Xflow, an India-based payment platform, allows businesses to receive USD payments from international clients. The platform provides features like next-day settlements and automated digital FIRA generation for international transactions.&nbsp;

While the platform currently handles USD transactions only, it offers a streamlined way for freelancers and businesses to get paid from overseas clients.

In this guide, we'll explore Xflow's features, break down its pricing structure, and compare it with alternatives like Wise and PayPal - helping you decide if it's the right fit for receiving your international payments.&nbsp;

Here's everything you get when receiving payments through Xflow:&nbsp;

When you sign up with Xflow, you get your virtual account number to receive USD payments. Think of it like having a US bank account - your international clients can pay you through local transfers, RTP, or Fedwire. While currently limited to USD transactions, these accounts let you collect payments from almost anywhere in the world within hours.

For example, If you're a freelance developer in India, your client in New York can send $5,000 to your Xflow virtual account using their Chase bank account, just like they'd pay any US-based contractor. They'll save on international wire fees, and you'll receive the payment faster than SWIFT transfers. However, note that Xflow only offers virtual international accounts in USD, and you cannot receive payments in any other currencies using Xflow's virtual accounts.&nbsp;

Whenever you receive a payment through Xflow, they automatically generate a digital FIRA within 24 hours. No extra charges no follow-ups needed.&nbsp;

Xflow lets you create shareable payment links in seconds. Enter the amount, generate a link, and send it to your client. Your clients can click and pay, making the collection process smoother. Plus, you can track when the link was viewed and when payment was made.

For example, You're a digital marketing consultant who needs to collect $2,500 for a project. Create a payment link in Xflow, share it via email, and track when your client from Australia views and pays it. The link stays active until payment is received.

Create and send professional invoices directly through Xflow. The platform automatically tracks pending and paid invoices, so you know who owes you what. When a client pays, the system matches the payment to the invoice, saving you from manual reconciliation headaches.

Before converting your USD payments to INR, Xflow shows you exactly how much you'll receive. Their live FX rates come with zero markup, and you'll see the precise INR amount that'll land in your bank account.&nbsp;

Xflow charges a flat 1% fee on every transaction. While they offer live FX rates with zero markup, which is great, that 1% can add up quickly for larger payments. 

For example, if you're receiving $10,000, you'll pay $100 in fees. There's a minimum fee of $8 for lower amounts per transaction. Plus, you get free digital FIRA generation with every payment, which typically costs extra with other providers.

4 Best Xflow Alternatives to Take Note of&nbsp;

While Xflow simplifies USD payments, its 1% fee can affect your earnings, as we've demonstrated before. Plus, being limited to USD means you might miss out on clients paying in other currencies.&nbsp;

Let's explore some alternatives that might work better for your international payment needs:

Here's where things get interesting. Like Xflow, Skydo is an India-focused solution that goes beyond just USD payments. You get global bank accounts in multiple countries, including the US, UK, Canada, and Australia, which allow you to receive payments in various currencies.&nbsp;

Like Xflow, Skydo also offers live forex rates without any markup. It has a flat and transparent pricing model: USD 19 for payments below USD 2000 and USD 29 for payments between USD 2001 and USD 10,000. For payments above USD 10,000, Skydo charges a 0.3% fee.&nbsp;

 So, as we saw, with Xflow, receiving USD 10,000 would cost you USD 100. However, with Skydo, it will only be USD 29.&nbsp;

&nbsp;You also get free and instant FIRA, real-time payment tracking, and GST-compliant invoicing tools. For businesses handling multiple currencies, Skydo's transparent pricing and broader currency support make it a compelling alternative to consider.

Previously <a href="https://www.skydo.com/blog/transferwise-india-features-benefits-pros-cons">TransferWise</a>, this platform offers actual mid-market rates for multiple currencies. You get local bank details for 10+ countries, making it easier for clients to pay you like a local. Their fees are typically lower than traditional banks, and you'll get your digital FIRA automatically with each payment.

💡<a href="https://www.skydo.com/blog/top_5_wise_alternatives_for_international_payment">Learn more about Wise alternatives</a>

Despite its<a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives">&nbsp;fees</a>, (around 4.4% transaction fee + fixed fee + 4% conversion fee), PayPal remains a popular way to receive international payments due to its massive user base of 400+ million accounts. It supports multiple currencies and offers instant access to funds, making it convenient for quick transfers, especially from clients already using the platform.

Payoneer is available in 190+ countries and supports 70+ currencies, making it particularly good for collecting marketplace payments. They provide local receiving accounts in major currencies. However, before finalising on Payoneer as your international payments partner, check out our guide on&nbsp;&nbsp;<a href="https://www.skydo.com/blog/payoneer-fees-india-guide">Payoneer's fees</a>.

🎯<a href="https://www.skydo.com/blog/payoneer-payment-gateway-features-fees">Learn more about Payoneer</a>

A Payments Solution can Make or Break your Business: Choose Wisely&nbsp;

Xflow offers a solid solution for businesses focused on USD transactions, with its transparent pricing and automated digital FIRA generation. However, your payment needs might extend beyond a single currency in today's diverse global market.

When choosing a payment platform, consider your transaction volumes, the currencies you deal with, and how often you receive payments. While Xflow's 1% fee structure is straightforward, alternatives like Skydo provide more comprehensive solutions. With Skydo's multi-currency support, zero FX margin, and global bank accounts across the US, UK, Canada, and Australia, you can accept payments from clients worldwide without currency restrictions.

Remember, the right platform should scale with your business growth. As your client base expands internationally, having a payment solution like Skydo that combines competitive pricing with essential features like instant FIRA generation, real-time tracking, and multi-currency support could be crucial for your business' success.

<a href="https://www.skydo.com/">Get started with Skydo today!</a>

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Xflow: Price, Features and Alternatives

Doing business globally has never been easier, until it’s time to get paid.

If you're an exporter, freelancer, or SaaS founder in India, you probably know the struggle. You finish a project or ship a product overseas… and then begins the long wait. Between delays, surprise deductions, poor exchange rates, and a ton of paperwork, getting your money from international clients can feel like a second job.

That’s where virtual bank accounts come in,&nbsp; and they’re changing the game.

Think of them as local bank accounts in the countries you do business in, without needing to actually open one abroad. You get paid like a local, skip the heavy banking charges, and see your money land in your Indian account faster and in full.

Let’s make international payments one less thing to worry about.

A virtual bank account is like a digital address for your international payments. It’s not a physical account you walk into, instead, it’s a unique account number (usually 18 digits) linked to your real Indian bank account.

When your overseas client pays you through this virtual account, the money is instantly routed to your actual bank account, without you needing to open a bank account in that country.

Now, here's the key difference:
Virtual accounts don’t hold money; they just receive and forward it. Think of them as smart couriers that collect funds and drop them directly into your home bank, minus the usual chaos of SWIFT delays or form-filling marathons.

So why are exporters and freelancers making the switch?

You don’t have to share your actual bank account details with clients. That’s one less exposure point.&nbsp;

Working with clients across the US, UK, EU, and beyond? You can set up a virtual account for each region. That means payments in different currencies, all tagged to the right client, making reconciliation smooth and stress-free.

At their core, virtual bank accounts are like “mirrors” of real bank accounts. They don’t actually hold funds, but act as smart collection tools designed to receive money, identify where it came from, and route it to your primary bank account.

Let’s break that down with a simple example:

Say you're an Indian freelancer working with clients in the US, UK, and Singapore. Instead of asking them to make an international wire transfer to your Indian bank account (which can take days and involve hefty fees), you generate a virtual account in each client’s region.

So when your US client sends you $1,000 to your US virtual account, they’re doing a local transfer, just like they would to a US-based vendor. That money is received by your virtual USD account, converted into INR, and credited to your Indian bank account, all behind the scenes.

Virtual accounts are especially helpful when working with multiple clients or marketplaces, letting you track payments separately without opening and maintaining multiple physical bank accounts abroad.

They’re not magic, just smart infrastructure layered on top of traditional banking rails.

Why Virtual Bank Accounts Work Better for Global Payments

Whether you're a freelancer, exporter, or SaaS business dealing with overseas clients, virtual bank accounts offer a smoother, faster, and more cost-effective way to get paid. Here’s how:

With traditional bank transfers, your international payments can take anywhere from 3 to 7 days to land in your account, especially if they go through SWIFT. That’s a lot of waiting, and for a business, delays hurt.

Virtual bank accounts cut this down drastically. Platforms like Skydo settle your payments within 24 hours of receipt, helping you maintain liquidity and plan cash flow more confidently.

Traditional methods come with hidden costs:&nbsp; SWIFT charges, poor exchange rates, and service fees that chip away at what you actually receive.

With virtual accounts, you bypass SWIFT entirely. Plus, platforms like Skydo offer live exchange rates with zero markup, so you get the full value of your earnings, not just what’s left after deductions.

Your virtual account is linked to your real bank account, but it doesn’t expose it. That means when you share your virtual account details with clients, your primary bank info stays private.

These accounts also come with features like:

Even if someone gets access to your virtual account number, they can’t use it to touch your funds.

How to Open a Virtual Bank Account in India (Without Any Red Tape)

Setting up a virtual bank account might sound complex, but in reality, it’s much easier than opening a traditional foreign bank account.

Look for an RBI-authorised cross-border payments platform like Skydo that offers virtual account services tailored for Indian exporters, SaaS businesses, and freelancers.

Submit your business details, PAN, GSTIN (if applicable), and bank account information. Platforms like Skydo allow you to complete the entire KYC process online, no branch visits or paperwork required.

Once verified, you'll receive virtual account numbers in key regions like the US, UK, EU, Singapore, Australia, and more. These accounts come with local details like IBANs or routing numbers, making it easy for your clients to pay you like a local.

Share these account details with your clients. When they pay you, the funds are automatically routed to your linked Indian account. With Skydo's virtual bank account, you usually receive your payments within 24 hours, with live exchange rates and no hidden markups.

Virtual bank accounts aren’t just for big businesses or finance pros — they’re built for anyone who earns across borders. Here’s how different types of users benefit:

If you're a freelancer working with international clients on platforms like Upwork, Fiverr, or through direct gigs, a virtual bank account makes it easy to get paid like a local. Instead of high PayPal fees or long wait times, you can receive payments faster, with better exchange rates, and even get FIRA for tax compliance.

Example: A designer in Jaipur can now receive USD from a US client into a virtual US account and get INR in their bank within 24-48 hours, without worrying about SWIFT delays or high forex markup.

For small and medium exporters, especially from Tier 2 and Tier 3 cities, virtual accounts simplify what used to be a paperwork-heavy process. You get global virtual collection accounts (like a US routing number or a UK IBAN), and your clients can pay like they’re making a local transfer.

It’s faster, cheaper, and you get the compliance documents like FIRA automatically.

SaaS companies billing international customers often struggle with reconciling multi-currency payments or managing multiple accounts. Virtual accounts let you:

It’s ideal for businesses scaling globally without opening foreign bank accounts or paying unnecessary overhead.

Virtual Bank Accounts by Skydo: Built for Indian Freelancers &amp; Exporters

Skydo makes it easy for Indian businesses and freelancers to receive international payments without the usual headaches of high fees, hidden markups, or long settlement times.

You get virtual accounts in key markets like the US, UK, Europe, Australia, and Singapore all set up in minutes, fully compliant with RBI norms.

Live exchange rates: You get paid at the actual mid-market rate (yes, the one on Google) with zero markup.

$29 for payments between $2,001–$10,000

No hidden fees: No SWIFT charges, no surprise deductions.

Instant FIRA: GST-compliant FIRA is auto-generated after each transaction, no chasing banks, no manual forms.

Get paid on time: Send clean, professional invoices and set up reminders with just a few clicks.

Thousands of Indian freelancers and MSMEs already use Skydo to manage their global payments.
You can get started <a href="https://www.skydo.com">for free in 5 minutes</a> — no paperwork, no waiting.

Leveraging Virtual Bank Account to maximise international payments

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PayPal in India has been a go-to platform for international payments in India, used by both businesses and individuals.&nbsp;As of early 2025, PayPal commands a 45% share of the global payments market, <a href="https://www.chargeflow.io/blog/paypal-statistics-facts">according to Chargeflow,</a>&nbsp; making it the most widely used payment platform worldwide.

Whether it’s sending money abroad, integrating with e-commerce platforms, or managing invoices, PayPal India offers a variety of features that make global transactions easier.

But is it really the best option out there? In this blog, we’ll dive into what PayPal in India has to offer to its users, including its charges, key features, and real user experiences. Plus, we’ll explore whether there are better, more cost-effective alternatives for managing your international payments.

PayPal's India's credibility and global reach make it a popular choice for receiving international payments in India. It allows businesses to accept payments in over 100 currencies through multiple payment methods like debit card/credit card payments and subscription models. It also offers customized solutions based on the size and scale of the organization.&nbsp;

It also provides <a href="https://www.paypal.com/in/webapps/mpp/firc-certificate?no_follow=true">monthly digital FIRAs</a> to Indian businesses and freelancers, which acts as proof of receiving international payment.&nbsp;

Additionally, PayPal offers<a href="https://www.paypal.com/in/webapps/mpp/paypal-buyer-protection?no_follow=true"> buyer protection program</a> which reimburses buyers for purchases that either do not arrive or do not match the seller's description.

Similarly, PayPal in India provides <a href="https://www.paypal.com/in/brc/article/what-is-seller-protection#:~:text=Here's%20how%20sellers%20can%20get,delivery%20generally%20within%2010%20days.?no_follow=true">seller protection</a> for businesses in cases of unauthorized transactions or undelivered shipments. Sellers must provide proof of shipment to qualify for this protection.

The platform also enforces strict security measures, including 24/7 account monitoring, to ensure the safety of funds.

PayPal works in India. However, it's important to note that not all its services are available in every country including India.

<a href="https://www.paypal.com/in/legalhub/archive-policies-full#:~:text=Effective%3A%201%20April%202021%20We,domestic%20payment%20services%20in%20India?no_follow=true">PayPal does not support domestic transactions</a> or local transfers in India meaning businesses cannot receive local payments in INR via PayPal. Businesses can receive international payments but <a href="https://developer.paypal.com/docs/payouts/standard/reference/country-feature/?no_follow=true">cannot send payouts internationally from India.</a>&nbsp;

Individuals i.e. personal users can use <a href="https://www.paypal.com/in/webapps/mpp/send-payments-online#:~:text=You%20can%20send%20a%20payment,a%20link%20to%20sign%20up?no_follow=true">PayPal to make international payments</a>. You need the seller's email address, and they’ll need a PayPal account to receive the payment. However, note that features like Buy Later and PayPal Credit are not available in India.

PayPal is generally safe to use in India, offering end-to-end encryption, secure vaults, real-time transaction monitoring, and buyer-seller protection.

While PayPal’s security is often considered unparalleled, a recent breach has raised concerns about its safety in India.

Earlier this year, some <a href="https://www.itnews.asia/news/csa-issues-alert-on-scam-involving-compromised-paypal-accounts-605218?no_follow=true">PayPal users in Singapore</a> received automated notifications via email or PayPal inbox messages about activities like profile changes and transaction receipts. Upon checking their accounts, some victims discovered unauthorised deposits or transfers to unfamiliar bank accounts added by cybercriminals.

Although this incident raised eyebrows, it appears to be an isolated case and does not reflect the overall security of PayPal in India.

PayPal Charges for receiving money in India

PayPal India's convenience and range of services come with a relatively hefty price tag. Broadly, PayPal India’s charges for receiving international payments can be categorised under the following heads:

When you receive an international business payment via PayPal in India, the platform charges a<a href="https://www.paypal.com/in/webapps/mpp/merchant-fees?no_follow=true"> 4.40% transaction fee.</a> For example, if you receive USD 1000 from a US client, PayPal will deduct USD 44 as a fee. You can factor this fee into your invoice, pay it yourself, or split it with your client, either way, the high transaction fee makes receiving international payments relatively expensive through PayPal in India.&nbsp;

Along with the transaction charges, PayPal in India also levies a <a href="https://www.paypal.com/in/webapps/mpp/merchant-fees?no_follow=true">fixed fee</a> depending on the currency of the transaction.&nbsp;

Here are a few examples of the fixed fees for some popular currencies:

You can find the full list of fixed fees across different currencies right <a href="https://www.paypal.com/in/webapps/mpp/merchant-fees?no_follow=true">here</a>.&nbsp;

However, that’s not the whole story. PayPal India also adds a <a href="https://www.paypal.com/in/webapps/mpp/merchant-fees?no_follow=true">4% currency conversion fee</a> to the prevailing exchange rate when converting foreign currency to Indian rupees. This means you receive a lower exchange rate than the market rate, thanks to&nbsp;PayPal's currency conversion rates

For example, if the current market rate is approximately INR 86 per USD (as of 25th March 2025), PayPal’s effective exchange rate would be 4% less, which is INR 82.5

 In summary, receiving international payments through PayPal India involves:

4.4% transaction fee + fixed fee (varies by currency) + 4% currency conversion fee.

Can I Use PayPal to Receive Money Internationally?

Yes, in India you can use PayPal to receive money internationally, both business and personal payments. Paypal also offers a wide range of payment options including bank transfers, cards and more. However, receiving money internationally with PayPal comes with fees, which we will discuss now.&nbsp;

How Much Does PayPal Charge to Receive Money?

To better understand PayPal India’s charges, let’s imagine you’re receiving an international payment of USD 5000 from your US-based client. Here’s how much you’ll pay in fees with PayPal India:

Firstly, there’s a 4.4% transaction fee, totalling:

On top of that, a fixed fee of 0.30 USD is applied, making the total fee before currency conversion USD 220.3. &nbsp;Now after deducting USD 220.30 from USD 5000, we are left with USD 4779.70, which will be converted to INR

Considering the current exchange rate of 1 USD to INR 86 (approximately as as of 25th March 2025), PayPal India also adds a 4% currency conversion fee, resulting in an effective exchange rate of 82.5. So, USD 4779.70 as per the effective exchange rate would be INR&nbsp;3,94,267.5

In total, you’ll receive approximately INR ​​3,94,267.50 for your payment of USD 5000 in India, the full value of which at the live forex rate is (5000*86) INR 4,30,000

This means PayPal India will charge you close to USD 415 (or INR&nbsp;35,733) for receiving this payment and depositing it in your Indian bank account.&nbsp;

PayPal Review in India: Security, pricing, support and more

PayPal is undeniably one of the leading names in global payment solutions. So, let's delve into some PayPal reviews to gauge the opinion of users on various aspects of PayPal in India.

PayPal India is widely regarded for its <a href="https://www.g2.com/products/paypal-paypal/reviews?utf8=%E2%9C%93&amp;order=g2_default&amp;filters%5Bsentiment_snippet%5D=215811?no_follow=true">ease of use</a>. Its user-friendly interface, seamless integrations, and diverse payment options make it a popular choice for global business transactions. Additionally, PayPal’s robust <a href="https://www.g2.com/products/paypal-paypal/reviews?utf8=%E2%9C%93&amp;order=g2_default&amp;filters%5Bsentiment_snippet%5D=214445?no_follow=true">security measures</a> inspire confidence, contributing to its widespread acceptance around the world.

Despite its extensive offerings, PayPal's services come with a significant price tag. Users of PayPal in India have noted the platform's high transaction fees, combined with currency conversion charges and other associated costs, making it a <a href="https://www.g2.com/products/paypal-paypal/reviews?utf8=%E2%9C%93&amp;filters%5Bsentiment_snippet%5D=214404?no_follow=true">relatively expensive option</a> for receiving international payments in India.&nbsp;

Users have mixed opinions about PayPal’s <a href="https://www.g2.com/products/paypal-paypal/reviews?utf8=%E2%9C%93&amp;order=g2_default&amp;filters%5Bsentiment_snippet%5D=214154?no_follow=true">customer support</a>. While some find it helpful, others find it unsatisfactory. A common complaint is the sudden freezing of PayPal accounts for security reasons without prior notice, coupled with the inability of customer support to resolve this issue. Many also report that the support team lacks the expertise to handle more complex problems effectively.&nbsp;

Skydo: A Viable Alternative to PayPal in India to Take Note of

Despite its global acceptance and credibility, PayPal’s high charges and instances of limited customer support have prompted users to seek <a href="https://www.skydo.com/blog/top-paypal-india-alternatives-for-international-payment">alternatives for receiving international payments in India.</a>

Skydo emerges as a strong alternative, offering a fast, secure, and cost-effective solution for businesses. With its flat fee structure, which is often 8x less expensive than PayPal, along with dedicated customer support and seamless onboarding, Skydo has become a go-to choice for companies and freelancers to manage their global payments. Additionally, platforms like Wise Payments Limited. and Payoneer are also viable substitutes to PayPal India for receiving international payments and transferring them to your local bank account.

Choosing the right payment partner for your business is crucial. Issues like the lack of FIRA, forex markups, and currency conversion fees can make international transactions costly and inconvenient.

When selecting your international payment provider, consider the following factors:

Pricing: International transactions can be expensive, and there's no standard pricing model. Look for a provider with competitive rates and transparent fee information so you can keep more of your hard-earned money.

User Experience: Managing global payments should be straightforward. Opt for an easy-to-use platform and reliable customer support to ensure smooth transactions.

Compliance: Cross-border payments are closely monitored to detect any suspicious activity. Select a trusted payment platform that meets regulatory requirements and simplifies compliance for you.

At Skydo, we offer a fast, secure, and less-expensive solution for you to receive international payments. Switch to Skydo today and enjoy the best in global payment solutions for your business.

PayPal in India: Charges, Review and Alternatives

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Are you an Indian freelancer, exporter, or business owner working with US clients? If so, one of the most important questions you’ve likely asked is: How to receive money from the USA to India?

<a href="https://pib.gov.in/PressReleasePage.aspx?PRID=2098447#:~:text=In%202023%2D24%2C%20the%20top,export%20value%20in%202023%2D24.">As of 2024</a>, the US is the top merchandise export destination for India. However, despite that, getting paid by US companies or individuals comes with its own set of challenges—be it fees, delays, or the right payment method. In this blog, we'll discover the popular ways with which you can receive money from the USA to India efficiently, securely, and at the best rates. Let’s help you find the option that works best for you!

Ways to Receive Money from the USA to India

When it comes to receiving payment from your US clients, you have a few key options:

For personal remittances, bank transfers and P2P /remittance platforms may be a convenient way to receive money from the US. However, for receiving payments from the US,&nbsp;it’s important to weigh a few critical factors—like fees, speed, and ease of use. Choosing the right option can help you keep more of your hard-earned money while avoiding unnecessary hassle. Let’s break down what you need to consider!

How Long Does It Take to Receive Money from USA to India?

Unlike instant domestic payments, international transfers can take anywhere from 1 to 7 business days to reflect in your account depending on the method of transfer. For example, wire transfers from USA to India can take upto 5 business days because&nbsp;the SWIFT network&nbsp;involves multiple intermediary banks, and delays can occur due to bank holidays, incorrect details, or currency conversions. In the case of PayPal,&nbsp; payments may appear quickly in your PayPal account, but it can take up to 5 business days to show in your bank account.

Virtual accounts process payments from the US faster than traditional methods. For instance, Skydo settles payments within just 24-48 hours.

What Are the Fees for Receiving Money from USA to India?

For receiving money from USA to India, especially for payments it is important to be mindful of fees and charges that are levied on the same as they can significantly eat into your earnings.&nbsp;Here are some common fees to watch out for:

SWIFT transfers&nbsp;from the US via banks will invite SWIFT fees which may range from&nbsp;₹500 to ₹1,000 per transaction. The most important thing to look out for however is forex markup.&nbsp;Banks often provide less favourable exchange rates compared to the market rate. For instance, if the real rate is 1 USD = ₹84, banks might offer ₹82, leaving you with less money per transaction.&nbsp;

PayPal charges a 4.4% transaction fee and an additional 4% for currency conversion, meaning you'll pay close to 8.5% in fees when receiving payments from the US to India. 

Payments from the US via virtual accounts do not incur any SWIFT fees; however, each platform applies its own charges.

How to Avoid Hidden Fees When Receiving Money from the USA?

Receiving payments from the USA to India can quickly turn into an expensive affair if you're not careful. Hidden fees, sneaky forex markups, and inflated charges can eat into your earnings without you even realizing it.

Here’s the secret: choose a platform that’s upfront about its pricing and offers live forex rates with zero markup. Why should you settle for anything less than the rate you see on Google?

Take Skydo, for example. We don’t play games with your money. With Skydo, you get:

What Documents are Needed to Receive Payments from USA in India?

When receiving payments from the US, ensure you have the <a href="https://www.skydo.com/blog/compliance-guideline-for-inward-remittance#what-are-the-documents-required-for-inward-remittance-in-india">following documents</a> and meet these compliance requirements:

How to Receive Money from the USA to India in 4 Steps?

Here's a quick breakdown of how to receive money from USA to India

Step 1:&nbsp;Choose the transfer method that works best for you. Choose the transfer method that works best for you. For business payments, a compliant option that provides FIRA, like banks or virtual accounts from platforms like Skydo, is ideal. For personal transfers, online remittance services offer a simpler and more convenient way to receive money.&nbsp;

Step 2:&nbsp;Provide your bank details or platform information to the sender

Once you've chosen a transfer method, share your bank or platform details with the sender. If you're using Skydo, provide your local USD virtual account number. For SWIFT transfers, share your bank account details and SWIFT code. Always double-check the details before sending—any errors could cause delays or even cancel the transaction.

The time it takes to receive money from the US depends on the transfer method. SWIFT and PayPal transfers can take up to 5 business days to reflect in your bank account, while virtual bank accounts typically process payments faster. For example, Skydo settles payments from the US within 24-48 hours.&nbsp;

Step 4:&nbsp; Confirm receipt and obtain FIRA

If you are receiving a payment from the US, you need to obtain <a href="https://www.skydo.com/blog/all-you-need-to-know-about-firc-a-complete-guide">FIRA </a>which will serve as proof of the said payment. If you are receiving your payment via banks, you will have to request a FIRA and banks generally charge anywhere between INR 200 and INR 500 to issue each FIRA. Paypal offers monthly eFIRA while platforms like Skydo provide free and instant FIRA for every transaction.&nbsp;

Choosing the Best Way to Receive Money from the USA to India

There’s no one-size-fits-all answer to the question of how to receive payments from the USA to India. The best method depends on what matters most to you—whether it’s faster transfers, lower fees, better exchange rates, or simplified compliance. Let’s take a closer look at your options to help you make an informed choice.

Banks are the go-to option for many when it comes to receiving money from USA to India. However, they come with their own set of pros and cons:&nbsp; Transfers via the SWIFT network can take anywhere from 2 to 7 business days, often delayed by intermediary banks, incorrect details, or currency conversion issues. Banks charge SWIFT fees (₹500–₹1,000 per transaction) and impose forex markups. For instance, if the market rate is 1 USD = ₹84, you might only get ₹82, losing ₹10,000 on a $5,000 payment. They also charge additional fees, like ₹250 for a FIRA or ₹500 for tracking a payment. While banks are reliable and secure, obtaining compliance documents like FIRA can be a hassle, often requiring follow-ups and additional charges. If you prioritize security and have time to spare, banks may be a reasonable option.

Banks are also a preferable choice for big businesses handling high volumes of cross-border payments, as they often offer competitive exchange rates and personalized services that smaller clients might not receive.&nbsp;

PayPal and other Payment Gateways:&nbsp;Convenient But Pricey

PayPal is popular for its global reach and ease of use, especially for freelancers and small businesses. Beyond PayPal, there are other payment gateways as well that are opted by freelancers to receive payments from the US.

If your payment amount is small, say under USD 1000, and your clients prefer using a credit card, this could be a suitable option for you.

Payments may reflect quickly in your PayPal account however, it can take upto<a href="https://www.paypal.com/in/cshelp/article/how-do-i-transfer-funds-to-my-bank-account-help394"> 5 business days to reflect in your bank account</a>.<a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives">PayPal’s fees</a> add up quickly.

They charge a 4.4% transaction fee, a fixed fee based on currency, and a 4% forex markup. For example, if the market rate is ₹84 per USD, PayPal’s rate would be ₹80.64, resulting in significant losses on larger payments. PayPal provides a monthly digital FIRA, covering all transactions from the previous month. However, it’s only available by the 15th of the following month, which may not work for those needing immediate documentation. PayPal is ideal for quick payments but less suitable if you’re looking to maximize your earnings due to its high fees.

Online remittance platforms like Western Union and Wise P2P provide an option to receive money from the USA to India. While they work well for personal transfers, they may not be ideal for business payments as they don’t issue FIRAs, which are essential for compliance.

Virtual International Bank Accounts: A Modern Solution

Platforms like Skydo, Wise, and Payoneer, offer virtual bank accounts in countries like the US, allowing clients to send payments as local transfers. This eliminates the complexities and costs of traditional international transactions. Payments are typically settled within 0–2 business days. For example, Wise transfers funds within 48 hours, while Skydo and Payoneer process payments within 24 hours. 

While international virtual bank accounts don’t encompass SWIFT fees, platforms levy their respective fee.

<a href="https://www.skydo.com/blog/payoneer-fees-india-guide">Payoneer charges</a> a 1% fee if you receive USD payments via virtual accounts. Further, there’s a 3% forex markup on withdrawals, a 3.2%+ $0.49 fee on credit card payments, and 1% for ACH transfers if your US clients pay you via ACH.&nbsp;&nbsp;

<a href="https://www.skydo.com/blog/wise-transfer-charges-in-india">Wise charges</a> a 1.6–1.8% Wise fee but uses the mid-market exchange rate with no hidden markups. Skydo offers a simple pricing model—USD 19 for payments under $2,000 and USD 29 for payments between USD 2,001 and USD 10,000, with live exchange rates and no markups.&nbsp;

These platforms provide FIRA for regulatory purposes, with Skydo and Payoneer offering it instantly and free of charge, while Wise charges a fee for the same.&nbsp;

Receive Payments From the USA to India Effortlessly with Skydo

For freelancers and businesses working with US clients, navigating international payments can often feel like a hassle. That’s where Skydo steps in, making the process simple, cost-effective, and seamless. Setting up an international virtual account with Skydo takes just five minutes, giving you access to markets like the US, Europe, Singapore, and Australia without the complexities of traditional banking.

Skydo eliminates hidden fees and currency markups by offering live Forex rates, ensuring you get the best value for your hard-earned money. Compliance is a breeze too—you’ll receive instant FIRA downloads after every transaction, keeping you aligned with RBI regulations without any extra effort. Furthermore, in January 2025, <a href="https://economictimes.indiatimes.com/tech/startups/skydo-secures-rbi-licence-to-offer-cross-border-payments/articleshow/117413507.cms?from=mdr">Skydo received in-principle authorisation from the Reserve Bank of India (RBI)</a> to operate as a Payment Aggregator-Cross Border (PA-CB) entity ensuring the highest level of compliance and security.

 And to make things even better, you’ll have a dedicated representative ready to assist whenever you need support.

If you’re tired of high fees, slow settlements, and complicated processes, Skydo is the smarter choice for receiving international payments. Focus on growing your business while Skydo handles the rest!

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How to receive money from USA to India? 

Founded in 2010 by entrepreneur brothers Joseph and Patrick Collison, Stripe is an Irish-American company that simplifies global payments for businesses. It offers a wide range of services, including billing, invoicing, and subscription management. It is a preferred choice for businesses with international customers spread across the globe. 

Note that<a href="https://support.stripe.com/questions/stripe-accounts-are-invite-only-in-india"> Stripe India currently operates on an “invite-only” mode</a>l, meaning new Indian businesses must request an invite to open a new Stripe account. Access is granted only if Stripe approves their application. There's no fixed timeline as to how long it might take for the application to be processed

In this blog, we’ll focus on Stripe India's cross-border payment features, explore its pricing and reviews, and consider whether there’s a more cost-effective alternative for receiving international payments in India.&nbsp;

Stripe India provides Indian businesses with a comprehensive cross-border payment solution, enabling them to receive payments in over 135 currencies. Its <a href="https://stripe.com/in/payments/elements" target="_blank">flexible UI components,</a> such as masking, styling, and error handling, let businesses tailor their checkout experience to match their brand.

For payments, Stripe provides the flexibility to generate instant <a href="https://stripe.com/in/payments/payment-links" target="_blank">payment links</a> or embed its <a href="https://stripe.com/in/payments/checkout" target="_blank">checkout solution</a> directly on your website, supporting both one-time and recurring transactions. However, while Stripe supports a variety of payment methods globally, Indian businesses are limited to accepting international payments via credit card or debit card. Unlike platforms such as Skydo, Wise, or Payoneer, Stripe India lacks features like international virtual accounts or alternative payment options like <a href="https://www.skydo.com/blog/swift-money-transfer-ultimate-guide" target="_blank">SWIFT transfers</a>, wallets etc. In short, with Stripe India, cards are your only option for receiving international payments.

That said, it’s important to note that Stripe India doesn’t provide <a href="https://www.skydo.com/blog/all-you-need-to-know-about-firc-a-complete-guide">FIRA </a>for international payments instead it offers something called,<a href="https://support.stripe.com/questions/firc-payment-advice-for-international-transactions-in-india" target="_blank"> payment advice</a> which you need to submit to your bank to obtain the FIRA yourself.&nbsp;

Stripe operates on an invite-only basis in India, with an unclear approval timeline and limited access for new businesses. To open an account, you’ll need additional information like identification numbers, a website or app link, a business description, bank details, an IEC code, and an <a href="https://www.skydo.com/blog/rbi_purpose_code_for_inward_remittance">RBI Transaction Purpose Code.&nbsp;</a>

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