How to receive payment from international clients
Indian exporters and freelancers can choose from several methods to receive international payments, each with different features.
- Skydo: An RBI-authorised cross-border payments platform built specifically for Indian businesses and freelancers. It offers fast transfers, transparent pricing, and competitive exchange rates, making it one of the most cost-effective ways to receive international payments.
- Direct bank transfer (SWIFT): Traditional method supported by most banks, though it typically involves higher fees and longer processing times of 3 to 7 business days.
- Wise: A popular fintech option with transparent fees, though it may have limitations on the types of businesses it serves in India.
- PayPal: Widely recognized platform, but currency conversion fees can be significant and withdrawal to Indian accounts involves additional charges.
- Payoneer: Offers multi-currency accounts and supports various payment methods, though fees vary based on transaction type.
Compare how you receive a foreign remittance in a savings account across these options to find the best fit for your business needs.