Guide for Service Exporters
Menu
Compare

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

Author:
Editorial team, serviceexportguide.com
Verified by:
Editorial team
Published
Last modified
Fees checked on
Reading time
13 min read

Short answer

Neither Stripe nor Remitly 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 Remitly is best for uS or Canadian business clients already using Remitly.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.
Stripe is best forStripeCard checkout and subscriptions.12
Remitly is best forRemitlyUS or Canadian business clients already using Remitly.345

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 Remitly compare at a glance?

Stripe and Remitly 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.6789

StripeRemitly
Best forCard checkout and subscriptions12US or Canadian business clients already using Remitly345
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.67Remitly 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.89
FX markupAdditional 2% if currency conversion is required. Stripe does not publish on these pages exactly which export charges need conversion.67Remitly 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.109
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.11Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.4
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.121Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient.
CurrenciesStripe says it supports presentment in 135+ currencies on Visa and Mastercard, and INR or USD on American Express.17Senders pay in the currency of the send country; Remitly Business sends from the US. Recipients in India receive INR.349
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.121314Senders 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.103485
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.151617112Remitly 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.1510
SupportNot published for Indian users on the pages checked; prospective users fill in a contact form to request an invite.Remitly says business customers get 24/7 support by phone or help centre.4
LimitsUp to ₹25 lakh per export transaction for sole proprietorships, LLPs and companies.18Not published as amounts. Remitly says limits vary by country, delivery method and verification, and are shown when the sender starts a transfer.
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.13191The 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.104205
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.621The sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.410

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

The INR you receive with Stripe and Remitly 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: 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.17

  • 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.151617112
  • 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.121314
  • Best for: Card checkout and subscriptions.12

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.104

  • 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.1510
  • 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.103485
  • Best for: US or Canadian business clients already using Remitly.345

How do Stripe and Remitly fees and FX markup compare?

Stripe and Remitly 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%67210%18%Clients paying by card
American Express card issued outside India3.5%6212%18%Clients paying by card
International card with USD or other non-INR presentment4.3%67212%18%Clients paying by card

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.89

How do Stripe and Remitly compare on settlement speed?

Stripe and Remitly 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.11Automatic 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.1117Card checkout and subscriptions12
RemitlyRemitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.4Bank deposit, UPI, cash pickup or wallet in INR; the recipient does not need to withdraw anything.2048US or Canadian business clients already using Remitly345

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

Stripe and Remitly 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.41

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.121RBI 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.151617112Card checkout and subscriptions12
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.1510US or Canadian business clients already using Remitly345

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

Stripe and Remitly 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.17Foreign 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.13191Yes, 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.621Card checkout and subscriptions12
RemitlySenders pay in the currency of the send country; Remitly Business sends from the US. Recipients in India receive INR.349The 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.104205The sender can fund a transfer with a debit or credit card; the Indian recipient cannot accept card payments through Remitly.410US or Canadian business clients already using Remitly345

What are the strengths and limitations of Stripe and Remitly?

Stripe and Remitly 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.13
  • You bill recurring international subscriptions or invoices and want Stripe Billing to collect them.1
  • Each payment is within ₹25 lakh.18

Limitations:

  • Available by invite only in India; new businesses cannot sign up through the website.114
  • Individuals (freelancers not registered as a business entity) cannot accept international payments.21318
  • 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.13
  • Payouts are in INR only; a foreign currency balance cannot be held or withdrawn.71
  • 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.12
  • 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.151617
  • 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.6

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.345
  • Your client is an individual paying for a personal need, such as private tutoring, which Remitly's personal terms permit.10

Limitations:

  • An Indian freelancer or company cannot open an account to receive or invoice through Remitly; the client must be the Remitly customer.1034
  • Remitly Business is offered to businesses in the US and Canada only, and Remitly's personal terms prohibit sending for business purposes.3105
  • 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.1548

Should you choose Stripe or Remitly?

Choose between Stripe and Remitly 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.13
  • You bill recurring international subscriptions or invoices and want Stripe Billing to collect them.1
  • Each payment is within ₹25 lakh.18

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.345
  • Your client is an individual paying for a personal need, such as private tutoring, which Remitly's personal terms permit.10

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.67109

Which other platforms should you consider besides Stripe and Remitly?

Other platforms to consider besides Stripe and Remitly are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.2324252627283031333436383940

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets220.68%232425262728Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.2729Skydo review
Karbon BusinessUS bank transfers and marketplace payouts301.00 to 1.18%3031Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.30Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone321.00 to 1.18%3334Razorpay 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.323534Razorpay review
WinvestaLocal transfers with a published per-payment fee36371.24%36383940Free 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.3938Winvesta 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]Remitly Business Account Agreement (US), updated 1 August 2026, sections 3, 4 and 8 (checked 2026-10-28)
  4. [4]Remitly, Business payments from the United States to India (checked 2026-10-28)
  5. [5]Remitly Canada, Remitly Business page and FAQ (checked 2026-10-31)
  6. [6]Stripe India, Pricing (checked 2026-10-28)
  7. [7]Stripe Support, Additional pricing information for Indian cross-border sellers (checked 2026-10-28)
  8. [8]Remitly India, Receive money in India from family abroad (checked 2026-10-28)
  9. [9]Remitly, USD to INR rate and fees (checked 2026-10-28)
  10. [10]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)
  11. [11]Stripe Support, Payout schedule for Stripe accounts in India (checked 2026-10-28)
  12. [12]Stripe Support, FIRC/payment advice for international transactions in India (checked 2026-10-28)
  13. [13]Stripe Support, Supported payment methods, currencies and businesses for Stripe accounts in India (checked 2026-10-28)
  14. [14]Stripe India, Contact sales (request an invite) (checked 2026-10-28)
  15. [15]RBI, Payment system operators authorised under the Payment and Settlement Systems Act, 2007, list dated 16 October 2026 (checked 2026-10-28)
  16. [16]RBI, Status of Applications received under Payment and Settlement Systems Act, 2007, as on 16.10.2026, Table F (checked 2026-10-28)
  17. [17]Stripe Support, Cross-border payment services in India (checked 2026-10-28)
  18. [18]Stripe Support, Export (international) transaction limits for Stripe accounts in India (checked 2026-10-28)
  19. [19]Stripe Support, Requirements for India export charges (checked 2026-10-28)
  20. [20]Remitly, Send money to India from the United States (checked 2026-10-28)
  21. [21]Stripe Support, Taxes on Stripe fees for India-based businesses (checked 2026-10-28)
  22. [22]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  23. [23]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  24. [24]Skydo, Home page (checked 2026-10-28)
  25. [25]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  26. [26]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  27. [27]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  28. [28]Skydo, Terms of use (checked 2026-10-28)
  29. [29]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  30. [30]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  31. [31]Karbon, PayPal alternative (checked 2026-10-28)
  32. [32]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  33. [33]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  34. [34]Razorpay, Pricing (checked 2026-10-28)
  35. [35]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  36. [36]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  37. [37]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  38. [38]Winvesta, Multi-currency account (checked 2026-10-28)
  39. [39]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  40. [40]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  41. [41]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  42. [42]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

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

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.67109 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 Remitly 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.121 Remitly: Not published. Remitly's pages do not mention a FIRA or FIRC for the Indian recipient.

Can individual freelancers use Stripe and Remitly?+

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.121314 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.103485

Are Stripe and Remitly 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.151617112 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.1510

How fast do Stripe and Remitly 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.11 Remitly: Remitly says business transfers to India are typically delivered within the hour, and that a delivery time is shown before the sender confirms.4

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

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, Remitly or a bank wire.42

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

Keep reading

Platforms

Stripe for Indian service exporters: how it works, costs and limits

How Stripe India works for exporters of services: invite-only access, who can sign up, card fees, INR payouts, payment advice for FIRC, purpose codes and limits.

Platforms

Remitly for Indian service exporters: how it works, costs and limits

Can Indian freelancers get paid through Remitly? What its personal and US business terms allow, how money reaches India, fees, FIRA and the 2026 EDF rules.

Compare

What Are the Best Stripe Alternatives for Indian Exporters and Freelancers in 2026?

Stripe alternatives for Indian freelancers and agencies, ordered by estimated cost: INR received on $2,000 to $10,000, fees, FX markup, FIRA and RBI status.

Compare

What Are the Best Remitly Alternatives for Indian Exporters and Freelancers in 2026?

Remitly alternatives for Indian freelancers and agencies, ordered by estimated cost: INR received on $2,000 to $10,000, fees, FX markup, FIRA and RBI status.