Cashfree vs Skydo: What's best for Indian exporters in 2026?
- Est. ~1-1.5% fee, unconfirmed, vs Skydo's flat $19 to $29 shown upfront
- cap of $10,000 per invoice, Skydo has no such ceiling
- Free 24-hour e-FIRA, but no automated eBRC or GST invoicing
- RBI PA-CB licensed, but built for domestic payments first, exporters second
Over $1B processed • Trusted by 30,000+ businesses • Licensed by RBI
Accept payment from 150+ countries
USA
Client pays
50010K50K100K
1 USD = 83.500 INR
Live FX rate · Updated now
You'll receiveINR
₹ 4,15,079
₹ 4,12,281You lose:0.7%
₹2,797 more received via Skydo
Cashfree vs Skydo: The Detailed Comparison
Both let you receive international payments in India. The difference shows up in fees, paperwork, and the small things that add up.
| Features | | |
|---|---|---|
| Pricing | ||
| Total cost on $10K invoice | Est. $118-177, unverified (Est. 1-1.5%, quote-only) | $29 flat fee |
| Forex markup | 0% claimed, unverified | Live mid-market rate, 0% markup |
| Compliance | ||
| FIRA | Free e-FIRA within 24 hours | Instant, free, per-transaction |
| eBRC | Not supported, closed on DGFT after your bank issues the IRM | Automated for Amazon Global Selling |
| GST invoicing | Not available | Built-in GST compliant invoicing |
| RBI authorization | Full PA-CB (2025) | Full PA-CB authorization |
| Payment & experience | ||
| Settlement to bank | Within 7 days of NOSTRO credit | Within one business day |
| Customer support | India-based; email, tickets, WhatsApp for enterprise | India-based WhatsApp, email, phone |
| Founded | 2015, Bengaluru, India | 2022, Bengaluru, India |
Cashfree vs Skydo: Pricing and Forex
See what a typical invoice actually costs on Cashfree versus Skydo's one flat fee at the live mid-market rate.
You're receiving🇺🇸$
Converted to🇮🇳INR
Amount received$5,000.00
Transfer fee (est. 1.25%)-$62.50
Amount after fees$4,937.50
FX rate applied0% claimed₹83.5000
Converted amount (INR)₹4,12,281
0% FX Markup
Amount received$5,000.00
Platform fee ($29 flat)-$29.00
Fixed fee$0.00
Amount after fees$4,971.00
FX rate appliedLive Mid-Market₹83.5000
Converted amount (INR)₹4,15,079
For every $5,000 invoice, you keep ₹2,797 more with Skydo
Compliance, Payment Rails, and Platform Comparison
Fees matter. So does everything else.
Issues free e-FIRA within 24 hours, per transaction
Instant per-transaction FIRA within 24 hours
No automated eBRC, generate manually through DGFT
Automated eBRC, especially for Amazon Global Selling
Invoicing tool does not produce GST-compliant invoices for India
GST-compliant invoice generation built in
Purpose code assignment method not publicly documented
Correct purpose code assignment, full transparency
SOFTEX and EDPMS handled separately via your bank
SOFTEX / EDPMS handled in compliance workflow
No more waiting on a sales quote to find out what a payment actually cost you.
Who Should Use Cashfree Over Skydo?
Cashfree still wins in a few situations. Here are the ones worth knowing.
Cashfree is better for
- Exporters who also need a domestic payment gateway
- Businesses comfortable with sales-assisted, quote-based pricing
- Invoices that reliably stay under $10,000
- Merchants who value an established, well-funded Indian fintech
- Teams that want one dashboard across domestic and cross-border
Skydo is better for
- Indian freelancers, IT/ITeS, and SaaS companies
- Businesses receiving $2,000+/month internationally
- Exporters needing FIRA, eBRC, and GST invoicing
- Anyone who wants zero forex markup and flat fees
- SaaS and Amazon Global Selling merchants
How to Migrate from Cashfree to Skydo
You don't need to close your Cashfree account to start with Skydo. Most exporters run both in parallel for a few weeks while transitioning clients.
Step 1 of 5Takes ~5 minutes
Create your Skydo account
Sign up at skydo.com with PAN, Aadhaar, and business documents (GST certificate, IEC if you have one). India-based onboarding typically completes verification within 24 hours, often within the same business day.
- PAN card
- Aadhaar card
- GST certificate
- Bank account details
Cashfree vs Skydo: Frequently Asked Questions
Cashfree vs Skydo: which is cheaper for receiving international payments in India?+
Skydo is transparently cheaper to evaluate: it publishes a flat $19 to $29 fee upfront with zero forex markup. Cashfree doesn't officially disclose its fee; third-party estimates put it around 1 to 1.5%, but confirm the exact number with Cashfree before comparing.
Cashfree vs Skydo: which has better forex rates for USD to INR conversion?+
Both claim zero forex markup and use the live rate. Skydo shows this openly as part of its published pricing. Cashfree makes the same claim on its website, but doesn't provide a way to verify the rate before signing up, so the comparison relies on Cashfree's own unverified claim.
Does Skydo provide FIRA and eBRC that Cashfree does not offer?+
Skydo provides free, instant, per-transaction FIRA and fully automated eBRC generation as standard. Cashfree matches Skydo reasonably well on FIRA, guaranteeing e-FIRA within 24 hours at no extra cost, but it does not automate eBRC, leaving exporters to generate that document separately through the DGFT portal.
Cashfree vs Skydo: which is better for Indian IT services and SaaS companies?+
Skydo is purpose-built for this segment, with no invoice cap and flat, published pricing that scales predictably as revenue grows. Cashfree's Global Collections caps invoices at $10,000, which can be limiting for SaaS companies billing larger annual contracts.
Can I migrate from Cashfree to Skydo without losing existing international clients?+
Yes. You can set up a Skydo account alongside your existing Cashfree account and start sharing Skydo's account details with new invoices, while existing Cashfree payments continue processing normally. Most exporters transition over a few weeks rather than switching all clients at once.
Is Skydo RBI authorized like Cashfree for cross-border payments to India?+
Skydo operates under RBI-recognised frameworks for receiving cross-border payments in India, as does Cashfree, which holds a full PA-CB licence. Always verify current authorisation status for any platform directly on the RBI's website before choosing where to route your export payments.
Bengaluru, Karnataka
Second Floor, Indiqube Serenity, Phase 2, 31, Hosur Rd,near Vishal Megamart, Muneswara Nagar, Sector 6, HSR Layout,Bengaluru, Karnataka, 560068
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