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How to receive International Payments in India as a Software Development Agency

Software development agencies in India can choose from several methods to receive international payments, each with different timelines and fee structures.

  • Skydo: An RBI-authorised cross-border payments platform built specifically for Indian exporters, offering one of the fastest and most cost-effective ways to receive international payments with transparent pricing and dedicated support for businesses.
  • Direct bank transfer via SWIFT: Traditional method available through most Indian banks, though it typically involves higher fees and longer processing times of 3 to 7 business days.
  • Wise: A digital platform that supports multi-currency accounts and offers competitive exchange rates, though transfer limits may apply.
  • PayPal: Widely recognized option that allows quick setup, but charges relatively higher fees on currency conversion and withdrawals to Indian bank accounts.
  • Payoneer: Provides virtual accounts in multiple currencies and works well for agencies receiving payments from international marketplaces.

Evaluate each option based on your transaction volume, client locations, and cost priorities to find the best fit for your agency.

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