Receive International Payments as a Pharmaceutical Exporter in India

Every international payment shouldn't cost you a part of your margin. With Skydo, pharmaceutical exporters receive more from every payment with better exchange rates, transparent pricing, and built-in compliance.

Zero forex markup. Get the rate you see on Google
One transparent flat fee. No hidden charges
Free, instant FIRA with every payment
Receive INR in less than 24 hours

Accept payment from 150+ countries

USD

Client pays

You'll receiveINR

Banks

PayPal

Over $1B processed • Licensed by RBI

Approved under
RBI's PA-CB framework

How do pharmaceutical exporters in India receive international payments?

Most pharmaceutical exporters get paid through a bank wire, a payment gateway, a remittance service, or a cross-border payments platform. Each route differs in what it costs, how long the money takes to arrive, and how much paperwork you chase yourself.

Bank Wire Transfer (SWIFT)SWIFT transfer is the traditional banking route for receiving money from a client abroad, using your bank account number and SWIFT code. The sender's bank routes the funds through the SWIFT network, often via multiple correspondent banks, before crediting your Indian account, and Indian banks typically apply a forex markup along the way, for example crediting you at ₹92/USD instead of the actual ₹94/USD.

Pros

Connects to virtually any bank globally, works for any currency pair

No eligibility checks or approval needed on the client's end to send

Cons

1–3% worse forex rates vs mid-market

Possible intermediary bank deductions ($10–$40)

Slow settlement (3–7 business days)

Settlement Time3–7 business days

Cost$15–50 sender/intermediary fees + FX markup + paperwork charges

FIRANot automatic, request separately from your AD bank at an added cost

Ideal forLarge transfers by established businesses prioritising safety

Pros

Connects to virtually any bank globally, works for any currency pair

No eligibility checks or approval needed on the client's end to send

Cons

1–3% worse forex rates vs mid-market

Possible intermediary bank deductions ($10–$40)

Slow settlement (3–7 business days)

Settlement Time3–7 business days

Cost$15–50 sender/intermediary fees + FX markup + paperwork charges

FIRANot automatic, request separately from your AD bank at an added cost

Ideal forLarge transfers by established businesses prioritising safety

PayPalPayPal is an online payment gateway that lets a client pay you directly through an invoice or checkout link. The payment lands in your PayPal wallet instantly, PayPal then converts it and auto-withdraws it to your linked Indian bank account.

Pros

One of the most recognised gateways. Widely accepted

Funds land in your PayPal wallet instantly, before withdrawal

Cons

4.4% + $0.30 + 3-4% FX = 5-8% effective cost

No automated eBRC, no GST invoicing

Settlement Time1–3 business days

Cost4.4% + fixed fee + FX markup + GST, ~9% all-in

FIRANot issued per transaction. Only monthly FIRA

Ideal forOne-off or low-ticket payments, clients who specifically prefer PayPal

WiseWise Business is a multi-currency account that gives you real local account details in currencies like USD, GBP, and EUR. A client pays into those details as if they're paying a local business, and Wise converts the funds to INR at the mid-market rate before settling to your Indian bank.

Pros

Converts at the real mid-market rate

Local account details mean the client avoids their own international wire fees

Cons

1.6–1.8% platform fee scales with invoice size

FIRA costs $2.50 per certificate

Settlement Time1–2 business days after conversion

CostConversion fee (varies by currency) + FIRA fee + 18% GST on both

FIRAFIRA at $2.50 per certificate

Ideal forFreelancers with smaller, frequent payments in supported currencies

StripeStripe is a payment gateway built for accepting card payments online, with deep checkout and subscription tooling. In India, it currently runs invite-only, a client pays by card in one of 135+ currencies, and the funds settle to your account once approved and onboarded.

Pros

Best-in-class developer tools and APIs

135+ currencies, card acceptance worldwide

Cons

Invite-only access in India, card-only

~6-7% effective cost

Settlement Time2–5 business days

Cost~4.3% processing + ~2% conversion + 18% GST, ~6–7% all-in

FIRANot issued

Ideal forSaaS/subscription businesses already invite-approved for billing

Remittance Services (Western Union, MoneyGram, etc.)Remittance services are money-transfer networks built for personal transfers rather than business payments. A sender visits an agent or app abroad, and the money reaches you as a cash pickup or bank deposit, usually within a day or two.

Pros

Fast for personal transfers

No account setup needed on your end

Cons

Not suited for business or export payments

No FIRA issued

Settlement TimeFast. 1 business day

CostService fees + FX markup, up to 5–10% of value

FIRANot issued, unsuitable for business compliance

Ideal forPersonal transfers (NRI remittances, one-off gifts), not business invoicing

Recommended

SkydoSkydo is an RBI-authorised platform built specifically for Indian exporters and freelancers to receive international payments. It gives you real account details in the US, UK, EU, Canada, and Australia, a client pays into those like a local business, and Skydo converts and settles the funds to your Indian bank account.

Pros

Zero markup, live mid-market rate

Flat transparent fee, not a percentage

Instant, automatic, free FIRA on every transaction

Cons

Flat fee means smaller invoices (under $1,000) carry a higher effective rate

Inward payments only, no outward remittance yet

Settlement TimeWithin 24 hours

CostFlat $19 (up to $2,000), $29 ($2,001–$10,000), 0.3% (above $10,000), zero FX markup

FIRAInstant, automatic, and free on every transaction

Ideal forIndian freelancers and exporters

How much can pharmaceutical exporters save with Skydo?

Every international payment quietly loses money to exchange rate markup, platform fees, intermediary bank charges, and FIRA fees. Move the slider to see how much Skydo puts back into your margin.

You keep with Skydo

Money transferUSD 5,000

PayPal4% markup

Exchange rate—

SWIFT fee$0

Documentation fee$0

Platform fee4.4%

GST (18%)—

You receive—

Bank1.5% markup

Exchange rate—

SWIFT fee$30.00

Documentation fee$5.00

Platform fee$5.00

GST (18%)—

You receive—

0% markup

Exchange rate—

SWIFT fee₹0

Documentation fee₹0

Platform fee₹2,407

GST (18%)—

You receive—

How Skydo works for pharmaceutical exporters

You set up Skydo just once, it takes about 5 minutes. After that, you get paid like a local business in your client's country, with compliance handled by Skydo on every payment. Here are the detailed steps.

Step 1

Open your accountSign up and get virtual USD, EUR and GBP accounts in less than 5 minutes. No setup fee, no monthly cost.

Step 2

Share the detailsGive your client the virtual account details. They pay using a simple local bank transfer.

Step 3

Receive and convertThe money is converted at a live mid-market rate with 0% markup and a low flat fee.

Step 4

FIRA and payoutFunds settle to your Indian bank within 24 hours, and your FIRA is generated automatically every time.

How does Skydo compare to other payment platforms for Pharmaceutical Exporters?

We compared the top six factors Indian exporters weigh when receiving international payments. Here is how each provider stacks up, so you can glance and see the real difference.

Features
Flat Fee
0% FX
Speed	3-5 days	1-3 days	1-2 days	1-2 days	2-7 days	24 Hours
Instant FIRA
India Based Support
RBI PA-CB Authorisation

How do pharmaceutical exporters stay compliant
while receiving international payments?

Getting paid from abroad means closing each shipping bill in EDPMS with an eBRC. Here's what applies to you, and what Skydo handles for you.

01FIRAA Foreign Inward Remittance Advice is your proof that export money legally entered India. Skydo generates a FIRA automatically on every payment, so the document is ready the moment funds land.

02Purpose CodeEvery foreign payment must carry an RBI purpose code that declares why the money came in. Skydo tags the correct purpose code on each remittance, so your paper trail stays clean and payments don't get held up.

03GST ReportingExport of goods is zero-rated under GST, but you still have to report it correctly once you cross the registration threshold. Skydo gives you a GST-ready invoice on every payment.

04LUTA Letter of Undertaking lets GST-registered exporters bill global clients without paying IGST upfront. Skydo keeps the invoice and FIRA of every payment, giving you the proof your claim relies on.

05IECAn Importer Exporter Code is mandatory to export goods. Without it you can't clear customs or receive export payments. Skydo keeps every payment tied to your export records, so your IEC paper trail stays clean.

06Shipping BillThe shipping bill is a customs document filed when your goods leave India. Skydo provides the matching inward remittance proof for each shipment, so your export and payment records line up.

07EDPMS Auto-EntryEDPMS is the RBI system that keeps every export open until payment is realised. Skydo helps you close these entries by mapping each payment to its shipment.

08eBRC GenerationAn eBRC is your proof that export payment was realised. Connect DGFT, upload your shipping bills, and Skydo auto-maps payments so you generate eBRCs without errors.

What should Pharmaceutical Exporters look
for in a payment service?

Your payment method decides how fast you get paid, how much paperwork you chase, and how easily buyers can pay you. Check these six before you commit.

Total Cost, Not Sticker FeeAdd up the FX markup, transaction & fixed fees, and GST. Markup usually costs more than the quoted fee.

Look forMid-market rates + flat pricing

Country CoverageA platform that skips your client's region forces costly workarounds on every payment.

Look forCoverage in your top 3 markets

Settlement SpeedSome methods take 3 to 7 days to land. Slow settlement means your money sits while bills wait.

Look forPayouts within 24 hours

Client ExperienceIf paying you is awkward or unfamiliar, clients delay, and your invoice waits longer to clear.

Look forLocal accounts in buyer countries

FIRA & ComplianceChasing your bank for each remittance proof burns hours you'd rather spend on your next shipment.

Look forAuto-issued FIRA per payment

Support QualityWhen a payment goes missing, a ticket queue and a 12-hour reply gap is the last thing you need.

Look forIndia-based phone & WhatsApp

Why Pharmaceutical Exporters
trust Skydo

Thousands of Indian freelancers and exporters already get paid through Skydo. Here's why pharmaceutical exporters keep choosing it.

“We want our customers to have a seamless, intuitive payment experience from start to finish. Payments should feel effortless, regardless of where our customers are located.”

VarunCEO, Tealbox

50K+Customers onboarded

200K+Payments processed annually

4.8+Average rating

Skydo is authorised by the Reserve Bank of India as a Payment Aggregator, Cross Border (PA-CB). Your money moves through a regulated channel, every time.

Frequently asked questions

How can a pharmaceutical exporter in India receive international payments?

You can receive payments by bank wire, a payment gateway, a remittance service, or a cross-border payments platform like Skydo. With Skydo you get local receiving accounts, so your buyer pays you like a local business in their country. Setup takes about 5 minutes and payments settle within 24 hours.

What is the cheapest way for pharmaceutical exporters to receive payments from overseas clients?

The cheapest route is the one with no exchange rate markup and no percentage cut on the invoice. Skydo converts at the mid-market rate with zero FX markup and charges a flat fee: $19 under $2,000, $29 from $2,001 to $10,000, and 0.3% above $10,000. Banks usually add a markup, intermediary charges, and a FIRA fee on top of that.

How long does it take to receive an international payment?

Skydo settles into your Indian bank account within 24 hours of the funds arriving. A bank wire normally takes three to five working days. Your FIRA is issued instantly and free on every payment, so you are not waiting on paperwork after the money lands.

What compliance applies to pharmaceutical exporters receiving foreign payments?

You need an IEC to export at all, a shipping bill filed at customs for every consignment, and that shipping bill reconciled against the inward payment in EDPMS. The eBRC is the closing proof that your export proceeds were realised. Skydo is authorised by the Reserve Bank of India as a Payment Aggregator, Cross Border (PA-CB) and generates the FIRA automatically on every payment.

Do I get a FIRA on every payment?

Yes. Skydo issues an instant, free FIRA on every payment you receive, at no extra cost. For a goods export the FIRA alone does not close the loop, you still need the shipping bill matched in EDPMS and the eBRC to complete it. Keep the FIRA with those documents for your bank and DGFT records.