In 2025, enterprise finance teams are waking up to a simple fact: the old ways won’t suffice anymore. Checks are fading fast, but digital rails haven’t fully taken over. The latest AFP Digital Payments Survey shows that only 26% of B2B disbursements are still made by check – a sharp drop from 33% just three years ago. In other words, checks now make up roughly one-quarter of B2B spend, down 7 points since 2022. Meanwhile, a full <a href="https://www.financialprofessionals.org/training-resources/resources/survey-research-economic-data/Details/digitalpayments#:~:text=%2A%20Looking%20ahead%2C%2076,in%202022">76% of organisations</a> report they will “update their payments strategy” within the next three years.&nbsp; Finance leaders increasingly recognise that a modern enterprise payment strategy must evolve beyond legacy systems and manual processes.

However, a deeper look at the data reveals a disconnect.  Only about 22% of companies say “most of their eligible B2B payments are digital” – roughly the same share as in 2019.  In short, even as check usage retreats, the pace of overall digital adoption has flat-lined.  This gap suggests that many firms still rely on checks or paper-based methods for a large slice of transactions, even as they plan to overhaul their payments programs.  Finance teams need to ask: What’s holding us back, and how can we reset our core payments approach?

Over the last two decades, checks have gone from dominant to minority status. The <a href="https://www.jpmorgan.com/content/dam/jpmorgan/images/payments/afp-digital-payments-survey-2025/2025-afp-digital-payments-survey-report-ada.pdf?">AFP survey </a>charts show that in 2004, over 80% of B2B payments were by check – today it’s only 26%. For corporate collections (incoming payments), the trend is similar: just 25% of customers now pay by check, down from 30% in 2022.

Source: <a href="https://www.jpmorgan.com/content/dam/jpmorgan/images/payments/afp-digital-payments-survey-2025/2025-afp-digital-payments-survey-report-ada.pdf">2025 AFP Digital Payments Survey Report, Underwritten by JP Morgan</a>

 This shift reflects growing trust in digital payments – faster networks, ERP systems, and bank integrations – but also the aftermath of external pressure.  For example, a 2025 U.S. Executive Order mandates that federal disbursements go fully electronic by Sept. 2025, sending a strong signal.

Despite the clear downward trend, the real surprise is how slow the flip has been. The survey notes that “the trend toward moving all eligible payments to digital methods has shown only modest growth”. In 2022, 24% of U.S. firms said most of their supplier payments were already digital; by 2025, that number fell to 22%. In other words, the share of companies fully embracing digital B2B payments hasn’t budged. That plateau suggests many organizations have digitized the easy part of their payments, but the last miles (smaller payees, legacy flows, edge cases) still run on paper.

The stubborn reliance on checks (and similar manual methods) isn’t due to ignorance – it’s a mix of practical barriers. <a href="https://www.nacha.org/news/over-21-years-massive-drop-b2b-check-payments-study-finds#:~:text=What%E2%80%99s%20holding%20back%20the%20stragglers%3F,accepting%20new%20processes%20and%20technologies">Survey respondents </a>highlight that vendors and customers often resist change. Many small suppliers “do not have the overhead to process several forms of electronic payment,” and may lack the necessary infrastructure or simply prefer the familiarity of checks. In fact, industry analysts note that common hurdles include the high cost of replacing old technology, the difficulty of onboarding small trading partners, and the straightforward comfort of familiar check workflows.

Other roadblocks stem from corporate IT.  Legacy accounting and ERP systems can be expensive to retool, making even migrating payment file formats (e.g. updating batch files to ISO-standard XML) a major project.  Many firms still lack real-time payment confirmation tools, so they stick with what they know.  A finance director quoted in the AFP survey put it bluntly: “We recognise the long-term benefits of digital payments – cost savings, speed and transparency – but the short-term disruption and upfront cost create a barrier to rapid adoption.”

In short, the barriers to going digital are often cultural and technical: smaller suppliers reluctant to change, entrenched legacy systems, and established check-based approval workflows.  These factors keep many organisations from fully committing to accounts payable automation and straight-through processing.  Until these obstacles are addressed, the bulk of B2B payments will not move online.

Rethinking Your Enterprise Payment Strategy

The good news is that nearly three-quarters of companies realize they need a new playbook.  According to the AFP, 76% of enterprises plan to refresh their payments strategy within three years.  That’s a mandate to action.  Finance and treasury leaders are now defining a baseline: what mix of payment rails do we use today, and what do we need tomorrow?  They’re also exploring new payment rails and channels – everything from real-time payments and RTP® networks to blockchain pilots and expanded global wires – to find faster, more secure alternatives.

Key strategic steps emerge from the survey insights.  Companies are focusing on:

These priorities are not pie-in-the-sky – they reflect practical projects Treasury and AP teams can do.  For example, defining baseline rail usage might start as a simple internal audit of AP/AR flows.  Expanding file formats could mean working with your bank or TMS to accept ISO files.  Each step lays the groundwork for broader change.

One concrete tactic many organisations are pursuing is check-to-ACH conversion.  Replacing outgoing checks with ACH transfers is low-hanging fruit: it cuts fraud risk, automates reconciliation, and is supported by virtually all suppliers.  Some companies even set policies like “max 10% of AP volume by check” to force migration.  Accounts payable teams can accelerate this by offering incentives (like earlier payment terms) for ACH invoices, or by implementing vendor portals that make ACH enrollment easy.

At the same time, accounts payable automation is becoming central to the strategy reset.  AP automation tools (often cloud-based) let firms route invoices, approvals and payments electronically, without rekeying.  In practice, this means invoices hit an AP portal or workflow instead of an inbox.  Once digital, payments can be routed via the best rail automatically (for example, client bills go via ACH, vendor refunds via RTP®).  This reduces human touch points and makes it easier to enforce payment policy changes.

Naturally, any major AP overhaul requires change management, but many recent surveys find that the ROI on AP automation is persuasive.  Fewer checks means fewer manual sign-offs, less postage, and lower error rates.  And with audit trails and reporting built in, controllers get visibility they never had with paper.  As one finance executive put it, the real gain isn’t just cost savings – it’s freeing up team bandwidth for strategic tasks.

The Digital Plateau: Addressing the Flatline

Despite these efforts, the AFP data remind us that digital adoption has stalled at around 20–25%.  Why?  Even companies on board with the vision often find only incremental progress.  For instance, the survey notes that the proportion of firms expecting to “convert all eligible payments to digital” over the next three years is still only about 72% – hardly higher than 2022.  Many organisations have already digitalised their large payments (high-volume, repeat suppliers) but struggle with the tail of low-volume vendors.

To break through the plateau, some treasurers are taking bold steps.  They negotiate with their 80/20 of suppliers, or invest in onboarding services for small businesses (outsourced banking portals, OCR for checks, even digital wallets).  Others implement flexible rails for small vendors – for example, sending B2B payment links or using virtual cards with dynamic limits.  Essentially, the goal is to make it as easy as possible for any payee to accept non-check funds.

Conclusion: Modernizing Without the IT Headache

Reimagining enterprise payments doesn’t always require a ground-up system rewrite.  Many firms are proving that incremental, focused changes to the core can pay off immediately.  For example, a mid-market company might start by automating vendor enrollment onto ACH, updating its ERP to support ISO files, and retraining AP staff on new policies.  Over time, those steps accumulate into a real transformation.

In fact, platform solutions are emerging to help organisations “operationalise” modern B2B payments without a massive IT lift.  These cloud-based hubs connect ERPs, banks and suppliers to multiple rails and currencies.  For instance, platforms like Skydo now offer virtual global accounts, automated invoicing, and multi-rail payment routing.  A finance team in India can use such a platform to receive international payments, international invoices (achieving “check to ACH” or cross-border transfers) while automatically generating compliance docs – without rebuilding their back-end.  The key is that these tools plug into existing workflows, gradually phasing out paper checks.

In 2025, the message is clear: finance teams must modernise their core or risk falling behind.  The declining check usage proves the demand is there, and three-quarters of firms are already resetting their strategy to meet it.  By recognising the human and technical barriers (vendor habits, legacy systems) and taking strategic steps (baseline analytics, file conversion, new rails), companies can unlock digital growth.  And with smart platforms (like Skydo) aiding the journey, even large enterprises can migrate tens of millions in B2B flows without a total IT overhaul.

Every CFO and treasurer today should be asking: How many more payments can we digitise?  Because the future of finance is digital, and&nbsp;the time to modernise is now.

Modernize the Core: Your B2B Payments Strategy Reset

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If you invoice a foreign client for $1,000, you expect to lose “maybe 1–3%” to fees.
In reality, international payments don’t lose money in one place—they lose money in layers.

A bank fee here. A correspondent fee there. A weak exchange rate in the middle. And by the time the INR hits your account, your payout can be materially lower than your invoice, without a clean breakdown explaining why.

Primary keywords covered: International Bank Transfer Fees, money transfer rates, PayPal international transfer fee, international wire transfer fee.

International Bank Transfer Fees — simple meaning

International bank transfer fees are the total deductions and exchange-rate loss that happen when your client pays you from abroad—whether via SWIFT wire, PayPal, Wise, or a payment platform.

1) International wire transfer fee (client’s bank)

This is what your client’s bank charges to send an international wire transfer (often via <a href="https://www.skydo.com/blog/swift-money-transfer-ultimate-guide">SWIFT</a>). It can be flat, variable, and sometimes deducted from the sent amount depending on the fee setting.

2) Intermediary / correspondent (lifting) bank fees on the SWIFT route

Your payment can pass through one or more correspondent banks before it reaches India. Each <a href="https://www.skydo.com/blog/intermediary-bank-meaning-and-hidden-fees">intermediary</a> may deduct a fee—often without a visible breakdown on your side.

Some Indian banks charge to process inward remittances. This can be a flat fee (common), and it may be deducted before you see the final credit.&nbsp;

4) Platform fees (PayPal, Wise, Payoneer, etc.)

If your client pays through a platform instead of a direct bank transfer, the platform charges a transaction fee (often a percentage).

PayPal international transfer fee (India — receiving)

PayPal’s India business fee page lists 4.40% + a fixed fee for commercial transactions (fixed fee depends on currency; for USD, it’s typically $0.30). <a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives">PayPal</a>
This is why PayPal is convenient, but can become expensive for frequent or larger invoices.

5) FX markup (hidden in the exchange rate)

Banks and several platforms don’t convert at the “<a href="https://www.skydo.com/blog/forex-markup-fee-explained">Google rate” (mid-market</a>). They quote their own rate, which effectively includes an FX spread/markup. Many providers describe this as a fee on top of a base rate.

PayPal itself explains that its currency conversion rate includes a “currency conversion fee” added to the exchange rate you see. PayPal
In practice, markups can commonly land in the 1%–4% range depending on provider, corridor and customer segment.

Where your money actually disappears (realistic ranges)

Exact numbers vary by bank, corridor, and how the transfer is sent (OUR/SHA/BEN). But these ballparks help you estimate your real cost.

Sending bank / international wire transfer fee (client-side)

A realistic worked example (so you can sanity-check your payout)

Let’s say you invoice a client $1,000 and they pay via a traditional international wire/SWIFT route.

Assumptions (illustrative, but realistic):

Step 1: fees reduce the USD value before conversion

$1,000
– $30 (sending fee)
– $15 (intermediary fee)
– ~$3 (receiving-side processing equivalent)
= ~$952 left to convert

Step 2: FX markup reduces the INR you receive

If mid-market is ₹83.85/USD, a 2.5% worse rate is ~₹81.75/USD.

If you expected $1,000 × ₹83.85 = ₹83,850, the gap is ~₹6,000+—roughly 7% of your invoice in this scenario.

Important: sometimes the deduction pattern differs (fees taken separately vs from principal), and some payments go through multiple intermediaries. That’s why two freelancers can invoice the same amount and still receive meaningfully different INR.

Small and mid-ticket payments ($100–$1,000)

Fixed costs (like a $25–$40 wire fee) hurt more as a percentage of your invoice. A $30 fee on $300 is brutal; on $10,000, it’s background noise.

Even if a cheaper method exists, the client might default to what’s approved internally: SWIFT, PayPal, or a preferred PSP.

Fee responsibility isn’t always defined

If your invoice/contract doesn’t clarify who pays charges, you can end up absorbing deductions you didn’t plan for.

Most freelancers only see the final INR credit—no clean breakdown across wire fees, intermediary fees, and the exact exchange rate logic.

How to reduce international bank transfer fees (practical playbook)

1) Choose the right rail for your invoice size

A simple framework that works well in practice:

Under $500 (high friction, low ticket):

$500–$2,000 (core freelance range):

2) Invoice smart so deductions don’t surprise you

Add one of these lines to your invoice/contract:

Also list your preferred payment methods clearly:

Turn five $200 payments into one $1,000 milestone.
Fewer transfers = fewer fixed fees.

4) Track money transfer rates, not just fees

5) Don’t use P2P or “gift” routes for work income

They can look cheaper, but create messy accounting later:

Documentation: keep it clean (and save yourself during tax/audits)

What it is: <a href="https://www.skydo.com/blog/what-is-export-invoice">your invoice </a>is your bill with service details, amount, currency, and terms.
Why save it: establishes gross income and anchors your reconciliation.

Platform/PSP statements (PayPal, Wise, Payoneer, etc.)

What it is: transaction receipt/statement showing fees and client payment details.
Why save it: supports fee deductions as legitimate business expenses.

Bank credit entries (inward remittance credit)

What it is: your bank statement showing actual INR received.
Why save it: reconciles invoice vs actual receipt and confirms settlement.

What it is: a document confirming foreign inward remittance and forex details.
Why save it: supports compliance/audit trails and helps justify export income records.

A compliant “save-on-fees” route&nbsp;

If your work is export income (services/goods) and you want a cleaner cost + documentation experience, export-focused platforms can help reduce two major pain points:

1) Avoid expensive SWIFT routes where possible

Using local pay-in rails (where available) can reduce sender/intermediary deductions and make the payment path more predictable.

2) Reduce FX loss with clearer money transfer rates

Platforms that convert closer to the mid-market rate can help limit the “rate gap” that quietly eats 1–4% of your invoice.

If your provider issues remittance documentation automatically (like FIRA equivalents), it reduces manual follow-ups and audit stress.

Rule of thumb:
If you’re receiving $1,000–$5,000 invoices regularly, cuts from percentage fees + FX markup can compound over the year. A more export-aligned collection route can keep your payout more predictable—while staying compliant

How Skydo Helps You Keep More of Every International Payment

If you’re an Indian freelancer who gets paid from overseas more than once in a while, the goal isn’t just “receive the money.” It’s to receive it with minimum leakage + maximum clarity.

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International bank transfer fees

If you run an export business, a freelance practice, or an agency in India, you already know the real problem isn’t getting paid—it’s getting paid without losing time, margin, or compliance sanity.

So if you’re searching for a “Skydo alternative”, you’re usually asking one of these questions:

This guide compares 5 common alternatives in a clear, non-salesy way—so you can choose what fits your payment pattern, buyer preference, and documentation needs.

Pricing, limits, and policies can change. Wherever possible, I’ve used official product pages and help docs.

Quick TL;DR (choose based on your situation)

We’ll compare options on the parts that usually matter most to Indian exporters/freelancers:

Skydo is positioned for India-based B2B collections, especially for freelancers, agencies, exporters, and <a href="https://www.skydo.com/blog/how-to-receive-payments-from-amazon-global-selling-in-india">Amazon Global Sellers,</a> where the goal is to reduce <a href="https://www.skydo.com/blog/forex-markup-fee-explained">hidden FX loss</a>, avoid slow SWIFT chains, and keep documentation clean and audit-friendly.

In plain terms, Skydo is typically chosen when you want:

Now, here’s when looking beyond Skydo is genuinely reasonable.

When a Skydo alternative might make sense

Some finance/procurement teams have PayPal embedded into approvals. When the deal is new, reducing buyer friction can matter more than optimizing fees.

2) You want P2P + cards + spending in one ecosystem

If you want one app that blends personal wallet behavior, cards, and business collections, you may prefer a different stack (Skydo is more “collections + compliance” oriented than “wallet + spending”).

3) You handle high-volume, low-ticket payments

Flat-fee models often shine at higher ticket sizes; if you’re doing 50–80 payments/month in the $30–$200 range, percentage pricing can sometimes align better (depending on the provider).

4) You’re receiving personal remittances, not export income

Family support, one-off transfers, travel-related incoming money = different compliance expectations. Consumer remittance products are designed for that flow. <a href="https://www.westernunion.com/in/en/receive-money.html?utm_source=chatgpt.com" target="_blank">Western Union Money Transfer</a>

What it is: A globally recognised checkout + invoicing platform that many international clients already trust.

Use PayPal instead of Skydo when: client acceptance &gt; cost optimization, and you’re fine with PayPal’s fee/Fx structure.

What it is: A global payments platform that lets Indian businesses share receiving account details (USD/EUR/GBP, etc.) and then converts + pays out to INR. It is known for offering midmarket exchange rates without any markup

Use Wise instead of Skydo when: your invoices fall within Wise’s receiving limits, and you’re comfortable with the payout + eFIRC workflow.

What it is: A platform popular with marketplace sellers and freelancers, offering receiving accounts and multiple ways to get paid (including card/ACH via “Request a Payment”).

<a href="https://www.skydo.com/blog/payoneer-payment-gateway-features-fees">Payoneer’s</a> pricing page lists:

Use Payoneer instead of Skydo when you’re deeply tied to marketplaces or need Payoneer’s network/payment-request flexibility more than a purpose-built exporter collection flow.

Skydo alternative #4: Infinity (and similar “low-ticket” specialists)

What it is: An India-focused cross-border payments product often positioned for smaller, frequent payments.

Infinity advertises a 0.5% transaction fee (GST inclusive).&nbsp;

Percentage fees scale with invoice size. A flat-fee model can become cheaper when ticket sizes grow—so this depends on your monthly mix.

Use Infinity-style options instead of Skydo when: your average invoice size is small and frequency is high, and you’re less focused on advanced exporter workflows like eBRC.

Skydo alternative #5: Revolut / Western Union / Xoom etc. (personal remittances)

What they are: Consumer-first products built for P2P transfers, travel money, family support, or cash pickup.

These tools generally aren’t designed around exporter compliance workflows (invoicing + purpose codes + export docs), and you usually don’t choose them for regular B2B export receipts.

Use these instead of Skydo when the transfer is personal, not business income.

Skydo tends to be the best fit when you want:

If you’re an Amazon Global Seller, the “documentation question” becomes even more important because:

Here's a quick comparison table to show how Skydo compares to other alternatives

So, when is Skydo still your best option?

Skydo is usually the best fit when you’re receiving B2B export payments into India and you want three things: lower total cost on meaningful invoice sizes, faster settlement, and zero chasing for compliance docs.

Choose Skydo if most of this describes you:

If your reality is: “I’m exporting services/goods, I invoice overseas clients every month, and I want money + documents to land cleanly without manual chasing,” Skydo is built specifically for that.

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Skydo alternatives

Freelance payment isn’t “pick PayPal vs bank transfer.” It’s a system: pricing + contract terms + invoice structure + payment rail + documentation. If one part is weak, you lose money or lose time (or both).

This guide helps Indian freelancers choose the best payment method for freelancers based on the only metric that matters:

How much lands in your account after fees + FX + paperwork effort.

Pricing: quote so you don’t lose money later

1) Set your floor rate (the “can’t-go-below” number)

Invoice in USD/EUR/GBP and protect margin with a visible buffer line item or slightly higher quote.

4) Put fees in writing (this avoids the “why is it short-paid?” mess)

The OUR/SHA/BEN setting is literally what decides who eats SWIFT charges. <a href="https://help.flywire.com/hc/en-us/articles/360019759293-What-do-OUR-DEBT-BEN-CRED-and-SHA-SHAR-mean-in-the-fees-section" target="_blank"></a>

Best payment method for freelancers (by scenario)

What does an “international wire transfer fee” really look like?

An international wire often has three separate cuts:

Even for banks, outgoing wires can range widely (roughly $5–$75), and intermediary fees are common. &nbsp;Also, the “short payment” problem often happens because the fee type is set to SHA or BEN.

PayPal international transfer fee (what’s actually charged)

For India accounts receiving international commercial payments, PayPal lists:

PayPal is usually the easiest “yes” for clients, but the total cost can be meaningfully higher once you include transaction fees and currency conversion spread.&nbsp;

Payoneer alternatives for freelancers (and when Payoneer still makes sense)

Payoneer is strong when your income is marketplace-led, and the integration reduces ops.

Wise (as a PayPal alternative): clear pricing, but account for eFIRC

Wise Business explicitly positions receiving fees as:

What to look for in PayPal alternatives for freelancers (decision checklist)

This lets you choose based on workflow, not brand.

How to stop bleeding money (practical fixes)

“Client bears all transfer fees (OUR). Any short payment will be recovered.”&nbsp;

Instead of 5×$200, invoice $1,000 once (less fixed-fee drag).

US: ACH, EU: SEPA, UK: FPS — often faster + cheaper than SWIFT.

Effective rate = INR received ÷ USD invoiced. Compare to mid-market to spot hidden FX loss.

Compliance &amp; documentation (don’t use sketchy hacks)

If you’re receiving export income, your paper trail matters. Keep:

Using “friends &amp; family” style workarounds may save fees short-term, but it can create documentation gaps when your CA asks for proof of foreign remittance.

Where Skydo fits (and why it’s built for this exact problem)

Once you’re doing repeat B2B international invoices, the goal is simple: reduce fee leakage without breaking compliance.

A clean “stack” that most freelancers end up with

If you’re doing international freelancing seriously, the “best” payment method isn’t the most popular one—it’s the one that gives you (1) predictable fees, (2) real exchange rates, and (3) clean documentation every single time. That’s exactly the gap Skydo is built to fill for Indian freelancers who invoice overseas clients regularly: local-rail collections instead of SWIFT chaos, live FX instead of hidden spreads, and instant FIRA instead of chasing paperwork.

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Freelance payment method

Picture this: You’re launching a project, the work begins, and then payments start getting delayed, or worse, scope creeps up while billing stays the same. That’s exactly what a milestone payment system is designed to prevent.

This guide breaks down milestone payment meaning, when to use milestone payments, and how to design a milestone payment schedule that protects both the client and the service provider.

Milestone payments are payments made in increments at specific stages of a project. Each stage is tied to the completion of a deliverable (or objective), not the number of hours spent.

The simplest way to understand milestone payment meaning is through house construction: you pay only when the contractor hits milestones such as foundation laid, framing completed, or finishing done.

Now let’s get into when milestone payments make sense — and how to structure them.

A milestone payment system works best when:

Custom software delivery happens in phases, which makes it perfect for milestone payments. Example milestone schedule:

For large deployments (like fintech integrations), milestone payments ensure funds are released only when critical steps are done.

3) Marketing Campaigns and Performance Retainers

Marketing takes time, so milestone payments keep projects moving while ensuring the agency is paid on time.

Milestone payments help manage cash flow and scope.

Helps clients pay for verified progress without taking full risk upfront.

How to design milestone payments (5 simple rules)

If you’re setting up milestone payments for the first time, use these rules to keep the system clean, fair, and enforceable.

1) Tie each milestone to a clear deliverable

Each milestone must be measurable and verifiable:
“UX approved,” “MVP deployed,” “Campaign live,” “UAT sign-off.”

Clarity reduces disputes and makes it obvious when payment is due.

An upfront amount (typically 30–50%) covers discovery, setup, and initial work. It protects the service provider from early drop-offs and gives the project momentum.

3) Keep milestones short (≤ 2–3 weeks of work)

Short milestones make delivery predictable, cash flow steady, and feedback loops tight. Both sides stay aligned and fix issues early.

Growing Global

Understanding Global Payments blogs