How to Receive International Payments in India from Etsy
- An instant, free FIRA on every transfer, so your inward remittance is documented from day one
- eBRC support, so you can actually claim your RoDTEP and duty drawback
- GST invoicing built in, with the export-under-LUT paperwork in order
- The live mid-market rate with 0% FX markup on any settlement Skydo can receive, so you keep more of it
Client pays
Etsy
Approved underRBI's PA-CB framework
How do Etsy payouts to India work?
Etsy pays Indian sellers through Payoneer, so the payout route is set. What you still control is where you convert and how you document it.What fees and FX markup apply to Etsy payouts in India?
Etsy sends Indian sellers through Payoneer, so this is less a choice of rails than a choice of where you convert. Here is a $10,000 month, broken down line by line.- Platform withdrawal fee
- $0.00
- Skydo flat fee
- n/a
- FX rate applied
- —
0% markup- Platform withdrawal fee
- $0.00
- Skydo flat fee
- − $29.00
- FX rate applied
- —
What is the best way to receive Etsy payouts in India?
Etsy pays through Payoneer, so the choice is less about the rail and more about where you convert and how you document it. Compared on a $10,000 selling month.| Direct Platform | Payment Platforms | Wire (SWIFT) | Skydo | |
|---|---|---|---|---|
| Cost | ||||
| Forex markup | Payoneer's conversion cut to INR | A second transfer adds its own conversion at the bank end | Your bank's conversion markup at the INR end | 0%, live mid-market |
| Withdrawal fee | Payoneer's withdrawal fee to an Indian bank | Provider transfer fee, then bank charges | $10 to $30 in intermediary and correspondent fees | $19 to $29 flat, 0.3% above $10,000 |
| FIRA cost | No FIRA by default; raise the FIRC yourself | No FIRA by default; raise the FIRC yourself | ₹300 to ₹500 per wire from your AD bank | Free on every transfer |
| Compliance | ||||
| FIRA | Not issued; raise the FIRC through your own bank | Most providers issue none for Indian export compliance | Request from your AD bank per wire | Instant and free on every transfer |
| eBRC support | Not provided | Not provided | Not provided | Supported, so you can claim RoDTEP and duty drawback |
| GST-compliant fee invoice | Not issued | Not issued | Bank charge advice only | Issued for every fee charged |
| Purpose code on record | Set by the partner bank | Set by the provider | Declared by you to the bank | Mapped at onboarding, shown on every FIRA |
| RBI authorisation | Bank-regulated | Varies by provider | Bank-regulated | Full PA-CB, granted January 2026 |
| Experience | ||||
| Time to your bank | Per the platform payout cycle | 2 to 5 business days | 2 to 5 business days | 2 to 3 business days |
| Hold USD before converting | No | Yes, in the provider wallet | Only with an EEFC account | Yes, across 32+ currencies |
| Support | Branch and bank helpline | Global ticket queue | Branch relationship manager | India-based, WhatsApp and phone |
Stay on Payoneer's INR conversion if:
- You sell under $1,000 a month, where the flat fee outweighs the markup you save
- Etsy is a side income and you do not claim export benefits under GST or RoDTEP
- You want one account and no second step to manage
Document and convert with Skydo if:
- Selling is real income and the embedded markup is worth avoiding
- You want the live mid-market rate with 0% markup and one flat fee
- You need an instant free FIRA plus eBRC support to claim RoDTEP and duty drawback
How much can you save on Etsy payouts with Skydo?
Because Etsy routes through Payoneer, the saving is the conversion markup you avoid by converting on your own terms, less Skydo's flat fee, plus the compliance you would otherwise pay for separately. It scales with volume.Monthly billing $2,000Saved per payout —
Monthly billing $5,000Saved per payout —
Monthly billing $10,000Saved per payout —
What compliance do you need for Etsy income in India?
| Stage | What happens | What you do |
|---|---|---|
| Shipping bill filed | EDF is submitted automatically with it at EDI ports | None at major ports; manual EDF at non-EDI ports |
| Customs clears | An EDPMS entry is created against the shipping bill | None |
| Documents to bank | Invoice, packing list, postal export documentation for parcels | Send within 21 days |
| Payment arrives | Bank matches it to the EDPMS entry and closes it | Confirm the entry actually closed |
| eBRC | Generated on the DGFT portal once the entry is closed | Apply, then claim RoDTEP or duty drawback |
How long do Etsy payouts to India take?
Etsy releases your balance to Payoneer on your deposit schedule. The clock below starts after that, on the route you choose.| Route | Payoneer to account | Account to your bank | Total |
|---|---|---|---|
| Payoneer INR to Indian bank | 1 business day | 1 to 3 business days | 2 to 4 business days |
| Payoneer USD held, then wired | 1 business day | 2 to 5 business days | 3 to 6 business days |
| Skydo USD account | Up to 2 business days | Same or next day | 2 to 3 business days |
Frequently asked questions
Can I receive Etsy payments directly into an Indian bank account?
Not directly. Etsy pays Indian sellers through Payoneer, and from Payoneer you can convert to INR to your bank or hold USD and route it onward. Either way, no FIRA is issued by default.
What is the cheapest way to receive Etsy payouts in India?
For anything above roughly $1,000 a month, receiving in USD to a virtual account in your own name and converting at the live mid-market rate beats Etsy's embedded markup. Skydo charges one flat fee ($19 under $2,000, $29 up to $10,000, 0.3% above, plus GST) instead of a percentage of every settlement.
Does Etsy provide a FIRA or FIRC for Indian sellers?
No. Etsy issues at most a remittance advice, not a FIRA, so you would otherwise raise the FIRC through your own bank (about ₹300 to ₹500 and roughly a week). Skydo issues a free FIRA on every transfer and supports the eBRC you need to claim RoDTEP and duty drawback.
Do I need to pay GST on Etsy export income?
Exports are zero-rated under Section 16 of the IGST Act, so you charge no GST if you file a LUT (Form GST RFD-11) at the start of the financial year. Register for GST once turnover crosses ₹20 lakh (₹10 lakh in special category states), and keep your GSTR-1 and GSTR-3B matching the shipping bill so refunds are not held up.
Which purpose code applies to Etsy earnings?
Physical goods exports use a goods-export code from the P01xx family, assigned by your bank against the shipping bill, not the software or services codes.
Can I avoid Etsy's fees?
No. Etsy's selling and referral fees come off before your balance is paid, and no payout method changes them. What you can control is the FX markup and the withdrawal cost on the way to India.
How do I switch my Etsy payout to a Skydo USD account?
Open a Skydo account (KYC takes about five minutes with your PAN and business details), then route your Payoneer USD balance to your Skydo virtual account for conversion and a free FIRA. Skydo is authorised by the RBI as a Payment Aggregator, Cross Border.