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

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Editorial team, serviceexportguide.com
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Short answer

Neither Remitly nor Revolut 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: Remitly is best for uS or Canadian business clients already using Remitly, and Revolut is best for personal spending, not export receipts.12345

Use caseBetter optionWhy
Bank transfer of USD 5,000Cannot compareNeither publishes full pricing for this case.
Bank transfer of USD 2,000Cannot compareNeither publishes full pricing for this case.
Client paying USD 2,000 by card or linkCannot compareNeither publishes full pricing for this case.
Remitly is best forRemitlyUS or Canadian business clients already using Remitly.123
Revolut is best forRevolutPersonal spending, not export receipts.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%
2RazorpayMoneySaver 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 Remitly and Revolut compare at a glance?

Remitly and Revolut 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

RemitlyRevolut
Best forUS or Canadian business clients already using Remitly123Personal spending, not export receipts45
FeesRemitly 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.67Revolut says it does not charge fees for receiving a bank transfer into the INR account by UPI.8
FX markupRemitly 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.97Not applicable to receiving: the India wallet holds INR only. No inward conversion rate is published.4
SettlementRemitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.2Revolut says UPI transfers to the INR account are usually instant.8
FIRANot published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient.Not published. Revolut's India pages do not mention a FIRA or FIRC.
CurrenciesSenders pay in the currency of the send country; Remitly Business sends from the US. Recipients in India receive INR.127INR only for the India wallet. Revolut's India terms say PPIs can only be used for payments in Indian rupees.48
KYC: who can sign upSenders 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.91263Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.410
RBI PA-CB statusRemitly 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.119Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.114
SupportRemitly says business customers get 24/7 support by phone or help centre.2Revolut India publishes 24/7 in-app chat, support-india@revolut.com and a phone number.4
LimitsNot published as amounts. Remitly says limits vary by country, delivery method and verification, and are shown when the sender starts a transfer.Up to 25 inbound UPI transfers or INR 4,00,000 a day, whichever comes first, and a total INR balance of no more than INR 2,00,000 at any time.8
How clients payThe 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.92123Revolut India says money can be received into the INR account by UPI only; NEFT, IMPS and RTGS are not supported. No route for a foreign client to pay a Revolut India account from abroad is published.84
Card paymentsThe sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.29Not available for receiving. Revolut India does not publish a way to accept card payments from clients.48

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

The INR you receive with Remitly and Revolut 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.

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 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.92

  • 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.119
  • 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.91263
  • Best for: US or Canadian business clients already using Remitly.123

What is Revolut and who is it for?

Revolut in India is a personal app run by Revolut Payments India Private Limited, an RBI-authorised prepaid payment instrument issuer whose INR wallet cannot be used for business purposes.411

  • Regulated by: Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.114
  • Used by: Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.410
  • Best for: Personal spending, not export receipts.45

How do Remitly and Revolut fees and FX markup compare?

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

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.67

What does Revolut charge?

  • Fees: Revolut says it does not charge fees for receiving a bank transfer into the INR account by UPI.8

How do Remitly and Revolut compare on settlement speed?

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

PlatformSettlement timePayout to IndiaBest for
RemitlyRemitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.2Bank deposit, UPI, cash pickup or wallet in INR; the recipient does not need to withdraw anything.1226US or Canadian business clients already using Remitly123
RevolutRevolut says UPI transfers to the INR account are usually instant.8Revolut says unloading the INR wallet is free on the Standard plan.5Personal spending, not export receipts45

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

Remitly and Revolut publish the FIRA position and RBI status below, checked on 28 October 2026. An e-BRC is generated by the exporter on the DGFT portal from bank remittance data, so it does not depend on the provider issuing one.32

PlatformFIRARBI PA-CB statusBest for
RemitlyNot 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.119US or Canadian business clients already using Remitly123
RevolutNot published. Revolut's India pages do not mention a FIRA or FIRC.Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.114Personal spending, not export receipts45

Which currencies, countries and payment methods do Remitly and Revolut support?

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

PlatformCurrenciesHow clients payCard paymentsBest for
RemitlySenders pay in the currency of the send country; Remitly Business sends from the US. Recipients in India receive INR.127The 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.92123The sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.29US or Canadian business clients already using Remitly123
RevolutINR only for the India wallet. Revolut's India terms say PPIs can only be used for payments in Indian rupees.48Revolut India says money can be received into the INR account by UPI only; NEFT, IMPS and RTGS are not supported. No route for a foreign client to pay a Revolut India account from abroad is published.84Not available for receiving. Revolut India does not publish a way to accept card payments from clients.48Personal spending, not export receipts45

What are the strengths and limitations of Remitly and Revolut?

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

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.123
  • Your client is an individual paying for a personal need, such as private tutoring, which Remitly's personal terms permit.9

Limitations:

  • An Indian freelancer or company cannot open an account to receive or invoice through Remitly; the client must be the Remitly customer.912
  • Remitly Business is offered to businesses in the US and Canada only, and Remitly's personal terms prohibit sending for business purposes.193
  • 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.1126

What are the strengths and limitations of Revolut?

Strengths:

  • You want a personal INR wallet and card for your own spending, separate from how you get paid for exports.45

Limitations:

  • Revolut's India terms prohibit using a Revolut Account for business purposes.4
  • The India wallet holds INR only and receives money by UPI only, so a foreign client cannot pay into it from abroad by any published route.48
  • Revolut Business is not available to companies registered in India.10
  • Revolut India is not an RBI-authorised PA-CB and its pages do not mention a FIRA, FIRC or purpose code.114

Should you choose Remitly or Revolut?

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

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.123
  • Your client is an individual paying for a personal need, such as private tutoring, which Remitly's personal terms permit.9

Choose Revolut if:

  • You want a personal INR wallet and card for your own spending, separate from how you get paid for exports.45

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.974

Which other platforms should you consider besides Remitly and Revolut?

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

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets130.68%141516171819Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.1820Skydo review
Karbon BusinessUS bank transfers and marketplace payouts211.00 to 1.18%2122Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.21Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone231.00 to 1.18%2425Razorpay 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.232625Razorpay review
WinvestaLocal transfers with a published per-payment fee27281.24%27293031Free 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.3029Winvesta 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]Remitly Business Account Agreement (US), updated 1 August 2026, sections 3, 4 and 8 (checked 2026-10-28)
  2. [2]Remitly, Business payments from the United States to India (checked 2026-10-28)
  3. [3]Remitly Canada, Remitly Business page and FAQ (checked 2026-10-31)
  4. [4]Revolut India, Personal terms, effective 19 November 2025, sections 1, 2, 4 and 20 (checked 2026-10-28)
  5. [5]Revolut India, Personal fees (Standard), from the week of 24 November 2025 (checked 2026-10-28)
  6. [6]Remitly India, Receive money in India from family abroad (checked 2026-10-28)
  7. [7]Remitly, USD to INR rate and fees (checked 2026-10-28)
  8. [8]Revolut India Help, How to transfer funds to Revolut (checked 2026-10-28)
  9. [9]Remitly User Agreement (US), effective 23 February 2026, sections on account use, foreign currency exchange, commercial transactions and transactions to India (checked 2026-10-28)
  10. [10]Revolut Business Help, Eligible countries and territories for Revolut Business (checked 2026-10-28)
  11. [11]RBI: Payment system operators authorised under the PSS Act, 2007, list as on 16 October 2026 (checked 2026-10-28)
  12. [12]Remitly, Send money to India from the United States (checked 2026-10-28)
  13. [13]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  14. [14]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  15. [15]Skydo, Home page (checked 2026-10-28)
  16. [16]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  17. [17]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  18. [18]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  19. [19]Skydo, Terms of use (checked 2026-10-28)
  20. [20]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  21. [21]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  22. [22]Karbon, PayPal alternative (checked 2026-10-28)
  23. [23]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  24. [24]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  25. [25]Razorpay, Pricing (checked 2026-10-28)
  26. [26]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  27. [27]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  28. [28]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  29. [29]Winvesta, Multi-currency account (checked 2026-10-28)
  30. [30]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  31. [31]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  32. [32]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  33. [33]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

Which is cheaper for Indian exporters, Remitly or Revolut?+

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.974 The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

Do Remitly and Revolut give a FIRA to Indian exporters?+

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

Can individual freelancers use Remitly and Revolut?+

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.91263 Revolut: Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.410

Are Remitly and Revolut authorised by the RBI?+

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.119 Revolut: Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.114

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

Remitly: Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.2 Revolut: Revolut says UPI transfers to the INR account are usually instant.8

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

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 Remitly, Revolut or a bank wire.33

This page is general information for Indian service exporters, not tax or legal advice. Rules change and outcomes depend on your facts, so confirm with a chartered accountant before acting.

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