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

Tazapay is one of several names Indian agencies and IT companies come across when a foreign client wants to pay by card or local bank transfer. This page sets out what Tazapay publishes about its service, how it is set up in India and what it costs, so that a design studio, marketing agency, consultancy or software company can check it against the same criteria as any other provider.

Everything here comes from Tazapay's own pricing, help-centre and legal pages and from the RBI, checked on 28 October 2026.¹³ Where Tazapay does not publish something, we say so. For your own situation, confirm the regulatory and tax points with your bank and a chartered accountant.

Is Tazapay good for Indian exporters and freelancers?

Tazapay suits incorporated Indian businesses whose overseas clients want to pay by card or a local payment method; it does not accept individual freelancers.¹⁴ Its collection account fee and FX margin are not published, and it does not appear in the RBI's payment aggregator list.¹³¹⁴

The sections below set out what Tazapay publishes on each point.

What is Tazapay and who is Tazapay for?

Tazapay is a cross-border payments company that offers businesses a payment gateway (cards and local payment methods), Global Collection Accounts (virtual account details in several currencies) and payouts.¹⁷

• Regulated by: Tazapay's licences page lists regulated or registered entities in Singapore (a Major Payment Institution licence from the Monetary Authority of Singapore), Canada, the United States, Australia and Hong Kong.² For India, it names one arrangement: Tazapay Canada Corp. operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the rupee equivalent credited to the beneficiary's account through authorised banking channels.² Tazapay describes the RDA as a route for non-resident Indians to remit money to India.²
• Used by: incorporated businesses; Tazapay's terms require every account holder to be "a Corporation duly incorporated" under applicable law.⁴
• Best for: Companies taking card or local payment methods.⁴⁶

For example, an IT services company, a SaaS company or a creative agency whose overseas clients want to pay by card could use Tazapay.¹⁴

How do you open a Tazapay account in India?

You open a Tazapay account as an incorporated Indian company by submitting the India KYB documents Tazapay lists.⁴⁶

1. Confirm you are incorporated: individual freelancers are not eligible.⁴
2. Prepare India KYB documents: see the table below.⁶
3. Get your account approved: an Indian account holder contracts with Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, as Tazapay decides when it approves the account.⁴
4. Choose how clients will pay: cards, local methods or Global Collection Account details.¹⁷

An exporter who wants to know how a particular receipt will be treated should ask Tazapay which entity and bank will credit the rupees.²⁴

What are Tazapay fees and FX markup?

Tazapay publishes its card and local payment method fees but not its fee for receiving bank transfers into a collection account or its FX margin.¹⁵¹⁴

Tazapay's pricing page says "Settlements: Free", with a small fee for smaller amounts; its help centre fee table lists USD 5 for local settlement below USD 1,000 and USD 35 for wire settlement below USD 10,000.¹⁵ The full breakdown is on the Tazapay fees page.

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

The table below shows what Tazapay's published fees allow to be estimated for three invoice sizes at today's exchange rate.¹⁵

Because the collection account fee and FX margin are not published, ask Tazapay for a quote on your own invoice sizes.¹¹⁴

How fast does Tazapay settle payments to India?

Tazapay settles to your bank weekly by default, on the weekday you signed up, with daily or biweekly cycles available on request.⁹

• Default: weekly, on your sign-up weekday.⁹
• On request: daily or biweekly.⁹
• Balance: Tazapay lets you hold collected funds in a multi-currency balance.⁹

Ask for a shorter cycle at sign-up if cash flow matters.

Does Tazapay provide FIRA and e-BRC, and is Tazapay RBI PA-CB authorised?

Tazapay charges a fixed USD 4 for issuing a Foreign Inward Remittance Certificate (FIRC) in India, and it does not appear in the RBI's list of authorised Payment Aggregators, including the cross-border (PA-CB) category, as checked on 28 October 2026.¹³

See how to check whether a payment aggregator is RBI-authorised and FIRC vs FIRA vs e-BRC.

How does Tazapay set the purpose code?

Tazapay's developer documentation says the purpose code chosen when a payout to India is processed decides the FIRC or FIRA and whether the payout succeeds. Tazapay's own codes map to RBI purpose codes, and the documents cannot be edited or reissued later.¹¹ Tazapay does not publish how a merchant chooses the purpose code for its own collections, so ask before your first receipt. See purpose codes for freelancers.

How do the 2026 EDF and realisation rules apply to money received through Tazapay?

From 1 October 2026, the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (the 2026 Regulations) require every exporter of services to give an Export Declaration Form (EDF) to the specified authority, usually the AD bank, within 30 days from the end of the month of invoicing. Exporters of non-software services may instead file it on or before the date payment is received.¹² These duties sit with the exporter, whichever provider collects the money.

The 2026 Regulations, as amended on 22 September 2026, set the realisation period for services at nine months from the invoice date, or twelve months if invoiced or settled in Indian rupees.¹²¹³ Tazapay settles weekly by default and lets businesses hold funds in their Tazapay balance.⁷⁹ Tazapay does not publish how its settlements link to an EDF or to your bank's export records, so confirm with your AD bank how receipts through Tazapay will be matched. See the EDF for service exporters and the export realisation period.

Which currencies, countries and payment methods does Tazapay support?

Foreign clients pay a Tazapay merchant by card, an alternative payment method, or a transfer into a Global Collection Account, which Tazapay says supports 35+ currencies.¹⁷⁸

What are the pros and cons of Tazapay?

Tazapay's strengths are card and local payment methods with published fees and wide collection currencies; its limits are company-only access, unpublished collection and FX costs, and its RBI status.¹³⁴⁷

Pros:

• Payment methods: cards, local methods and collection accounts.¹⁷
• Published card fee: 3.8% plus USD 0.5 in non-high-risk industries.¹⁵
• Currencies: 35+ for Global Collection Accounts.⁷
• Integrations: plugins such as Shopify and WooCommerce.¹⁷
• Balance: funds can be held in a multi-currency balance.⁹

Cons:

• Companies only: individual freelancers, such as a solo designer, tutor or editor, cannot open an account.⁴
• RBI status: not in the RBI's Payment Aggregator list, including PA-CB, as checked on 28 October 2026.³
• Unpublished costs: the fee for receiving into a Global Collection Account and the FX margin are not published.¹¹⁴
• Paid FIRC: USD 4, requested from a partner bank.¹¹¹
• Settlement: weekly by default unless you agree a custom cycle.⁹

Is Tazapay worth it for Indian exporters and freelancers?

Tazapay is worth considering for incorporated Indian businesses whose clients want to pay by card or a local payment method, and that are prepared to get a quote for collection account receipts.¹⁴⁷

• Incorporated companies with card-paying clients: the card fee is published.¹
• Individual freelancers: Tazapay does not accept them.⁴
• Exporters who want an RBI-authorised PA-CB: Tazapay is not on the list.³

For example, a private limited SaaS company with customers paying through a Shopify checkout could use Tazapay's card route, while a solo editor could not open an account.¹⁴

What are the best alternatives to Tazapay?

The alternatives below are listed in the order of estimated cost on published fees that this site uses, cheapest first. The full list is on Tazapay alternatives.

Head-to-head pages: Wise vs Tazapay, PayPal vs Tazapay and Payoneer vs Tazapay.