PingPong Pricing: Complete Guide on Fee Breakdown
PingPong advertises a flat 1% withdrawal fee. The real cost is higher once the FX markup users report is added. Here's the full breakdown for Indian sellers, with a worked example and a side-by-side calculator versus Skydo.
₹4,04,867Over $1B processed • Licensed by RBI
Approved underRBI's PA-CB framework
Approved underRBI's PA-CB framework
PingPong Pricing Overview
PingPong's pricing has one visible component: a flat 1% fee charged when you withdraw funds to your Indian bank. There are no monthly subscriptions or setup fees. FIRA is generated free of charge.
The catch is what isn't shown. Users report a hidden FX markup of 0.5% to 2% on top of the 1% fee. All-in, that's roughly 1.5-3% of every USD payout.
Compared to PayPal (5-8%), PingPong is cheaper on paper. Compared to Skydo's flat $19 to $29 pricing with zero FX markup, PingPong costs more on every $5K+ payout, and the gap widens as the FX markup compounds with invoice size.
PingPong Transfer Fees Explained
PingPong's fee is a flat 1% shown on the dashboard before withdrawal. Users report a hidden FX markup of 0.5% to 2% on top.
Approximate all-in cost for common currencies
FIRA charges
PingPong: Free, automatic for every transaction, downloadable from dashboard. Skydo provides free instant per-transaction FIRA.
Multi-currency hold
PingPong: RBI prevents holding foreign currency. Skydo offers multi-currency virtual accounts.
PingPong Exchange Rate and FX Margin
Users report a hidden FX markup of 0.5% to 2% on top of the mid-market rate, on top of the 1% withdrawal fee.
Where PingPong costs you is this reported FX layer. On a $5,000 payment, the estimated all-in cost lands around $75 to $150, roughly ₹6,750 to ₹13,500.
For low-volume marketplace payouts, PingPong's flat 1% fee looks competitive on the surface. For high-volume B2B receivables into India, Skydo's flat pricing with a published zero-markup FX rate is verifiable and, in most cases, cheaper.
PingPong Gaps and Charges to Watch For
Where PingPong's pricing leaves gaps for Indian exporters.
No published FX rate
the real cost of every payout is an estimate, not a fact.
No eBRC support
Amazon and export-incentive filings need an eBRC, which PingPong does not provide - closing it becomes your own paperwork.
No GST-compliant invoicing
Invoices for your GST filings have to be prepared outside the platform.
No India-based support
Support is not India-based, so escalation during payment holds can be slow.
No published transaction limit
clarity depends on marketplace-side caps.
Not a licensed PA-CB
operates as a liaison office and OPGSP instead.
How Much Does PingPong Actually Cost? (Real Example)
An Indian seller withdraws a $5,000 marketplace payout, with today's mid-market rate at 1 USD = ₹90.
Invoice
$5,000.00
Breakdown
PingPong — what you lose
Invoice
$5,000.00
Breakdown
Skydo — what you keep
Over 12 monthly invoices of $5K each: PingPong could cost ~₹44,000-1,25,000/year more than Skydo, depending on the hidden 0.5% to 2% FX markup users report.
PingPong Pricing vs Skydo Pricing
Here's a clear side-by-side of every PingPong and Skydo fee, so you can see what each platform actually costs you per transaction.
Transaction fee structure
1% flat
Flat $19 / $29 / 0.3%
Fee on $1,000 invoice
~$15-30
$19
Fee on $5,000 invoice
~$75-150
$29
Fee on $10,000 invoice
~$150-300
$29
Fee on $50,000 invoice
~$750-1500
$150
FIRA
Free, automatic
Free, instant, per payment
Multi-currency hold (India)
RBI prevents holding foreign currency
Yes
Is PingPong Worth the Cost for Indian Exporters?
PingPong has real strengths for some businesses. For Indian B2B receivables, the math depends on invoice size and compliance needs.
PingPong is worth it when.
PingPong's flat 1% fee is worth it for smaller, frequent marketplace payouts where the FX markup has less absolute impact and marketplace integration saves you manual work.
PingPong stops being worth it when.
PingPong stops being worth it once payouts cross the $5,000 to $10,000 range, where the FX markup users report can add hundreds of dollars that a flat-fee platform like Skydo avoids.
Frequently Asked Questions About PingPong Pricing
What is PingPong's effective cost on a typical USD to INR transfer?
PingPong's own fee is a flat 1%. Users also report a hidden FX markup of 0.5% to 2%, putting the all-in cost at roughly 1.5-3%.
Does PingPong charge a forex markup?
Users report a hidden FX markup of 0.5% to 2% on top of the mid-market rate.
Are there volume discounts on PingPong?
PingPong doesn't publicly disclose any volume discount structure.
What is the cheapest way to receive payments in India?
For most invoice sizes, a flat-fee platform with a published, zero-markup FX rate like Skydo works out cheaper than a percentage-fee platform where users report a hidden 0.5% to 2% FX markup.
Does PingPong provide FIRA?
Yes. PingPong generates FIRA automatically and free of charge for every incoming transaction, downloadable from the dashboard.
Should I use PingPong or Skydo?
If you want a published, verifiable exchange rate and India-based compliance support, Skydo is the stronger fit. If marketplace integration matters most, PingPong is worth considering.
Stop Guessing PingPong's Real FX Rate
- Save with a published, zero-markup FX rate instead of an estimate
- Get international bank accounts in 5 mins across US, UK, EU and more
- Real time payment tracking and instant FIRA