Adyen vs Skydo: What's best for Indian exporters in 2026?

Skydo — though the real answer is that Adyen isn't an option for this. Its Indian PA-CB covers import flows only, so an exporter can't receive through it. Modelling Adyen's international card fees anyway: roughly 3.5% (est.) on a $5,000 invoice, about $175, versus Skydo's flat $34.22 including GST. On every metric that matters to an exporter — access, price, FIRA — Skydo wins by default.

Skydo converts at the live mid-market rate with zero markup, and shows the rate before you accept. Adyen publishes no FX margin — conversion pricing is contract-specific, and Indian merchants settle in INR without any choice of holding currency. For a rate you can verify against Google at settlement time, Skydo is the transparent option.

Yes. Skydo issues a free digital FIRA for every payment instantly and automates eBRC generation — both core to GST refunds and export compliance. Adyen offers neither; its docs contain no FIRA, e-FIRC or eBRC references, and its Indian flows (domestic acquiring, import-side cross-border) never produce export documentation. If your CA asks for FIRAs every quarter, that's the difference.

For collecting client payments from abroad — the core revenue motion of Indian IT services and SaaS exporters — Skydo: flat fees, mid-market FX, instant FIRA, automated eBRC, five-minute onboarding. Adyen enters the picture only if you also sell to Indian consumers at enterprise scale through an Indian entity — a different business problem. Plenty of firms would run Skydo for exports alongside enterprise acquiring for domestic sales.

There's nothing to migrate — if you're an Indian exporter, your receivables never ran through Adyen. Setting up Skydo takes about five minutes with PAN and Aadhaar, verification typically within 24 hours; you then share local account details (US, UK, EU and more) with clients, who pay like a domestic transfer. Enterprises keep Adyen for Indian domestic acquiring; the two don't conflict.

Yes — and for the exporter's side of the flow, more completely. Skydo holds full RBI PA-CB authorisation for inward and outward transactions (inward January 2026, outward May 2026) plus an online PA licence; both appear on RBI's authorised-operators list. Adyen India holds an online PA licence (July 2024) and PA-CB for outward flows only. Same regulator, same list — different categories, and the category decides who can collect your export payments.