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

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 Dodo Payments nor Remitly 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: Dodo Payments is best for software and digital product sellers, and Remitly is best for uS or Canadian business clients already using Remitly.¹²³⁴⁵

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.
Dodo Payments is best for	Dodo Payments	Software and digital product sellers.¹²
Remitly is best for	Remitly	US or Canadian business clients already using Remitly.³⁴⁵

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 Dodo Payments and Remitly compare at a glance?

Dodo Payments and Remitly 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.⁶⁷⁸

	Dodo Payments	Remitly
Best for	Software and digital product sellers¹²	US or Canadian business clients already using Remitly³⁴⁵
Fees	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	Remitly says there are no fees for the receiver in India. The sender pays the transfer fee: on its USD to INR page, $3.99 below $1,000 and $0 at $1,000 or more for personal transfers, with no fee on a new customer's first transfer.⁷⁸
FX markup	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.⁶⁹	Remitly says it may earn from the difference between the rate at which it buys currency and the rate given to the sender. The rate is shown before the sender confirms; no markup percentage is published.¹⁰⁸
Settlement	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.¹¹¹	Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.⁴
FIRA	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.¹²⁹	Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient.
Currencies	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.⁶⁹	Senders pay in the currency of the send country; Remitly Business sends from the US. Recipients in India receive INR.³⁴⁸
KYC: who can sign up	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	Senders only. The personal service is for individuals sending for personal, family or household purposes, and business use is a breach. Remitly Business is for US-registered businesses with a US-resident account holder, and Remitly's Canada site says Remitly Business is also available to businesses in Canada. Recipients in India do not need a Remitly account to be paid; Remitly's India page offers recipients a free profile to request money.¹⁰³⁴⁷⁵
RBI PA-CB status	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.¹¹³	Remitly does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its US User Agreement says it processes transactions to India under the Rupee Drawing Arrangements established by the RBI.¹⁴¹⁰
Support	Email support@dodopayments.com.¹²	Remitly says business customers get 24/7 support by phone or help centre.⁴
Limits	Not published. Payout threshold is $100 by default and can be lowered to $50.	Not published as amounts. Remitly says limits vary by country, delivery method and verification, and are shown when the sender starts a transfer.
How clients pay	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.⁶¹	The client sends from a Remitly account: a US or Canadian business through Remitly Business, or an individual through the personal service for personal purposes only. Money arrives in India by bank deposit, UPI, cash pickup or wallet.¹⁰⁴¹⁵⁵
Card payments	Yes. Buyers pay by card at Dodo's checkout; the fee is 4% + 40c, plus 1.5% for cards issued outside the US.⁶	The sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.⁴¹⁰

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

The INR you receive with Dodo Payments and Remitly 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 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.¹²⁹

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.¹¹³
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.¹²

What is Remitly and who is it for?

Remitly is a money transfer service whose personal service is limited to individuals sending for personal, family or household purposes; its Remitly Business product lets US businesses pay contractors, freelancers and suppliers in India.¹⁰⁴

Regulated by: Remitly does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its US User Agreement says it processes transactions to India under the Rupee Drawing Arrangements established by the RBI.¹⁴¹⁰
Used by: Senders only. The personal service is for individuals sending for personal, family or household purposes, and business use is a breach. Remitly Business is for US-registered businesses with a US-resident account holder, and Remitly's Canada site says Remitly Business is also available to businesses in Canada. Recipients in India do not need a Remitly account to be paid; Remitly's India page offers recipients a free profile to request money.¹⁰³⁴⁷⁵
Best for: US or Canadian business clients already using Remitly.³⁴⁵

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

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

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 0.4⁶⁹	Not published	Not stated	Clients paying by card
One-time payment by card or other payment method outside the US	5.5% + USD 0.4⁶⁹	Not published	Not stated	Clients paying by card
One-time payment by ACH (USD) or SEPA (EUR) direct debit	1.5%⁶⁹	Not published	Not stated	Clients paying through a payment link

What does Remitly charge?

Fees: Remitly says there are no fees for the receiver in India. The sender pays the transfer fee: on its USD to INR page, $3.99 below $1,000 and $0 at $1,000 or more for personal transfers, with no fee on a new customer's first transfer.⁷⁸

How do Dodo Payments and Remitly compare on settlement speed?

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

Platform	Settlement time	Payout to India	Best for
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.¹¹¹	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.⁹⁶	Software and digital product sellers¹²
Remitly	Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.⁴	Bank deposit, UPI, cash pickup or wallet in INR; the recipient does not need to withdraw anything.¹⁵⁴⁷	US or Canadian business clients already using Remitly³⁴⁵

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

Dodo Payments and Remitly 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.³⁵

Platform	FIRA	RBI PA-CB status	Best for
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.¹²⁹	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.¹¹³	Software and digital product sellers¹²
Remitly	Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient.	Remitly does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its US User Agreement says it processes transactions to India under the Rupee Drawing Arrangements established by the RBI.¹⁴¹⁰	US or Canadian business clients already using Remitly³⁴⁵

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

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

Platform	Currencies	How clients pay	Card payments	Best for
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.⁶⁹	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.⁶¹	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 sellers¹²
Remitly	Senders pay in the currency of the send country; Remitly Business sends from the US. Recipients in India receive INR.³⁴⁸	The client sends from a Remitly account: a US or Canadian business through Remitly Business, or an individual through the personal service for personal purposes only. Money arrives in India by bank deposit, UPI, cash pickup or wallet.¹⁰⁴¹⁵⁵	The sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.⁴¹⁰	US or Canadian business clients already using Remitly³⁴⁵

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

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

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.²¹
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.¹³¹
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.¹¹¹
FIRA availability is described only in a blog post and is on request; purpose code handling is not published.¹²⁹
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.⁶⁹¹¹¹
Dodo cannot file the Export Declaration Form for the business.¹²

What are the strengths and limitations of Remitly?

Strengths:

Your client is a US or Canadian business that already uses, or is willing to open, a Remitly Business account to pay contractors in India.³⁴⁵
Your client is an individual paying for a personal need, such as private tutoring, which Remitly's personal terms permit.¹⁰

Limitations:

An Indian freelancer or company cannot open an account to receive or invoice through Remitly; the client must be the Remitly customer.¹⁰³⁴
Remitly Business is offered to businesses in the US and Canada only, and Remitly's personal terms prohibit sending for business purposes.³¹⁰⁵
Remitly is not on the RBI list of authorised PA-CB entities, and its pages do not mention a FIRA, FIRC or purpose code for the Indian recipient.¹⁴⁴⁷

Should you choose Dodo Payments or Remitly?

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

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.²¹
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

Choose Remitly if:

Your client is a US or Canadian business that already uses, or is willing to open, a Remitly Business account to pay contractors in India.³⁴⁵
Your client is an individual paying for a personal need, such as private tutoring, which Remitly's personal terms permit.¹⁰

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.⁶⁹¹⁰⁸

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

Other platforms to consider besides Dodo Payments and Remitly are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.¹⁷¹⁸¹⁹²⁰²¹²²²⁴²⁵²⁷²⁸³⁰³²³³³⁴

Platform	Best for	Estimated cost on USD 5,000	FIRA	Review
Skydo	Local bank transfers from major markets¹⁶	0.68%¹⁷¹⁸¹⁹²⁰²¹²²	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.²¹²³	Skydo review
Karbon Business	US bank transfers and marketplace payouts²⁴	1.00 to 1.18%²⁴²⁵	Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.²⁴	Karbon Business review
Razorpay	Local transfers from the US, UK and eurozone²⁶	1.00 to 1.18%²⁷²⁸	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.²⁶²⁹²⁸	Razorpay review
Winvesta	Local transfers with a published per-payment fee³⁰³¹	1.24%³⁰³²³³³⁴	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.³³³²	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, Dodo Payments or Remitly?+

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.⁶⁹¹⁰⁸ The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

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

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.¹²⁹ Remitly: Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient.

Can individual freelancers use Dodo Payments and Remitly?+

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 Remitly: Senders only. The personal service is for individuals sending for personal, family or household purposes, and business use is a breach. Remitly Business is for US-registered businesses with a US-resident account holder, and Remitly's Canada site says Remitly Business is also available to businesses in Canada. Recipients in India do not need a Remitly account to be paid; Remitly's India page offers recipients a free profile to request money.¹⁰³⁴⁷⁵

Are Dodo Payments and Remitly authorised by the RBI?+

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.¹¹³ Remitly: Remitly does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026. Its US User Agreement says it processes transactions to India under the Rupee Drawing Arrangements established by the RBI.¹⁴¹⁰

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

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.¹¹¹ Remitly: Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.⁴

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

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 Dodo Payments, Remitly or a bank wire.³⁶

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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