Razorpay vs Skydo: What's best for Indian exporters in 2026?
- Cheaper than Razorpay's card rate on a typical $10K invoice
- Flat fee vs Razorpay's 1% + GST on bank transfers
- Instant FIRA, eBRC and GST invoicing built in
- Built for India, trusted by 30,000+ businesses
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
₹ 4,13,325You lose:0.4%
₹1,754 more received via Skydo
Razorpay 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 | ~$115 (1% on bank transfers (cards 3%, wallets 3.5%)) | $29 flat fee |
| Forex markup | Zero, live exchange rate | Live mid-market rate, 0% markup |
| Compliance | ||
| FIRA | Automatic FIRA per transaction | Instant, free, per-transaction |
| eBRC | Not supported, closed on DGFT after your bank issues the IRM | Automated for Amazon Global Selling |
| GST invoicing | Built-in invoicing tool that is GST compliant | Built-in GST compliant invoicing |
| RBI authorization | Full PA-CB (Dec 2025) | Full PA-CB authorization |
| Payment & experience | ||
| Settlement to bank | 1 business day | Within one business day |
| Customer support | India-based support | India-based WhatsApp, email, phone |
| Founded | 2014, Bengaluru, India | 2022, Bengaluru, India |
Razorpay vs Skydo: Pricing and Forex
See what a typical invoice actually costs on Razorpay versus Skydo's one flat fee at the live mid-market rate.
You're receiving🇺🇸$
Converted to🇮🇳INR
Amount received$5,000.00
Transfer fee (1%)-$50.00
Amount after fees$4,950.00
FX rate applied0% markup₹83.5000
Converted amount (INR)₹4,13,325
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 ₹1,754 more with Skydo
Compliance, Payment Rails, and Platform Comparison
Fees matter. So does everything else.
FIRC auto-generated within 24 hours at no extra cost
Instant per-transaction FIRA within 24 hours
eBRC automation not explicitly confirmed anywhere yet
Automated eBRC, especially for Amazon Global Selling
GST-compliant export invoicing supported
GST-compliant invoice generation built in
Guided purpose-code selection at onboarding
Correct purpose code assignment, full transparency
SOFTEX and EDPMS handling isn't publicly documented
SOFTEX / EDPMS handled in compliance workflow
No more chasing your CA every quarter or your bank for stamped certificates the day before a GST deadline.
Who Should Use Razorpay Over Skydo?
Razorpay still wins in a few situations. Here are the ones worth knowing.
Razorpay is better for
- Freelancers and SaaS teams using Razorpay domestically
- Amazon Global sellers wanting auto FIRC
- Businesses valuing full RBI PA-CB licensing
- Exporters fine with a 1% fee per invoice
- When India-first compliance matters most
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 Razorpay to Skydo
You don't need to close Razorpay 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
Razorpay vs Skydo: Frequently Asked Questions
Razorpay vs Skydo: which is cheaper for receiving international payments in India?+
It depends on invoice size. Razorpay's MoneySaver Export Account charges 1% plus GST with zero FX markup, cheaper than Razorpay's own card rate and much cheaper than PayPal. Skydo charges a flat $19-29 regardless of size, which works out cheaper than Razorpay's 1% once invoices cross a few thousand dollars.
Razorpay vs Skydo: which has better forex rates for USD to INR conversion?+
Both apply the live exchange rate with zero FX markup, which is a genuine strength for each. The difference is in the fee layered on top: Razorpay charges a flat 1% plus GST that scales with invoice size, while Skydo charges a fixed fee that stays the same regardless of how large the invoice is.
Does Skydo provide FIRA and eBRC that Razorpay does not offer?+
Both generate FIRA/FIRC automatically. Razorpay auto-generates FIRC within 24 hours at no cost, but doesn't explicitly confirm automated eBRC on its public pages. Skydo provides both FIRA and eBRC automatically by default, which may matter more if your DGFT filings specifically require eBRC documentation.
Razorpay vs Skydo: which is better for Indian IT services and SaaS companies?+
Both work reasonably well for Indian IT services and SaaS exporters, since both offer zero FX markup and reasonably fast settlement. Razorpay may suit those already using it for domestic payments, while Skydo's flat-fee model tends to save more once monthly invoice volumes or individual invoice sizes grow larger.
Can I migrate from Razorpay to Skydo without losing existing international clients?+
Yes. Migrating to Skydo doesn't require telling your international clients anything beyond updated payment details on your invoices. You can run both Razorpay and Skydo in parallel for a few weeks while transitioning invoices, so no existing client relationship is disrupted in the process.
Is Skydo RBI authorized like Razorpay for cross-border payments to India?+
Yes, both hold RBI cross-border authorisation, though through different license types. Razorpay holds the PA-CB licence obtained in December 2025, while Skydo is built specifically around RBI-aligned compliance workflows for Indian exporters from the outset, with FIRA and eBRC automated by default.
Bengaluru, Karnataka
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