International Payment Fee Calculator for Exporters

The international payment fee calculator takes each platform's published fee out of the foreign-currency amount first. The remaining amount is converted at the mid-market rate minus that platform's FX markup. Where the platform charges GST, 18% of the fee is then deducted in INR. The result is compared with the full amount at the mid-market rate.

INR received = (amount - fee) x mid-market rate x (1 - FX markup %) - 18% GST on the fee in INR, where fee = amount x fee % + fixed fee for the pricing tier that covers the amount

For example, take $1,000 at an example rate of 1 USD = 96 INR, which is ₹96,000 at mid-market. A platform charging 1%, a 0.5% FX markup and GST on the fee takes ₹960 in fee, ₹475.20 through the markup and ₹172.80 in GST, so ₹94,392 arrives. A platform charging 3% plus $0.30, a 2% markup and GST on the fee leaves about ₹90,706, which is ₹3,686 less.

1. Enter the invoice amount exactly as the client will send it, before any deductions.
2. Choose the invoice currency. Only platforms whose own published pricing covers that currency show an INR figure; others that accept it are listed without one.
3. Read each platform's row: fee, FX markup cost, GST on the fee and INR received.
4. Check the difference column to see how much more INR each platform delivers than the platform with the highest total cost.
5. Open the platform's own pricing page from the table and confirm the fee and payment method before you invoice.

The international payment fee calculator result shows how much of one payment reaches your bank in INR on each platform. A lower total cost percentage means more rupees received. The difference column shows the money at stake on this single payment. Small invoices usually show larger percentage gaps because fixed fees weigh more on them.

• Total cost: Fee, FX markup and GST together, measured against the full amount at the mid-market rate.
• FX markup: A platform with a low listed fee can still cost more if its exchange rate sits well below mid-market.
• GST: Shown separately so you can match it against the GST line on the platform's own invoice.
• Difference: Multiply the gap by the number of payments you expect in a year to see the yearly effect.

• Rates used: The mid-market benchmark is the European Central Bank reference rate, updated around 16:00 CET each working day. The ECB publishes these rates for information only, so your actual rate will differ slightly.
• Taxes included: 18% GST is added to a platform's fee where its pricing says GST applies. For banks, GST on the currency conversion, valued under CGST Rule 32(2), is included in the bank's fee figure.
• Payment type: Each row models one payment type the platform publishes pricing for, such as a bank transfer to local account details or an international card payment. The table states which.
• Not covered: Intermediary bank charges on SWIFT wires, your own bank's inward credit charges, FIRA or FIRC fees and income tax are left out.
• Pricing date: Fees are taken by hand from each platform's own pricing pages. The date they were last checked is shown on the page.

• Fee only: Comparing listed fees and ignoring the FX markup, which can be the larger cost.
• Bank rate: Treating a bank's card or TT buying rate as the mid-market rate. The card rate already includes the bank's margin.
• Missing GST: Leaving out 18% GST on the fee, which raises the fee cost by nearly a fifth.
• Small invoices: Assuming the percentage cost stays the same at every size. Fixed fees take a bigger share of small payments.
• Tax figures: Using the calculator result as a figure for GST returns or income tax. Use the platform's invoice and the FIRA instead.

Two sets of rules shape the international payment fee calculator. CGST Rule 32(2) sets the taxable value of a currency conversion, so banks add GST on conversions. The FEMA export regulations, 2026 require full export value of services to be realised within nine months of the invoice, and Regulation 6 lets your AD bank allow a reduced realisation.

Related guides: fx markup on export payments, gst on payment gateway charges, what is mid market rate, cheapest way to receive usd in india.

Every rule and fee is linked to its official or first-party source below with the date it was checked. Exchange rates are dated 4 Nov 2026. The full method is on the methodology page.

1. European Central Bank: Euro foreign exchange reference rates, The reference rates are usually updated at around 16:00 CET every working day, except on TARGET closing days. The reference rates are published for information purposes only. Using the rates for transaction purposes is strongly discouraged. (checked 8 Oct 2026)
2. CGST Rules, 2017: Rule 32 (determination of value in respect of certain supplies), Rule 32(2)(a): value of money changing is the difference between the buying or selling rate and the RBI reference rate, multiplied by the units of currency. Rule 32(2)(b), at the supplier's option: 1% of the gross amount up to Rs 1 lakh (minimum Rs 250); Rs 1,000 and 0.5% above Rs 1 lakh up to Rs 10 lakh; Rs 5,500 and 0.1% above Rs 10 lakh (maximum Rs 60,000). (checked 8 Oct 2026)
3. RBI Notification No. FEMA 23(R)/2026-RB: Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (amended up to 22 September 2026), In force from 1 October 2026. Regulation 5(1)(a): full export value of services realised and repatriated within nine months from the date of invoice. Regulation 6: AD bank may allow reduction in realisation on reasons cited; where the export value is up to Rs 10 lakh per invoice, reduction may be permitted based on a declaration from the exporter. Regulation 19(3): AD bank charges to be reasonable and proportional. (checked 8 Oct 2026)