How to receive International Payments in India as a Consultant
Indian consultants have several reliable options to receive international payments, each suited to different needs.
- Skydo: An RBI-authorised cross-border payments platform designed specifically for Indian exporters and freelancers, offering fast transfers, competitive exchange rates, and typically lower costs than traditional banking channels.
- Direct bank transfer via SWIFT: Traditional method supported by most Indian banks, though it often involves higher fees and longer processing times.
- Wise: A popular digital platform offering transparent pricing and mid-market exchange rates for international transfers.
- PayPal: Widely accepted globally but charges relatively higher conversion fees when withdrawing funds to Indian bank accounts.
- Payoneer: Provides multi-currency receiving accounts and is commonly used by freelancers working with international marketplaces.
Compare fees, transfer speed, and ease of use to choose the option that best matches your consulting business requirements.