Dodo Payments: Features, Fees, and Alternatives
Dodo Payments is an India-based fintech platform that processes cross-border transactions. Founded in 2023 by Rishabh Goel and Ayush Agarwal, the platform functions as a Merchant of Record, handling payment processing, tax calculations, and compliance requirements for businesses dealing with international customers.
This article takes you through Dodo Payments' core features, fee structure, operational capabilities, and comparable alternatives to provide context for businesses considering different cross-border payment solutions for digital goods selling.
Dodo Payments Features: A Quick Rundown
Dodo Payments offers a suite of features aimed at simplifying global transactions for businesses:
Global Payment Platform
Businesses can receive payments from over 100 countries through Dodo Payments' gateway solution. The platform enables international transactions through their payment processing infrastructure.
Local Payment Options
The service supports various local payment methods customised to different regions around the world. This localisation helps improve conversion rates by letting customers pay using familiar methods.
Tax and Compliance Automation
Dodo Payments automatically handles tax calculations and regulatory compliance across different jurisdictions. While specific support for FIRA (Foreign Inward Remittance Advice) isn't clearly documented, the platform aims to simplify the often complex tax requirements of international commerce.
Subscription Management
For businesses with recurring revenue models, Dodo Payments provides tools to manage subscriptions, including automated billing and renewal processes. This helps maintain steady cash flow and reduces administrative overhead.
Customized Checkout Pages
Merchants can add their branding elements to checkout pages, creating a more seamless customer experience. The platform allows businesses to maintain their visual identity throughout the payment process.
Dodo Payments Fees: What You Should Know
Dodo Payments offers a simple pricing model for most users, with separate options for enterprise clients:
Standard plan: 4% + 40¢ per transaction
This pricing includes:
- Cross-border sales tax compliance
- Built-in tools for billing management
- Churn reduction capabilities
- Fraud prevention systems
- Zero fixed costs
Enterprise plan: Custom pricing
For larger businesses ready for international expansion, Dodo Payments offers tailored pricing packages that include:
- Dedicated Customer Success Manager
- Access to premium features and products
- Migration and implementation support
Pricing Example:
To understand how this pricing affects your bottom line, consider this example:
For a $100 digital product sale:
- Transaction fee: $100 × 4% = $4.00
- Fixed fee per transaction: $0.40
- Total Dodo Payments fee: $4.40
The business would receive $95.60 from the $100 sale.
The percentage can significantly impact revenue for higher-volume sellers. For instance, a business processing $10,000 monthly in transactions would pay approximately $440 in fees and keep $9,560.
This pricing structure makes Dodo Payments particularly suitable for small to medium-sized businesses that prioritize simplicity over negotiating lower rates with banks.
Skdyo: A seamless Dodo Payments Alternative for receiving international payments
For companies looking for alternatives to platforms like Dodo, Skydo offers a specialized approach for receiving international payments with several distinctive advantages:
Zero FX margin on live rates
While many payment platforms apply hidden markups to exchange rates, Skydo provides transparent live forex rates without any forex markup fee and high payment success rates. This means more of your money actually reaches you rather than being lost to unfavourable conversion rates.
Transparent flat fee structure
Skydo's pricing is straightforward with no hidden charges - $19 for payments under $2,000, $29 for payments between $2,001 and $10,000, and 0.3% for payments above $10,000. This clarity helps businesses accurately forecast their payment costs.
Instant FIRA documentation
Unlike other platforms that may charge extra for Foreign Inward Remittance Advice (FIRA) or make you wait days, Skydo automatically generates this crucial compliance document for every transaction at no additional cost. You can directly download it from your dashboard, either one by one or in bulk.
RBI approved with a PACB license
Skydo operates with, in principle, approval from the Reserve Bank of India as a Payment Aggregator for Cross-Border Payments (PACB), ensuring complete compliance with Indian financial regulations.
Dedicated account manager
Customers receive personalized support through a dedicated account manager, offering a level of service typically reserved for enterprise clients on other platforms. This ensures a no-friction experience.
Global bank accounts
Skydo provides virtual bank accounts in multiple countries (US, UK, Canada, Australia, and others), allowing clients to pay you as if you were a local business in their country.
Integrated business tools
Beyond just payments, Skydo offers GST-compliant invoicing, real-time payment tracking, and accounting features that simplify the entire international business transaction cycle.
Fast settlement time
Payments typically reach your bank account within 24 hours without hassle, significantly faster than traditional bank transfers, which can take 3-5 business days or more.
For businesses handling international transactions, these features offer a more direct, transparent alternative to platforms that may emphasize outgoing payments over incoming ones or that apply multiple fees throughout the payment process.
