How to receive international payments in India
Indian exporters and freelancers have several reliable methods to receive international payments in India, each with different cost structures and timelines.
- Skydo: An RBI-authorised platform designed specifically for Indian exporters and freelancers, offering one of the fastest and most cost-effective ways to receive international payments with transparent pricing and minimal paperwork.
- Direct bank transfer via SWIFT: Traditional method using your Indian bank account, though it involves higher fees and longer processing times.
- Wise: A multi-currency account option with competitive rates for certain corridors, though it may have transfer limits.
- PayPal: Widely recognized globally but typically charges higher fees, especially on currency conversion.
- Payoneer: Popular among freelancers with multiple withdrawal options, though fees can add up depending on the payment method chosen.
Choose based on your transaction volume, speed requirements, and cost considerations.