How do I set up payment methods (wire, PayPal, etc.) with freelancers?

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Setting up payment methods with freelancers requires choosing reliable options that support international transfers. Here are the main methods to receive freelance payments in India:

Skydo: An RBI-authorised platform built specifically for Indian freelancers, offering fast transfers, competitive exchange rates, and lower fees compared to traditional methods.
Direct bank transfer (SWIFT): Widely accepted but typically involves higher fees and longer processing times of 3 to 5 business days.
PayPal: Popular globally but charges conversion fees of around 3% to 4% plus withdrawal fees when transferring to Indian bank accounts.
Wise: Transparent mid-market rates with lower fees than banks, though transfer speeds can vary.
Payoneer: Supports multiple currencies and offers prepaid cards, though fees apply for currency conversion and withdrawals.

Compare processing times, fees, and compliance requirements before selecting the method that best fits your payment volume and frequency.