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

Author:
Editorial team, serviceexportguide.com
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Editorial team
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14 min read

Short answer

Neither Tazapay nor PayU 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 PayU is best for card or PayPal checkout with INR settlement.123

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.
Tazapay is best forTazapayCompanies taking card or local payment methods.12
PayU is best forPayUCard or PayPal checkout with INR settlement.3

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 Tazapay and PayU compare at a glance?

Tazapay and PayU 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.456

TazapayPayU
Best forCompanies taking card or local payment methods12Card or PayPal checkout with INR settlement3
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.453% for international transactions under the Standard Plan, GST extra. No separate bank transfer receiving fee is published because PayU does not publish a bank transfer collection route.6
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.Converted to INR at the rate on the transaction date; PayU says it applies exchange rate or margins on the card issuing currency for dynamic currency conversion. The margin is not published.37
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.89Typically T+2 business days for international payments.37
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.45101112PayU says it provides a FIRC on request through the merchant's Key Account Manager. The cost is not published.7
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.1314PayU says it accepts payments in 135+ currencies and can show local prices in 27 currencies.37
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.12PayU's account activation checklist covers individuals, sole proprietorships, partnerships, LLPs, private and public limited companies and other entity types. International payments must be enabled separately through a PayU Key Account Manager; PayU does not publish which entity types are eligible for them.1516
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.17181The RBI lists PayU Payments Private Limited as a Payment Aggregator (online and physical) and as PA-CB I & O, a cross-border payment aggregator facilitating inward and outward transactions, in its list dated 16 October 2026.18
SupportTazapay lists 24/7 support via email, Slack, WhatsApp and Telegram, and a dedicated account manager. India-specific support channels are not published.4Existing merchants raise a ticket at help.payu.in or email care@payu.in; new merchants are directed to their account manager or care@payu.in for international rates.3
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.1920PayU does not publish a limit for export receipts. RBI rules set a limit of ₹25 lakh per export transaction for PA-CBs.321
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).41322International credit and debit cards (Visa, Mastercard, American Express) and PayPal at a PayU checkout. PayU does not publish local bank account details or virtual accounts for foreign clients to pay by bank transfer.316
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.45Yes. International card transactions fall under PayU's 3% Standard Plan slab, GST extra.6

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

The INR you receive with Tazapay and PayU 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: 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.1714

  • 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.17181
  • 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.12
  • Best for: Companies taking card or local payment methods.12

What is PayU and who is it for?

PayU is an Indian payment gateway that the RBI lists as a cross-border payment aggregator for inward and outward transactions; its international payments product lets Indian merchants accept foreign cards and PayPal and settles in INR.183

  • Regulated by: The RBI lists PayU Payments Private Limited as a Payment Aggregator (online and physical) and as PA-CB I & O, a cross-border payment aggregator facilitating inward and outward transactions, in its list dated 16 October 2026.18
  • Used by: PayU's account activation checklist covers individuals, sole proprietorships, partnerships, LLPs, private and public limited companies and other entity types. International payments must be enabled separately through a PayU Key Account Manager; PayU does not publish which entity types are eligible for them.1516
  • Best for: Card or PayPal checkout with INR settlement.3

How do Tazapay and PayU fees and FX markup compare?

Tazapay and PayU 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 published5424Not publishedNot statedClients paying by local bank transfer
Global card payments (non-high-risk industries)3.8% + USD 0.5542Not publishedNot statedClients paying by card
Alternative (local) payment methods through checkout or payment links (non-high-risk industries)0.8 to 2.5%542Not publishedNot statedClients paying through a payment link

What does PayU charge?

Transaction typeFeeFX markupGST on feesBest for
International card or PayPal transaction at PayU checkout (Standard plan)3%67Not publishedNot statedClients paying by card

How do Tazapay and PayU compare on settlement speed?

Tazapay and PayU 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.54913Companies taking card or local payment methods12
PayUTypically T+2 business days for international payments.37Settled automatically to the merchant's bank account in INR; PayU's documentation also mentions non-INR settlement. No separate payout fee is published for standard settlement; priority or same-day settlement may carry a nominal fee that is not published.3166Card or PayPal checkout with INR settlement3

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

Tazapay and PayU 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.43

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.45101112Tazapay'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.17181Companies taking card or local payment methods12
PayUPayU says it provides a FIRC on request through the merchant's Key Account Manager. The cost is not published.7The RBI lists PayU Payments Private Limited as a Payment Aggregator (online and physical) and as PA-CB I & O, a cross-border payment aggregator facilitating inward and outward transactions, in its list dated 16 October 2026.18Card or PayPal checkout with INR settlement3

Which currencies, countries and payment methods do Tazapay and PayU support?

Tazapay and PayU 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).41322Yes. 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.45Companies taking card or local payment methods12
PayUPayU says it accepts payments in 135+ currencies and can show local prices in 27 currencies.37International credit and debit cards (Visa, Mastercard, American Express) and PayPal at a PayU checkout. PayU does not publish local bank account details or virtual accounts for foreign clients to pay by bank transfer.316Yes. International card transactions fall under PayU's 3% Standard Plan slab, GST extra.6Card or PayPal checkout with INR settlement3

What are the strengths and limitations of Tazapay and PayU?

Tazapay and PayU 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.12
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.4
  • 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.134

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.1817
  • Individual freelancers cannot sign up; the account holder must be an incorporated corporation.1
  • Fees for receiving into Global Collection Accounts and the FX margin are not published.442
  • A FIRC for India costs USD 4 and is requested from partner banks rather than issued automatically.412
  • 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.45

What are the strengths and limitations of PayU?

Strengths:

  • Your foreign clients prefer to pay by international card or PayPal on a checkout page and you want INR settlement.3
  • You want a provider listed by the RBI as a cross-border payment aggregator for inward transactions.18
  • You already use PayU for domestic payments and want international payments enabled on the same integration.16

Limitations:

  • No bank transfer collection route (local account details for foreign clients) is published; the international product is card and wallet based.316
  • The exchange margin on conversion to INR is not published.7
  • International payments must be enabled through a Key Account Manager, and the FIRC is also requested through the account manager.167
  • PA-CB export transactions are limited to ₹25 lakh each under RBI rules.21
  • Priority settlement fees and the conditions behind the Standard Plan's terms and conditions note are not published.6

Should you choose Tazapay or PayU?

Choose between Tazapay and PayU 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.12
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.4
  • 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.134

Choose PayU if:

  • Your foreign clients prefer to pay by international card or PayPal on a checkout page and you want INR settlement.3
  • You want a provider listed by the RBI as a cross-border payment aggregator for inward transactions.18
  • You already use PayU for domestic payments and want international payments enabled on the same integration.16

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.42437

Which other platforms should you consider besides Tazapay and PayU?

Other platforms to consider besides Tazapay and PayU are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.2425262728293132343537394041

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets230.68%242526272829Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.2830Skydo review
Karbon BusinessUS bank transfers and marketplace payouts311.00 to 1.18%3132Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.31Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone331.00 to 1.18%3435Razorpay 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.333635Razorpay review
WinvestaLocal transfers with a published per-payment fee37381.24%37394041Free 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.4039Winvesta 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]Tazapay, General Account Holder Terms and Conditions, last updated 15 September 2026 (checked 2026-10-28)
  2. [2]Tazapay Knowledge Base, Are there country differences for the documents needed for KYB? (checked 2026-10-28)
  3. [3]PayU India, International Payment Gateway (checked 2026-10-28)
  4. [4]Tazapay, Pricing (checked 2026-10-28)
  5. [5]Tazapay Knowledge Base, What is the fee for Tazapay's service? (checked 2026-10-28)
  6. [6]PayU India, Pricing (checked 2026-10-28)
  7. [7]PayU Docs, FAQs: International Payments and Dynamic Currency Conversion (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]PayU Docs, Documents Checklist for Account Activation (checked 2026-10-28)
  16. [16]PayU Docs, PayU India International Payments (checked 2026-10-28)
  17. [17]Tazapay, Licences, Registrations and Disclosures (checked 2026-10-28)
  18. [18]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)
  19. [19]Tazapay Knowledge Base, Is there a daily transaction limit with Tazapay? (checked 2026-10-28)
  20. [20]Tazapay Knowledge Base, Is there a per transaction maximum limit with Tazapay? (checked 2026-10-28)
  21. [21]RBI: Master Direction on Regulation of Payment Aggregators, 15 September 2025
  22. [22]Tazapay Knowledge Base, How do funds reach my collection account? (checked 2026-10-28)
  23. [23]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  24. [24]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  25. [25]Skydo, Home page (checked 2026-10-28)
  26. [26]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  27. [27]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  28. [28]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  29. [29]Skydo, Terms of use (checked 2026-10-28)
  30. [30]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  31. [31]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  32. [32]Karbon, PayPal alternative (checked 2026-10-28)
  33. [33]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  34. [34]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  35. [35]Razorpay, Pricing (checked 2026-10-28)
  36. [36]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  37. [37]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  38. [38]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  39. [39]Winvesta, Multi-currency account (checked 2026-10-28)
  40. [40]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  41. [41]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  42. [42]Tazapay Knowledge Base, What FX rate is charged? (checked 2026-10-28)
  43. [43]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  44. [44]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

Which is cheaper for Indian exporters, Tazapay or PayU?+

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.42437 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 PayU 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.45101112 PayU: PayU says it provides a FIRC on request through the merchant's Key Account Manager. The cost is not published.7

Can individual freelancers use Tazapay and PayU?+

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.12 PayU: PayU's account activation checklist covers individuals, sole proprietorships, partnerships, LLPs, private and public limited companies and other entity types. International payments must be enabled separately through a PayU Key Account Manager; PayU does not publish which entity types are eligible for them.1516

Are Tazapay and PayU 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.17181 PayU: The RBI lists PayU Payments Private Limited as a Payment Aggregator (online and physical) and as PA-CB I & O, a cross-border payment aggregator facilitating inward and outward transactions, in its list dated 16 October 2026.18

How fast do Tazapay and PayU 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 PayU: Typically T+2 business days for international payments.37

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

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, PayU or a bank wire.44

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

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

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

How PayU's international payments product works for Indian service exporters: RBI PA-CB status, foreign cards and PayPal, 3% fee, INR settlement, FIRC and limits.

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

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

PayU 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.