Cheapest way to receive AUD in India

Here are the most cost-effective ways to receive AUD in India:

• Skydo: An RBI-authorised platform built specifically for Indian exporters and freelancers, offering fast transfers, competitive exchange rates, and transparent pricing that typically makes it one of the most cost-effective options available.
• Direct bank transfer via SWIFT: Traditional method where your Australian client sends funds directly to your Indian bank account, though SWIFT fees and unfavorable exchange rate markups can add up quickly.
• Wise: A digital platform that uses mid-market exchange rates with clear upfront fees, though transfer speed and regulatory compliance vary.
• Payoneer: Allows you to receive payments into virtual accounts and withdraw to Indian banks, with fees deducted from the transferred amount.
• PayPal: Widely accepted but charges currency conversion fees of around 3% to 4% plus withdrawal fees to Indian bank accounts.

Compare the total landed amount after all fees and exchange rate differences to find the genuinely cheapest option for your situation.