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

Q: How fast do Currenxie and Dodo Payments pay out to an Indian bank?

Currenxie: Not published for payments to India. 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.

Author:: Editorial team, serviceexportguide.com
Verified by:: Editorial team
Published: 28 October 2026
Last modified: 28 October 2026
Fees checked on: 28 October 2026
Reading time: 13 min read

Short answer

Neither Currenxie 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: Currenxie is best for companies registered outside India, and Dodo Payments is best for software and digital product sellers.¹²³⁴

Use case	Better option	Why
Bank transfer of USD 5,000	Cannot compare	Neither publishes full pricing for this case.
Bank transfer of USD 2,000	Cannot compare	Neither publishes full pricing for this case.
Client paying USD 2,000 by card or link	Cannot compare	Neither publishes full pricing for this case.
Currenxie is best for	Currenxie	Companies registered outside India.¹²
Dodo Payments is best for	Dodo Payments	Software and digital product sellers.³⁴

Invoice amountCurrencyHow the client pays

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 route	Best for	Fee (+GST)	Markup	You receive	Cost
1	Karbon BusinessLowest estimated costBank transfer to a Karbon virtual USD account	US bank transfers and marketplace payouts	₹942plus GST, rate not stated	0%	₹93,131 to ₹93,301	1.00 to 1.18%
2	RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan)	Local transfers from the US, UK and eurozone	₹1,000plus GST, rate not stated	0%	₹93,063 to ₹93,243	1.06 to 1.25%
3	WinvestaGlobal Collections Account, standard plan (up to 2,000 a month per currency)	Local transfers with a published per-payment fee	₹1,435	0%	₹92,809	1.52%
4	SkydoPayment link (InstaLinks) paid by ACH debit	Local bank transfers from major markets	₹1,885plus GST, rate not stated	0%	₹92,019 to ₹92,358	2.00 to 2.36%
5	PayoneerLocal bank transfer to Payoneer receiving account details	Marketplace payouts such as Amazon or Upwork	₹0no GST stated	1 to 4%	₹90,473 to ₹93,301	1.00 to 4.00%
6	PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice)	Clients paying by card or PayPal balance	₹4,175no GST stated	3 to 4%	₹86,465 to ₹87,366	7.30 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 Currenxie and Dodo Payments compare at a glance?

Currenxie 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.⁵⁶

	Currenxie	Dodo Payments
Best for	Companies registered outside India¹²	Software and digital product sellers³⁴
Fees	USD 0.75 per local payment collected; USD 8.00 per SWIFT payment sent or received; USD 8.00 one-time fee for each additional virtual account activation. Global Account itself listed as free.⁵	4% + 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.⁶
FX markup	Mid-market rate plus a published percentage by currency tier: 0.50% for exchanges with INR (Tier 3); 0.35% for major currencies such as USD, EUR and GBP (Tier 1). How a pair spanning two tiers is priced is not published.⁵	Adaptive 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.⁶⁷
Settlement	Not published for payments to India.	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.⁸³
FIRA	Not published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC.	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.⁹⁷
Currencies	Local collection is listed for these countries and currencies on Currenxie's network page. INR is not a collection or holding currency; India appears only as a local payout destination.²⁵	Dodo 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.⁶⁷
KYC: who can sign up	Businesses only. Currenxie says it does not offer accounts for sole traders or for personal use, welcomes businesses registered in most countries except sanctioned or high-risk ones, and cannot onboard US-registered businesses. Whether an India-registered company is accepted is not published.¹	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.⁸
RBI PA-CB status	No Indian authorisation found. Currenxie is not named in the RBI list of authorised payment aggregators (including PA-CB) dated 16 October 2026. Currenxie lists licensed entities in Australia, Canada, Hong Kong, Ireland, Mexico, South Africa and the United Kingdom, none in India. Its Global Account terms are with Currenxie Ltd, a Hong Kong Money Service Operator (licence 14-05-01424), and say an account may be opened only if it is legal to do so in the customer's country of residence.¹⁰¹¹	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.³¹²
Support	Help Centre and contact form on the website; Currenxie describes personal client support. No India-specific support is published.¹	Email support@dodopayments.com.⁹
Limits	Not published.	Not published. Payout threshold is $100 by default and can be lowered to $50.
How clients pay	Local bank transfer to a virtual account in the Global Account holder's name, SWIFT transfer, or collection from marketplaces and payment gateways such as Amazon, Shopify, PayPal and Stripe. No card checkout for clients is published.¹⁵	Buyers 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.⁶³
Card payments	Not published. Currenxie's Visa cards are spending cards for account holders (available to Hong Kong-registered businesses), not a way for clients to pay by card.	Yes. Buyers pay by card at Dodo's checkout; the fee is 4% + 40c, plus 1.5% for cards issued outside the US.⁶

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

The INR you receive with Currenxie 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: 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 Currenxie and who is it for?

Currenxie is a payments company whose Global Account, provided by Hong Kong-incorporated Currenxie Ltd, gives businesses (not sole traders) local virtual account details in several countries; it does not publish an India product, is not on the RBI list of authorised payment aggregators, and does not mention FIRA or purpose codes.¹¹¹¹⁰

Regulated by: No Indian authorisation found. Currenxie is not named in the RBI list of authorised payment aggregators (including PA-CB) dated 16 October 2026. Currenxie lists licensed entities in Australia, Canada, Hong Kong, Ireland, Mexico, South Africa and the United Kingdom, none in India. Its Global Account terms are with Currenxie Ltd, a Hong Kong Money Service Operator (licence 14-05-01424), and say an account may be opened only if it is legal to do so in the customer's country of residence.¹⁰¹¹
Used by: Businesses only. Currenxie says it does not offer accounts for sole traders or for personal use, welcomes businesses registered in most countries except sanctioned or high-risk ones, and cannot onboard US-registered businesses. Whether an India-registered company is accepted is not published.¹
Best for: Companies registered outside India.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.³⁴⁷

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.³¹²
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.⁸
Best for: Software and digital product sellers.³⁴

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

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

What does Currenxie charge?

Fees: USD 0.75 per local payment collected; USD 8.00 per SWIFT payment sent or received; USD 8.00 one-time fee for each additional virtual account activation. Global Account itself listed as free.⁵

What does Dodo Payments charge?

Transaction type	Fee	FX markup	GST on fees	Best for
One-time payment by US card or wallet at Dodo checkout	4% + USD 0.4⁶⁷	Not published	Not stated	Clients paying by card
One-time payment by card or other payment method outside the US	5.5% + USD 0.4⁶⁷	Not published	Not stated	Clients paying by card
One-time payment by ACH (USD) or SEPA (EUR) direct debit	1.5%⁶⁷	Not published	Not stated	Clients paying through a payment link

How do Currenxie and Dodo Payments compare on settlement speed?

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

Platform	Settlement time	Payout to India	Best for
Currenxie	Not published for payments to India.	The Global Account holder can send a local INR payment to a bank account in India for USD 3.00 per transfer, plus the 0.50% INR conversion fee if converted. This is an outward payment from a foreign account, not an inward export remittance service for an Indian exporter.⁵²	Companies registered outside India¹²
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.⁸³	Dodo 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.⁷⁶	Software and digital product sellers³⁴

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

Currenxie 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.³²

Platform	FIRA	RBI PA-CB status	Best for
Currenxie	Not published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC.	No Indian authorisation found. Currenxie is not named in the RBI list of authorised payment aggregators (including PA-CB) dated 16 October 2026. Currenxie lists licensed entities in Australia, Canada, Hong Kong, Ireland, Mexico, South Africa and the United Kingdom, none in India. Its Global Account terms are with Currenxie Ltd, a Hong Kong Money Service Operator (licence 14-05-01424), and say an account may be opened only if it is legal to do so in the customer's country of residence.¹⁰¹¹	Companies registered outside India¹²
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.⁹⁷	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.³¹²	Software and digital product sellers³⁴

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

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

Platform	Currencies	How clients pay	Card payments	Best for
Currenxie	Local collection is listed for these countries and currencies on Currenxie's network page. INR is not a collection or holding currency; India appears only as a local payout destination.²⁵	Local bank transfer to a virtual account in the Global Account holder's name, SWIFT transfer, or collection from marketplaces and payment gateways such as Amazon, Shopify, PayPal and Stripe. No card checkout for clients is published.¹⁵	Not published. Currenxie's Visa cards are spending cards for account holders (available to Hong Kong-registered businesses), not a way for clients to pay by card.	Companies registered outside India¹²
Dodo Payments	Dodo 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.⁶⁷	Buyers 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.⁶³	Yes. Buyers pay by card at Dodo's checkout; the fee is 4% + 40c, plus 1.5% for cards issued outside the US.⁶	Software and digital product sellers³⁴

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

Currenxie 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 Currenxie?

Strengths:

You run a company registered outside India (and outside the US) that is accepted by Currenxie and want local account details in currencies such as USD, EUR, GBP or HKD.¹²
Your business needs to pay suppliers or staff in India in INR from a foreign multi-currency account.⁵²

Limitations:

Not authorised by the RBI as a payment aggregator, including PA-CB, as of the list dated 16 October 2026.¹⁰
No accounts for sole traders or personal use, so individual freelancers cannot sign up.¹
No FIRA, FIRC or purpose code process is published.⁵¹¹¹
INR cannot be held in the Global Account; INR is a payout currency only.⁵²
Currenxie may hold, reject or return incoming payments at its discretion under its compliance policies.¹¹

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.⁸
You are comfortable receiving payouts in USD, GBP or EUR on a fixed cycle rather than per payment.⁷

Limitations:

Not listed by the RBI as an authorised payment aggregator; Dodo does not publish an RBI authorisation.¹²³
INR payouts have been discontinued; payouts go from USD, GBP or EUR wallets and any conversion happens at your bank.⁷
Does not support physical goods or e-commerce websites, and the business may not invoice buyers itself.⁸³
FIRA availability is described only in a blog post and is on request; purpose code handling is not published.⁹⁷
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.⁶⁷⁸³
Dodo cannot file the Export Declaration Form for the business.⁹

Should you choose Currenxie or Dodo Payments?

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

Choose Currenxie if:

You run a company registered outside India (and outside the US) that is accepted by Currenxie and want local account details in currencies such as USD, EUR, GBP or HKD.¹²
Your business needs to pay suppliers or staff in India in INR from a foreign multi-currency account.⁵²

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.⁸
You are comfortable receiving payouts in USD, GBP or EUR on a fixed cycle rather than per payment.⁷

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.⁵⁶⁷

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

Other platforms to consider besides Currenxie and Dodo Payments are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.¹⁴¹⁵¹⁶¹⁷¹⁸¹⁹²¹²²²⁴²⁵²⁷²⁹³⁰³¹

Platform	Best for	Estimated cost on USD 5,000	FIRA	Review
Skydo	Local bank transfers from major markets¹³	0.68%¹⁴¹⁵¹⁶¹⁷¹⁸¹⁹	Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.¹⁸²⁰	Skydo review
Karbon Business	US bank transfers and marketplace payouts²¹	1.00 to 1.18%²¹²²	Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.²¹	Karbon Business review
Razorpay	Local transfers from the US, UK and eurozone²³	1.00 to 1.18%²⁴²⁵	Razorpay 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.²³²⁶²⁵	Razorpay review
Winvesta	Local transfers with a published per-payment fee²⁷²⁸	1.24%²⁷²⁹³⁰³¹	Free 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.³⁰²⁹	Winvesta 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.

Frequently asked questions

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

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.⁵⁶⁷ The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

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

Currenxie: Not published. Currenxie's pricing, product and terms pages do not mention a FIRA, FIRC or e-BRC. 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.⁹⁷

Can individual freelancers use Currenxie and Dodo Payments?+

Currenxie: Businesses only. Currenxie says it does not offer accounts for sole traders or for personal use, welcomes businesses registered in most countries except sanctioned or high-risk ones, and cannot onboard US-registered businesses. Whether an India-registered company is accepted is not published.¹ 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.⁸

Are Currenxie and Dodo Payments authorised by the RBI?+

Currenxie: No Indian authorisation found. Currenxie is not named in the RBI list of authorised payment aggregators (including PA-CB) dated 16 October 2026. Currenxie lists licensed entities in Australia, Canada, Hong Kong, Ireland, Mexico, South Africa and the United Kingdom, none in India. Its Global Account terms are with Currenxie Ltd, a Hong Kong Money Service Operator (licence 14-05-01424), and say an account may be opened only if it is legal to do so in the customer's country of residence.¹⁰¹¹ 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.³¹²

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

Currenxie: Not published for payments to India.⁵ 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.⁸³

Do I still need an LUT if I am paid through Currenxie 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 Currenxie, Dodo Payments or a bank wire.³³

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.

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