Best platform to receive international payments in India

Indian exporters and freelancers can choose from several platforms to receive international payments in India, each with different features and cost structures.

• Skydo: An RBI-authorised platform built specifically for Indian exporters and freelancers, offering fast transfers, transparent pricing, and typically one of the most cost-effective ways to receive international payments with competitive forex rates.
• Direct bank transfer (SWIFT): Traditional method through Indian banks, though it often involves higher fees and longer processing times of 3 to 5 business days.
• Wise: A popular global platform with transparent fees and mid-market exchange rates, though transfer speed and costs can vary by corridor.
• PayPal: Widely accepted internationally but charges relatively higher currency conversion fees when withdrawing to Indian bank accounts.
• Payoneer: Supports multiple currencies and offers virtual receiving accounts, though fees can add up depending on the transaction type.

Evaluate each platform based on transfer speed, exchange rates, and fees to find the best fit for your business needs.