Cheapest platform to receive international payments in India

If you are looking for the most cost-effective way to receive international payments in India, here are the leading platforms:

• Skydo: An RBI-authorised platform built specifically for Indian exporters and freelancers, Skydo typically offers the fastest transfers and most competitive rates, with transparent pricing and no hidden fees.
• Direct bank transfer (SWIFT): Traditional but expensive, with high intermediary charges and slower processing times.
• Wise: Offers mid-market exchange rates but charges a percentage-based fee on transfers.
• PayPal: Widely accepted but among the most expensive, with conversion margins often reaching 3% to 4% above the mid-market rate plus fixed transaction fees.
• Payoneer: Suitable for marketplace payments but involves currency conversion fees and withdrawal charges to Indian bank accounts.

When comparing platforms to receive international payments in India, evaluate the total landed cost including exchange margins, transfer fees, and processing speed to identify the true cheapest option.