Razorpay vs Skydo (2026): Which Is Better for Receiving International Payments in India?

How do Razorpay and Skydo compare at a glance?

Razorpay and Skydo 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.⁷⁸¹²¹²

How much INR do you receive on $2,000, $5,000 and $10,000 with Razorpay vs Skydo?

The INR you receive with Razorpay and Skydo 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.

What is Razorpay and who is it for?

Razorpay is a Bengaluru-based payment company whose international products let Indian businesses accept foreign card payments and receive bank transfers into virtual USD, GBP, EUR and SWIFT account details (the MoneySaver Export Account), with settlement in INR to an Indian bank account.¹²¹⁰²¹

• Regulated by: Razorpay Payments Private Limited (formerly Razorpay Software Private Limited) appears on the RBI list of authorised payment system operators as a Payment Aggregator: Online, Physical, and Cross Border facilitating Inward and Outward transactions (PA-CB I and O).²¹
• Used by: Indian businesses with a completed Razorpay KYC. The MoneySaver onboarding form lists Individual, Sole Proprietorship, Partnership, Private Limited, Public Limited and LLP as business types, and the business must fall under one of the export purpose codes Razorpay lists. International card payments need a website with terms, privacy, refund and shipping policy pages. Razorpay says it cannot offer international payments to NGOs.¹⁰²⁰¹⁵
• Best for: Local transfers from the US, UK and eurozone.¹⁰

What is Skydo and who is it for?

Skydo is a Bengaluru-based payment aggregator, listed by the RBI as a PA-CB for inward and outward transactions, that gives Indian exporters local and SWIFT account details abroad and pays out in INR to their Indian bank.²¹⁶¹¹

• Regulated by: Skydo Technologies Private Limited is on the RBI list as a PA-CB-I & O (Payment Aggregator, Cross Border, facilitating inward and outward transactions), authorised on 8 January 2026. Its terms say it uses partner banks to provide the service.²¹⁶
• Used by: Skydo's terms cover individuals aged 18 or over, proprietorships, companies and other legal entities, for business and commercial payments only; Skydo says the service is built for Indian freelancers and exporters. Whether GST registration is required is not published.⁶⁵
• Best for: Local bank transfers from major markets.¹¹

How do Razorpay and Skydo fees and FX markup compare?

Razorpay and Skydo charge in different ways, so compare the fee and the conversion markup together, not the headline fee alone.

What does Razorpay charge?

What does Skydo charge?

How do Razorpay and Skydo compare on settlement speed?

Razorpay and Skydo publish these settlement times for money reaching an Indian bank account.

Do Razorpay and Skydo provide FIRA and e-BRC, and are they RBI PA-CB authorised?

Razorpay and Skydo 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.⁴⁰

Which currencies, countries and payment methods do Razorpay and Skydo support?

Razorpay and Skydo accept the currencies and payment methods below, as each publishes them.

What are the strengths and limitations of Razorpay and Skydo?

Razorpay and Skydo each suit some exporters better than others. These points come from each provider's own pages.

What are the strengths and limitations of Razorpay?

Strengths:

• You want clients in the US, UK or eurozone to pay by local bank transfer (ACH, FPS or SEPA) and receive INR in your Indian bank account the next business day after invoice details are shared.¹⁰
• You want to offer international card or wallet checkout on your own website alongside bank transfers, from one dashboard.¹²²⁰
• You are paid through Upwork, Deel, Toptal, Freelancer, Fiverr or Amazon and want those payouts to land in a virtual account; Razorpay says invoice upload is not required for Amazon, Upwork and Freelancer transactions.¹⁰⁴¹

Limitations:

• Every MoneySaver payment needs an invoice and buyer address uploaded before Razorpay settles it, except Amazon, Upwork and Freelancer platform transactions.¹⁰⁴¹
• Transactions below ₹1,00,000 attract a flat fee of ₹1,000 instead of the 1% fee.⁷
• Funds cannot be held in the foreign currency accounts; they are converted and settled.¹⁰
• Refunds are not supported on push bank transfers, and ACH debit (Flash Links) payments can be reversed by the payer through a chargeback.¹⁰¹⁴
• International card acceptance needs a website with policy pages and approval by Razorpay's banking partners, and the conversion markup on card payments is not published.²⁰¹³
• Only the purpose codes on Razorpay's list can use the MoneySaver account; P0807 is not on that list.¹⁰

What are the strengths and limitations of Skydo?

Strengths:

• Your clients are in the US, UK, UAE, Canada, Europe, Australia or Singapore and can pay by local bank transfer in their own currency.¹¹
• Your invoices are large enough that a flat USD 19 or USD 29 fee is a small share of the amount; Skydo itself says invoices under $1,000 carry a higher effective rate.¹⁵
• You want a FIRA issued for each payment by an RBI-authorised PA-CB.⁵²¹

Limitations:

• Payments below USD 50 cannot be processed, and the flat fee weighs more on small invoices.⁴⁵
• Skydo says it does not accept payments from 15 countries, but lists them only in an image.⁴²
• No card payment option or card fee is published.⁹
• Skydo's pages give different settlement times (within 24 hours on its product page, T+1 to T+3 business days in its terms) and describe its FX rate differently (0% markup on its product page, a retail rate set by Skydo or its partner banks in its terms).⁵⁶
• Skydo's terms limit the service to business and commercial payments, so it does not cover personal remittances.⁶

Should you choose Razorpay or Skydo?

Choose between Razorpay and Skydo by how your clients pay and your usual invoice size.

Choose Razorpay if:

• You want clients in the US, UK or eurozone to pay by local bank transfer (ACH, FPS or SEPA) and receive INR in your Indian bank account the next business day after invoice details are shared.¹⁰
• You want to offer international card or wallet checkout on your own website alongside bank transfers, from one dashboard.¹²²⁰
• You are paid through Upwork, Deel, Toptal, Freelancer, Fiverr or Amazon and want those payouts to land in a virtual account; Razorpay says invoice upload is not required for Amazon, Upwork and Freelancer transactions.¹⁰⁴¹

Choose Skydo if:

• Your clients are in the US, UK, UAE, Canada, Europe, Australia or Singapore and can pay by local bank transfer in their own currency.¹¹
• Your invoices are large enough that a flat USD 19 or USD 29 fee is a small share of the amount; Skydo itself says invoices under $1,000 carry a higher effective rate.¹⁵
• You want a FIRA issued for each payment by an RBI-authorised PA-CB.⁵²¹

For example, say a designer invoices a US client USD 2,000 by bank transfer. On published fees, Razorpay costs 1.00 to 1.18% and Skydo 1.12%. The ranges overlap, so the cheaper one depends on where each provider's markup lands; compare the rate on your first FIRA.^78123456

Which other platforms should you consider besides Razorpay and Skydo?

Other platforms to consider besides Razorpay and Skydo are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.^{2526272930313334353839}

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