Landing freelance gigs on Upwork requires more than just a stellar profile. While your skills and experience take centre stage, a well-crafted cover letter can be the secret weapon that sets you apart from the competition.&nbsp;

This guide equips you with expert tips and winning templates for cover letters for Upwork to craft proposals that grab clients' attention and secure those dream projects.

Understanding the Importance of a Cover Letter on Upwork

Defining a Cover Letter in the Freelance Landscape

Cover letters on Upwork serve as introductions, expand your profile, and showcase your suitability for the job, much like in the traditional job market. It's your chance to personalise your proposal, demonstrate your understanding of the project, and showcase what makes you the ideal freelancer for the job.

Why Your Upwork Cover Letter Makes a Difference

Crafting a Winning Cover Letter: Essential Tips

Now that you understand the importance of a cover letter let's delve into the key elements that make it effective:

Add Your Personality (While Remaining Professional)

While professionalism is key, there's no need to be boring. Write in a conversational tone that's respectful but engaging. Avoid starting with dull phrases like "My name is Job Applicant Jean" and instead, let your personality shine through with phrases like “Having helped clients achieve [Specific results] in the past, I believe my skills can be a valuable asset to your [Project Name] project.”&nbsp;

Pay attention to the keywords used in the project description. Subtly integrate these keywords throughout your cover letter for Upwork to improve your proposal's searchability within Upwork's search engine.

Example: Look for keywords in the project description (e.g., "social media marketing"). Subtly weave them into your cover letter to improve searchability within Upwork's search engine. Instead of generic statements like "I have experience in marketing,” go for keyword integration: "I noticed you mentioned a focus on social media marketing and audience engagement. In my previous role, I managed social media campaigns that grew follower bases by 30% through targeted content strategies."

Anticipate potential concerns clients might have and address them directly in your cover letter. This demonstrates your attentiveness and ability to think ahead.

For example, instead of leaving clients wondering with generic statements like "I'm a great writer, trust me,” try addressing concerns like"I understand clear communication is crucial. I provide regular progress updates and keep you informed throughout the project. Feel free to reach out with any questions or concerns."

Instead of a standard sign-off, conclude with a call to action that reinforces your value proposition.

Example: "I'm confident my skills can significantly benefit your project. Let's discuss how I can help you achieve your goals. I'm available for a call at your earliest convenience."

Refine Your Approach: As you gain experience, track what resonates with clients and adapt your cover letters for continued success.

Showcase Your Passion and Understanding of the Client's Industry

Go beyond just listing your skills. Briefly mention what excites you about the client's industry or project type. This demonstrates genuine interest and sets you apart from freelancers focused solely on the job itself.

Example: "I've been following the impressive work your company has done in the sustainability sector, and I'm particularly passionate about [specific aspect of the industry]. My experience in [relevant skill] combined with my enthusiasm for this field allows me to bring a unique perspective to your project."

Highlight Your Skills and Quantify Your Achievements (When Possible)

Don't simply repeat your resume. Briefly showcase your most relevant skills and experiences that directly address the project's requirements. Back up your claims with data. Numbers add credibility and give clients a clearer picture of your impact.

Example: Instead of saying "increased website traffic," quantify it. "I crafted SEO-optimised blog posts that resulted in a 25% increase in organic website traffic for my previous client."

By incorporating these essential tips, you'll craft compelling cover letters that land you the freelance projects you deserve. Remember, a cover letter is an ongoing conversation. Keep personalising and refining your approach to stand out on Upwork!

Sample Cover Letter Templates for Success

These Upwork cover letter samples provide a foundation to build upon, tailored to different freelance specialities.

I am writing to express my interest in your project for [Project Title]. Having reviewed the details, I am confident that my skills and experience in [Your Skills] make me a strong fit for this role.

In my previous work with [Previous Client/Company], | successfully [Describe a Relevant Achievement]. My portfolio showcases a range of projects that demonstrate my ability to [Highlight Relevant Skills]

I am eager to learn more about your vision for this project and discuss how | can contribute to its success. Please find my portfolio attached for your review.

Thank you for your time and consideration.

I came across your project for [Project Title] and was immediately drawn to the opportunity to leverage my expertise in web design. With [Number] years of experience crafting user-friendly and visually appealing websites, I am confident I can deliver exceptional results.

In my previous project for [Previous Client], I designed a website that resulted in a [Quantifiable Achievement] increase in [Metric, e.g., traffic, conversions]. My portfolio showcases my ability to design websites that are not only aesthetically pleasing but also optimised for [Areas of Expertise, e.g. SEO, mobile responsiveness].

I'm eager to discuss your vision for the website and collaborate on a design that exceeds your expectations. Please find my portfolio linked below for your reference: [Portfolio Link]

I came across your project for [Project Title] and was immediately drawn to the opportunity to leverage my content writing skills. With [Number] years of experience crafting engaging and informative content, I am confident I can create pieces that resonate with your target audience and achieve your desired goals.

In my previous role at [Previous Client/Company], I successfully increased website traffic by [Quantifiable Achievement] through the creation of [Type of Content, e.g., blog posts, SEO-optimised articles]. My portfolio showcases my ability to write in various styles and tones, ensuring your content aligns perfectly with your brand voice.

I'm eager to discuss your content strategy and brainstorm ideas that will captivate your audience and drive results. Please find writing samples relevant to your project in my portfolio linked below: [Portfolio Link]

I'm excited to submit my proposal for your [Project Title] project. Having reviewed the details, I am confident my expertise in graphic design can deliver visually stunning and impactful creative assets that align with your vision.

For [Number] years, I've been helping businesses like yours create captivating visuals that elevate their brand identity. In my previous project for [Previous Client], | designed [Type of Design, e.g. logos, social media graphics, website banners] that resulted in a [Quantifiable Achievement] increase in [Metric, e.g. brand awareness, engagement].

My portfolio showcases my design versatility and ability to translate your ideas into effective visuals. I'm particularly skilled in [Areas of Expertise, e.g., brand identity design, illustration, UI/UX design. I'm eager to collaborate with you and bring your design vision to life. Please find a link to my portfolio showcasing relevant design work: [Portfolio Link].

Having reviewed your project for [Project Title], I'm confident my video editing skills and creative vision can transform your raw footage into a compelling and engaging video.

With a passion for storytelling and [Number] years of experience editing videos for [Previous Clients/Companies/Industries], | possess a strong understanding of pacing, transitions, and the power of visuals to capture and hold the audience attention.

In my previous project for [Previous Client], I edited a video that achieved [Quantifiable Achievement] by utilising [Specific Editing Techniques]. My portfolio showcases my ability to edit videos across various styles, from promotional content to explainer videos.

I'm eager to discuss your vision for this project and collaborate on crafting a video that exceeds your expectations. Please find a link to my portfolio showcasing my editing skills: [Portfolio Link].

Note: Adapt the bracketed sections to your specific skill set. Also, while you can use these templates for reference, it's important to make your cover letter very personalised.

By incorporating these tips and templates, you'll be well on your way to crafting compelling cover letters for upwork proposals that land you the freelance projects you deserve. Remember, a cover letter is an ongoing conversation. As you gain experience on Upwork, track what resonates with clients and refine your approach for continued success.

Check out this blog for expert tips and tricks on cover letter templates that will help you craft standout proposals and land freelance gigs on Upwork.

Land Your Dream Freelance Gig: Upwork Cover Letter Guide

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Anoosh Kotak

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Deel is a platform designed for freelancers and companies working globally. From handling various currencies and local regulations to automating invoicing, it can help you save time and work smarter.

Some of the benefits of Deel for Contractors are as follows.

Here’s how you can create a Deel account.&nbsp;

Step-by-Step Guide to Setting Up Your Deel Account

Visit <a href="https://www.deel.com/">Deel’s official website</a>, click ‘login’ and then ‘sign up’ to create your account. You can also use your Google account to sign up.&nbsp;

From the three available options, the 'I'm A Contractor' tab applies to freelancers. Proceed by clicking 'Next’.

Add your name and email address, and create a password. Click on ‘Create Your Deel Account’ upon completion.

Select the contractor type. If you operate as an entity, select the first option. The second option applies to individual freelancers/contractors.

Next, you must share your details and address. Add a backup email to enhance account security and prevent lockouts. Click on 'Complete Profile' once done.&nbsp;

Deel requires a 2FA to ensure your account security. Use an authentication app like Google Authenticator, Authy, or Microsoft Authenticator.&nbsp;

Since Deel works directly with banks and payment providers, you must verify your account. Submit your selfie and a photo of a government-issued ID like your passport. It may take up to 24 hours.&nbsp;

Once you set up your account, you can begin creating <a href="https://www.skydo.com/blog/the-essential-elements-of-a-successful-freelancer-contract">contracts</a>! Here’s how.

Connecting with Clients and Setting Up Contracts on Deel

You can select the following types of contracts.

To activate a Deel contract, the client and contractor must sign it. Deel ensures compliance with local laws and provides proper documentation for a hassle-free experience.

P.S.: If you want to negotiate effectively, check out some successful strategies <a href="https://www.skydo.com/blog/successful-strategies-for-negotiating-freelancing-contracts">here.</a>

Setting up a is easy if you follow these simple steps.

Once your Deel account is set up, you and your client can choose how to process Deel payments. For example, your client can pay through a bank transfer, and you can withdraw it by PayPal, <a href="https://www.skydo.com/blog/increase-freelance-income-zero-markup?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">Skydo</a>, or any other platform of your choice.

Deel Perks offers benefits like health insurance, expense tracking, and a tax advice marketplace. It also has a community so you can connect with fellow contractors.

As a Deel contractor, you can take up more international projects without worrying about the hassles. Ditch the paperwork and get paid securely for all your international projects with Deel.



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<a href="https://www.skydo.com/blog/sole-proprietorship-vs-freelancer?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">An entrepreneur</a> is a jack of all trades who must ensure that every aspect of the business runs smoothly, such as accepting <a href="https://www.skydo.com/blog/what-are-embedded-payments?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">online payments</a> from customers without hassle.&nbsp;

Enter payment aggregators – the game-changers in simplifying the complexities of payment processing.

<a href="https://www.drishtiias.com/daily-updates/daily-news-analysis/payment-aggregators-1">Payment aggregators</a> are payment companies that work as third-party service providers to other companies to ensure their customers can pay online to buy products or services.&nbsp;

A payment aggregator example is when you visit an e-commerce platform and pay online without leaving the app. You can pay for the cart items because an online payment aggregator provides payment services to the e-commerce platform.&nbsp;

Payment aggregators in India work as intermediaries between merchants (businesses), their customers, and the financial institutions customers use to complete online payments.&nbsp;

As it is challenging for a business to partner with every Indian bank and NBFC, they onboard the services of a payment aggregator that serves as a middleman between the businesses, banks, and financial institutions.&nbsp;

Payment aggregators offer numerous payment services to <a href="https://www.skydo.com/blog/customer-journey-mapping-grow-it-business?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">businesses</a>, including debit cards, UPI, credit cards, no-cost EMIs, e-wallets, net banking, bank transfers, and e-mandates. Furthermore, they allow companies to internally pay various stakeholders, such as employees, suppliers, vendors, partners, and other authorities, for compliance.&nbsp;

With an online payment aggregator, <a href="https://worldline.com/en-ca/home/main-navigation/knowledge/knowledge-hub/blogs/what-is-a-payment-aggregator.html">here is how a payment gets processed</a>.

Here are some essential factors to consider before choosing a payment aggregator RBI for your business.

Benefits and Drawbacks of Using A Payment Aggregator&nbsp;

Using a payment aggregator offers several benefits for businesses.&nbsp;

Payment aggregators also provide convenient reporting and analytics tools, enabling businesses to track transaction data, monitor sales performance, and make data-driven decisions to optimise payment strategies.

However, there may be some drawbacks.&nbsp;

Payment aggregators offer businesses a convenient and efficient solution for processing online payments, streamlining operations, and enhancing the customer experience. However, analyse their benefits and drawbacks and compare them based on business-relevant factors to choose the best one for your business. 

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In India, the implementation of the <a href="https://www.skydo.com/blog/how-to-file-gst-monthly-and-quarterly-for-freelancers?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">Goods and Services Tax (GST)</a> in July 2017 marked a significant shift in the country's tax regime. While its impact on domestic transactions is well-documented, its implications for foreign payments are equally profound yet often overlooked.

If you have a business or provide services to foreign clients, it is important to understand how GST can affect foreign remittances.

What is Goods and Services Tax in India? 

In India, the Goods and Services Tax (GST) is a crucial revenue source for the central and state governments. GST is levied on the supply of goods and services, ensuring a broad tax base. The revenue generated from GST contributes significantly to government finances, funding various developmental initiatives and public services across the country.

Goods and Services Tax (GST) is structured as follows in India:

<a href="https://writefreelance.in/gst-freelancers-india/#:~:text=Do%20I%20charge%20GST%20to,no%20liability%20to%20charge%20GST.">No, the Goods and Services Tax (GST) does not apply to a foreign client</a> if you receive foreign remittance for your services in a foreign currency and not INR.&nbsp;

For example, suppose you are a freelancer with multiple foreign clients in different countries. They pay you in their native foreign currency, deposited into your Indian <a href="https://www.skydo.com/blog/set-up-your-freelance-international-bank-account-in-just-5-minutes?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">bank account</a> in INR after conversion. In that case, you have no liability to pay GST on the received amount.&nbsp;

As per the ‘Export of Services’ head defined under Section 2 (6) of the IGST Act, 2017, the following conditions must be fulfilled for an Indian exporter/service provider not to be liable to pay GST when dealing with foreign clients.

However, you must request and receive a foreign remittance certificate from your bank or your digital currency platform for foreign remittance for compliance and tax purposes.&nbsp;

Although a foreign payment may not come with the liability to pay GST, fees related to foreign remittances may be subject to GST, depending on the nature of the service provided.&nbsp;

GST Implications For Different Scenarios&nbsp;

<a href="https://www.skydo.com/blog/time-taken-for-inward-remittances?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">Inward remittances</a> refer to funds transferred or sent into a country from abroad.&nbsp;

No GST applies for entities in India receiving inward foreign remittances in foreign currencies.&nbsp;

For example, if you are a freelancer and a client has paid you $1,200, you are not liable to pay any GST on the amount. This arrangement benefits businesses and service providers as there's no additional GST burden on transactions with foreign clients.

2. Compliance Handling &amp; Certifications (FIRC, BRC)

<a href="https://www.skydo.com/blog/importance-of-fira-for-freelancers?utm_source=blogs&amp;utm_medium=website&amp;utm_campaign=post_link">FIRC stands for Foreign Inward Remittance Certificate</a>, while BRC stands for Bank Remittance Certificate. Banks in India issue both certificates to provide proof of foreign currency remittance. GST applies to compliance handling and certification services.

These forex transactions related to foreign currency conversion attract 18% GST on forex, called GST on currency exchange. If the forex transactions are between banks and designated authorised dealers, there is no liability to pay GST. However, the bank may charge you 18% GST as the service of conversion is still taxable.

While GST on international transactions generally does not apply to the inward remittance amount itself, it may impact related services such as compliance handling, certifications, and currency conversion fees.

It is important for businesses and service providers such as freelancers to deeply understand the implications of tax on currency exchange and GST on foreign payments to streamline their billing process. It also ensures compliance with tax regulations and minimises any potential financial implications for themselves and their foreign clients.



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Karbon Business (formerly Karbon Card) hit the market in 2019, aiming to simplify B2B payments for Indian businesses and freelancers. They’ve since expanded into international payments too. But what exactly does Karbon bring to the table? In this blog, we’ll break down their features, pricing, and how they stack up against alternatives. Let’s dive in!

What does Karbon Business (Formerly Karbon Card) do?

Karbon Business initially started as a corporate card platform, hence the name Karbon Cards. However, since then they have expanded into other b2b offerings including facilitating international business payments for companies and freelancers. It offers both inward and outward remittance services. Let's take a quick look at Karbon Card’s offerings, compliance and pricing:&nbsp;

Karbon Business lets freelancers and businesses receive international payments directly into their Indian bank accounts within 24-48 hours. They’ve partnered with big names like IDFC Bank, Visa, and JP Morgan Chase to streamline cross-border transactions.

But here’s the catch—Karbon business <a href="https://www.karboncard.com/accept-international-payments-india">only supports payments in USD</a>. If you work with clients outside the US, this could be a deal-breaker. While they plan to add 12 more currencies soon, it’s still a limitation for many global businesses today.&nbsp;

With Karbon,&nbsp; businesses make international payments in over 30 currencies. Whether it’s paying employees, contractors, or vendors abroad, Karbon promises a competitive and compliant way to make cross-border payments.&nbsp;&nbsp;

Karbon Business provides corporate cards and payout services tailored for businesses. With Karbon Card, you get up to ₹15 Cr in free credit and unlimited employee cards. Their Karbon Payouts feature enables vendor payments on credit, 24/7 payouts, and more, offering flexibility for business transactions.

Karbon Business is a reliable option for receiving international payments in India. It is backed by partnerships with trusted global institutions and adheres to strict safety and privacy protocols to protect your funds.

Coming to compliance, Karbon Business also offers&nbsp; <a href="https://www.skydo.com/blog/all-you-need-to-know-about-firc-a-complete-guide">FIRA for each transaction</a>.

What is Karbon Business (Formerly known as Karbon Cards) Fees?

Karbon Business offers live forex rates with a <a href="https://www.karboncard.com/accept-international-payments-india">flat 1% fee</a> for receiving international payments. While the pricing sounds competitive, the costs can stack up quickly for larger transactions. For example, receiving $10,000 would cost you ₹8,449 in fees—a steep price for high-value payments.

For outward remittance too, Karbon business charges a <a href="https://www.karboncard.com/outward-remittance-india">fee of upto 1%</a>.&nbsp;

Here’s a quick overview of the pros and cons of Karbon Business as a means to facilitate international transactions:&nbsp;

Karbon Business Alternatives for Receiving International Payments&nbsp;

Now that we’ve explored Karbon Business, its fees, and features, let’s dive into some alternatives to see if there’s a better option for receiving international payments.

Founded in 2005, <a href="https://www.skydo.com/blog/payoneer-payment-gateway-features-fees">Payoneer</a> is a leading payment solution for businesses and freelancers worldwide. It facilitates international transfers by providing users with virtual bank accounts in multiple currencies and integrating with leading marketplaces like&nbsp; Amazon and Walmart&nbsp;

In terms of fees, Payoneer offers free account setup, but transaction fees apply: Payoneer-to-Payoneer payments are free, <a href="https://www.payoneer.com/en-in/about/pricing/">credit card payments</a> incur a 3.2% + $0.49 fee, ACH Bank Debits (US) cost 1%, and virtual account payments are free for EUR/GBP but up to 1% for USD.&nbsp; Withdrawals to local bank accounts attract up to a<a href="https://www.payoneer.com/en-in/about/pricing/"> 3% fee for different currencies.</a> Extra charges like bank or intermediary fees may apply. An annual fee of $29.95 is charged if total payments received are below $2,000 in a year.

To simplify compliance, Payoneer offers free digital FIRAs to Indian businesses and freelancers. However, users have expressed dissatisfaction with <a href="https://www.g2.com/products/payoneer/reviews/payoneer-review-5364712">Payoneer's customer support</a> which some have found to be virtually non-existent.&nbsp;

Skydo is a global payment solution designed to simplify cross-border payments for freelancers and businesses in India. It offers virtual international bank accounts in under 5 minutes and provides a comprehensive payments ecosystem, including payment tracking, invoice generation, and more.

Skydo stands out with live Forex rates and zero currency conversion fees or hidden charges, offering a transparent fee structure that makes it a strong Karbon business alternative in India.

To ensure compliance with RBI and government regulations, Skydo provides free, instant FIRAs available for download after every transaction. Each user is also assigned a dedicated representative to assist with onboarding and address any queries promptly.

However, Skydo currently supports only inward remittances to India, meaning Indian businesses cannot use it for outward payments.&nbsp;

<a href="https://www.skydo.com/blog/transferwise-india-features-benefits-pros-cons">Wise (formerly TransferWise) </a>operates in over 80 countries, offering multi-currency accounts for individuals and businesses. Originally a peer-to-peer remittance platform, it has evolved into a global money transfer solution.&nbsp;

Wise stands out for using mid-market exchange rates without markups, charging a conversion fee averaging around 1-2% of the transfer value. It also provides <a href="https://www.skydo.com/blog/all-you-need-to-know-about-firc-a-complete-guide">digital FIRAs </a>for compliance (e.g., $2.50 for USD transfers), making it a strong alternative to Karbon Business.

While <a href="https://www.skydo.com/blog/top_5_wise_alternatives_for_international_payment">Wise</a> boasts a<a href="https://www.forbes.com/advisor/in/banking/wise-review/"> user-friendly interface </a>and efficient transfers, some users have reported <a href="https://www.g2.com/products/transferwise/reviews?utf8=%E2%9C%93&amp;filters%5Bnps_score%5D=1#survey-response-9454134?no_follow=true">occasional challenges with customer support</a> responsiveness. Here’s a quick rundown of Wise’s pros and cons:

In today’s world, where domestic payments are as easy as a quick scan, international transactions should be just as effortless. At Skydo, we’re not just offering a payment platform—we’re building an ecosystem designed to simplify every step of the process. Let us take care of the payment logistics so you can focus on scaling your business globally.

Before choosing an international payment provider, always compare fees, exchange rate markups, features, and reliability. Your business deserves nothing but the best!

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As a freelancer or an exporter, getting paid on time is the most crucial aspect of your business. Wise (earlier known as TransferWise) is one of the most reliable and popular platforms for receiving international transfers from cross-border clients. But what about affordability? Are Wise transfer charges affordable for your business?

In this blog post, we have broken down the Wise transfer charges using different examples. We have also highlighted the good and not-so-good side of Wise based on real-life reviews so that you can make the right choice for receiving international money transfers. 

Wise Transfer Charges: What do you need to know about them?

Wise takes pride in its transparency, ensuring no hidden fees are included in its pricing. But what are the different components of its transparent fees? Let's find out:&nbsp;&nbsp;

Mid-market exchange rate + Currency conversion fee

Wise considers the<a href="https://wise.com/in/mid-market-rate?no_follow=true"> mid-market exchange rate</a> to convert the value of currency. It is derived as the mid-point of the rate at which bankers are ready to buy and sell a currency. The mid-market exchange rate is real, and fair, and helps you get paid without getting stuck in the quagmire of exchange rate movements.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

In addition to that, Wise charges a conversion fee which differs from one currency to another.&nbsp;

e-FIRC charges (varies across currencies).

e-FIRC is an abbreviation for Electronic Foreign Inward Remittance Certificate. With every transfer, Wise sends you a digital FIRA, which they call an e-FIRC. The charges for e-FIRC are not a fixed fee, it varies according to the currency. For example, if you receive $1,000 from the US, the e-FIRC charges will be $2.50. For receiving €1000, the e-FIRC charges are €2.24.

Along with the above charges, additional fees could be applied to the total cost. These miscellaneous charges are due to the nature of the transaction or bank fees. For example, if you receive $1,000 from a client in the US through a Wire transfer, the Wise fees will be $28.94 – $6 more compared to a Wise account transfer. In the wire transfer payment method, the money is credited to your bank account. Because there are more participating financial institutions, the transfer fee increases marginally.

You can open an account in Wise free of charge, but all the above charges are applicable while making a transfer.

The duration of a Wise payment transfer depends on several factors. These factors include currency conversion (which usually takes up to two business days), the country you're sending money to and from, payment method, security checks, and public holidays and banking hours. Overall, Wise Transfer can take anywhere between&nbsp;<a href="https://wise.com/help/articles/2978029/how-long-does-it-take-to-receive-money-into-a-balance?no_follow=true">&nbsp;1-5 business days</a>.&nbsp;

Wise Transfer Charges: How much do I need to pay to receive global payments in India

With Wise, you can accept payment in international currencies. However, Wise money transfer charges are variable fees, that is they are not fixed and depend on the currency.&nbsp;

Don’t worry we won’t leave you hanging there. We have come up with two examples, using different foreign currencies. This example explains how the charges will differ and the net amount you can expect to receive from the currency transfers.&nbsp; 

Wise Fees for Receiving USD 5000 In India

We used <a href="https://wise.com/in/business/receive-money">Wise’s Transfer Fees calculator </a>to determine the total Wise transfer fee for receiving $5000 in India and the total amount you can expect.&nbsp;

Total fees: $82.7+ $2.5+ $15.34 = $100.54

Total amount to be converted: $5000-$100.54 = $4899.46

Current mid-market exchange rate: 83.5106

You get: 4899.46 X 83.5106= INR 409,156.84

Wise Fees for Receiving Euro 5000 In India

How does the calculation change when a client transfers the same amount albeit in a different currency from Europe? Let’s find out by switching the US Dollar to Euro.

Wise offers two payment methods for receiving payment from European clients: low-cost transfer and Wise account transfer. However, the fees are the same for both methods.

Total fees: €89.9+ €2.24 + €16.59 = €108.73

Total amount to be converted: €5000-€108.73 = €4891.27

Current mid-market exchange rate: 93.2861

You get: 4891.27 X 93.2861 = INR 456,287.50

Wise Transfer Charges Reviews: What people are saying on popular platforms?

Over the years, Wise has built a solid reputation among businesses and freelancers for receiving international payments. But what do the Wise reviews say? We have done the research and summarised it here:

In terms of usability, many users have reviewed it to be easy to use and handle. One user pointed out that is also<a href="https://www.g2.com/products/wise-business/reviews/wise-business-review-3335662?no_follow=true"> fast and cheap</a>. Another user praised the<a href="https://www.g2.com/products/wise-business/reviews/wise-business-review-9007501?no_follow=true"> highest conversion rate</a> Wise offered for the Chilean Peso against the US Dollar and how they can receive the amount in their bank of choice easily.

Based on the negative reviews, Wise has to do much work to improve its customer support response. One customer highlighted the<a href="https://www.g2.com/products/wise-business/reviews/wise-business-review-9219580?no_follow=true"> incompetent nature of customer support and privacy issues</a>. The customer had to keep explaining the issue repeatedly and the support team accidentally revealed someone else’s information. Another user experienced<a href="https://www.g2.com/products/wise-business/reviews/wise-business-review-8730853"> a slow money transfer?no_follow=true</a> due to a sudden change in Wise’s account requisites. The customer was not informed in advance and all the payments got hung up in between with no solution.

In summary, most positive reviews about Wise are around its user-friendly appearance and the overall experience of using the app. On the negative side, many customers have complained about the non-existent customer support and slow money transfers due to the sudden change in account requisites.

Receiving global payments with Wise vs Skydo: Comparing Wise transfer fees with Skydo

Skydo is a great alternative for receiving payment in international currencies in India. You can create an account for free and all the transfer charges are shared with you upfront – no hidden costs.

Skydo charges a flat fee of $19 for transferring up to $2,000 and $29 for payments between $2,001 and $10,001. Moreover, it offers international virtual accounts meaning your clients can transfer money to your account directly like they’re making a local transfer.

Let’s quickly compare Wise and Skydo to find out how much fees each platform charges for receiving the same amount of money in US Dollars.

From the above calculation, it’s clear that Skydo offers better value than Wise and is the least expensive option to receive international transfers. You save $168 in total fees which means an extra income of INR. 14,000.&nbsp;

If you want to get the best value for currency exchange and switch from traditional bank transfer to a more modern, transparent platform, create a free account with Skydo or book a demo with us. 