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Stripe vs PingPong (2026): Which Is Better for Receiving International Payments in India?

Author:
Editorial team, serviceexportguide.com
Verified by:
Editorial team
Published
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Fees checked on
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15 min read

Short answer

Neither Stripe nor PingPong 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: Stripe is best for card checkout and subscriptions, and PingPong is best for collecting marketplace and processor payouts.1234

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.
Stripe is best forStripeCard checkout and subscriptions.12
PingPong is best forPingPongCollecting marketplace and processor payouts.34

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 Stripe and PingPong compare at a glance?

Stripe and PingPong 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.5678

StripePingPong
Best forCard checkout and subscriptions12Collecting marketplace and processor payouts34
Fees3% for Visa and Mastercard cards issued outside India, 3.5% for American Express cards issued outside India, and 4.3% for international cards with USD or other non-INR presentment, per successful charge.56PingPong says creating an account and receiving payments is free of charge, and that most virtual accounts are free to use.78
FX markupAdditional 2% if currency conversion is required. Stripe does not publish on these pages exactly which export charges need conversion.56Not published as a percentage. PingPong's terms say conversion happens at the rate PingPong determines at the time of the transaction, at its sole and absolute discretion.
SettlementEach daily payout includes international card payments processed five business days earlier. No payouts on weekends or public holidays. Seven-day waiting period for the first payout, which can be longer for high-risk industries.9PingPong says INR withdrawals submitted before 2:30 pm succeed the same day (T+0) and after 2:30 pm the next day (T+1); non-INR withdrawals succeed within 1 to 3 days. Its freelancer page says 1 to 2 working days to an Indian account.104
FIRAStripe does not issue a FIRC itself. Standard Chartered Bank emails a payment advice (payee advice) to the registered Stripe email on the day an export payout is processed; Stripe says to present it to your own bank to request a FIRC. Cost of the FIRC from your bank: not published by Stripe.111PingPong says it provides a digital FIRC free of cost. You apply in the dashboard against the relevant transactions and PingPong says the application takes 3 to 5 business days.31213
CurrenciesStripe says it supports presentment in 135+ currencies on Visa and Mastercard, and INR or USD on American Express.16PingPong India lists virtual accounts in 12 currencies. Its freelancer page lists a shorter set of six receiving currencies.34
KYC: who can sign upBy invite only: Indian businesses cannot sign up through the website and must request an invite. International payments are open to sole proprietorships, LLPs and companies. Individuals can use Stripe India for domestic payments only. Non-profits, NGOs and simple partnerships are not supported.121415Individuals (personal account) and businesses registered as partnerships, corporations or sole proprietorships. LLPs are not named.16
RBI PA-CB statusRBI lists Stripe India Private Limited as an authorised Payment Aggregator Online (PA-O, 'Stripe', dated 15.01.2024), not as a Payment Aggregator-Cross Border (PA-CB). RBI's application status list as on 16.10.2026 shows its new PA-CB application returned on 12.07.2024 and marks it as withdrawn by the entity. Stripe says it withdrew the PA-CB application based on RBI guidance and continues cross-border services for Indian businesses on an invite-only basis. Stripe names Standard Chartered Bank as the bank that issues payment advice for export payouts.171819111PingPong says its India Liaison Office is approved by the RBI (unique identification number BGLO19008226) and that PingPong acts in India as an Online Payment Gateway Service Provider (OPGSP). Its terms for Indian customers cite the RBI Payment Aggregator Cross Border (PA-CB) rules and say funds are held in an Export Collection Account with an Authorised Dealer bank in India. PingPong does not appear among the PA-CB entities in the RBI list of Certificates of Authorisation dated 16 October 2026. Under the RBI Master Direction of 15 September 2025, the older OPGSP circulars continue only for an existing PA-CB that applied for authorisation on or before 30 April 2024 and whose application is still pending. Whether PingPong has such a pending application is not published on the pages checked.2021222324
SupportNot published for Indian users on the pages checked; prospective users fill in a contact form to request an invite.Email cs-india@pingpongx.com, LiveChat, a Bengaluru office for licensing queries, and a dedicated account manager.20123
LimitsUp to ₹25 lakh per export transaction for sole proprietorships, LLPs and companies.25PingPong's India terms limit eligible receipts to ₹25,00,000 per transaction. The number of virtual accounts you can open depends on account usage level and turnover.2226
How clients payForeign customers pay by card (Visa, Mastercard, American Express), Apple Pay or Google Pay through a Stripe checkout, payment link, invoice or subscription. Cards must be issued outside India and the customer must give a non-Indian billing address. International card payments require 3D Secure authentication.14271Payment into a virtual receiving account from marketplaces, payment processors such as PayPal and Stripe, or a client's wire transfer (PingPong may ask for the invoice or contract); or through a PingPong payment request (e-invoice) paid by bank transfer or PingPong balance.342829
Card paymentsYes, card payments are the core method: 3% (Visa or Mastercard issued abroad, INR presentment), 3.5% (American Express issued abroad), 4.3% (non-INR presentment), plus 2% if conversion is required. GST at 18% is charged on Stripe fees.530PingPong's India home page says payment requests accept bank transfers and US debit card payments; its help centre lists only bank transfer and PingPong balance for paying an e-invoice. Card fee: Not published.329

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

The INR you receive with Stripe and PingPong 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: PingPong, 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.

What is Stripe and who is it for?

Stripe is a US-headquartered online payments company whose India accounts, available by invite only, let registered Indian businesses accept card and wallet payments from customers abroad and receive payouts in INR.16

  • Regulated by: RBI lists Stripe India Private Limited as an authorised Payment Aggregator Online (PA-O, 'Stripe', dated 15.01.2024), not as a Payment Aggregator-Cross Border (PA-CB). RBI's application status list as on 16.10.2026 shows its new PA-CB application returned on 12.07.2024 and marks it as withdrawn by the entity. Stripe says it withdrew the PA-CB application based on RBI guidance and continues cross-border services for Indian businesses on an invite-only basis. Stripe names Standard Chartered Bank as the bank that issues payment advice for export payouts.171819111
  • Used by: By invite only: Indian businesses cannot sign up through the website and must request an invite. International payments are open to sole proprietorships, LLPs and companies. Individuals can use Stripe India for domestic payments only. Non-profits, NGOs and simple partnerships are not supported.121415
  • Best for: Card checkout and subscriptions.12

What is PingPong and who is it for?

PingPong is a cross-border payments company founded in New York in 2015 that gives Indian sellers, freelancers and service providers virtual receiving accounts in foreign currencies and withdraws the money to an Indian bank account.213

  • Regulated by: PingPong says its India Liaison Office is approved by the RBI (unique identification number BGLO19008226) and that PingPong acts in India as an Online Payment Gateway Service Provider (OPGSP). Its terms for Indian customers cite the RBI Payment Aggregator Cross Border (PA-CB) rules and say funds are held in an Export Collection Account with an Authorised Dealer bank in India. PingPong does not appear among the PA-CB entities in the RBI list of Certificates of Authorisation dated 16 October 2026. Under the RBI Master Direction of 15 September 2025, the older OPGSP circulars continue only for an existing PA-CB that applied for authorisation on or before 30 April 2024 and whose application is still pending. Whether PingPong has such a pending application is not published on the pages checked.2021222324
  • Used by: Individuals (personal account) and businesses registered as partnerships, corporations or sole proprietorships. LLPs are not named.16
  • Best for: Collecting marketplace and processor payouts.34

How do Stripe and PingPong fees and FX markup compare?

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

What does Stripe charge?

Transaction typeFeeFX markupGST on feesBest for
Visa or Mastercard issued outside India, charged in INR3%56300%18%Clients paying by card
American Express card issued outside India3.5%5302%18%Clients paying by card
International card with USD or other non-INR presentment4.3%56302%18%Clients paying by card

What does PingPong charge?

Transaction typeFeeFX markupGST on feesBest for
Payment into a PingPong virtual receiving account, then withdrawal to an Indian bank1%78322Not publishedNot statedClients paying by local bank transfer

How do Stripe and PingPong compare on settlement speed?

Stripe and PingPong publish these settlement times for money reaching an Indian bank account.

PlatformSettlement timePayout to IndiaBest for
StripeEach daily payout includes international card payments processed five business days earlier. No payouts on weekends or public holidays. Seven-day waiting period for the first payout, which can be longer for high-risk industries.9Automatic daily payouts in INR only to the Indian bank account. Export payouts are made separately from domestic payouts and are labelled International. Manual, weekly and monthly schedules are not available. No payout fee is stated.916Card checkout and subscriptions12
PingPongPingPong says INR withdrawals submitted before 2:30 pm succeed the same day (T+0) and after 2:30 pm the next day (T+1); non-INR withdrawals succeed within 1 to 3 days. Its freelancer page says 1 to 2 working days to an Indian account.104Withdrawal to your own Indian bank account, manually or by auto withdraw, in INR or in foreign currency to an EEFC account. PingPong's help centre says withdrawals are charged 1% per transaction and that the fee standard may vary by region.3107Collecting marketplace and processor payouts34

Do Stripe and PingPong provide FIRA and e-BRC, and are they RBI PA-CB authorised?

Stripe and PingPong 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
StripeStripe does not issue a FIRC itself. Standard Chartered Bank emails a payment advice (payee advice) to the registered Stripe email on the day an export payout is processed; Stripe says to present it to your own bank to request a FIRC. Cost of the FIRC from your bank: not published by Stripe.111RBI lists Stripe India Private Limited as an authorised Payment Aggregator Online (PA-O, 'Stripe', dated 15.01.2024), not as a Payment Aggregator-Cross Border (PA-CB). RBI's application status list as on 16.10.2026 shows its new PA-CB application returned on 12.07.2024 and marks it as withdrawn by the entity. Stripe says it withdrew the PA-CB application based on RBI guidance and continues cross-border services for Indian businesses on an invite-only basis. Stripe names Standard Chartered Bank as the bank that issues payment advice for export payouts.171819111Card checkout and subscriptions12
PingPongPingPong says it provides a digital FIRC free of cost. You apply in the dashboard against the relevant transactions and PingPong says the application takes 3 to 5 business days.31213PingPong says its India Liaison Office is approved by the RBI (unique identification number BGLO19008226) and that PingPong acts in India as an Online Payment Gateway Service Provider (OPGSP). Its terms for Indian customers cite the RBI Payment Aggregator Cross Border (PA-CB) rules and say funds are held in an Export Collection Account with an Authorised Dealer bank in India. PingPong does not appear among the PA-CB entities in the RBI list of Certificates of Authorisation dated 16 October 2026. Under the RBI Master Direction of 15 September 2025, the older OPGSP circulars continue only for an existing PA-CB that applied for authorisation on or before 30 April 2024 and whose application is still pending. Whether PingPong has such a pending application is not published on the pages checked.2021222324Collecting marketplace and processor payouts34

Which currencies, countries and payment methods do Stripe and PingPong support?

Stripe and PingPong accept the currencies and payment methods below, as each publishes them.

PlatformCurrenciesHow clients payCard paymentsBest for
StripeStripe says it supports presentment in 135+ currencies on Visa and Mastercard, and INR or USD on American Express.16Foreign customers pay by card (Visa, Mastercard, American Express), Apple Pay or Google Pay through a Stripe checkout, payment link, invoice or subscription. Cards must be issued outside India and the customer must give a non-Indian billing address. International card payments require 3D Secure authentication.14271Yes, card payments are the core method: 3% (Visa or Mastercard issued abroad, INR presentment), 3.5% (American Express issued abroad), 4.3% (non-INR presentment), plus 2% if conversion is required. GST at 18% is charged on Stripe fees.530Card checkout and subscriptions12
PingPongPingPong India lists virtual accounts in 12 currencies. Its freelancer page lists a shorter set of six receiving currencies.34Payment into a virtual receiving account from marketplaces, payment processors such as PayPal and Stripe, or a client's wire transfer (PingPong may ask for the invoice or contract); or through a PingPong payment request (e-invoice) paid by bank transfer or PingPong balance.342829PingPong's India home page says payment requests accept bank transfers and US debit card payments; its help centre lists only bank transfer and PingPong balance for paying an e-invoice. Card fee: Not published.329Collecting marketplace and processor payouts34

What are the strengths and limitations of Stripe and PingPong?

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

What are the strengths and limitations of Stripe?

Strengths:

  • You are a registered sole proprietorship, LLP or company and have been invited to Stripe India.12
  • Your foreign customers pay by card, Apple Pay or Google Pay, for example on a website checkout or a subscription.14
  • You bill recurring international subscriptions or invoices and want Stripe Billing to collect them.1
  • Each payment is within ₹25 lakh.25

Limitations:

  • Available by invite only in India; new businesses cannot sign up through the website.115
  • Individuals (freelancers not registered as a business entity) cannot accept international payments.21425
  • Only card and wallet payments from abroad are listed; no local bank account details for clients to pay by bank transfer are listed for India accounts.14
  • Payouts are in INR only; a foreign currency balance cannot be held or withdrawn.61
  • Only one transaction purpose code per Stripe account.1
  • Stripe does not issue a FIRC; you take the Standard Chartered payment advice to your own bank.11
  • RBI lists Stripe India as a Payment Aggregator Online (PA-O), not a Payment Aggregator-Cross Border (PA-CB); its PA-CB application was withdrawn, per RBI's status list and Stripe's own support page.171819
  • Stripe charges ₹1,000 per dispute received and ₹1,000 per dispute countered, each returned if you win, and the original processing and conversion fees are not returned on refunds.5

What are the strengths and limitations of PingPong?

Strengths:

  • You are paid through marketplaces, app stores or processors such as PayPal and Stripe and want a receiving account that collects those payouts.34
  • You want to keep receipts in foreign currency through an EEFC account rather than convert every payment to INR.3
  • You want a free digital FIRC from the dashboard for each receipt.313

Limitations:

  • PingPong does not appear among PA-CB entities in the RBI list of Certificates of Authorisation dated 16 October 2026, and its India authorisation status under the PA-CB rules is not published on the pages checked.2320
  • The FX rate is set by PingPong at its discretion and no markup percentage is published.22
  • The 1% withdrawal fee is published in a help article that says the fee may vary by region and to check with customer service or an account manager.7
  • Eligible receipts are capped at ₹25,00,000 per transaction.22
  • The contracting entity for India is PingPong Global Solutions Inc., a New York corporation, with California law and courts.22

Should you choose Stripe or PingPong?

Choose between Stripe and PingPong by how your clients pay and your usual invoice size.

Choose Stripe if:

  • You are a registered sole proprietorship, LLP or company and have been invited to Stripe India.12
  • Your foreign customers pay by card, Apple Pay or Google Pay, for example on a website checkout or a subscription.14
  • You bill recurring international subscriptions or invoices and want Stripe Billing to collect them.1
  • Each payment is within ₹25 lakh.25

Choose PingPong if:

  • You are paid through marketplaces, app stores or processors such as PayPal and Stripe and want a receiving account that collects those payouts.34
  • You want to keep receipts in foreign currency through an EEFC account rather than convert every payment to INR.3
  • You want a free digital FIRC from the dashboard for each receipt.313

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.5622

Which other platforms should you consider besides Stripe and PingPong?

Other platforms to consider besides Stripe and PingPong are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.3233343536373940424345474849

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets310.68%323334353637Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.3638Skydo review
Karbon BusinessUS bank transfers and marketplace payouts391.00 to 1.18%3940Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.39Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone411.00 to 1.18%4243Razorpay 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.414443Razorpay review
WinvestaLocal transfers with a published per-payment fee45461.24%45474849Free 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.4847Winvesta 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]Stripe Docs, Accept international payments from India (checked 2026-10-28)
  2. [2]Stripe Support, Accepting international payments from Stripe accounts in India (checked 2026-10-28)
  3. [3]PingPong India, home page (checked 2026-10-28)
  4. [4]PingPong India, Freelancers and Service Providers (checked 2026-10-28)
  5. [5]Stripe India, Pricing (checked 2026-10-28)
  6. [6]Stripe Support, Additional pricing information for Indian cross-border sellers (checked 2026-10-28)
  7. [7]PingPong India Help Center, What is the charging standard? (checked 2026-10-28)
  8. [8]PingPong India Help Center, How does your virtual account charge? (checked 2026-10-28)
  9. [9]Stripe Support, Payout schedule for Stripe accounts in India (checked 2026-10-28)
  10. [10]PingPong India Help Center, How can I withdraw funds from my PingPong account? (checked 2026-10-28)
  11. [11]Stripe Support, FIRC/payment advice for international transactions in India (checked 2026-10-28)
  12. [12]PingPong India, Value Added Services (checked 2026-10-28)
  13. [13]PingPong India Help Center, How can I get a FIRC? (checked 2026-10-28)
  14. [14]Stripe Support, Supported payment methods, currencies and businesses for Stripe accounts in India (checked 2026-10-28)
  15. [15]Stripe India, Contact sales (request an invite) (checked 2026-10-28)
  16. [16]PingPong India Help Center, What steps should I follow for registering a PingPong account? (checked 2026-10-28)
  17. [17]RBI, Payment system operators authorised under the Payment and Settlement Systems Act, 2007, list dated 16 October 2026 (checked 2026-10-28)
  18. [18]RBI, Status of Applications received under Payment and Settlement Systems Act, 2007, as on 16.10.2026, Table F (checked 2026-10-28)
  19. [19]Stripe Support, Cross-border payment services in India (checked 2026-10-28)
  20. [20]PingPong India, License and Regulation (checked 2026-10-28)
  21. [21]PingPong India, About Us (checked 2026-10-28)
  22. [22]PingPong Service Terms and Conditions, section 3.1, section 9.3 and Exhibit A (Applicable to Customer Location in India) (checked 2026-10-28)
  23. [23]RBI: Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, Payment Aggregators (PA-O, PA-P and PA-CB), dated 16 October 2026 (checked 2026-10-28)
  24. [24]RBI: Master Direction on Regulation of Payment Aggregator, 15 September 2025, paragraphs 11(d) and 19
  25. [25]Stripe Support, Export (international) transaction limits for Stripe accounts in India (checked 2026-10-28)
  26. [26]PingPong India Help Center, Are there any requirements to increase the amount of receiving accounts that I have? (checked 2026-10-28)
  27. [27]Stripe Support, Requirements for India export charges (checked 2026-10-28)
  28. [28]PingPong India Help Center, Can I receive funds from purchaser through wire transfer? (checked 2026-10-28)
  29. [29]PingPong India Help Center, What are the payment methods available for paying e-invoice? (checked 2026-10-28)
  30. [30]Stripe Support, Taxes on Stripe fees for India-based businesses (checked 2026-10-28)
  31. [31]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  32. [32]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  33. [33]Skydo, Home page (checked 2026-10-28)
  34. [34]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  35. [35]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  36. [36]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  37. [37]Skydo, Terms of use (checked 2026-10-28)
  38. [38]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  39. [39]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  40. [40]Karbon, PayPal alternative (checked 2026-10-28)
  41. [41]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  42. [42]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  43. [43]Razorpay, Pricing (checked 2026-10-28)
  44. [44]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  45. [45]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  46. [46]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  47. [47]Winvesta, Multi-currency account (checked 2026-10-28)
  48. [48]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  49. [49]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  50. [50]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  51. [51]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

Which is cheaper for Indian exporters, Stripe or PingPong?+

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.5622 The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

Do Stripe and PingPong give a FIRA to Indian exporters?+

Stripe: Stripe does not issue a FIRC itself. Standard Chartered Bank emails a payment advice (payee advice) to the registered Stripe email on the day an export payout is processed; Stripe says to present it to your own bank to request a FIRC. Cost of the FIRC from your bank: not published by Stripe.111 PingPong: PingPong says it provides a digital FIRC free of cost. You apply in the dashboard against the relevant transactions and PingPong says the application takes 3 to 5 business days.31213

Can individual freelancers use Stripe and PingPong?+

Stripe: By invite only: Indian businesses cannot sign up through the website and must request an invite. International payments are open to sole proprietorships, LLPs and companies. Individuals can use Stripe India for domestic payments only. Non-profits, NGOs and simple partnerships are not supported.121415 PingPong: Individuals (personal account) and businesses registered as partnerships, corporations or sole proprietorships. LLPs are not named.16

Are Stripe and PingPong authorised by the RBI?+

Stripe: RBI lists Stripe India Private Limited as an authorised Payment Aggregator Online (PA-O, 'Stripe', dated 15.01.2024), not as a Payment Aggregator-Cross Border (PA-CB). RBI's application status list as on 16.10.2026 shows its new PA-CB application returned on 12.07.2024 and marks it as withdrawn by the entity. Stripe says it withdrew the PA-CB application based on RBI guidance and continues cross-border services for Indian businesses on an invite-only basis. Stripe names Standard Chartered Bank as the bank that issues payment advice for export payouts.171819111 PingPong: PingPong says its India Liaison Office is approved by the RBI (unique identification number BGLO19008226) and that PingPong acts in India as an Online Payment Gateway Service Provider (OPGSP). Its terms for Indian customers cite the RBI Payment Aggregator Cross Border (PA-CB) rules and say funds are held in an Export Collection Account with an Authorised Dealer bank in India. PingPong does not appear among the PA-CB entities in the RBI list of Certificates of Authorisation dated 16 October 2026. Under the RBI Master Direction of 15 September 2025, the older OPGSP circulars continue only for an existing PA-CB that applied for authorisation on or before 30 April 2024 and whose application is still pending. Whether PingPong has such a pending application is not published on the pages checked.2021222324

How fast do Stripe and PingPong pay out to an Indian bank?+

Stripe: Each daily payout includes international card payments processed five business days earlier. No payouts on weekends or public holidays. Seven-day waiting period for the first payout, which can be longer for high-risk industries.9 PingPong: PingPong says INR withdrawals submitted before 2:30 pm succeed the same day (T+0) and after 2:30 pm the next day (T+1); non-INR withdrawals succeed within 1 to 3 days. Its freelancer page says 1 to 2 working days to an Indian account.104

Do I still need an LUT if I am paid through Stripe or PingPong?+

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 Stripe, PingPong or a bank wire.51

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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