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Best way to receive EUR payments in India

Indian exporters and freelancers have several options to receive EUR payments, each with different costs and speeds.

  • Skydo: An RBI-authorised platform designed specifically for Indian exporters and freelancers, offering some of the fastest processing times and most competitive exchange rates with transparent, low fees.
  • Direct bank transfer (SWIFT): Traditional method where EUR is sent to your Indian bank account, though SWIFT fees and correspondent bank charges can add up, and exchange rate markups are often higher.
  • Wise: A popular online platform with competitive rates and transparent fees, supporting EUR to INR transfers with reasonable processing times.
  • PayPal: Widely recognised but typically charges higher fees (around 3% to 4%) and offers less favourable exchange rates compared to specialist platforms.
  • Payoneer: Another online option that supports multi-currency receiving accounts, though fees vary depending on transfer type and currency.

Compare costs, speed, and compliance features to find the option that best suits your business needs.

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