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

Author:
Editorial team, serviceexportguide.com
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Editorial team
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16 min read

Short answer

Tazapay 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: Razorpay is best for local transfers from the US, UK and eurozone, and Tazapay is best for companies taking card or local payment methods.345

Use caseBetter optionWhy
Bank transfer of USD 5,000Cannot compareRazorpay costs about 1.00 to 1.18%; Tazapay does not publish full pricing.12
Bank transfer of USD 2,000Cannot compareRazorpay costs about 1.00 to 1.18%; Tazapay does not publish full pricing.12
Client paying USD 2,000 by card or linkCannot compareRazorpay costs about 2.00 to 2.36%; Tazapay does not publish full pricing.1
Razorpay is best forRazorpayLocal transfers from the US, UK and eurozone.3
Tazapay is best forTazapayCompanies taking card or local payment methods.45

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%
2RazorpayThis pageMoneySaver 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 Razorpay and Tazapay compare at a glance?

Razorpay and Tazapay 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.12678

RazorpayTazapay
Best forLocal transfers from the US, UK and eurozone3Companies taking card or local payment methods45
FeesMoneySaver bank transfers: 1% per transaction, GST applicable, with a flat fee of ₹1,000 on transactions below ₹1,00,000. Flash Links (US ACH debit): 2%. International cards: up to 3% per successful transaction plus 18% GST on the pricing page (the international payments page says 3% plus taxes). Enterprise pricing is custom.126Alternative payment methods: 0.8% to 2.5%. Global cards: 3.8% + USD 0.5 (non-high-risk industries). Global Collection Accounts (bank transfer receipts): not published, contact sales. No account opening fee.78
FX markupMoneySaver bank transfers: Razorpay says 0% FX markup, converting at the live exchange rate. Card payments: converted at the rate on the date of payment (the processing bank's rate, per Razorpay's docs); any markup on card conversions is not published.129Not published as a percentage. Tazapay says it sources rates from multiple partners and shows the exact rate before you confirm a collection or payout. Custom FX is offered on custom plans.
SettlementPush bank transfers (ACH, FPS, SEPA, SWIFT): T+1 from capture or from when invoice details are shared, whichever is later. Flash Links (ACH debit): around T+5 business days. International cards: Razorpay's FAQ refers to a T+7 working day settlement period, with early settlement at an additional, unpublished charge.310111Weekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.1213
FIRARazorpay 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.3142Tazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.78151617
CurrenciesVirtual local accounts in USD, GBP and EUR plus a SWIFT account; Razorpay's docs list other currencies (such as SGD, AED, AUD, CHF, DKK, SEK and CAD accounts) as coming soon on the dashboard. Card payments are accepted in around 135 currencies, according to Razorpay.36Tazapay says it supports collection in 35+ currencies through Global Collection Accounts, including USD, EUR, GBP, SGD, AUD and HKD. Its currency list marks INR as supported for invoicing, collection and settlement.1819
KYC: who can sign upIndian 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.32011Incorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.45
RBI PA-CB statusRazorpay 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).21Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.22234
SupportSupport tickets raised from Razorpay's support page, per product.24Tazapay lists 24/7 support via email, Slack, WhatsApp and Telegram, and a dedicated account manager. India-specific support channels are not published.7
LimitsRazorpay does not publish a per-transaction limit for international receipts. RBI's Payment Aggregator directions cap PA-CB export transactions at ₹25 lakh per transaction.25No daily transaction limit. Per-transaction limits vary by payment method and country, for example USD 15,000 for cards in many countries and EUR 100,000 for instant bank transfer in several European countries. Limits for Global Collection Account receipts are not published.2627
How clients payBank transfer to virtual account details (ACH in USD, FPS in GBP, SEPA in EUR, and SWIFT), ACH debit through Flash Links for US payers, or international card and wallet payments through Razorpay checkout or payment links.3106Cards and alternative (local) payment methods through Tazapay's checkout, payment links and plugins; and local bank transfer, SWIFT or stablecoin into a Global Collection Account (virtual account details in the business's name).71828
Card paymentsYes, international cards (Visa, Mastercard, Amex, Diners, Discover, JCB, UnionPay listed on the pricing page) and wallets such as Apple Pay and Google Pay, at up to 3% per successful transaction plus 18% GST.26Yes. Tazapay lists global card payments at 3.8% + USD 0.5 for non-high-risk industries, a USD 0.2 authentication fee (waived for successful transactions on the pricing page), USD 2 per card refund and USD 15 per card dispute.78

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

The INR you receive with Razorpay and Tazapay 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.

PlatformBest forINR on USD 2,000INR on USD 5,000INR on USD 10,000Cost on USD 5,000
RazorpayMost INRMoneySaver 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 ₹9,33,0071.00 to 1.18%

Not estimated because pricing for USD is not fully published: Tazapay.

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 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.6321

  • 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.32011
  • Best for: Local transfers from the US, UK and eurozone.3

What is Tazapay and who is it for?

Tazapay is a cross-border payments company, with licensed or registered entities in Singapore, Canada, the United States, Australia and Hong Kong, that offers incorporated businesses card and local payment method checkout, multi-currency collection accounts and payouts, and lists India among its jurisdictions through Tazapay Canada Corp. operating under the Rupee Drawing Arrangement.2247

  • Regulated by: Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.22234
  • Used by: Incorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.45
  • Best for: Companies taking card or local payment methods.45

How do Razorpay and Tazapay fees and FX markup compare?

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

What does Razorpay charge?

Transaction typeFeeFX markupGST on feesBest for
MoneySaver Export Account: bank transfer to virtual account details (Standard plan)INR 1000 up to INR 100,000; 1% above that120%Not statedClients paying by local bank transfer
FlashLinks (US) payment link paid by ACH debit2%10%Not statedClients paying through a payment link
International cards and wallets3%2Not published18%Clients paying by card

What does Tazapay charge?

Transaction typeFeeFX markupGST on feesBest for
Local bank transfer or Swift into a Global Collection AccountNot published8497Not publishedNot statedClients paying by local bank transfer
Global card payments (non-high-risk industries)3.8% + USD 0.5849Not publishedNot statedClients paying by card
Alternative (local) payment methods through checkout or payment links (non-high-risk industries)0.8 to 2.5%849Not publishedNot statedClients paying through a payment link

How do Razorpay and Tazapay compare on settlement speed?

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

PlatformSettlement timePayout to IndiaBest for
RazorpayPush bank transfers (ACH, FPS, SEPA, SWIFT): T+1 from capture or from when invoice details are shared, whichever is later. Flash Links (ACH debit): around T+5 business days. International cards: Razorpay's FAQ refers to a T+7 working day settlement period, with early settlement at an additional, unpublished charge.310111Automatic settlement in INR to the Indian bank account after Razorpay deducts its charges. Funds cannot be held in the foreign currency accounts. Razorpay also says it supports non-INR settlement to an EEFC account. No separate withdrawal fee is published.3Local transfers from the US, UK and eurozone3
TazapayWeekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.1213Settlement to the business's bank by local payment method or SWIFT. The help centre lists local currency settlement at USD 5 below USD 1,000 and free above, and wire settlement at USD 35 below USD 10,000 and free above. The pricing page lists settlements as free with a small fee for smaller amounts, local payouts at USD 2 to 5 and SWIFT at USD 5 to USD 35. Funds can also be held in the Tazapay balance.871318Companies taking card or local payment methods45

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

Razorpay and Tazapay 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.50

PlatformFIRARBI PA-CB statusBest for
RazorpayRazorpay 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.3142Razorpay 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).21Local transfers from the US, UK and eurozone3
TazapayTazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.78151617Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.22234Companies taking card or local payment methods45

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

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

PlatformCurrenciesHow clients payCard paymentsBest for
RazorpayVirtual local accounts in USD, GBP and EUR plus a SWIFT account; Razorpay's docs list other currencies (such as SGD, AED, AUD, CHF, DKK, SEK and CAD accounts) as coming soon on the dashboard. Card payments are accepted in around 135 currencies, according to Razorpay.36Bank transfer to virtual account details (ACH in USD, FPS in GBP, SEPA in EUR, and SWIFT), ACH debit through Flash Links for US payers, or international card and wallet payments through Razorpay checkout or payment links.3106Yes, international cards (Visa, Mastercard, Amex, Diners, Discover, JCB, UnionPay listed on the pricing page) and wallets such as Apple Pay and Google Pay, at up to 3% per successful transaction plus 18% GST.26Local transfers from the US, UK and eurozone3
TazapayTazapay says it supports collection in 35+ currencies through Global Collection Accounts, including USD, EUR, GBP, SGD, AUD and HKD. Its currency list marks INR as supported for invoicing, collection and settlement.1819Cards and alternative (local) payment methods through Tazapay's checkout, payment links and plugins; and local bank transfer, SWIFT or stablecoin into a Global Collection Account (virtual account details in the business's name).71828Yes. Tazapay lists global card payments at 3.8% + USD 0.5 for non-high-risk industries, a USD 0.2 authentication fee (waived for successful transactions on the pricing page), USD 2 per card refund and USD 15 per card dispute.78Companies taking card or local payment methods45

What are the strengths and limitations of Razorpay and Tazapay?

Razorpay and Tazapay 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.3
  • You want to offer international card or wallet checkout on your own website alongside bank transfers, from one dashboard.620
  • 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.351

Limitations:

  • Every MoneySaver payment needs an invoice and buyer address uploaded before Razorpay settles it, except Amazon, Upwork and Freelancer platform transactions.351
  • Transactions below ₹1,00,000 attract a flat fee of ₹1,000 instead of the 1% fee.1
  • Funds cannot be held in the foreign currency accounts; they are converted and settled.3
  • Refunds are not supported on push bank transfers, and ACH debit (Flash Links) payments can be reversed by the payer through a chargeback.310
  • 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.209
  • Only the purpose codes on Razorpay's list can use the MoneySaver account; P0807 is not on that list.3

What are the strengths and limitations of Tazapay?

Strengths:

  • Your business is an incorporated Indian company that can provide the KYB documents Tazapay lists for India.45
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.7
  • You want collection account details in currencies such as USD, EUR, GBP, SGD, AUD or HKD and are willing to get a quote from sales.187

Limitations:

  • Tazapay does not appear in the RBI's list of authorised Payment Aggregators, including the cross-border (PA-CB) category, as checked on 28 October 2026; it describes its India set-up as the Rupee Drawing Arrangement.2322
  • Individual freelancers cannot sign up; the account holder must be an incorporated corporation.4
  • Fees for receiving into Global Collection Accounts and the FX margin are not published.749
  • A FIRC for India costs USD 4 and is requested from partner banks rather than issued automatically.717
  • Settlements are weekly by default unless a custom cycle is agreed.12
  • Tazapay's pricing page and help centre publish different settlement and payout fee figures.78

Should you choose Razorpay or Tazapay?

Choose between Razorpay and Tazapay 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.3
  • You want to offer international card or wallet checkout on your own website alongside bank transfers, from one dashboard.620
  • 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.351

Choose Tazapay if:

  • Your business is an incorporated Indian company that can provide the KYB documents Tazapay lists for India.45
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.7
  • You want collection account details in currencies such as USD, EUR, GBP, SGD, AUD or HKD and are willing to get a quote from sales.187

For example, say a designer invoices a US client USD 2,000. Because Tazapay 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.129497

Which other platforms should you consider besides Razorpay and Tazapay?

Other platforms to consider besides Razorpay and Tazapay are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.303132333435373839414243454647

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets290.68%303132333435Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.3436Skydo review
Karbon BusinessUS bank transfers and marketplace payouts371.00 to 1.18%3738Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.37Karbon Business review
WinvestaLocal transfers with a published per-payment fee39401.24%39414243Free 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.4241Winvesta review
PayoneerMarketplace payouts such as Amazon or Upwork441.00 to 4.00%454647Free digital FIRA PDF for each transaction, issued by Payoneer's partner AD bank and available in the account under Manage, Reports and statements, within 24 to 72 hours (the same help article also says 1 to 3 business days). The e-FIRA/IRM in EDPMS is issued by the exporter's own bank, which may need the FIRA plus export documents.4748Payoneer 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]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  2. [2]Razorpay, Pricing (checked 2026-10-28)
  3. [3]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  4. [4]Tazapay, General Account Holder Terms and Conditions, last updated 15 September 2026 (checked 2026-10-28)
  5. [5]Tazapay Knowledge Base, Are there country differences for the documents needed for KYB? (checked 2026-10-28)
  6. [6]Razorpay, Accept International Payments (checked 2026-10-28)
  7. [7]Tazapay, Pricing (checked 2026-10-28)
  8. [8]Tazapay Knowledge Base, What is the fee for Tazapay's service? (checked 2026-10-28)
  9. [9]Razorpay Docs, Currency Conversion (checked 2026-10-28)
  10. [10]Razorpay Docs, Flash Links (ACH Debit) (checked 2026-10-28)
  11. [11]Razorpay Docs, International Payments FAQs (checked 2026-10-28)
  12. [12]Tazapay Knowledge Base, When will I receive my settlement from Tazapay? (checked 2026-10-28)
  13. [13]Tazapay Knowledge Base, What are the settlement options when receiving my payment? (checked 2026-10-28)
  14. [14]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  15. [15]Tazapay Knowledge Base, Who issues the FIRA/FIRC? (checked 2026-10-28)
  16. [16]Tazapay Knowledge Base, How do I get an FIRA, and how long does it take? (checked 2026-10-28)
  17. [17]Tazapay Developer Docs, FIRC (Foreign Inward Remittance Certificate) local guide (checked 2026-10-28)
  18. [18]Tazapay, Global Business Account (multi-currency global accounts) (checked 2026-10-28)
  19. [19]Tazapay Knowledge Base, What currencies does Tazapay support for invoicing, collection, and settlements/payouts? (checked 2026-10-28)
  20. [20]Razorpay Docs, International Debit and Credit Cards (checked 2026-10-28)
  21. [21]RBI: Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, Payment Aggregators list (dated 16 October 2026)
  22. [22]Tazapay, Licences, Registrations and Disclosures (checked 2026-10-28)
  23. [23]RBI, Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India, including Payment Aggregators (PA-O, PA-P and PA-CB) (checked 2026-10-28)
  24. [24]Razorpay, Support (checked 2026-10-28)
  25. [25]RBI: Master Direction on Regulation of Payment Aggregators, 15 September 2025
  26. [26]Tazapay Knowledge Base, Is there a daily transaction limit with Tazapay? (checked 2026-10-28)
  27. [27]Tazapay Knowledge Base, Is there a per transaction maximum limit with Tazapay? (checked 2026-10-28)
  28. [28]Tazapay Knowledge Base, How do funds reach my collection account? (checked 2026-10-28)
  29. [29]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  30. [30]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  31. [31]Skydo, Home page (checked 2026-10-28)
  32. [32]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  33. [33]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  34. [34]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  35. [35]Skydo, Terms of use (checked 2026-10-28)
  36. [36]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  37. [37]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  38. [38]Karbon, PayPal alternative (checked 2026-10-28)
  39. [39]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  40. [40]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  41. [41]Winvesta, Multi-currency account (checked 2026-10-28)
  42. [42]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  43. [43]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  44. [44]Payoneer, How to use Payoneer in India (last modified 18 September 2026, checked 2026-10-28)
  45. [45]Payoneer India, Payoneer Fees (checked 2026-10-28)
  46. [46]Payoneer India, Multi-currency account page and FAQs (checked 2026-10-28)
  47. [47]Payoneer Help Center, Digital FIRA FAQ (checked 2026-10-28)
  48. [48]Payoneer India, Digital FIRC page (checked 2026-10-28)
  49. [49]Tazapay Knowledge Base, What FX rate is charged? (checked 2026-10-28)
  50. [50]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  51. [51]Razorpay Docs, Manage Invoices and Transactions (International Bank Transfer) (checked 2026-10-28)
  52. [52]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

Which is cheaper for Indian exporters, Razorpay or Tazapay?+

There is no cost verdict for a USD 5,000 bank transfer: razorpay costs about 1.00 to 1.18%; Tazapay does not publish full pricing.12 The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

Do Razorpay and Tazapay give a FIRA to Indian exporters?+

Razorpay: 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.3142 Tazapay: Tazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.78151617

Can individual freelancers use Razorpay and Tazapay?+

Razorpay: 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.32011 Tazapay: Incorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.45

Are Razorpay and Tazapay authorised by the RBI?+

Razorpay: 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 Tazapay: Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.22234

How fast do Razorpay and Tazapay pay out to an Indian bank?+

Razorpay: Push bank transfers (ACH, FPS, SEPA, SWIFT): T+1 from capture or from when invoice details are shared, whichever is later. Flash Links (ACH debit): around T+5 business days. International cards: Razorpay's FAQ refers to a T+7 working day settlement period, with early settlement at an additional, unpublished charge.310111 Tazapay: Weekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.1213

Do I still need an LUT if I am paid through Razorpay or Tazapay?+

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 Razorpay, Tazapay or a bank wire.52

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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