; free local payouts; Explore plan no monthly fee▾

  Fee

  No fee to receive USD into a Global Account; free local payouts; Explore plan has no monthly fee (Grow SGD 79/month, Accelerate from SGD 399/month)

  FX markup

  0.60% customer mark-up for INR (0.40% for major currencies such as USD, EUR, GBP), included in the exchange rate, per the Singapore fee schedule; optional API quote-lock premiums of 0.02% to 0.30% are extra; India-specific rate Not confirmed

  Settlement

  Airwallex states about 90% of transfers to India are processed within a few hours to one business day

  FIRA

  No automatic FIRA; FIRC can be requested from support and is issued by Airwallex's banking partner, which may charge a fee that support will quote

  RBI status

  Not confirmed. Airwallex is not on the RBI list of payment system authorisations dated 30 Sep 2026, and its pages make no PA-CB claim

  Currencies

  Receive 20+ currencies from 70+ countries; USD via US ACH/Fedwire and SWIFT; payouts to India in INR

  Not suited to

  Individual freelancers without a registered company

  How the INR figure is shown

  Estimate from Airwallex Singapore fee schedule; no India pricing. Estimate for a USD bank transfer into an Airwallex Global Account, converted to INR and paid out locally in India. Airwallex publishes no India pricing; its eligible countries table maps India to the Singapore entity, so this uses the Singapore fee schedule: 0% receiving fee, a 0.60% INR mark-up included in the exchange rate, and a $0 local payout fee. GST is not stated for Indian customers, so low assumes none and high adds 18% GST on the fee; with a 0% fee both ends land on the same INR. Optional API quote-validity premiums (0.02% to 0.30%), plan fees and any FIRC fee from the banking partner are not included.

  Airwallex reviewAirwallex feesAirwallex alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –Axis BankBanks₹4,64,387 to ₹4,64,735EstimateAxis-banking exporters wanting direct SWIFT receipts and EEFC accountsRs 300 + GST per remittance; nil via OIRM; correspondent charges extra▾

  Fee

  Rs 300 + GST per inward remittance (trade schedule), Rs 250 on the Easy Access Savings Account schedule, no service charge via online OIRM for current accounts; correspondent bank charges extra

  FX markup

  Axis publishes daily corporate card rates: USD TT Buy 94.76 INR on 7 Oct 2026 at 09:23 AM, about 1.66% below Wise's mid-market reading of 96.3575 at 09:30 IST; no markup percentage is published, OIRM users book an online rate, and transactions above INR 25 lakh may get preferential rates through a relationship manager

  Settlement

  States credit to account within 2 hours of submission of complying documents; published turnaround time for trade inward remittance is 1 day

  FIRA

  Fee and timing for a first FIRC/e-FIRA on a standard export remittance Not confirmed; duplicate FIRC/BRC/advice costs Rs 100 each

  RBI status

  States it is an Authorised Dealer Category-I bank (Axis Bank guidance document); not checked against an RBI page

  Currencies

  Nostro accounts in 19 currencies including USD, EUR, GBP, AUD, CAD, SGD, AED, JPY; online rate booking in up to 14 currencies via OIRM

  Not suited to

  Freelancers who want local receiving account details or a published FX rate before getting paid

  How the INR figure is shown

  Estimate: inward fee is Rs 0 online or Rs 300 plus GST, card rate. An estimate for a USD bank transfer into an Axis Bank account. Both ends use the USD TT Buy rate of 94.76 on Axis's corporate forex card rate page (09:23 AM, 7 October 2026), about 1.66% below Wise's mid-market reading of 96.3575 at 09:30 IST. Axis does not publish how it values GST on the currency conversion, so both ends apply the CGST Rule 32 slabs (0.18% up to Rs 1 lakh, Rs 180 plus 0.09% above that up to Rs 10 lakh, Rs 990 plus 0.018% above Rs 10 lakh). The low end has no inward charge, as stated on Axis's Online Inward Remittance (OIRM) page; OIRM users book an online rate, which may differ from the card rate used here. The high end adds the Rs 300 per remittance in the Trade and Forex schedule plus 18% GST (Rs 354). The estimate leaves out the Rule 32 minimum and cap, correspondent bank charges, and preferential rates Axis offers above Rs 25 lakh.

  Source, checked 6 Oct 2026
• –CurrenxieCollection accounts₹4,69,507 to ₹4,70,377EstimateIncorporated businesses holding multiple currencies, often with Hong Kong presenceUSD 0.75 per local collection, USD 8.00 SWIFT, USD 3.00 India payout▾

  Fee

  USD 0.75 per local collection, USD 8.00 per SWIFT payment received or sent, USD 3.00 per local payout (India included), Global Account free

  FX markup

  States it uses the genuine mid-market rate plus a published FX fee: 0.50% for exchanges involving INR (Tier 3), 0.35% for major currencies such as USD, EUR and GBP; INR exchanges are excluded from volume-based FX discounts

  Settlement

  States funds collected through virtual accounts are instantly available in the Global Account and that outgoing payments usually arrive on the same or next business day depending on the beneficiary bank's location; India-specific delivery time is Not confirmed

  FIRA

  Not confirmed. Currenxie does not mention FIRA or FIRC on its pricing page or in its help centre

  RBI status

  Not confirmed. Currenxie does not state any RBI authorisation; it lists licences or registrations in Hong Kong, the UK, Ireland, South Africa, Australia and Canada

  Currencies

  Global Account holds USD, EUR, HKD, GBP, JPY, CAD, AUD, NZD, RMB (CNH), SGD, CHF, NOK, SEK, ZAR and MXN; local receiving accounts in the US, UK, EU, Hong Kong, Australia, Japan, Canada and Mexico; sends local payments in INR to India

  Not suited to

  Indian freelancers and sole proprietors, and anyone who needs FIRA or RBI-regulated inward remittance handling

  How the INR figure is shown

  Estimate from Currenxie global pricing; India onboarding not confirmed. Estimate for a USD bank transfer into a Currenxie Global Account, converted to INR and sent to an Indian bank, from Currenxie's global pricing page. Low: USD 0.75 to collect a local payment plus USD 3.00 to send a local payment to India, with no GST. High: USD 8.00 to receive a SWIFT payment plus the USD 3.00 India payout, with 18% GST on those fees, because Currenxie does not state GST treatment for Indian clients. Both use the 0.50% FX fee for exchanges involving INR; INR is excluded from volume discounts per the volume-based pricing article. Currenxie does not confirm that India-registered companies are onboarded, and it does not serve sole traders or individuals. Non-standard fees are not included.

  Currenxie reviewCurrenxie feesCurrenxie alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –ICICI BankBanks₹4,63,904 to ₹4,64,485EstimateExisting ICICI customers wanting direct SWIFT credit and EEFC optionRs 500 + GST new current accounts; varies; correspondent charges extra▾

  Fee

  Inward remittance processing: Rs 500 plus GST for current accounts opened from August 2025 (Nil for older retail customers, 0.12% with min Rs 2,000 and max Rs 10,000 for large corporate and wholesale customers, Nil on Trade Basic and DigiTrade); a separate SWIFT charge line (Rs 500, or Rs 350 for Wealth Management and Private Banking) does not say whether it applies to inward credits; correspondent bank charges at actuals; GST applies to the currency conversion

  FX markup

  Converted at ICICI's TT buying card rate: USD 94.83 INR at 09:13:29 AM on 7 Oct 2026, about 1.59% below Wise's mid-market reading of 96.3575 at 09:30 IST; ICICI does not publish a markup percentage, and card rates apply up to USD 25,000 or equivalent

  Settlement

  Credited within 1 hour of receiving the disposal instruction and required documents, subject to verification, for eligible transactions (ICICI trade remittances page)

  FIRA

  BIRC for export proceeds and other remittances, FIRC for FDI/FII inflows on request; e-BRC and FIRC Nil on Trade Basic and DigiTrade; the standard trade schedule lists a Rs 500 duplicate FIRC charge only in its capital account section; first BIRC charge on the standard schedule and timing Not confirmed

  RBI status

  Listed by RBI as an Indian private sector bank (RBI 'Banks in India' page); AD Category-I licence not confirmed on an RBI page

  Currencies

  Inward remittances in 24+ currencies; EEFC account in 24 currencies including USD, EUR, GBP, JPY, AUD, CAD, SGD, AED

  Not suited to

  Freelancers who want a fixed, published FX markup or receive many small payments

  How the INR figure is shown

  Estimate: inward fee is Rs 500 or Rs 1,000 plus GST, card rate. An estimate for a USD bank transfer into an ICICI current account opened from August 2025, converted at ICICI's card rate. Both ends use the USD TT Buying rate of 94.83 on ICICI's forex card rate page (09:13:29 AM, 7 October 2026), about 1.59% below Wise's mid-market reading of 96.3575 at 09:30 IST, and GST on the currency conversion from ICICI's wire transfer GST page, which follows the CGST Rule 32 slabs (0.18% up to Rs 1 lakh, Rs 180 plus 0.09% above that up to Rs 10 lakh, Rs 990 plus 0.018% above Rs 10 lakh). The low end adds only the Rs 500 inward remittance charge in ICICI's current account schedule for accounts opened from August 2025, plus 18% GST (Rs 590). The high end also adds the Rs 500 SWIFT charge listed in the same schedule, which does not say whether it applies to inward credits (Rs 1,180 with GST). Older retail, Trade Basic and DigiTrade accounts pay no inward charge and are not modelled. The estimate leaves out the Rs 250 minimum and Rs 60,000 cap on the GST value, correspondent bank charges, and ICICI's limit of USD 25,000 for card rates.

  Source, checked 7 Oct 2026
• –Karbon Business (Karbon FX)Collection accounts₹4,62,829 to ₹4,67,513EstimateExporters and service businesses wanting USD account details and FIRA1% + 18% GST on fee, indicative; varies by country, method▾

  Fee

  Homepage calculator shows a 1% Karbon fee plus 18% GST on that fee (1.18% total), labelled indicative; the fee FAQ says transfer fees vary by sending country, currency and payment method

  FX markup

  Conflicting: freelancer and exporter pages and two Karbon blog posts claim 0% markup at mid-market rates; the Stripe, Payoneer, PayPal and Razorpay comparison pages list a 0.5%-1.0% forex markup; the calculator uses a third-party live rate with an 85.60 INR fallback

  Settlement

  Help centre: typically the same working day by end of day if the INR transfer is submitted before the 3:00 PM IST forex cut-off, otherwise by end of day on the next working day. The homepage says 4-8 hours and the freelancer and exporter pages say 24-48 hours

  FIRA

  States an e-FIRA is issued for every eligible inward transaction, by email and on the dashboard, typically 1 to 2 business days after funds are credited. Cost not stated

  RBI status

  Not confirmed. States it works 'only with PACB-licensed players and regulated banks'. No RBI listing for Karbon or its operating company was checked or found

  Currencies

  States it supports all major currencies except those restricted by RBI. Named currencies include USD, EUR and GBP

  Not suited to

  Users who want a published, fixed price before signing up

  How the INR figure is shown

  Estimate from Karbon's 1% fee and conflicting FX markup figures. Estimate for a USD bank transfer into a Karbon account, converted to INR. Both ends use Karbon's 1% fee plus 18% GST on that fee, as shown by the homepage calculator and Karbon's PayPal vs Karbon case study. Low: 0% FX markup at the mid-market rate, as claimed on the freelancer page and in the Payoneer vs Wise vs Karbon post. High: a 1.0% FX markup, the top of the 0.5%-1.0% range listed on Karbon's Stripe comparison page and PayPal comparison page. Intermediary bank charges and the variable transfer fees mentioned in the fee FAQ are not included.

  Karbon Business (Karbon FX) reviewKarbon Business (Karbon FX) feesKarbon Business (Karbon FX) alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –PayoneerCollection accounts₹4,48,778 to ₹4,68,365EstimateFreelancers and sellers paid via marketplaces or Payoneer clientsConflicting receiving fee: free, fixed or 1%; 3% INR withdrawal▾

  Fee

  USD receiving: conflicting first-party figures (free for India per the India account page; 'fixed fee OR 1%' per the India pricing page; 1%, minimum 1 USD per the global pricing page); withdrawal to an INR bank account 3% per the India fee notice

  FX markup

  India fee notice: 3.00% for withdrawals in a currency different from the bank account currency (effective 20 Oct 2025), included in the conversion rate; the India pricing page still shows 1-4%

  Settlement

  Payoneer says payments for India-based customers are automatically withdrawn to the Indian bank account within 48 hours (India pricing page) or within 24 hours (India multi-currency account page and India onboarding guide)

  FIRA

  Free FIRA/FIRS/NOC downloads in the account under Reports & Statements; the India onboarding guide says Digital FIRCs arrive within 72 hours of an eligible transaction

  RBI status

  States it received RBI in-principle PA-CB authorisation (press release, 22 Jan 2026); not listed on RBI's authorisation list dated 30 Sep 2026

  Currencies

  The India multi-currency account page lists local receiving accounts in USD, GBP, EUR, AUD, CAD, SGD, HKD, AED, CNY and JPY; the site states support for 70 currencies (whether every listed receiving currency is open to Indian users is Not confirmed)

  Not suited to

  Low-volume users receiving under 6,000 USD a year, who pay the annual fee

  How the INR figure is shown

  Estimate from Payoneer's conflicting published fees. Estimate for a USD bank transfer to Payoneer receiving-account details, withdrawn to an INR bank account. Payoneer's own pages conflict, so this is a range. Low: no receiving fee, as the India multi-currency account page says receiving USD is free for customers from India, and a 1% conversion fee, the bottom of the 1-4% range on the India pricing page, with no GST. High: 1% receiving fee with a minimum of 1 USD from the global pricing page, a 4% conversion fee (top of the India pricing page range; the India fee notice gives 3.00%), and 18% GST on the receiving fee, because no Payoneer page states how GST applies. Payoneer includes the conversion fee in its rate, so it is modelled as an FX markup. The unpublished fixed fee on the India pricing page and the 29.95 USD annual fee (if less than 6,000 USD is received in 12 months) are not included.

  Payoneer reviewPayoneer feesPayoneer alternatives18 head-to-head comparisons belowSource, checked 6 Oct 2026
• –WinvestaCollection accounts₹4,67,234 to ₹4,72,149EstimateFreelancers and small businesses collecting under 2,000 monthly per currency0.99% + USD 3 to 2,000/month; 0.2% above 100,000; GST conflicting▾

  Fee

  Per currency, by monthly volume: up to 2,000 a month 0.99% + fixed fee (USD 3, EUR 5, GBP 5, AUD 10, SGD 10); 2,000 to 100,000 a month custom; above 100,000 a month flat 0.2%; 18% GST on fees for non-JPMC accounts per the charges FAQ, applied only to non-USD fees in the product-page calculator

  FX markup

  Product page states '0% forex markup' and 'ZERO FX on USD'; the applied FX rate and booking time are shown after withdrawal; non-USD markup Not confirmed

  Settlement

  USD withdrawals reach the Indian bank 1 business day after processing (1:00 PM IST cut-off); EUR and GBP 2 business days

  FIRA

  Free e-FIRA emailed within 24 hours of funds reaching the Indian bank account, also downloadable from the portal

  RBI status

  States it is an online payment gateway service provider that facilitates cross-border collections under RBI regulations; RBI PA-CB authorisation not confirmed on an RBI page

  Currencies

  Collections in 30+ currencies from 180+ countries per its product page (37+ currencies per its charges FAQ); the product page lists local USD, GBP, EUR, CAD and AUD accounts, while its local-accounts FAQ lists only USD, EUR, GBP and CAD

  Not suited to

  Users collecting between 2,000 and 100,000 a month per currency who want published pricing upfront

  How the INR figure is shown

  Estimate from Winvesta's published monthly volume tiers. Estimate for a USD bank transfer into a Winvesta collections account, converted to INR. Winvesta prices by monthly volume per currency, per its charges FAQ. Low: the cheapest published tier, a flat 0.2% for more than 100,000 a month, with no GST. High: the standard tier for up to 2,000 a month, 0.99% + USD 3 per transaction, with 18% GST on the fee, because the charges FAQ levies 18% GST on fees for every non-JPMC account without saying which accounts those are; the fee calculator (script) and a Winvesta blog post show no GST for USD. Both use the 0% FX markup on USD stated on the product page. The custom-priced middle tier (2,000 to 100,000 a month) is not published.

  Winvesta reviewWinvesta feesWinvesta alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –PayUPayment gatewaysUp to ₹4,56,348Estimate, FX margin not publishedIndian businesses taking international card payments online3% international + 18% GST; custom pricing for higher volume▾

  Fee

  3% for international transactions on the standard plan, plus 18% GST; custom pricing for higher-volume or enterprise businesses based on payment mode, industry type, risk profile, transaction volume, value-added features and processing requirements

  FX markup

  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

  Settlement

  T+2 business days in INR, as PayU states; same-day and priority settlement offered to some business categories, possibly for a fee

  FIRA

  Not confirmed. PayU's public pages do not mention FIRA, FIRC or e-FIRC

  RBI status

  Not confirmed. PA-CB status could not be verified on rbi.org.in, and PayU's pages make no PA-CB claim

  Currencies

  States it accepts payments in over 135 currencies, including USD, CAD, EUR, GBP, CNH and SGD, all settled in INR

  Not suited to

  Freelancers whose clients pay by bank transfer, or users who need a published FX rate and FIRA

  How the INR figure is shown

  Upper estimate from the published 3% + GST card fee; FX margin unpublished. An upper estimate for an international card payment collected through PayU and settled in INR. The PayU pricing page lists 3% for international transactions and states that 18% GST applies on all transactions, so the estimate takes the 3% fee plus GST on it. PayU's international card terms say conversion uses the inter-bank rate decided by the banks or card associations, with no margin over mid-market published, so the estimate assumes no FX margin. The amount received can only be lower than this figure; custom pricing for higher volumes is not modelled.

  PayU reviewPayU feesPayU alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –PingPongCollection accountsUp to ₹4,68,365Estimate, FX margin not publishedIndian marketplace sellers collecting in multiple currenciesFree receiving; 1% withdrawal, may vary by region▾

  Fee

  Account opening and receiving free; withdrawal to your own bank account 1% per transaction per the help centre, which adds the fee 'may vary from region to region' and to check with customer service or your account manager; Amazon seller page says 'all-inclusive rate up to 1%'

  FX markup

  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

  Settlement

  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

  FIRA

  Free digital FIRC per transaction, applied for from the dashboard; the help centre says applications complete in 3-5 business days

  RBI status

  States its India Liaison Office is RBI-approved (UIN BGLO19008226) and that it acts as an OPGSP; RBI PA-CB authorisation Not confirmed

  Currencies

  India pages list receiving in USD, EUR, GBP, AUD, CAD, JPY, HKD, SGD, AED, MXN, PLN and NZD; withdrawal in INR or, via EEFC, USD/GBP/EUR/CAD/AUD/JPY

  Not suited to

  Individual freelancers who want published FX and GST pricing before signing up

  How the INR figure is shown

  Upper estimate from the published 1% withdrawal fee; FX margin unpublished. An upper estimate for a USD bank transfer received into a PingPong account and withdrawn to an Indian bank account. PingPong's help centre says receiving is free and withdrawal to your own bank account costs 1% per transaction, adding that the fee may vary by region. PingPong's Terms and Conditions say conversion is at a rate PingPong determines, with no margin published, and GST on its fee is not stated, so the estimate takes the 1% fee with no FX margin and no GST. The amount received can only be lower than this figure.

  PingPong reviewPingPong feesPingPong alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –AdyenPayment gatewaysPrice on request: card and FX fees are set in Adyen's contractLarge enterprises accepting card and UPI from Indian shoppersIndicative $0.13/txn + Interchange++ + 0.60% for cards; custom pricing▾

  Fee

  Indicative: $0.13 per transaction plus a payment-method fee (Visa/Mastercard: Interchange++ plus 0.60%); custom pricing via sales; minimum invoice depends on industry

  FX markup

  Not confirmed: Adyen converts at its FX reference rate plus an FX management fee (spread); how the spread is calculated is set in the merchant's contract and by default differs by currency category (USD category one, INR category two); no figure is published

  Settlement

  Adyen's docs list INR as the settlement currency for its India acquiring connection, paid out locally to a bank account in India, and say payouts can take up to two days to arrive depending on the currencies and banks involved; no timeline for export receipts is published

  FIRA

  Not confirmed: no FIRA or FIRC provision is published

  RBI status

  States it holds RBI authorisations for domestic (PA-Online) and cross-border outward (PA-CB-Outward) payments; not independently confirmed on an RBI list

  Currencies

  Pricing page lists fees in USD; Adyen states it can link multiple bank accounts in multiple currencies; India offering accepts INR payments from Indian shoppers

  Not suited to

  Indian freelancers and small exporters receiving bank transfers from foreign clients

  How the INR figure is shown

  Price on request: card and FX fees are set in Adyen's contract. Adyen's India pricing page calls its card fees indicative ($0.13 plus Interchange++ plus 0.60% for Visa and Mastercard), and its currency documentation says the FX management fee is set in each merchant's contract, with no figure published. Interchange varies per card, and no Adyen page found describes how an Indian exporter collects from foreign cardholders, so no estimate is shown.

  Adyen reviewAdyen feesAdyen alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –Cashfree PaymentsPayment gatewaysPrice on request; Cashfree's 2023 range was 1% to 1.5%Registered Indian businesses wanting card checkout and bank transfer collectionCollections on request (2023: 1% to 1.5%); cards 2.99% + GST▾

  Fee

  Global Collections: current price on request (a 1 August 2023 Cashfree blog gave 1% to 1.5% by volume for local rails); international cards 2.99% (Visa, Mastercard) or 2.95% (American Express) plus GST, as of 10 August 2026

  FX markup

  Global Collections product page states 'No forex markup' (reference rate not named); for international cards Cashfree applies a foreign exchange conversion charge it does not publish

  Settlement

  International card payments: T+2 days to the Indian bank account, as stated in the IPG docs. Global Collections: the product page says receipts are swept into a NOSTRO collection account, no funds may be retained in the collection accounts, and funds are credited to the exporter's Indian bank account immediately on confirmation from the importer and no later than seven days from the date of credit to the NOSTRO account; a typical settlement time is Not confirmed

  FIRA

  Global Collections: product page says e-FIRA within 1 day, auto-generated at no additional cost; the FAQs say the AD-1 partner issues e-FIRS on T+1 on request through support or the account manager

  RBI status

  RBI authorised Payment Aggregator, including PA-CB for inward and outward transactions (RBI certificates of authorisation list dated 30 Sep 2026)

  Currencies

  Global Collections: 17 currencies listed in the docs, including USD, EUR, GBP, CAD, AUD, AED and SGD (the charges page says 30+); international cards: 140+ currencies, settled in INR

  Not suited to

  Unregistered individual freelancers who want published, fixed pricing for bank transfers

  How the INR figure is shown

  Price on request; Cashfree's 2023 range was 1% to 1.5%. Cashfree's current charges page lists Global Collections as 'Request Price', so no current estimate is shown. Historical estimate for a USD bank transfer through Cashfree Global Collections, converted to INR. Cashfree's charges page shows 'Request Price', so the current fee is not published. The only first-party figure is a Cashfree blog post dated 1 August 2023 giving 1% to 1.5% based on volume for local-rail receipts. Low: 1% with no GST. High: 1.5% with 18% GST on the fee, because no Cashfree page states GST treatment of a Global Collections fee. Both use a 0% FX markup, per 'No forex markup' on the Global Collections page, which does not name the reference rate. Your contract price may differ.

  Cashfree Payments reviewCashfree Payments feesCashfree Payments alternatives18 head-to-head comparisons belowSource, checked 6 Oct 2026
• –InstaremRemittance appsPrice on request: India receive fee set on approval; FX margin unpublishedIndians sending money abroad; approved exporters by applicationStandard receive fee 0.30%, varies; free withdrawal; India rate not confirmed▾

  Fee

  Standard Business Receive fee 0.30%, 'Subject to receiving amount and receiving country'; withdrawal free; the rate for an India-registered business is Not confirmed

  FX markup

  Not published as a percentage; Instarem states 'we do add a small margin to currency exchanges', and the OPGSP terms say the prevailing exchange rate on the date of conversion applies

  Settlement

  Instarem states that for businesses registered with it in India (and Hong Kong, Malaysia, Indonesia), payments received in the global collection account are automatically transferred to the registered local bank account at midnight; the India OPGSP terms say payout starts 'within the time period agreed with the AD-1 Bank'

  FIRA

  Not confirmed; no official Instarem page mentions FIRA, FIRC or e-BRC

  RBI status

  Nium India Private Limited is listed under 'Existing PAs-CB which can operate as Payment Aggregator- Cross Border' with the remark 'Application under process' (RBI status of applications, as on 01.10.2026); consumer arm Nium Forex India states it is licensed by the RBI as a Category-II Authorised Money Exchange Dealer (AD II)

  Currencies

  Business Receive service: USD, AUD, SGD, HKD, JPY, NZD, EUR and GBP (as listed on the India Receive page); paid out to India in INR

  Not suited to

  Freelancers and individuals who need a self-serve way to receive foreign payments

  How the INR figure is shown

  Price on request: India receive fee set on approval; FX margin unpublished. Instarem's fees page lists a standard receive fee of 0.30%, 'Subject to receiving amount and receiving country', and says it adds 'a small margin to currency exchanges' without a figure. Its India receive page says the service is offered on an application and approval basis, and the India OPGSP terms point to an India business page that lists no receive fee. Because Instarem does not publish which fee applies to an India-registered business receiving USD, the 0.30% cannot be used as an upper estimate, and no estimate is shown.

  Source, checked 6 Oct 2026
• –State Bank of IndiaBanksPrice on request: SBI quotes its rate for invoices under Rs 10 lakhExisting SBI exporters wanting low flat charges and EEFCRs 50/IRM to Rs 10 lakh, Rs 500 above, + GST; varies▾

  Fee

  Export remittances for non-export-credit customers: Rs 50 per IRM up to Rs 10 lakh, Rs 500 above; retail inward remittances: Rs 50 per transaction; GST extra on both

  FX markup

  Converts at SBI's rate for the transaction size; the published USD TT Buy of 96.00 (9:10 AM, 7 Oct 2026) is a reference rate for Rs 10 lakh to Rs 20 lakh only and was about 0.37% below Wise's mid-market reading of 96.3575 at 09:30 IST; the rate for amounts under Rs 10 lakh is not published

  Settlement

  Same working day where documents are complete and funds reach SBI's nostro before cut-off, otherwise T+1 (SBI export SOP); retail credits are converted on contacting the branch

  FIRA

  e-FIRC issuance free; for non-export-credit customers Rs 200 when used at another bank (up to Rs 10 lakh) or for usage (above Rs 10 lakh); FIRC issued T+1 of realisation; e-BRC free

  RBI status

  States it handles export and import transactions as an Authorised Dealer Category-I bank (SBI export-import policy); a bank, not a PA-CB

  Currencies

  TT buying rates published for 21 currencies including USD, EUR, GBP, AUD, CAD, SGD, AED, CHF and JPY

  Not suited to

  Freelancers who want local USD, GBP or EUR account details or mid-market conversion on small invoices

  How the INR figure is shown

  Price on request: SBI quotes its rate for invoices under Rs 10 lakh. SBI publishes its inward charge (Rs 50 per IRM up to Rs 10 lakh for non-export-credit customers, Nil for export credit customers, GST extra, in the schedule w.e.f. 1 October 2026), but its forex card rate sheet gives reference rates only for transactions between Rs 10 lakh and Rs 20 lakh and tells customers with smaller amounts to contact the branch. The exchange rate, the largest cost on an ordinary USD bank transfer, is therefore set on request, so no estimate is shown.

  Source, checked 7 Oct 2026
• –TazapayPayment gatewaysPrice on request: collection account fee is set by contractIndian businesses collecting B2B or e-commerce payments from many countriesCollection fee by contract; cards 3.8% + USD 0.5; + other fees▾

  Fee

  Global Collection Accounts: collection fee subject to a signed Pricing Addendum (not published); card payments 3.8% + USD 0.5; alternative payment methods 0.8% to 2.5% (non-high-risk industries)

  FX markup

  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

  Settlement

  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

  FIRA

  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

  RBI status

  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

  Currencies

  Collections in many currencies including USD, EUR, GBP, AUD, CAD, AED; settlement in INR listed as supported

  Not suited to

  Individual freelancers wanting published, fixed bank-transfer pricing and FX rates

  How the INR figure is shown

  Price on request: collection account fee is set by contract. Tazapay's Schedule A - Fees and Assessments lists the Global Collection Accounts collection fee as 'Subject to Pricing Addendum', its pricing page shows 'Contact sales' for collection accounts, and its FX article publishes no margin. The core price of receiving a USD bank transfer is therefore private, so no estimate is shown. Published extras include a USD 4 FIRC for Indian customers and USD 35 for wire settlements below USD 10,000.

  Tazapay reviewTazapay feesTazapay alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –DeelMerchant of record and otherContractor payout: INR rate set at withdrawal, no published marginIndian contractors whose foreign client pays through DeelClient pays $49/contractor/month; withdrawals $0 local, $5 cross-border, $5 to $10 SWIFT▾

  Fee

  Deel's published plan pricing is for the hiring company ($49 per contractor per month on the contractor plan); contractor withdrawal fees: $0 local bank transfer, $5 cross-border, $5 to $10 SWIFT

  FX markup

  No numeric margin published for contractor withdrawals; Deel says exchange rates apply when withdrawing in a currency other than the contract currency, vary by processor and market, and are shown as an estimate before confirming. The forward rate Deel applies when a client funds an invoice in another currency is a separate, client-side stage

  Settlement

  Shown per withdrawal as a Dynamic ETA, which may slip by a business day or two; India-specific timing Not confirmed. Withdrawals to IndusInd Bank may take an extra 10 business days if the bank requests documents

  FIRA

  No FIRA from Deel; it provides a NOC (only if requested when adding the bank transfer withdrawal method) that is forwarded to the receiving bank for issuance of a FIRC

  RBI status

  Not confirmed; Deel does not appear on the RBI list of certificates of authorisation dated 30 Sep 2026

  Currencies

  Contractor withdrawals in INR, USD and more than 100 other listed currencies (including BTC, ETH and USDC); not every method supports every currency

  Not suited to

  Freelancers whose clients do not use Deel, or who need a published INR conversion rate

  How the INR figure is shown

  Contractor payout: INR rate set at withdrawal, no published margin. Deel is a contractor payment platform: the hiring company pays the plan price ($49 per contractor per month, Deel pricing) and the contractor withdraws the balance. Withdrawal fees are $0 for local bank transfers (separate provider fees may apply in certain currencies), $5 cross-border and $5 to $10 for SWIFT (About Withdrawal Fees and Withdrawal Minimums). Deel publishes no margin for converting a USD balance to INR; it says rates vary by processor and market and are shown as an estimate before confirming (Frequently Asked Questions about Withdrawals). GST is not stated, so no INR estimate is shown.

  Source, checked 7 Oct 2026
• –Dodo PaymentsMerchant of record and otherMerchant of record: USD payout, your Indian bank sets the INR rateIndian founders selling SaaS and digital products worldwide4% + 40c + other fees; payout $5 below $1,000, $25 SWIFT▾

  Fee

  4% + 40c per card or wallet sale, +1.5% for cards and APMs outside the US, +0.5% for subscriptions, +3% for BNPL or PayPal, all calculated on the total including sales tax; ACH and SEPA direct debit 1.5% (capped $15 or EUR 15); India INR cards and UPI 4% + 15c (+international payment fees); payout fee $5 below $1,000, $25 for USD SWIFT payouts to non-US businesses

  FX markup

  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

  Settlement

  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

  FIRA

  Not confirmed (no FIRA, FIRC or e-FIRC mention found on official pages)

  RBI status

  Not confirmed

  Currencies

  Customers can pay in 80+ currencies; payable balances and payouts are in USD, GBP and EUR only (INR payout wallet discontinued)

  Not suited to

  Freelancers and agencies paid by bank transfer for client services or invoices

  How the INR figure is shown

  Merchant of record: USD payout, your Indian bank sets the INR rate. Dodo Payments is a merchant of record for digital products, not a receiver of a client's USD bank transfer. It keeps 4% + 40c per card or wallet sale, plus 1.5% for cards outside the US and 0.5% for subscriptions, on the total including tax, with a $5 fee on payouts under $1,000 and $25 for USD SWIFT payouts (Dodo Payments Pricing). The INR payout wallet is discontinued; payouts leave in USD, GBP or EUR and the receiving bank converts on arrival at its own rate (Dodo Payments Docs: Payouts Process; Dodo Payments Docs: FAQ). GST on Dodo's own fees is not stated, so no INR estimate is shown.

  Dodo Payments reviewDodo Payments feesDodo Payments alternatives18 head-to-head comparisons belowSource, checked 7 Oct 2026
• –Lemon SqueezyMerchant of record and otherMerchant of record: final INR depends on payout route and conversionSoftware and digital product sellers wanting a merchant of record5% + $0.50 per sale, +1.5% non-US; payout 1% + other fees▾

  Fee

  5% + $0.50 per sale on the total order value including tax, +1.5% for transactions outside the US, +1.5% PayPal, +0.5% subscriptions; payout fee 1% (non-US bank) or 3% capped at $30 (non-US PayPal)

  FX markup

  Checkout: prices shown in other currencies are charged in USD at real-time mid-market rates with no additional conversion fee; bank payouts in a non-USD currency are converted at the mid-market rate at payout (any margin within the 1% non-US payout fee is not stated); PayPal payouts are in USD and PayPal may charge its own conversion and withdrawal fees

  Settlement

  Payouts are created on the 1st and 15th of each month and paid out on the 14th and 28th; net sales are held 13 days first, and payouts can take 1-5 days to appear in the bank account. Timing specific to Indian bank accounts: Not confirmed

  FIRA

  Not confirmed. Lemon Squeezy does not mention FIRA or FIRC; any inward remittance certificate would come from the receiving Indian bank

  RBI status

  Not confirmed. No RBI authorisation for Lemon Squeezy found or stated on its pages

  Currencies

  Sources conflict on the number of selling currencies: the pricing page says up to 95, the currencies help page says 130 (INR included); all checkout transactions are processed in USD; bank payouts are made in USD or converted to a chosen currency; PayPal payouts are in USD

  Not suited to

  Freelancers and agencies invoicing foreign clients for services (services are a prohibited product category) or receiving direct bank transfers

  How the INR figure is shown

  Merchant of record: final INR depends on payout route and conversion. Lemon Squeezy is a merchant of record for digital products, not a receiver of a client's USD bank transfer. It keeps 5% + $0.50 per sale on the total order value, plus 1.5% outside the US, 1.5% for PayPal and 0.5% for subscriptions, then 1% per non-US bank payout or 3% capped at $30 per non-US PayPal payout (Lemon Squeezy fees). Indian bank payouts need a Stripe account that Stripe has approved; otherwise payouts go to PayPal in USD and PayPal applies its own conversion (Lemon Squeezy supported countries; Lemon Squeezy currencies). Any margin inside the 1% payout fee and GST on its fees are not published, so no INR estimate is shown.

  Source, checked 7 Oct 2026
• –PaddleMerchant of record and otherMerchant of record: USD payout, your Indian bank sets the INR rateIndian software and SaaS companies selling online worldwide5% + $0.50 per checkout sale; $15 per international bank payout▾

  Fee

  5% + $0.50 per Paddle Checkout transaction; 3.5% for Paddle Invoicing paid by bank transfer (MSA updated 6 Oct 2026); custom pricing for high volume and bespoke pricing for products under $10; $15 per international bank transfer payout

  FX markup

  Three separate stages: buyer currency to Payment Currency at the Open Exchange Rates mid-market rate plus 2% (USD, EUR, GBP), 2.5% (CZK, DKK, NOK, THB) or 3% (other currencies); up to 1.5% only if the payout currency differs from the Balance Currency; INR is not offered, so a USD payout to India carries no Paddle payout conversion and the Indian bank converts to INR at its own rate

  Settlement

  Balance converts to a payout on the 1st of each month if above the threshold (minimum $100); Paddle sends it by the 15th and funds arrive up to 3 working days after it is marked sent

  FIRA

  Not confirmed. Paddle does not state that it issues a FIRA or FIRC; it provides monthly statements, reverse (self-billing) invoices and a remittance advice. Any FIRA would come from the receiving Indian bank.

  RBI status

  Not confirmed. Paddle acts as merchant of record and does not appear as an Indian payment aggregator on any page reviewed.

  Currencies

  Help centre lists payouts in 13 currencies: AUD, GBP, CAD, CNY, CZK, DKK, EUR, HUF, PLN, ZAR, SEK, CHF and USD (no INR); the MSA defines the account Payment Currency as USD, EUR, GBP, CAD or AUD

  Not suited to

  Freelancers, agencies and consultants selling services rather than software

  How the INR figure is shown

  Merchant of record: USD payout, your Indian bank sets the INR rate. Paddle is a merchant of record for software, not a receiver of a client's USD bank transfer. It keeps 5% + $0.50 per Paddle Checkout sale, or 3.5% for Paddle Invoicing paid by bank transfer (Paddle Master Services Agreement, clause 3.2; Paddle pricing). INR is not a payout currency, so the balance is wired to India in USD with a $15 international transfer charge (Is there a fee taken for payouts?; Can I be paid in my local currency?) and the Indian bank converts it at its own rate. Paddle publishes no INR rate and no GST treatment of its fee, so no INR estimate is shown.

  Source, checked 7 Oct 2026
• –RemitlyRemittance appsNot for business: Remitly is for personal, family or household transfersFamily and personal remittances from the US to IndiaSender pays $3.99 below $1,000, $0 from $1,000; recipient charges not confirmed▾

  Fee

  Paid by the US sender: $3.99 below $1,000 and $0 at $1,000 or more for USD to INR, as shown on Remitly's USD to INR page (rates subject to change); nothing is charged to the Indian recipient according to published pages (recipient-side charges Not confirmed).

  FX markup

  Markup not published; Remitly's user agreement states it may earn from the difference between the rate at which it buys currency and the rate given to the customer.

  Settlement

  Delivered to Indian bank accounts, UPI or cash pickup; Remitly shows a promised delivery time per transfer and refunds its fee if late. Specific timings Not confirmed.

  FIRA

  Not confirmed. Remitly does not state on its pages that it issues FIRA or e-FIRC to Indian recipients.

  RBI status

  Not confirmed. Remitly is not shown as an RBI PA-CB authorised entity on any page reviewed.

  Currencies

  Consumer US to India corridor sends USD and pays out INR; Remitly Business states it pays to 175+ countries in 100+ currencies from the US.

  Not suited to

  Indian freelancers, agencies and exporters collecting payments from foreign clients

  How the INR figure is shown

  Not for business: Remitly is for personal, family or household transfers. Remitly's consumer service is a sender-initiated remittance limited to personal, family or household purposes (Remitly User Agreement), so it is not a route for an Indian business to receive export or client payments. Its business product is for US companies paying people abroad, not for Indian recipients (Remitly Business). The $3.99 fee below $1,000 is paid by the US sender (Remitly USD to INR rates and fees) and the FX markup is not published, so no INR estimate is shown.

  Remitly reviewRemitly feesRemitly alternatives18 head-to-head comparisons belowSource, checked 6 Oct 2026
• –RevolutMerchant of record and otherNot for business: Revolut India terms bar business use of the accountIndian residents using an INR wallet and forex cardNot confirmed; India terms bar business use▾

  Fee

  Not confirmed. No published fee for receiving international payments in India; paid plans are Plus ₹499/year, Premium ₹2,499/year and Metal ₹9,999/year plus taxes

  FX markup

  Not confirmed for inward payments; the India site does not publish an inward conversion rate

  Settlement

  Not confirmed. No inward international settlement to an Indian bank account is described on the India site

  FIRA

  Not confirmed. No FIRA or FIRC is mentioned on Revolut India pages

  RBI status

  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

  Currencies

  INR wallet; multi-currency forex card that the India site says works in 130+ countries across 30+ currencies

  Not suited to

  Freelancers, agencies and exporters who need to receive payments from foreign clients

  How the INR figure is shown

  Not for business: Revolut India terms bar business use of the account. Revolut India's personal terms say a Revolut Account cannot be used for business purposes and that its PPIs can only be used for payments in Indian Rupees (Revolut India personal terms). Revolut India publishes no product for receiving a foreign client's USD transfer, and its fee schedule lists no inward international payment fee or FX markup (Revolut India Personal Fees (Standard)), so no INR estimate is shown.

  Revolut reviewRevolut feesRevolut alternatives18 head-to-head comparisons belowSource, checked 6 Oct 2026
• –TransFiMerchant of record and otherNot available in India: not on TransFi's supported countries listBusinesses using an API for collections, payouts and stablecoin conversionNot published; India not on supported countries list▾

  Fee

  Not published; fees are agreed per business customer

  FX markup

  Not confirmed; no FX markup is published

  Settlement

  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

  FIRA

  Not confirmed; no FIRA or FIRC is mentioned on TransFi's official pages

  RBI status

  Not confirmed; TransFi's policy page lists an affiliate, Trans-Fi India Private Limited, but documents no RBI authorisation

  Currencies

  States 40+ currencies and 100+ tokens on its payment methods page (the homepage states 130+ digital assets); INR support for collections or payouts not confirmed

  Not suited to

  Indian freelancers or exporters who need a documented INR payout, FIRA and RBI-regulated inward remittance

  How the INR figure is shown

  Not available in India: not on TransFi's supported countries list. India is not on TransFi's supported countries list (updated 4 August 2026) (TransFi Docs: Supported Countries), so an Indian business cannot use it to receive export or client payments. TransFi also publishes no fee schedule: its agreement defines Fees as "any fees as agreed by the Parties" (TransFi Business Services Agreement). No INR estimate is shown.

  TransFi reviewTransFi feesTransFi alternatives18 head-to-head comparisons belowSource, checked 6 Oct 2026
• –Western UnionRemittance appsNot for business: RBI MTSS bars trade related remittancesPersonal and family remittances sent to India from abroadReceiver free; sender fees vary; MTSS bars trade remittances▾

  Fee

  Receiver pays no fee; sender fees vary by country, channel and amount and are not published as a fixed schedule

  FX markup

  Not published as a percentage; Western Union states it also makes money from currency exchange

  Settlement

  Not confirmed. The India FAQ says bank deposits are made automatically but gives no timeline

  FIRA

  Not confirmed. India pages do not mention FIRA, FIRC or any inward remittance certificate, and MTSS bars trade related remittances, so it is not a route for export proceeds

  RBI status

  Inbound transfers are paid in India under the RBI Money Transfer Service Scheme (MTSS) through RBI-authorised Indian Agents; Canara Bank states its branches handle Western Union inward remittances under MTSS. Western Union's own RBI authorisation status was not checked on an RBI list

  Currencies

  Senders pay in their local currency; receivers in India get INR (as cash or bank deposit)

  Not suited to

  Freelancers, exporters and businesses: the RBI MTSS direction states 'trade related remittances ... shall not be made through this arrangement'

  How the INR figure is shown

  Not for business: RBI MTSS bars trade related remittances. Inbound Western Union transfers to India are paid under the RBI Money Transfer Service Scheme. Its para 3.4(a) says "trade related remittances ... shall not be made through this arrangement", para 1.1 limits remitters and beneficiaries to individuals, and paras 3.4(b) and 3.4(c) cap each transfer at USD 2,500 and 30 receipts a year (RBI Master Direction: Money Transfer Service Scheme; Canara Bank: Remittance through Western Union and Ria Money). It cannot be used to receive export or client payments, so no INR estimate is shown. Receiving is free and the sender pays all fees (Western Union India FAQ: Receive money).

  Source, checked 6 Oct 2026