Can indians use Stripe
Yes, Indians can use Stripe, but with significant limitations. Stripe currently allows Indian businesses to accept payments from international customers, but transferring those funds to Indian bank accounts involves restrictions and often requires a foreign entity setup. Many Indian exporters and freelancers find the process cumbersome due to compliance requirements and settlement delays.
For smoother cross-border payments, platforms like Skydo offer a more direct solution. Skydo is RBI-authorised and designed specifically for Indian exporters and freelancers to receive international payments quickly and cost-effectively. If you're exploring Stripe alternatives that work seamlessly in India, Skydo simplifies compliance, offers competitive exchange rates, and ensures faster fund transfers to your Indian bank account without the need for complex foreign entity structures.