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Adyen vs Razorpay: which is better for international payments in 2026?

  • Adyen is enterprise-grade omnichannel acquiring trusted by global brands, but it is sales-led, carries a minimum invoice, and cannot collect export payments into India
  • Razorpay is easy for existing domestic users, with 1% flat pricing and zero FX markup, but the fee grows large as your invoices get bigger
  • Which one is better comes down to your priorities - fees, FIRA handling, and how your clients prefer to pay
Accept payment from 150+ countries
USD
Client pays
USD 100USD 100,000
1 USD = 85.00 INR
Live fx rate
You'll receiveINR
₹4,22,091
Adyen
₹4,07,434
You lose:4.1%
Razorpay
₹4,19,985
You lose:1.2%
100+ reviews
Trusted by 40,000+ businesses
Over $1B processed • Licensed by RBI
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Adyen vs Razorpay: understanding the key differences

Both Adyen and Razorpay are well-known names for international payments, but they differ in who can use them from India, fees, export documentation like FIRA, GST compliance, settlement timelines, and support. Here is how they compare side by side.
Featuresadyenrazorpay
Transfer feesInterchange++ plus 0.60% + $0.13 per transaction (~3.5% est. on international cards)1% on bank transfers (cards 3%, wallets 3.5%)
Forex markupNot published, contract-specificZero, live exchange rate
FIRANot offered at allAutomatic FIRA per transaction
eBRCNo eBRC, and no inward flow to need it forNot supported, closed on DGFT after your bank issues the IRM
GST-compliant invoiceNot available, no invoicing productBuilt-in invoicing tool that is GST compliant
Settlement time2 to 3 business days1 business day
Customer supportTicket-based, account managers for enterpriseIndia-based support
Best suited forEnterprise omnichannel acquiringLower-value invoices where 1% takes a smaller cut

Adyen vs Razorpay: pricing and forex breakdown

Beyond the published fees, the real cost is what lands in your bank after fees, forex and GST. Move the slider to see what each one works out to, and how Skydo compares.
With Skydo, you receive₹8,47,091
Money transferUSD 10,000
$500$10K$100K$1M
adyenFX not published
₹8,14,882
Exchange rate85.00
Forex markup₹0
Card fee₹29,750
Fixed fee₹11
GST (18%)₹5,357
Total fees₹35,118
You receive₹8,14,882
razorpay0% markup
₹8,39,970
Exchange rate85.00
Forex markup₹0
Transfer fee₹8,500
Fixed fee₹0
GST (18%)₹1,530
Total fees₹10,030
You receive₹8,39,970

Adyen vs Razorpay: compliance, payment rails, and platform comparison

adyen
  • No FIRA or e-FIRC — not offered at all
  • No eBRC support — and no inward flow to need it for
  • No GST-compliant invoicing; Adyen has no invoicing product
  • Purpose codes not handled — no export remittances move through Adyen
  • India licences: online PA (Jul 2024) plus import-side PA-CB only
razorpay
  • Generates a digital FIRA automatically for every transaction on the dashboard
  • No automated eBRC, you close it on the DGFT portal once your bank issues the IRM
  • Has a built-in invoicing tool that produces GST-compliant invoices
  • Leaves the purpose code to your AD bank at settlement, outside the payment flow
  • SOFTEX and EDPMS are handled separately, not by Razorpay

Adyen vs Razorpay: which one is right for you

There is no single winner. The right pick depends on who pays you, how large your invoices are, and how much paperwork you can handle.
01adyen

Choose Adyen if:

You are an enterprise selling omnichannel at scale and can meet sales-led minimums.
  • Global brand with an Indian entity acquiring from Indian consumers
  • High-volume retailer unifying online and in-store payments on one stack
  • Marketplace or platform needing split payments and sub-merchant payouts
  • Enterprise with developer teams ready for API integration
02razorpay

Choose Razorpay if:

You want bank transfer rails and 1% pricing with zero markup, and value an India-first stack.
  • You are an exporter or freelancer who wants to be paid by local bank transfer, like ACH, SEPA, or SWIFT, rather than card
  • You want 1% with zero forex markup instead of a percentage-plus-markup structure
  • You want automatic per transaction FIRA generated on the dashboard
  • You already run on Razorpay's India stack and want gateway, payouts, and collections in one dashboard

Skydo: a better alternative to Adyen and Razorpay

Featuresadyenrazorpay
Settlement time2 to 3 business days1 business day24 hours
Forex markupNot publishedZero, live rateZero, live rate
Transaction fee~3.5% est. on intl cards1% on transfers$19 up to $2k, $29 up to $10k, 0.3% aboveBest
FIRANot offeredAutomatic, per transactionFree, instant, per payment
eBRC and EDPMSNot supportedNot supported, handled with your AD bankOne-click eBRC, EDPMS closure assistance
GST invoicingNot availableBuilt in, GST compliantBuilt in, GST compliant
Customer supportTickets, enterprise account managersIndia-based supportIndia-based, on WhatsApp, call and email
Payment trackingReal-time dashboardDashboard, payment statusAuto tracked, remittance to bank deposit
RBI authorisationPA + import-side PA-CB onlyFull PA-CB (Dec 2025)Full PA-CB authorized
Losing money on each transfer but not sure how much?

See what our clients say about us

100+ reviews
Trusted by 40,000+ businesses
Shashank
“I'm looking for straightforward, transparent pricing. With most payment providers, it's hard to understand the actual fees and exchange rates, making it difficult to know what I'm really paying.”ShashankCEO, HCODE

Frequently asked questions

Which is better, Adyen or Razorpay, for international payments in 2026?+
It comes down to how your clients pay you and how much compliance you want handled. Adyen is enterprise-grade omnichannel acquiring trusted by global brands, but onboarding is sales-led with a minimum invoice, and its India cross-border licence covers import flows only. Razorpay handles international bank transfers at 1% with zero FX markup and automatic FIRA, though the percentage fee grows with invoice size. Adyen suits enterprise omnichannel acquiring, while Razorpay suits lower-value invoices and existing Razorpay users.
Is Adyen cheaper than Razorpay?+
Usually not. Adyen prices at Interchange++ plus 0.60% + $0.13, working out to roughly 3.5% on international cards — and its India licence covers import-side flows only, so Indian exporters cannot collect through it. Razorpay charges 1% plus GST on international bank transfers with zero forex markup, roughly 1.2% all in. Razorpay is generally cheaper, though what actually lands in your bank depends on invoice size.
Which provides better exchange rates, Adyen or Razorpay?+
Razorpay, on published information. Razorpay converts at the live exchange rate with zero markup, while Adyen does not publish FX pricing — it is contract-specific, and Indian merchants settle in INR only.
Do Adyen and Razorpay provide FIRA for Indian exporters?+
Adyen provides no FIRA or e-FIRC at all. Razorpay generates a digital FIRA automatically for every transaction. For GST refunds and export compliance an instant per-payment FIRA matters — Skydo issues one free with every payment.
Are Adyen and Razorpay RBI-approved for receiving payments in India?+
Adyen is an RBI-authorised online payment aggregator (July 2024) with PA-CB for outward, import-side flows only. Razorpay holds full PA-CB authorisation (Dec 2025) alongside its PA licence.
Is Adyen or Razorpay better for freelancers or businesses?+
Enterprises with an Indian entity acquiring omnichannel at scale lean towards Adyen — it is not an option for exporters collecting from abroad. Exporters who want bank-transfer rails at a low percentage fee, or who already run on Razorpay's India stack, lean towards Razorpay.
Is there a better alternative to Adyen and Razorpay for receiving money in India?+
Skydo is built for Indian exporters and freelancers. It charges a flat fee ($19 up to $2k, $29 up to $10k, 0.3% above) that works out cheaper than a percentage fee as invoices grow, with zero forex markup, instant FIRA on every payment, one-click eBRC and EDPMS closure assistance, built-in GST-compliant invoicing, full RBI PA-CB authorisation, and India-based support.

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Start receiving global payments with Skydo and keep more of what you earn.