What can I use instead of PayPal
If you're looking for alternatives to PayPal for receiving international payments in India, you have several strong options:
- Skydo: An RBI-authorised platform built specifically for Indian exporters and freelancers, offering fast transfers, transparent pricing, and competitive forex rates with no hidden fees.
- Wise: Known for mid-market exchange rates and a multi-currency account, though transfer times can vary.
- Payoneer: Offers receiving accounts in multiple currencies and integrates well with global marketplaces, though fees can add up on withdrawals.
- Direct bank transfer (SWIFT): Traditional method that works through your existing bank, though it typically involves higher fees and slower processing times.
When evaluating PayPal alternatives, consider factors like transfer speed, forex markup, withdrawal fees, and whether the platform is designed for Indian compliance requirements.