How to Receive International Payments in India from Joom
- 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
Joom
Approved underRBI's PA-CB framework
How do Joom payouts to India work?
Joom pays through its own payment partner, so the money reaches you the way Joom decides. Only the last stage is something you control.What fees and FX markup apply to Joom payouts in India?
The withdrawal fee is the part everyone checks. The conversion markup is the part that actually costs money. 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 Joom payouts in India?
Two routes, compared on what a $10,000 selling month actually delivers, plus the compliance paperwork each one leaves you holding.| Direct Platform | Payment Platforms | Wire (SWIFT) | Skydo | |
|---|---|---|---|---|
| Cost | ||||
| Joom payout fee | 0%, covered by Joom | 0%, covered by Joom | 0%, covered by Joom | 0%, covered by Joom |
| PSP receiving fee | ~1% platform receiving fee | ~1% platform receiving fee | ~1% platform receiving fee | ~1% local receiving fee |
| FX conversion markup | 1.5% to 2% embedded in the rate | A receiving and conversion fee on top | Your bank's conversion markup at the INR end | 0%, kept in native USD |
| Withdrawal / transfer fee | Included in the FX markup | Provider receiving fee | $10 to $30 in intermediary and correspondent fees | $19 to $29 flat, 0.3% above $10,000 |
| Regulatory documents | Free auto-generated eFIRA from some PSPs | Most providers issue none | ₹300 to ₹500 per wire from your AD bank | Instant, free FIRA 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 the INR route if:
- You sell under $1,000 a month, where the flat fee outweighs the markup you save
- Joom is a side income and you do not claim export benefits under GST or RoDTEP
- You want one screen and no second account to manage
Route the USD to a Skydo virtual account 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 Joom payouts with Skydo?
The saving is the 1.5% to 2% FX markup you stop paying, less Skydo's flat fee. It scales with volume, which is why it barely matters at $500 a month and matters a lot at $10,000.Monthly billing $2,000Saved per payout —
Monthly billing $5,000Saved per payout —
Monthly billing $10,000Saved per payout —
What compliance do you need for Joom 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 or courier export documentation | 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 Joom payouts to India take?
Joom clears your balance to its payment partner on its own payout cycle. The clock below starts after that, on the route you choose.| Route | PSP to account | Account to your bank | Total |
|---|---|---|---|
| PSP INR payout | 1 to 3 business days | Included | 1 to 3 business days |
| PSP USD to your own account | 1 to 3 business days | Included | 1 to 3 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 Joom payments directly into an Indian bank account?
Joom pays through a payment service provider, not straight from Joom. The PSP can send INR to your Indian bank with a 1.5% to 2% markup embedded, or USD to a virtual account in your name so you convert on your own terms.
What is the cheapest way to receive Joom 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 Joom'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 Joom provide a FIRA or FIRC for Indian sellers?
No. Joom 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 Joom 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 Joom 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 Joom's fees?
No. Joom'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 Joom payout to a Skydo USD account?
Open a Skydo account (KYC takes about five minutes with your PAN and business details), get your USD virtual account details, and set them as the payout destination with Joom's PSP. Skydo is authorised by the RBI as a Payment Aggregator, Cross Border.