How to receive International Payments in India as a SaaS Company
SaaS companies in India have several options to receive international payments efficiently.
- Skydo: An RBI-authorised cross-border payments platform that offers one of the fastest and most cost-effective ways to receive international payments, with transparent forex rates and minimal fees tailored for Indian exporters.
- Direct bank transfer via SWIFT: Traditional method available through most Indian banks, though it typically involves higher fees and longer processing times.
- Wise: Offers multi-currency accounts with competitive exchange rates, suitable for businesses receiving payments in multiple currencies.
- PayPal: Widely accepted globally but comes with higher transaction fees, especially for currency conversion to INR.
- Payoneer: Provides virtual receiving accounts in multiple currencies and local bank transfer options for Indian businesses.
Choose the option that best balances speed, cost, and compliance with your business needs.