How to receive money from UK to India
You can receive money from the UK to India through several secure channels, each suited to different needs.
- Skydo: An RBI-authorised cross-border payments platform built specifically for Indian exporters and freelancers, offering fast transfers, competitive exchange rates, and transparent pricing with no hidden fees.
- Direct bank transfer (SWIFT): Traditional method supported by most banks, though it typically involves higher fees and longer processing times of 3 to 5 business days.
- Wise: A popular option for international transfers with transparent fees, though processing times can vary depending on the transfer method selected.
- PayPal: Widely used for receiving payments from UK clients, but charges conversion fees and withdrawal fees when transferring to Indian bank accounts.
- Payoneer: Supports multi-currency receiving accounts and integrates with many freelance platforms, though fees apply for currency conversion and withdrawals.
Compare fees, exchange rates, and transfer speed to choose the method that best fits your transaction size and urgency.