PayPal, Payoneer or Stripe: What RBI's PA-CB Rules, Which Replaced OPGSP, Mean for Online Sellers Getting Paid on Marketplaces
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Short answer
RBI's Payment Aggregator Master Direction of 15 September 2025 repealed the OPGSP circulars, except for pending PA-CB applicants.5 Each PA-CB transaction is capped at ₹25 lakh.5 PayPal holds in-principle authorisation and can operate as an existing PA-CB.8 Payoneer's PA-CB application is under process.8 Stripe withdrew its PA-CB application.43 Goods exports need an IEC.11
| Applies to | Rules involved | Platforms compared | Last verified |
|---|---|---|---|
| Indian online sellers exporting goods or digital products through marketplaces and web stores511 | RBI PA Master Direction paragraphs 4, 10, 11 and 19; FEMA Export and Import Regulations 2026 regulations 3 and 5; FTP 2023 paragraph 2.051511 | PayPal, Payoneer, Stripe, plus Razorpay, Karbon Business and Skydo on published cost172124273239 | 31 October 2026 |
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.
Many Indian online sellers still read that cross-border payment platforms are "OPGSPs" regulated under RBI's online payment gateway circulars. That framework has been replaced. RBI's Master Direction on Regulation of Payment Aggregator of 15 September 2025 repealed the three online payment gateway circulars (2010, 2013 and 2015), keeping them alive only for an existing PA-CB that applied for authorisation by 30 April 2024 and is still awaiting RBI's decision.5 Cross-border collections now run under the Payment Aggregator, Cross Border (PA-CB) category.5 This page uses the current framework throughout and compares PayPal, Payoneer and Stripe on it. For the side-by-side history, see PA-CB vs OPGSP.
How do PayPal, Payoneer and Stripe compare for online sellers?
For online sellers, Payoneer suits marketplace payouts with a 1% to 4% fee to withdraw to INR, PayPal suits buyers paying by card or PayPal balance at 4.40% plus a fixed fee, and Stripe suits card checkout on your own store at 3% to 4.3% on an invite-only cross-border basis.26273233373943 The table adds Razorpay, Karbon Business and Skydo, the three lowest estimated costs on a USD 2,000 receipt from published fees.172124 Rows run cheapest first on that estimate, then providers without a full published estimate, A to Z.
| Platform | Best for | Fee | FX markup | Settlement | FIRA | RBI PA-CB status | Source |
|---|---|---|---|---|---|---|---|
| Razorpay | Local transfers from the US, UK and eurozone | 1% per MoneySaver bank transfer, flat ₹1,000 below ₹1,00,000; international cards up to 3% | 0% on MoneySaver bank transfers | T+1 for bank transfers | FIRS emailed within 24 hours of settlement | Authorised PA-CB, inward and outward | 716171819 |
| Karbon Business | US bank transfers and marketplace payouts | 1% transaction fee (PayPal alternative page) | 0% (freelancer page); 0.5% to 1.0% (comparison page) | 24 to 48 hours | FIRA per transaction from a partner bank | Not on the RBI list itself; its terms run export receipts under a partner the RBI lists as a PA-CB | 7202122 |
| Skydo | Local bank transfers from major markets | USD 19 up to USD 2,000; USD 29 from USD 2,001 to USD 10,000; 0.3% above; plus GST | 0% markup on the mid-market rate (product page); retail rate set by Skydo or its partner banks (terms) | Within 24 hours (product page); T+1 to T+3 business days (terms) | Free FIRA on every payment | Authorised PA-CB, inward and outward, 8 January 2026 | 723242545 |
| Payoneer | Marketplace payouts such as Amazon or Upwork | Free to receive (multi-currency account page); fixed fee or 1% for non-local currencies (pricing page); card payment requests 2.90% + $0.49 | 1% to 4% when withdrawing to INR | Within 24 hours (multi-currency account page); within 48 hours (pricing page) | Free digital FIRA per transaction from a partner AD bank | In-principle PA-CB authorisation on 22 January 2026; RBI lists the application as under process | 82627282931 |
| PayPal | Clients paying by card or PayPal balance | 4.40% plus a fixed fee (for example USD 0.30) per international commercial transaction | 3.0% or 4.00% above the base exchange rate | Allow up to 5 business days to the bank | Free weekly digital FIRA | In-principle authorisation; RBI lists it as an existing PA-CB that can operate | 832333435 |
| Stripe | Card checkout and subscriptions | 3% Visa or Mastercard issued abroad; 3.5% American Express; 4.3% non-INR presentment | Additional 2% if conversion is required | Daily payouts include card payments from five business days earlier | Standard Chartered payment advice; FIRC from your own bank | Authorised PA-O; PA-CB application withdrawn; cross-border service is invite-only | 7837383940414243 |
- Marketplace fees: Payoneer says fees on marketplace payouts are set by each marketplace.27
- OPGSP wording on provider pages: Payoneer lists "Payoneer for India" as an OPGSP registered with RBI, and PayPal's user agreement cites the 2015 OPGSP circular; RBI's own lists show where each stands under the PA-CB regime.83033
- Transaction size: PayPal restricts export payments above USD 10,000 per transaction.33
Each provider's figures are taken from its own published pages.
Which RBI and GST rules apply to online sellers?
The rules that apply to online sellers are RBI's Payment Aggregator Master Direction for the platforms, the EDF and realisation rules of the FEMA Export and Import Regulations, 2026 for each export, the IEC requirement for goods, and zero-rating under GST.151113
| Rule | Best for (who it applies to) | Plain meaning | Source |
|---|---|---|---|
| PA Master Direction, paragraph 4 | Sellers paid through a cross-border aggregator | A PA-CB aggregates cross-border payments for current account transactions for its onboarded merchants through e-commerce mode, in inward and outward sub-categories | 5 |
| PA Master Direction, paragraph 19 | Anyone reading old OPGSP guidance | The 2010, 2013 and 2015 online payment gateway circulars are repealed, except for pending PA-CB applicants that applied by 30 April 2024 | 5 |
| PA Master Direction, paragraph 11(d) | Sellers with large orders or payouts | Maximum ₹25 lakh per PA-CB transaction, inward or outward | 5 |
| PA Master Direction, paragraph 11(h) and 11(i) | Sellers whose bank tracks EDPMS | The PA-CB gives your AD bank the documents to close EDPMS entries; non-INR settlement only for exporters it onboarded directly | 5 |
| PA Master Direction, paragraph 10(b) | Sellers comparing marketplaces and gateways | A payment aggregator shall not carry out marketplace business | 5 |
| FTP 2023, paragraph 2.05 | Sellers of physical goods | No export of goods without an IEC unless exempted; for services, IEC is needed only for FTP benefits | 11 |
| Regulation 3(1) and 3(3) | Goods exporters | The EDF is given to the specified authority at export; at EDI ports it is deemed submitted with the shipping bill | 1 |
| Regulation 5(1)(a) and (b) | Goods exporters, including warehouse sellers | Nine months from shipment, or from sale out of a warehouse abroad; twelve months if invoiced or settled in rupees | 12 |
| IGST Act, section 16 | GST-registered exporters | Exports are zero-rated; supply under bond or LUT without IGST, with refund of unutilised input tax credit | 13 |
| FORM GST RFD-11 (LUT) | Registered exporters invoicing without IGST | File the Letter of Undertaking on the GST portal for each financial year; it is deemed accepted when the ARN is generated | 14 |
- For example, a Jaipur jewellery seller: ships orders to US buyers through a marketplace and receives payouts through Payoneer. The goods leave on shipping bills, the realisation clock runs nine months from each shipment, and Payoneer's partner bank issues a FIRA for each payout.129
- Digital product sellers: templates, e-books or software delivered online do not leave on a shipping bill, so ask your bank which purpose code and which EDF route (regulation 3(2) for services) it applies.110
The PA-CB licence list shows how to check a provider on RBI's pages.
Which purpose code applies to online sellers?
Online sellers of physical goods are reported under the P01 export codes, such as P0101 for negotiated export bills, P0102 for bills on collection and P0103 for advance receipts.10 RBI introduced the current receipt codes through A.P. (DIR Series) Circular No. 84 of 29 February 2012.9
| Code | Best for (transaction type) | Official RBI description | Source |
|---|---|---|---|
| P0101 | Export bills handled by the bank | Value of export bills negotiated / purchased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.) Other than Nepal and Bhutan | 10 |
| P0102 | Full invoice value realised on collection | Realisation of export bills (in respect of goods) sent on collection (full invoice value) Other than Nepal and Bhutan | 10 |
| P0103 | Pre-orders and advances before shipment | Advance receipts against export contracts, which will be covered later by GR/PP/SOFTEX/SDF other than Nepal and Bhutan | 10 |
| P0109 | Sales to buyers in Nepal and Bhutan | Export realisation on account of exports to Nepal and Bhutan, if any | 10 |
These descriptions are from HDFC Bank's reproduction of the RBI list.10
- PayPal: you pick one purpose code at account setup, and it becomes the default for payments.36
- Payoneer: the code set in profile settings applies to every payment and is printed on each FIRA.29
- Stripe: one transaction purpose code per account, chosen from a fixed list.37
Which option is cheapest at $500, $2,000 and $5,000?
On published fees, the cheapest option for online sellers at $500, $2,000 and $5,000 is usually a bank-transfer route with a flat or 1% fee, while card and PayPal checkouts cost the most at every size.17243239 The live table below works out the INR you receive from each provider's published fees at today's rate.
| Platform | Best for | INR on USD 2,000 | INR on USD 5,000 | INR on USD 10,000 | Cost on USD 5,000 |
|---|---|---|---|---|---|
| SkydoMost INRTransfer to Skydo local account details or international SWIFT account | Local bank transfers from major markets | ₹1,86,373 | ₹4,67,991 | ₹9,39,206 | 0.68% |
| Karbon BusinessBank transfer to a Karbon virtual USD account | US bank transfers and marketplace payouts | ₹1,86,262 to ₹1,86,601 | ₹4,65,655 to ₹4,66,503 | ₹9,31,311 to ₹9,33,007 | 1.00 to 1.18% |
| RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan) | Local transfers from the US, UK and eurozone | ₹1,86,262 to ₹1,86,601 | ₹4,65,655 to ₹4,66,503 | ₹9,31,311 to ₹9,33,007 | 1.00 to 1.18% |
| PayoneerLocal bank transfer to Payoneer receiving account details | Marketplace payouts such as Amazon or Upwork | ₹1,80,947 to ₹1,86,601 | ₹4,52,367 to ₹4,66,503 | ₹9,04,734 to ₹9,33,007 | 1.00 to 4.00% |
| PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice) | Clients paying by card or PayPal balance | ₹1,72,958 to ₹1,74,760 | ₹4,32,436 to ₹4,36,940 | ₹8,64,899 to ₹8,73,908 | 7.27 to 8.23% |
Not estimated because pricing for USD is not fully published: Stripe.
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.
For example, Skydo's flat USD 19 fee is 3.8% of a $500 invoice but 0.95% of a $2,000 invoice, before GST.24 Razorpay's MoneySaver fee is 1% per bank transfer, with a flat ₹1,000 below ₹1,00,000, so a $500 receipt pays the flat fee.17 PayPal's 4.40% plus USD 0.30 is about 4.42% of a $2,000 invoice, before its 3.0% or 4.00% conversion spread.32
- Card payments: Stripe charges 3% for Visa or Mastercard cards issued abroad, plus 2% if conversion is needed.3940
- Withdrawal to INR: Payoneer charges 1% to 4% of the amount when a foreign balance is withdrawn to an Indian bank in INR.27
- Conversion: Wise converts at the mid-market rate plus a fee and does not publish a fixed percentage for INR.44
The platform cost comparison lets you test your own invoice sizes.
What documents follow each payment?
Each export by an online seller should leave a shipping bill with its EDF, a FIRA or bank advice for the receipt, a self-certified e-BRC and, for registered sellers, an LUT.11214
| Document | Best for | What it is | Who issues it | Source |
|---|---|---|---|---|
| IEC | Every goods exporter | Importer-Exporter Code, same as PAN, updated yearly in April to June | DGFT, generated online | 11 |
| Shipping bill and EDF | Each consignment | The EDF is deemed part of the shipping bill at EDI ports; at non-EDI ports the authority forwards it to the AD bank | Exporter files; Customs and the AD bank process it | 1 |
| FIRA or payment advice | Proving each receipt | PayPal issues weekly digital FIRAs; Payoneer a FIRA per transaction; Stripe's payout bank sends a payment advice for your bank to issue a FIRC | Platform's partner bank or your bank | 293442 |
| e-BRC | GST refunds and export incentives | Self-generated by the exporter on the DGFT portal from the bank's IRM data | Exporter, on the DGFT portal | 12 |
| LUT | Exports without IGST | FORM GST RFD-11, one per financial year | Exporter, on the GST portal | 14 |
Marketplace tax deductions are covered in TDS on marketplace payouts.
What changes in 2026 for online sellers?
The main changes in 2026 for online sellers are the new FEMA export rules, the nine-month realisation period after the 15-month period was reversed, and PA-CB authorisations replacing the OPGSP route.1247
- New FEMA export rules: the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 came into force on 1 October 2026 and replaced the 2015 Regulations.1
- Nine-month realisation for goods: nine months from shipment from 1 October 2026; the 15-month period that applied from 14 November 2025 was reversed from 5 June 2026.1234
- PA-CB cap: each payment through a cross-border payment aggregator is capped at ₹25 lakh, inward or outward.5
- PA-CB authorisations: RBI's list dated 16 October 2026 names the authorised PA-CBs, and its status page lists applicants still under process.78
- Income-tax Act, 2025: in force from 1 April 2026; tax year 2026-27 runs from 1 April 2026 to 31 March 2027.15
How these rules apply depends on whether you sell goods, digital products or both, so confirm the details with a chartered accountant and your bank.
How did we verify this?
We checked this page against the sources below on 31 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]RBI: Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, Notification No. FEMA 23(R)/2026-RB, amended up to 22 September 2026, regulations 2(1)(f), 3, 4, 5, 6, 13 and 18 (checked 2026-10-31)
- [2]RBI: FEMA (Export and Import of Goods and Services) (Amendment) Regulations, 2026, Notification No. FEMA 23(R)/(1)/2026-RB dated 22 September 2026, amending regulation 5 (realisation period)
- [3]RBI: FEMA (Export of Goods and Services) (Second Amendment) Regulations, 2025, Notification No. FEMA 23(R)/(7)/2025-RB dated 13 November 2025
- [4]RBI: FEMA (Export of Goods and Services) (First Amendment) Regulations, 2026, Notification No. FEMA 23(R)/(8)/2026-RB dated 5 June 2026
- [5]RBI: Master Direction on Regulation of Payment Aggregator dated 15 September 2025, paragraphs 4, 10, 11 and 19 (checked 2026-10-31)
- [6]RBI: A.P. (DIR Series) Circular No. 109 dated 11 June 2013, Online Payment Gateways, enhancement of the value of transaction (repealed) (checked 2026-10-31)
- [7]RBI: Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, Payment Aggregators list dated 16 October 2026 (checked 2026-10-28)
- [8]RBI: Status of Applications received under the Payment and Settlement Systems Act, 2007, as on 16.10.2026 (checked 2026-10-28)
- [9]RBI: A.P. (DIR Series) Circular No. 84 dated 29 February 2012, Compilation of R-Returns: Reporting under FETERS (revised purpose codes)
- [10]HDFC Bank: Inward Remittance Purpose Codes (bank reproduction of the RBI list, checked 2026-10-31)
- [11]DGFT: Foreign Trade Policy 2023, Chapter 2 (Revised FTP v1.2.2), paragraph 2.05, Importer-Exporter Code (checked 2026-10-31)
- [12]DGFT: eBRC system, self-certification of eBRC from bank inward remittance messages (IRMs), Trade Notice 33/2023-24 dated 10 November 2023
- [13]CBIC: IGST Act, 2017, section 16 (zero-rated supply)
- [14]GST portal user guide: Furnishing of Letter of Undertaking (LUT), FORM GST RFD-11
- [15]PIB: Income-tax Act, 2025 in force from 1 April 2026
- [16]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
- [17]Razorpay, Multi-Currency Account for International Bank Transfers (MoneySaver Export Account pricing) (checked 2026-10-28)
- [18]Razorpay, Pricing, International Payments and International Bank Transfers tabs (checked 2026-10-28)
- [19]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
- [20]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
- [21]Karbon Business, PayPal Alternative comparison page (checked 2026-10-28)
- [22]Karbon Forex Terms and Conditions, Interropac Private Limited (checked 2026-10-28)
- [23]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
- [24]Skydo FAQs, How much does Skydo charge? (checked 2026-10-28)
- [25]Skydo, Receive international payments as a freelancer in India (product page) (checked 2026-10-28)
- [26]Payoneer, How to use Payoneer in India (last modified 18 September 2026, checked 2026-10-28)
- [27]Payoneer India, Payoneer Fees (checked 2026-10-28)
- [28]Payoneer India, Multi-currency account page and FAQs (checked 2026-10-28)
- [29]Payoneer Help Center, Digital FIRA FAQ (checked 2026-10-28)
- [30]Payoneer India, Payoneer's multi-jurisdictional licenses (checked 2026-10-28)
- [31]Payoneer press release, Payoneer receives in-principle authorization as Cross-Border Payment Aggregator in India, 22 January 2026
- [32]PayPal India, PayPal Merchant Fees (page last updated 28 March 2024) (checked 2026-10-28)
- [33]PayPal India, User Agreement for PayPal Services (last updated 13 January 2025) (checked 2026-10-28)
- [34]PayPal India, Foreign Inward Remittance Advise (FIRA) (checked 2026-10-28)
- [35]PayPal India Help, How do I transfer funds to my bank account? (checked 2026-10-28)
- [36]PayPal India Help, What is the Purpose Code? (checked 2026-10-28)
- [37]Stripe Docs, Accept international payments from India (checked 2026-10-28)
- [38]Stripe Support, Accepting international payments from Stripe accounts in India (checked 2026-10-28)
- [39]Stripe India, Pricing (checked 2026-10-28)
- [40]Stripe Support, Additional pricing information for Indian cross-border sellers (checked 2026-10-28)
- [41]Stripe Support, Payout schedule for Stripe accounts in India (checked 2026-10-28)
- [42]Stripe Support, FIRC/payment advice for international transactions in India (checked 2026-10-28)
- [43]Stripe Support, Cross-border payment services in India (checked 2026-10-28)
- [44]Wise India, Fees for getting paid (Wise Business receive pricing) (checked 2026-10-28)
- [45]Skydo, Terms of Use, last updated 9 April 2026 (checked 2026-10-28)
Frequently asked questions
Are OPGSP rules still valid for e-commerce exporters in India?+
Mostly not. Paragraph 19 of RBI's Payment Aggregator Master Direction of 15 September 2025 repealed the three online payment gateway circulars of 2010, 2013 and 2015, except for an existing PA-CB that applied for authorisation by 30 April 2024 and is awaiting RBI's decision.5
Is PayPal an OPGSP or a payment aggregator in India?+
PayPal's India user agreement still describes its export payment services as an online payment gateway service under RBI Circular No. 16 of 2015.33 RBI's status list as on 16 October 2026 shows PayPal Payments Private Limited as an existing PA-CB that can operate, with in-principle authorisation granted.8
What is the PA-CB limit for an online seller's export receipt?+
Each inward or outward transaction processed by a PA-CB is capped at ₹25 lakh, under paragraph 11(d) of RBI's Payment Aggregator Master Direction.5 The old OPGSP limit was set in dollars: USD 10,000 per transaction from 11 June 2013, raised from USD 3,000.6
Do Amazon or Etsy sellers in India need an IEC to receive export payments?+
For goods, yes. Paragraph 2.05 of the Foreign Trade Policy 2023 says no export of goods shall be made without an IEC unless specifically exempted.11 The IEC is the same as the entity's PAN and is generated online, then updated every year between April and June.11
How long does an online seller have to realise payment for goods sold from an overseas warehouse?+
For goods exported to a warehouse outside India, regulation 5 of the 2026 FEMA export rules gives nine months from the date of sale from the warehouse.1 Other goods get nine months from the date of shipment, and twelve months if invoiced or settled in rupees.12
Does Payoneer give a FIRA for Amazon marketplace payouts?+
Payoneer says it issues a free digital FIRA for each transaction through its partner AD bank, within 24 to 72 hours.29 It also notes that the e-FIRA or IRM in EDPMS comes from the exporter's own bank, which may ask for the FIRA plus export documents.29
Can a payment aggregator run a marketplace for Indian sellers?+
No. Paragraph 10(b) of RBI's Payment Aggregator Master Direction says a PA business shall not carry out marketplace business.5 The marketplace and the payment aggregator that settles to the seller are therefore separate roles, and the seller should check both.
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
What is the difference between a PA-CB and an OPGSP?
How RBI's Payment Aggregator Cross Border (PA-CB) regime differs from the old OPGSP arrangement: licensing, limits, settlement, accounts and what exporters should check.
RBI and FEMAWhat do RBI's PA-CB guidelines mean for Indian exporters?
RBI's 15 September 2025 Master Direction on Payment Aggregators explained for Indian service exporters: PA-CB rules, ₹25 lakh limit, InCA, settlement and EDPMS.
RBI and FEMAWhich companies hold an RBI PA-CB authorisation?
Which payment aggregators RBI has authorised for cross-border (PA-CB) inward and outward payments, as shown on RBI's own pages on 28 October 2026.
GlossaryWhat is an IEC code?
An IEC is a 10-character Importer-Exporter Code from DGFT, the same as your PAN. When service exporters need one under the Foreign Trade Policy 2023.
TaxDo online marketplaces deduct TDS from payouts to Indian sellers and freelancers?
How TDS by e-commerce operators works under section 393 of the Income-tax Act, 2025 (old 194-O): the 0.1% rate, the ₹5 lakh exemption and claiming credit.