logo

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

  • 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
  • PayGlocal runs a tiered multi-currency account fee with no FX markup — flat $10-$18, then 0.25% above $7,500 — but onboarding is sales-assisted rather than instant self-serve
  • 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
Razorpay
₹4,19,985
You lose:1.2%
PayGlocal
₹4,23,195
You lose:0.4%
100+ reviews
Trusted by 40,000+ businesses
Over $1B processed • Licensed by RBI
RBI PA-CB authorizedHDFC BankISO 27001 certifiedVisa

Razorpay vs PayGlocal: understanding the key differences

Both Razorpay and PayGlocal 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.
FeaturesrazorpayPayGlocal
Transfer fees1% on bank transfers (cards 3%, wallets 3.5%)$10/$18 flat, then 0.25% by tier
Forex markupZero, live exchange rateZero, live interbank rate
FIRAAutomatic FIRA per transactionAutomated, free, instant
eBRCNot supported, closed on DGFT after your bank issues the IRMNot stated as automated
GST-compliant invoiceBuilt-in invoicing tool that is GST compliantInvoicing tool, GST format not stated
Settlement time1 business dayWithin 24 hours of conversion
Customer supportIndia-based supportPhone, email, tickets, account manager
Best suited forLower-value invoices where 1% takes a smaller cutCards plus multi-currency collections on one stack

Razorpay vs PayGlocal: 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
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
PayGlocal0% markup
₹8,48,195
Exchange rate85.00
Forex markup₹0
Transfer fee₹1,530
Fixed fee₹0
GST (18%)₹275
Total fees₹1,805
You receive₹8,48,195

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

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
PayGlocal
  • FIRA generated automatically on every settlement, not weekly or consolidated
  • No published claim of automated eBRC for DGFT filing
  • GST-compliant invoicing not specifically stated
  • Purpose code assignment not publicly disclosed
  • SOFTEX and EDPMS not stated as platform-automated

Razorpay vs PayGlocal: 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.
01razorpay

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
02PayGlocal

Choose PayGlocal if:

You want a single RBI-authorised stack covering cards, multi-currency accounts and domestic UPI.
  • Business also processing significant card-payment volume
  • Exporter wanting a dedicated account manager over self-serve
  • Enterprise needing custom volume-based pricing
  • Business that can live without a published eBRC or purpose-code claim

Skydo: a better alternative to Razorpay and PayGlocal

FeaturesrazorpayPayGlocal
Settlement time1 business dayWithin 24 hours24 hours
Forex markupZero, live rateZero, interbankZero, live rate
Transaction fee1% on transfers$10/$18 flat, 0.25% above$19 up to $2k, $29 up to $10k, 0.3% aboveBest
FIRAAutomatic, per transactionAutomated, free, instantFree, instant, per payment
eBRC and EDPMSNot supported, handled with your AD bankNot statedOne-click eBRC, EDPMS closure assistance
GST invoicingBuilt in, GST compliantTool, GST not statedBuilt in, GST compliant
Customer supportIndia-based supportPhone, email, account managerIndia-based, on WhatsApp, call and email
Payment trackingDashboard, payment statusReal-time notificationsAuto tracked, remittance to bank deposit
RBI authorisationFull PA-CB (Dec 2025)Full PA-CB-I&O (Nov 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, Razorpay or PayGlocal, for international payments in 2026?+
It comes down to how your clients pay you and how much compliance you want handled. Razorpay handles international bank transfers at 1% with zero FX markup and automatic FIRA, though the percentage fee grows with invoice size. PayGlocal runs a tiered multi-currency account with no FX markup and full RBI authorisation, though onboarding is sales-assisted rather than instant. Razorpay suits lower-value invoices and existing Razorpay users, while PayGlocal suits card payments plus collections on one stack.
Is Razorpay cheaper than PayGlocal?+
Usually not. Razorpay charges 1% plus GST on international bank transfers with zero forex markup, roughly 1.2% all in. PayGlocal runs tiered pricing — flat $10 to $2,000, $18 to $7,500, then 0.25% — with zero FX markup, roughly 0.25 to 1% all in. PayGlocal is generally cheaper, though what actually lands in your bank depends on invoice size.
Which provides better exchange rates, Razorpay or PayGlocal?+
Neither builds a meaningful markup into the rate. Razorpay converts at the live exchange rate with zero markup, and PayGlocal converts at the live interbank rate with zero markup. The cost difference between them comes from fees rather than the exchange rate.
Do Razorpay and PayGlocal provide FIRA for Indian exporters?+
Razorpay generates a digital FIRA automatically for every transaction. PayGlocal generates FIRA automatically and free on every settlement. For GST refunds and export compliance an instant per-payment FIRA matters — Skydo issues one free with every payment.
Are Razorpay and PayGlocal RBI-approved for receiving payments in India?+
Razorpay holds full PA-CB authorisation (Dec 2025) alongside its PA licence. PayGlocal holds full PA-CB-I&O and PA-O authorisation (Nov 2025).
Is Razorpay or PayGlocal better for freelancers or businesses?+
Exporters who want bank-transfer rails at a low percentage fee, or who already run on Razorpay's India stack, lean towards Razorpay. Businesses that also process card payments and want one RBI-authorised stack lean towards PayGlocal.
Is there a better alternative to Razorpay and PayGlocal 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.

Ready to save more on international payments?

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