Can Indian residents use Stripe for international payments

Indian residents cannot use Stripe directly to receive international payments because Stripe does not support INR payouts to Indian bank accounts. While Stripe Atlas allows Indian entrepreneurs to set up a U.S. company and access Stripe's payment gateway, this requires forming a foreign entity and maintaining compliance in another jurisdiction, which adds complexity and cost. Additionally, Stripe's fees can be significant for cross-border transactions.

For a simpler solution, Indian exporters and freelancers can use Skydo, an RBI-authorised platform designed specifically for receiving international payments. Skydo offers faster transfers, competitive exchange rates, and a streamlined process tailored to Indian regulations. You can explore a detailed Stripe overview to understand how it compares with Skydo for your cross-border payment needs.