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

Author:
Editorial team, serviceexportguide.com
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14 min read

Short answer

Tazapay publishes enough pricing to estimate the cost of a USD 5,000 receipt, so there is no cost verdict. The better choice depends on how your client pays: Tazapay is best for companies taking card or local payment methods, and Karbon Business is best for uS bank transfers and marketplace payouts.341

Use caseBetter optionWhy
Bank transfer of USD 5,000Cannot compareKarbon Business costs about 1.00 to 1.18%; Tazapay does not publish full pricing.12
Bank transfer of USD 2,000Cannot compareKarbon Business costs about 1.00 to 1.18%; Tazapay does not publish full pricing.12
Client paying USD 2,000 by card or linkCannot compareNeither publishes full pricing for this case.
Tazapay is best forTazapayCompanies taking card or local payment methods.34
Karbon Business is best forKarbon BusinessUS bank transfers and marketplace payouts.1

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 costThis pageBank 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 Tazapay and Karbon Business compare at a glance?

Tazapay and Karbon Business 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.5621

TazapayKarbon Business
Best forCompanies taking card or local payment methods34US bank transfers and marketplace payouts1
FeesAlternative payment methods: 0.8% to 2.5%. Global cards: 3.8% + USD 0.5 (non-high-risk industries). Global Collection Accounts (bank transfer receipts): not published, contact sales. No account opening fee.56Karbon's PayPal alternative page lists a 1% transaction fee in its feature list; its freelancer page gives no fee amount.21
FX markupNot published as a percentage. Tazapay says it sources rates from multiple partners and shows the exact rate before you confirm a collection or payout. Custom FX is offered on custom plans.Karbon's freelancer page says 0% markup on inward remittance; its PayPal comparison page gives a forex markup of 0.5% to 1.0%. The home page says displayed amounts are indicative and depend on the rate booking date.127
SettlementWeekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.89Karbon says international payments reach India within 24 to 48 hours.1
FIRATazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.56101112Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.1
CurrenciesTazapay says it supports collection in 35+ currencies through Global Collection Accounts, including USD, EUR, GBP, SGD, AUD and HKD. Its currency list marks INR as supported for invoicing, collection and settlement.1314Karbon names USD, EUR and GBP; the virtual account it describes is in USD.1
KYC: who can sign upIncorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.34Karbon markets the service to freelancers, exporters and small businesses. Its forex terms require the user to be duly incorporated under the laws of India. Karbon does not publish whether an unregistered individual can sign up.115
RBI PA-CB statusTazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.16173Karbon does not appear in the RBI's list of authorised payment aggregators. Its forex terms, issued by Interropac Private Limited, say export receipts are processed subject to the connected user terms of a payment partner that the RBI lists as PA-CB I & O. Karbon says it works only with PA-CB licensed players and regulated banks.15177
SupportTazapay lists 24/7 support via email, Slack, WhatsApp and Telegram, and a dedicated account manager. India-specific support channels are not published.5WhatsApp +91 74117 02726, sales@karboncard.com, support@karboncard.com and 1-800-309-8470.1
LimitsNo daily transaction limit. Per-transaction limits vary by payment method and country, for example USD 15,000 for cards in many countries and EUR 100,000 for instant bank transfer in several European countries. Limits for Global Collection Account receipts are not published.1819Not published by Karbon. RBI rules set a limit of ₹25 lakh per export transaction for PA-CBs.
How clients payCards and alternative (local) payment methods through Tazapay's checkout, payment links and plugins; and local bank transfer, SWIFT or stablecoin into a Global Collection Account (virtual account details in the business's name).51320Bank transfer to a virtual USD account (US account details in the user's name), payment requests or invoices sent by email or WhatsApp, and as a payout method on Upwork, Fiverr and Toptal.1
Card paymentsYes. Tazapay lists global card payments at 3.8% + USD 0.5 for non-high-risk industries, a USD 0.2 authentication fee (waived for successful transactions on the pricing page), USD 2 per card refund and USD 15 per card dispute.56Not published.

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

The INR you receive with Tazapay and Karbon Business is the invoice at the reference rate, less each provider's fee, conversion markup, GST on fees and FIRA charge. The table works this out from published pricing at today's rate.

PlatformBest forINR on USD 2,000INR on USD 5,000INR on USD 10,000Cost on USD 5,000
Karbon BusinessMost INRBank transfer to a Karbon virtual USD accountUS bank transfers and marketplace payouts₹1,86,262 to ₹1,86,601₹4,65,655 to ₹4,66,503₹9,31,311 to ₹9,33,0071.00 to 1.18%

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

Ranked by INR received on USD 5,000. Reference rate: European Central Bank data for 13 November 2026. Fees, conversion markup, GST on fees and FIRA charges as published by each provider, checked 28 October 2026. Ranges appear where a provider publishes a range or does not state its GST rate. Intermediary bank charges are excluded. See the methodology.

What is Tazapay and who is it for?

Tazapay is a cross-border payments company, with licensed or registered entities in Singapore, Canada, the United States, Australia and Hong Kong, that offers incorporated businesses card and local payment method checkout, multi-currency collection accounts and payouts, and lists India among its jurisdictions through Tazapay Canada Corp. operating under the Rupee Drawing Arrangement.1635

  • Regulated by: Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.16173
  • Used by: Incorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.34
  • Best for: Companies taking card or local payment methods.34

What is Karbon Business and who is it for?

Karbon Business is a Bengaluru fintech that markets a virtual USD account, payment requests and inward remittances in INR to Indian freelancers and exporters; its forex terms say export receipts are processed under a payment partner's connected user terms.115

  • Regulated by: Karbon does not appear in the RBI's list of authorised payment aggregators. Its forex terms, issued by Interropac Private Limited, say export receipts are processed subject to the connected user terms of a payment partner that the RBI lists as PA-CB I & O. Karbon says it works only with PA-CB licensed players and regulated banks.15177
  • Used by: Karbon markets the service to freelancers, exporters and small businesses. Its forex terms require the user to be duly incorporated under the laws of India. Karbon does not publish whether an unregistered individual can sign up.115
  • Best for: US bank transfers and marketplace payouts.1

How do Tazapay and Karbon Business fees and FX markup compare?

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

What does Tazapay charge?

Transaction typeFeeFX markupGST on feesBest for
Local bank transfer or Swift into a Global Collection AccountNot published6435Not publishedNot statedClients paying by local bank transfer
Global card payments (non-high-risk industries)3.8% + USD 0.5643Not publishedNot statedClients paying by card
Alternative (local) payment methods through checkout or payment links (non-high-risk industries)0.8 to 2.5%643Not publishedNot statedClients paying through a payment link

What does Karbon Business charge?

Transaction typeFeeFX markupGST on feesBest for
Bank transfer to a Karbon virtual USD account1%120%Not statedClients paying by local bank transfer

How do Tazapay and Karbon Business compare on settlement speed?

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

PlatformSettlement timePayout to IndiaBest for
TazapayWeekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.89Settlement to the business's bank by local payment method or SWIFT. The help centre lists local currency settlement at USD 5 below USD 1,000 and free above, and wire settlement at USD 35 below USD 10,000 and free above. The pricing page lists settlements as free with a small fee for smaller amounts, local payouts at USD 2 to 5 and SWIFT at USD 5 to USD 35. Funds can also be held in the Tazapay balance.65913Companies taking card or local payment methods34
Karbon BusinessKarbon says international payments reach India within 24 to 48 hours.1Paid in INR to the user's Indian bank account. Payout fee not published.12US bank transfers and marketplace payouts1

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

Tazapay and Karbon Business 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.44

PlatformFIRARBI PA-CB statusBest for
TazapayTazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.56101112Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.16173Companies taking card or local payment methods34
Karbon BusinessKarbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.1Karbon does not appear in the RBI's list of authorised payment aggregators. Its forex terms, issued by Interropac Private Limited, say export receipts are processed subject to the connected user terms of a payment partner that the RBI lists as PA-CB I & O. Karbon says it works only with PA-CB licensed players and regulated banks.15177US bank transfers and marketplace payouts1

Which currencies, countries and payment methods do Tazapay and Karbon Business support?

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

PlatformCurrenciesHow clients payCard paymentsBest for
TazapayTazapay says it supports collection in 35+ currencies through Global Collection Accounts, including USD, EUR, GBP, SGD, AUD and HKD. Its currency list marks INR as supported for invoicing, collection and settlement.1314Cards and alternative (local) payment methods through Tazapay's checkout, payment links and plugins; and local bank transfer, SWIFT or stablecoin into a Global Collection Account (virtual account details in the business's name).51320Yes. Tazapay lists global card payments at 3.8% + USD 0.5 for non-high-risk industries, a USD 0.2 authentication fee (waived for successful transactions on the pricing page), USD 2 per card refund and USD 15 per card dispute.56Companies taking card or local payment methods34
Karbon BusinessKarbon names USD, EUR and GBP; the virtual account it describes is in USD.1Bank transfer to a virtual USD account (US account details in the user's name), payment requests or invoices sent by email or WhatsApp, and as a payout method on Upwork, Fiverr and Toptal.1Not published.US bank transfers and marketplace payouts1

What are the strengths and limitations of Tazapay and Karbon Business?

Tazapay and Karbon Business each suit some exporters better than others. These points come from each provider's own pages.

What are the strengths and limitations of Tazapay?

Strengths:

  • Your business is an incorporated Indian company that can provide the KYB documents Tazapay lists for India.34
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.5
  • You want collection account details in currencies such as USD, EUR, GBP, SGD, AUD or HKD and are willing to get a quote from sales.135

Limitations:

  • Tazapay does not appear in the RBI's list of authorised Payment Aggregators, including the cross-border (PA-CB) category, as checked on 28 October 2026; it describes its India set-up as the Rupee Drawing Arrangement.1716
  • Individual freelancers cannot sign up; the account holder must be an incorporated corporation.3
  • Fees for receiving into Global Collection Accounts and the FX margin are not published.543
  • A FIRC for India costs USD 4 and is requested from partner banks rather than issued automatically.512
  • Settlements are weekly by default unless a custom cycle is agreed.8
  • Tazapay's pricing page and help centre publish different settlement and payout fee figures.56

What are the strengths and limitations of Karbon Business?

Strengths:

  • Your clients can pay by US bank transfer to a USD account, or you are paid out by Upwork, Fiverr or Toptal.1
  • You want INR in your Indian bank and a FIRA for each receipt.1

Limitations:

  • No receiving fee, payout fee or FIRA cost is published.17
  • Karbon itself is not an RBI-authorised payment aggregator; export receipts run through a third party under separate terms.1715
  • The forex terms address incorporated users, while marketing pages address freelancers; eligibility for unregistered individuals is not published.151
  • Purpose code handling and card payment options are not published.1

Should you choose Tazapay or Karbon Business?

Choose between Tazapay and Karbon Business by how your clients pay and your usual invoice size.

Choose Tazapay if:

  • Your business is an incorporated Indian company that can provide the KYB documents Tazapay lists for India.34
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.5
  • You want collection account details in currencies such as USD, EUR, GBP, SGD, AUD or HKD and are willing to get a quote from sales.135

Choose Karbon Business if:

  • Your clients can pay by US bank transfer to a USD account, or you are paid out by Upwork, Fiverr or Toptal.1
  • You want INR in your Indian bank and a FIRA for each receipt.1

For example, say a designer invoices a US client USD 2,000. Because Tazapay does not publish full pricing for that case, ask for a quote in writing and compare it with the FIRA rate after the first payment.435127

Which other platforms should you consider besides Tazapay and Karbon Business?

Other platforms to consider besides Tazapay and Karbon Business are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.222324252627303133353637394041

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets210.68%222324252627Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.2628Skydo review
RazorpayLocal transfers from the US, UK and eurozone291.00 to 1.18%3031Razorpay 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.293231Razorpay review
WinvestaLocal transfers with a published per-payment fee33341.24%33353637Free 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.3635Winvesta review
PayoneerMarketplace payouts such as Amazon or Upwork381.00 to 4.00%394041Free digital FIRA PDF for each transaction, issued by Payoneer's partner AD bank and available in the account under Manage, Reports and statements, within 24 to 72 hours (the same help article also says 1 to 3 business days). The e-FIRA/IRM in EDPMS is issued by the exporter's own bank, which may need the FIRA plus export documents.4142Payoneer 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]Karbon, Karbon for freelancers (checked 2026-10-28)
  2. [2]Karbon, PayPal alternative (checked 2026-10-28)
  3. [3]Tazapay, General Account Holder Terms and Conditions, last updated 15 September 2026 (checked 2026-10-28)
  4. [4]Tazapay Knowledge Base, Are there country differences for the documents needed for KYB? (checked 2026-10-28)
  5. [5]Tazapay, Pricing (checked 2026-10-28)
  6. [6]Tazapay Knowledge Base, What is the fee for Tazapay's service? (checked 2026-10-28)
  7. [7]Karbon, Karbon FX Remittances, home page (checked 2026-10-28)
  8. [8]Tazapay Knowledge Base, When will I receive my settlement from Tazapay? (checked 2026-10-28)
  9. [9]Tazapay Knowledge Base, What are the settlement options when receiving my payment? (checked 2026-10-28)
  10. [10]Tazapay Knowledge Base, Who issues the FIRA/FIRC? (checked 2026-10-28)
  11. [11]Tazapay Knowledge Base, How do I get an FIRA, and how long does it take? (checked 2026-10-28)
  12. [12]Tazapay Developer Docs, FIRC (Foreign Inward Remittance Certificate) local guide (checked 2026-10-28)
  13. [13]Tazapay, Global Business Account (multi-currency global accounts) (checked 2026-10-28)
  14. [14]Tazapay Knowledge Base, What currencies does Tazapay support for invoicing, collection, and settlements/payouts? (checked 2026-10-28)
  15. [15]Karbon Forex Terms and Conditions, Interropac Private Limited (checked 2026-10-28)
  16. [16]Tazapay, Licences, Registrations and Disclosures (checked 2026-10-28)
  17. [17]RBI, Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India, including Payment Aggregators (PA-O, PA-P and PA-CB) (checked 2026-10-28)
  18. [18]Tazapay Knowledge Base, Is there a daily transaction limit with Tazapay? (checked 2026-10-28)
  19. [19]Tazapay Knowledge Base, Is there a per transaction maximum limit with Tazapay? (checked 2026-10-28)
  20. [20]Tazapay Knowledge Base, How do funds reach my collection account? (checked 2026-10-28)
  21. [21]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  22. [22]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  23. [23]Skydo, Home page (checked 2026-10-28)
  24. [24]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  25. [25]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  26. [26]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  27. [27]Skydo, Terms of use (checked 2026-10-28)
  28. [28]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  29. [29]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  30. [30]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  31. [31]Razorpay, Pricing (checked 2026-10-28)
  32. [32]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  33. [33]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  34. [34]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  35. [35]Winvesta, Multi-currency account (checked 2026-10-28)
  36. [36]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  37. [37]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  38. [38]Payoneer, How to use Payoneer in India (last modified 18 September 2026, checked 2026-10-28)
  39. [39]Payoneer India, Payoneer Fees (checked 2026-10-28)
  40. [40]Payoneer India, Multi-currency account page and FAQs (checked 2026-10-28)
  41. [41]Payoneer Help Center, Digital FIRA FAQ (checked 2026-10-28)
  42. [42]Payoneer India, Digital FIRC page (checked 2026-10-28)
  43. [43]Tazapay Knowledge Base, What FX rate is charged? (checked 2026-10-28)
  44. [44]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  45. [45]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

Which is cheaper for Indian exporters, Tazapay or Karbon Business?+

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

Do Tazapay and Karbon Business give a FIRA to Indian exporters?+

Tazapay: Tazapay lists a fixed fee of USD 4 for a Foreign Inward Remittance Certificate (FIRC) in India. Its help centre says AD Category I banks issue FIRAs and FIRCs and that Tazapay can provide an NOC as a supporting document to obtain one. Its developer docs say a FIRA is generated for payouts to India and FIRCs are requested from partner banks, not generated automatically, with timelines that vary by bank.56101112 Karbon Business: Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.1

Can individual freelancers use Tazapay and Karbon Business?+

Tazapay: Incorporated businesses only: Tazapay's terms require the account holder to be a corporation duly incorporated under applicable law. For India, Tazapay lists GST, certificate of incorporation, IEC, Udyam registration, MGT 7 (for private limited companies), MOA and AOA among KYB documents. Individual freelancers are not eligible under the terms.34 Karbon Business: Karbon markets the service to freelancers, exporters and small businesses. Its forex terms require the user to be duly incorporated under the laws of India. Karbon does not publish whether an unregistered individual can sign up.115

Are Tazapay and Karbon Business authorised by the RBI?+

Tazapay: Tazapay's licences page lists India only through Tazapay Canada Corp., which it says operates under the RBI's Rupee Drawing Arrangement (RDA) as an overseas principal, with foreign currency collected abroad and the INR equivalent credited through authorised banking channels. Tazapay does not appear in the RBI's list of authorised payment system operators, including its Payment Aggregator (PA-O, PA-P and PA-CB) section, as checked on 28 October 2026. Tazapay's contracting entity for Indian account holders is Tazapay Canada Corp., Tazapay Pte. Ltd. or Tazapay HK Limited, at Tazapay's discretion.16173 Karbon Business: Karbon does not appear in the RBI's list of authorised payment aggregators. Its forex terms, issued by Interropac Private Limited, say export receipts are processed subject to the connected user terms of a payment partner that the RBI lists as PA-CB I & O. Karbon says it works only with PA-CB licensed players and regulated banks.15177

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

Tazapay: Weekly by default, on the weekday of sign-up; daily or biweekly cycles on request. After release, local settlement typically T+0 to T+1 and SWIFT T+1 to T+5, per Tazapay.89 Karbon Business: Karbon says international payments reach India within 24 to 48 hours.1

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

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 Tazapay, Karbon Business or a bank wire.45

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

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

How Tazapay works for Indian businesses billing clients abroad: who can sign up, its RDA set-up in India, how clients pay, fees, FIRC and the 2026 EDF rules.

Platforms

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

How Karbon Business works for Indian freelancers and exporters receiving foreign payments: virtual USD account, payment partner, FIRA, markup claims, fees and limits.

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Tazapay 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.

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

Karbon Business 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.