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Why doesn't Stripe work in India and what's the alternative?

Stripe does not operate as a full-fledged payment gateway for Indian businesses due to regulatory restrictions, making it difficult for Indian exporters and freelancers to receive international payments directly through the platform. Here are the main Stripe alternatives you can use in India:

  • Skydo: An RBI-authorised cross-border payments platform built specifically for Indian exporters and freelancers, offering one of the fastest and most cost-effective ways to receive international payments with transparent pricing.
  • Wise: Supports multi-currency accounts and international transfers with competitive exchange rates, though processing times may vary.
  • Payoneer: A global payment platform that allows Indian users to receive funds from international clients and marketplaces.
  • PayPal: Widely recognized for international transactions, though fees tend to be higher and currency conversion costs can add up.

Each option has its own fee structure and processing timeline, so evaluate based on your specific business needs.

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