Guide for Service Exporters
Menu
Compare

Cashfree Payments vs Dodo Payments (2026): Which Is Better for Receiving International Payments in India?

Author:
Editorial team, serviceexportguide.com
Verified by:
Editorial team
Published
Last modified
Fees checked on
Reading time
14 min read

Short answer

Neither Cashfree Payments nor Dodo Payments publishes enough pricing to estimate the cost of a USD 5,000 receipt, so there is no cost verdict. The better choice depends on how your client pays: Cashfree Payments is best for registered businesses paid by local transfer, and Dodo Payments is best for software and digital product sellers.1234

Use caseBetter optionWhy
Bank transfer of USD 5,000Cannot compareNeither publishes full pricing for this case.
Bank transfer of USD 2,000Cannot compareNeither publishes full pricing for this case.
Client paying USD 2,000 by card or linkCannot compareNeither publishes full pricing for this case.
Cashfree Payments is best forCashfree PaymentsRegistered businesses paid by local transfer.12
Dodo Payments is best forDodo PaymentsSoftware and digital product sellers.34

1,000 USD = ₹94,243 at the reference rate for 13 November 2026 (European Central Bank data).

Estimated rupees received, on published fees

Sorted by estimated rupees received, highest first. Only providers that publish both their fee and their conversion markup for this currency and method can be estimated.

#Provider and routeBest forFee (+GST)MarkupYou receiveCost
1Karbon BusinessLowest estimated costBank transfer to a Karbon virtual USD accountUS bank transfers and marketplace payouts₹942plus GST, rate not stated0%₹93,131 to ₹93,3011.00 to 1.18%
2RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan)Local transfers from the US, UK and eurozone₹1,000plus GST, rate not stated0%₹93,063 to ₹93,2431.06 to 1.25%
3WinvestaGlobal Collections Account, standard plan (up to 2,000 a month per currency)Local transfers with a published per-payment fee₹1,4350%₹92,8091.52%
4SkydoPayment link (InstaLinks) paid by ACH debitLocal bank transfers from major markets₹1,885plus GST, rate not stated0%₹92,019 to ₹92,3582.00 to 2.36%
5PayoneerLocal bank transfer to Payoneer receiving account detailsMarketplace payouts such as Amazon or Upwork₹0no GST stated1 to 4%₹90,473 to ₹93,3011.00 to 4.00%
6PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice)Clients paying by card or PayPal balance₹4,175no GST stated3 to 4%₹86,465 to ₹87,3667.30 to 8.25%

Not estimated because pricing is not fully published: Cashfree Payments, Dodo Payments, PingPong, Stripe, Tazapay, TransFi, Wise.

Where a provider says GST applies to its fee but not at what rate, the range runs from no GST to 18%, the rate Skydo, Stripe and Winvesta state on their pages. Estimates use each provider's published fee, conversion markup, GST on fees and FIRA charge, checked 2026-10-28, against the reference rate. They exclude charges taken by intermediary banks and your own bank, and the rate a provider actually applies at the time of conversion. Check the provider's pricing page before you choose. The order is calculated only from these published numbers; no provider can pay to change its position, and there are no affiliate links.

How do Cashfree Payments and Dodo Payments compare at a glance?

Cashfree Payments and Dodo Payments compare on the twelve points below, using each provider's published information as checked on 28 October 2026. Where a provider does not publish something, the table says so.567

Cashfree PaymentsDodo Payments
Best forRegistered businesses paid by local transfer12Software and digital product sellers34
FeesGlobal Collections: Not published. The pricing page shows 'Request Price' and describes a 'Low, processing fee; no hidden charges'. Cashfree says there is no setup cost.564% + 40c per transaction for US cards and wallets, +1.5% for cards and payment methods outside the US, 4% + 15c for Indian cards and UPI (plus international fees where applicable), +0.5% for subscriptions, 1.5% capped at $15 or EUR 15 for ACH or SEPA direct debit.7
FX markupCashfree says Global Collections has no forex markup and that it handles conversion to INR in real time. The exchange rate used and any spread are not published.861Adaptive Currency costs the business 0%; Dodo says buyers pay a 2 to 4% FX fee. Standard foreign exchange rates apply on non-USD settlements, with no rate published. If the receiving bank account is in another currency, the bank converts on arrival at its own rate.79
SettlementGlobal Collections: Not published for the exporter. Cashfree says funds are swept to a NOSTRO account and repatriated to India no later than seven days after credit. International card gateway: T+2 per Cashfree's documentation.610Dodo's FAQ says funds typically reach the bank 1 to 2 business days after a payout is initiated, and elsewhere 1 to 5 business days. Its Master Service Agreement says the supplier fee is paid on or before the 20th of the following month.113
FIRACashfree's Global Collections page says an e-FIRA is generated at no extra cost within 1 day. Its documentation says its AD-1 partner bank issues an eFIRS on a T+1 basis, obtained by request through the support form or account manager. For the card gateway, Cashfree mentions monthly FIRC reports and instant FIRS.681210Dodo's blog says a FIRA is available on request to support@dodopayments.com and that Dodo routes payouts through its payment partner and shares the FIRA once generated. Its documentation and terms do not mention FIRA. Cost not published.139
CurrenciesGlobal Collections local account details in USD, EUR, CAD and GBP, plus SWIFT. Cashfree's documentation lists 17 supported currencies; its marketing pages say 30+ currencies from 180+ countries. The card gateway is described as accepting 140+ currencies.2810Dodo says buyers can pay in 80+ currencies through Adaptive Currency. Payout balances are held in USD, GBP and EUR wallets; INR payouts have been discontinued.79
KYC: who can sign upBusinesses only, per Cashfree. Its pricing page says it currently enables cross-border payments only for businesses, and its Global Collections documentation says you must be a registered business in India. Cashfree does not publish which legal forms (sole proprietor, partnership, LLP, company) qualify.51Individuals (no registered business needed; PAN mandatory for Indians) and registered entities, including sole proprietors with a GSTIN. Dodo says it does not support physical goods or e-commerce websites.11
RBI PA-CB statusCashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.14812Dodo Payments acts as merchant of record under a Master Service Agreement with Dodo Payments Inc. and its group companies (Dodope Payments Limited and Sarvapanchhi Technologies Private Limited). None of these entities appears in the RBI's list of authorised payment aggregators dated 16 October 2026, and Dodo does not publish an RBI authorisation.315
SupportSupport form in the merchant dashboard and an account manager; Global Collections onboarding is through Contact Sales. Enterprise customers get a dedicated account manager and WhatsApp support.1218Email support@dodopayments.com.13
LimitsGlobal Collections: invoice value up to USD 10,000 per transaction, per Cashfree; no daily or monthly cap on the number of transactions. The RBI Master Direction sets ₹25 lakh per transaction for PA-CB export transactions.12616Not published. Payout threshold is $100 by default and can be lowered to $50.
How clients payGlobal Collections: local bank transfer to collection account details (ACH in the US, SEPA in Europe, EFT in Canada, Faster Payments in the UK) or SWIFT. International Payment Gateway: international cards (Visa, Mastercard, American Express) on a checkout, and PayPal through the merchant's own linked PayPal account.21017Buyers pay Dodo at its checkout or through Dodo invoicing: cards, Apple Pay, Google Pay and other wallets, BNPL, PayPal, ACH and SEPA direct debit, and in India UPI and Indian cards. The business may not invoice buyers itself.73
Card paymentsYes, through the International Payment Gateway. Published platform fee: 2.99% for Visa and Mastercard international cards, 2.95% for American Express. PayPal is charged at PayPal's own rates; Cashfree says it adds no gateway charge for PayPal.58Yes. Buyers pay by card at Dodo's checkout; the fee is 4% + 40c, plus 1.5% for cards issued outside the US.7

How much INR do you receive on $2,000, $5,000 and $10,000 with Cashfree Payments vs Dodo Payments?

The INR you receive with Cashfree Payments and Dodo Payments is the invoice at the reference rate, less each provider's fee, conversion markup, GST on fees and FIRA charge. The table works this out from published pricing at today's rate.

None of these providers publishes both a fee and a conversion markup for USD.

Not estimated because pricing for USD is not fully published: Cashfree Payments, Dodo Payments.

Ranked by INR received on USD 5,000. Reference rate: European Central Bank data for 13 November 2026. Fees, conversion markup, GST on fees and FIRA charges as published by each provider, checked 28 October 2026. Ranges appear where a provider publishes a range or does not state its GST rate. Intermediary bank charges are excluded. See the methodology.

What is Cashfree Payments and who is it for?

Cashfree Payments is a Bengaluru-based payment company, authorised by the RBI as a cross-border payment aggregator for inward and outward transactions, whose Global Collections product gives Indian businesses local collection account details abroad and settles receipts in INR.1412

  • Regulated by: Cashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.14812
  • Used by: Businesses only, per Cashfree. Its pricing page says it currently enables cross-border payments only for businesses, and its Global Collections documentation says you must be a registered business in India. Cashfree does not publish which legal forms (sole proprietor, partnership, LLP, company) qualify.51
  • Best for: Registered businesses paid by local transfer.12

What is Dodo Payments and who is it for?

Dodo Payments is a merchant of record: it resells a business's digital product to buyers as the legal seller, handles customer-side sales tax and chargebacks, and pays the business a supplier fee in USD, GBP or EUR.349

  • Regulated by: Dodo Payments acts as merchant of record under a Master Service Agreement with Dodo Payments Inc. and its group companies (Dodope Payments Limited and Sarvapanchhi Technologies Private Limited). None of these entities appears in the RBI's list of authorised payment aggregators dated 16 October 2026, and Dodo does not publish an RBI authorisation.315
  • Used by: Individuals (no registered business needed; PAN mandatory for Indians) and registered entities, including sole proprietors with a GSTIN. Dodo says it does not support physical goods or e-commerce websites.11
  • Best for: Software and digital product sellers.34

How do Cashfree Payments and Dodo Payments fees and FX markup compare?

Cashfree Payments and Dodo Payments charge in different ways, so compare the fee and the conversion markup together, not the headline fee alone.

What does Cashfree Payments charge?

Transaction typeFeeFX markupGST on feesBest for
Global Collections: local account details or Global SWIFT AccountNot published650%Not statedClients paying by local bank transfer
International Payment Gateway: Visa or Mastercard international cards2.99%5Not publishedNot statedClients paying by card
International Payment Gateway: American Express2.95%5Not publishedNot statedClients paying by card

What does Dodo Payments charge?

Transaction typeFeeFX markupGST on feesBest for
One-time payment by US card or wallet at Dodo checkout4% + USD 0.479Not publishedNot statedClients paying by card
One-time payment by card or other payment method outside the US5.5% + USD 0.479Not publishedNot statedClients paying by card
One-time payment by ACH (USD) or SEPA (EUR) direct debit1.5%79Not publishedNot statedClients paying through a payment link

How do Cashfree Payments and Dodo Payments compare on settlement speed?

Cashfree Payments and Dodo Payments publish these settlement times for money reaching an Indian bank account.

PlatformSettlement timePayout to IndiaBest for
Cashfree PaymentsGlobal Collections: Not published for the exporter. Cashfree says funds are swept to a NOSTRO account and repatriated to India no later than seven days after credit. International card gateway: T+2 per Cashfree's documentation.610Automatic. Receipts are converted to INR and settled to the exporter's Indian bank account; Cashfree says balances cannot be held in foreign currency or settled to a foreign currency account. No separate withdrawal fee is published.16Registered businesses paid by local transfer12
Dodo PaymentsDodo's FAQ says funds typically reach the bank 1 to 2 business days after a payout is initiated, and elsewhere 1 to 5 business days. Its Master Service Agreement says the supplier fee is paid on or before the 20th of the following month.113Dodo pays out from USD, GBP or EUR wallets on a schedule (bi-monthly by default) once the balance reaches the threshold ($100 default, $50 minimum). Payout fee is $5 for payouts below $1,000 under standard pricing; USD SWIFT payouts for non-US businesses cost $25. Correspondent and receiving bank charges may also be deducted. Dodo's pricing table separately lists regular payouts as free.97Software and digital product sellers34

Do Cashfree Payments and Dodo Payments provide FIRA and e-BRC, and are they RBI PA-CB authorised?

Cashfree Payments and Dodo Payments publish the FIRA position and RBI status below, checked on 28 October 2026. An e-BRC is generated by the exporter on the DGFT portal from bank remittance data, so it does not depend on the provider issuing one.37

PlatformFIRARBI PA-CB statusBest for
Cashfree PaymentsCashfree's Global Collections page says an e-FIRA is generated at no extra cost within 1 day. Its documentation says its AD-1 partner bank issues an eFIRS on a T+1 basis, obtained by request through the support form or account manager. For the card gateway, Cashfree mentions monthly FIRC reports and instant FIRS.681210Cashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.14812Registered businesses paid by local transfer12
Dodo PaymentsDodo's blog says a FIRA is available on request to support@dodopayments.com and that Dodo routes payouts through its payment partner and shares the FIRA once generated. Its documentation and terms do not mention FIRA. Cost not published.139Dodo Payments acts as merchant of record under a Master Service Agreement with Dodo Payments Inc. and its group companies (Dodope Payments Limited and Sarvapanchhi Technologies Private Limited). None of these entities appears in the RBI's list of authorised payment aggregators dated 16 October 2026, and Dodo does not publish an RBI authorisation.315Software and digital product sellers34

Which currencies, countries and payment methods do Cashfree Payments and Dodo Payments support?

Cashfree Payments and Dodo Payments accept the currencies and payment methods below, as each publishes them.

PlatformCurrenciesHow clients payCard paymentsBest for
Cashfree PaymentsGlobal Collections local account details in USD, EUR, CAD and GBP, plus SWIFT. Cashfree's documentation lists 17 supported currencies; its marketing pages say 30+ currencies from 180+ countries. The card gateway is described as accepting 140+ currencies.2810Global Collections: local bank transfer to collection account details (ACH in the US, SEPA in Europe, EFT in Canada, Faster Payments in the UK) or SWIFT. International Payment Gateway: international cards (Visa, Mastercard, American Express) on a checkout, and PayPal through the merchant's own linked PayPal account.21017Yes, through the International Payment Gateway. Published platform fee: 2.99% for Visa and Mastercard international cards, 2.95% for American Express. PayPal is charged at PayPal's own rates; Cashfree says it adds no gateway charge for PayPal.58Registered businesses paid by local transfer12
Dodo PaymentsDodo says buyers can pay in 80+ currencies through Adaptive Currency. Payout balances are held in USD, GBP and EUR wallets; INR payouts have been discontinued.79Buyers pay Dodo at its checkout or through Dodo invoicing: cards, Apple Pay, Google Pay and other wallets, BNPL, PayPal, ACH and SEPA direct debit, and in India UPI and Indian cards. The business may not invoice buyers itself.73Yes. Buyers pay by card at Dodo's checkout; the fee is 4% + 40c, plus 1.5% for cards issued outside the US.7Software and digital product sellers34

What are the strengths and limitations of Cashfree Payments and Dodo Payments?

Cashfree Payments and Dodo Payments each suit some exporters better than others. These points come from each provider's own pages.

What are the strengths and limitations of Cashfree Payments?

Strengths:

  • You bill through a registered Indian business and want overseas clients to pay by local transfer in USD, EUR, CAD or GBP, with INR settled automatically.12
  • Your invoices are each up to USD 10,000.12
  • You also want a card checkout for international clients, with a published platform fee.510

Limitations:

  • Global Collections pricing is not published; Cashfree quotes it on request.5
  • Cross-border payments are available only to businesses, so individuals without a registered business cannot use Global Collections per Cashfree.51
  • Invoice value is capped at USD 10,000 per transaction for Global Collections.12
  • Foreign currency balances cannot be held; all receipts settle in INR.6

What are the strengths and limitations of Dodo Payments?

Strengths:

  • You sell software, SaaS subscriptions or digital products to buyers in many countries and want another company to be the legal seller and handle sales tax, VAT and chargebacks.43
  • You are an individual without a registered business and hold a PAN.11
  • You are comfortable receiving payouts in USD, GBP or EUR on a fixed cycle rather than per payment.9

Limitations:

  • Not listed by the RBI as an authorised payment aggregator; Dodo does not publish an RBI authorisation.153
  • INR payouts have been discontinued; payouts go from USD, GBP or EUR wallets and any conversion happens at your bank.9
  • Does not support physical goods or e-commerce websites, and the business may not invoice buyers itself.113
  • FIRA availability is described only in a blog post and is on request; purpose code handling is not published.139
  • Dodo's own pages disagree on payout fees (free in the pricing table, $5 below $1,000 in the FAQ and documentation) and on payout timing.79113
  • Dodo cannot file the Export Declaration Form for the business.13

Should you choose Cashfree Payments or Dodo Payments?

Choose between Cashfree Payments and Dodo Payments by how your clients pay and your usual invoice size.

Choose Cashfree Payments if:

  • You bill through a registered Indian business and want overseas clients to pay by local transfer in USD, EUR, CAD or GBP, with INR settled automatically.12
  • Your invoices are each up to USD 10,000.12
  • You also want a card checkout for international clients, with a published platform fee.510

Choose Dodo Payments if:

  • You sell software, SaaS subscriptions or digital products to buyers in many countries and want another company to be the legal seller and handle sales tax, VAT and chargebacks.43
  • You are an individual without a registered business and hold a PAN.11
  • You are comfortable receiving payouts in USD, GBP or EUR on a fixed cycle rather than per payment.9

For example, say a designer invoices a US client USD 2,000. Because neither provider does not publish full pricing for that case, ask for a quote in writing and compare it with the FIRA rate after the first payment.86179

Which other platforms should you consider besides Cashfree Payments and Dodo Payments?

Other platforms to consider besides Cashfree Payments and Dodo Payments are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.1920212223242627293032343536

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets180.68%192021222324Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.2325Skydo review
Karbon BusinessUS bank transfers and marketplace payouts261.00 to 1.18%2627Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.26Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone281.00 to 1.18%2930Razorpay provides a Foreign Inward Remittance Statement (FIRS), sent to the contact email within 24 hours after settlement for bank transfers, and downloadable from the dashboard, which shows bank-provided certificates and Razorpay-generated statements. The pricing page lists FIRC or eFIRC as included and auto-generated for international cards. No separate charge is published.283130Razorpay review
WinvestaLocal transfers with a published per-payment fee32331.24%32343536Free e-FIRA, emailed within 24 hours of funds reaching the Indian bank account and downloadable from the dashboard; it shows the purpose code and exchange rate.3534Winvesta review

Compare every provider on your own invoice in the platform cost comparison.

How did we verify this?

We checked this page against the sources below on 28 October 2026. Provider fees, conversion markups and RBI payment aggregator (PA-CB) status were checked on 28 October 2026. Rupee amounts use European Central Bank reference rates for 13 November 2026. Read our methodology or report an error.

  1. [1]Cashfree Payments Docs, Global Collections overview (checked 2026-10-28)
  2. [2]Cashfree Payments Docs, Global Collections: Collection Accounts (checked 2026-10-28)
  3. [3]Dodo Payments, Master Service Agreement, last updated 26 February 2026 (checked 2026-10-28)
  4. [4]Dodo Payments, Merchant of Record for Global SaaS (checked 2026-10-28)
  5. [5]Cashfree Payments, Payment Gateway Charges (India), International Cards, Global Collections and Cross Border FAQ (checked 2026-10-28)
  6. [6]Cashfree Payments, Global Collections: International wire transfer for Indian businesses (checked 2026-10-28)
  7. [7]Dodo Payments, Pricing (checked 2026-10-28)
  8. [8]Cashfree Payments, Cross Border Payment solutions: Accept international payments (checked 2026-10-28)
  9. [9]Dodo Payments Documentation, Payouts Process (checked 2026-10-28)
  10. [10]Cashfree Payments Docs, International Payment Gateway (IPG) overview (checked 2026-10-28)
  11. [11]Dodo Payments Documentation, FAQs (checked 2026-10-28)
  12. [12]Cashfree Payments Docs, Global Collections FAQs (checked 2026-10-28)
  13. [13]Dodo Payments blog, Export Declaration Form (EDF): What Indian Service Exporters Need to Know, 12 October 2026 (checked 2026-10-28)
  14. [14]RBI, Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007 for setting up and operating payment systems in India, Payment Aggregators table (checked 2026-10-28)
  15. [15]RBI: Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, Payment Aggregators (PA-O, PA-P and PA-CB), list dated 16 October 2026 (checked 2026-10-28)
  16. [16]RBI, Master Direction on Regulation of Payment Aggregators, 15 September 2025
  17. [17]Cashfree Payments Docs, PayPal for International Payments (checked 2026-10-28)
  18. [18]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  19. [19]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  20. [20]Skydo, Home page (checked 2026-10-28)
  21. [21]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  22. [22]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  23. [23]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  24. [24]Skydo, Terms of use (checked 2026-10-28)
  25. [25]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  26. [26]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  27. [27]Karbon, PayPal alternative (checked 2026-10-28)
  28. [28]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  29. [29]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  30. [30]Razorpay, Pricing (checked 2026-10-28)
  31. [31]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  32. [32]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  33. [33]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  34. [34]Winvesta, Multi-currency account (checked 2026-10-28)
  35. [35]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  36. [36]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  37. [37]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  38. [38]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

Which is cheaper for Indian exporters, Cashfree Payments or Dodo Payments?+

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.86179 The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

Do Cashfree Payments and Dodo Payments give a FIRA to Indian exporters?+

Cashfree Payments: Cashfree's Global Collections page says an e-FIRA is generated at no extra cost within 1 day. Its documentation says its AD-1 partner bank issues an eFIRS on a T+1 basis, obtained by request through the support form or account manager. For the card gateway, Cashfree mentions monthly FIRC reports and instant FIRS.681210 Dodo Payments: Dodo's blog says a FIRA is available on request to support@dodopayments.com and that Dodo routes payouts through its payment partner and shares the FIRA once generated. Its documentation and terms do not mention FIRA. Cost not published.139

Can individual freelancers use Cashfree Payments and Dodo Payments?+

Cashfree Payments: Businesses only, per Cashfree. Its pricing page says it currently enables cross-border payments only for businesses, and its Global Collections documentation says you must be a registered business in India. Cashfree does not publish which legal forms (sole proprietor, partnership, LLP, company) qualify.51 Dodo Payments: Individuals (no registered business needed; PAN mandatory for Indians) and registered entities, including sole proprietors with a GSTIN. Dodo says it does not support physical goods or e-commerce websites.11

Are Cashfree Payments and Dodo Payments authorised by the RBI?+

Cashfree Payments: Cashfree Payments India Private Limited appears on the RBI list of authorised payment system operators as a Payment Aggregator (online and physical) and as PA-CB I & O, which the RBI defines as a Payment Aggregator, Cross Border facilitating inward and outward transactions. Cashfree's own pages also say Global Collections operates under the RBI's OPGSP (Online Payment Gateway Service Provider) guideline.14812 Dodo Payments: Dodo Payments acts as merchant of record under a Master Service Agreement with Dodo Payments Inc. and its group companies (Dodope Payments Limited and Sarvapanchhi Technologies Private Limited). None of these entities appears in the RBI's list of authorised payment aggregators dated 16 October 2026, and Dodo does not publish an RBI authorisation.315

How fast do Cashfree Payments and Dodo Payments pay out to an Indian bank?+

Cashfree Payments: Global Collections: Not published for the exporter. Cashfree says funds are swept to a NOSTRO account and repatriated to India no later than seven days after credit. International card gateway: T+2 per Cashfree's documentation.610 Dodo Payments: Dodo's FAQ says funds typically reach the bank 1 to 2 business days after a payout is initiated, and elsewhere 1 to 5 business days. Its Master Service Agreement says the supplier fee is paid on or before the 20th of the following month.113

Do I still need an LUT if I am paid through Cashfree Payments or Dodo Payments?+

Yes, if you are registered under GST and want to invoice the export without IGST. The Letter of Undertaking is a GST filing for the financial year, and it does not depend on how the money reaches you, whether through Cashfree Payments, Dodo Payments or a bank wire.38

This page is general information for Indian service exporters, not tax or legal advice. Rules change and outcomes depend on your facts, so confirm with a chartered accountant before acting.

Keep reading

Platforms

Cashfree Payments for Indian service exporters: how it works, costs and limits

How Cashfree Payments Global Collections and its international card gateway work for Indian service exporters: RBI status, who can sign up, FIRA, limits and costs.

Platforms

Dodo Payments for Indian service exporters: how it works, costs and limits

How Dodo Payments works for Indian software and digital product sellers: merchant of record model, GST and FEMA points, fees, USD payouts, FIRA, EDF and limits.

Compare

What Are the Best Cashfree Payments Alternatives for Indian Exporters and Freelancers in 2026?

Cashfree Payments alternatives for Indian freelancers and agencies, ordered by estimated cost: INR received on $2,000 to $10,000, fees, FX markup, FIRA and RBI status.

Compare

What Are the Best Dodo Payments Alternatives for Indian Exporters and Freelancers in 2026?

Dodo Payments alternatives for Indian freelancers and agencies, ordered by estimated cost: INR received on $2,000 to $10,000, fees, FX markup, FIRA and RBI status.