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

Author:: Editorial team, serviceexportguide.com
Verified by:: Editorial team
Published: 28 October 2026
Last modified: 28 October 2026
Fees checked on: 28 October 2026
Reading time: 13 min read

Short answer

Neither Tazapay nor Revolut 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 Revolut is best for personal spending, not export receipts.¹²³⁴

Use case	Better option	Why
Bank transfer of USD 5,000	Cannot compare	Neither publishes full pricing for this case.
Bank transfer of USD 2,000	Cannot compare	Neither publishes full pricing for this case.
Client paying USD 2,000 by card or link	Cannot compare	Neither publishes full pricing for this case.
Tazapay is best for	Tazapay	Companies taking card or local payment methods.¹²
Revolut is best for	Revolut	Personal spending, not export receipts.³⁴

Invoice amountCurrencyHow the client pays

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 route	Best for	Fee (+GST)	Markup	You receive	Cost
1	Karbon BusinessLowest estimated costBank transfer to a Karbon virtual USD account	US bank transfers and marketplace payouts	₹942plus GST, rate not stated	0%	₹93,131 to ₹93,301	1.00 to 1.18%
2	RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan)	Local transfers from the US, UK and eurozone	₹1,000plus GST, rate not stated	0%	₹93,063 to ₹93,243	1.06 to 1.25%
3	WinvestaGlobal Collections Account, standard plan (up to 2,000 a month per currency)	Local transfers with a published per-payment fee	₹1,435	0%	₹92,809	1.52%
4	SkydoPayment link (InstaLinks) paid by ACH debit	Local bank transfers from major markets	₹1,885plus GST, rate not stated	0%	₹92,019 to ₹92,358	2.00 to 2.36%
5	PayoneerLocal bank transfer to Payoneer receiving account details	Marketplace payouts such as Amazon or Upwork	₹0no GST stated	1 to 4%	₹90,473 to ₹93,301	1.00 to 4.00%
6	PayPalInternational commercial transaction received into a PayPal account (PayPal checkout or invoice)	Clients paying by card or PayPal balance	₹4,175no GST stated	3 to 4%	₹86,465 to ₹87,366	7.30 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 Revolut compare at a glance?

Tazapay and Revolut 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.⁵⁶⁷

	Tazapay	Revolut
Best for	Companies taking card or local payment methods¹²	Personal spending, not export receipts³⁴
Fees	Alternative 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.⁵⁶	Revolut says it does not charge fees for receiving a bank transfer into the INR account by UPI.⁷
FX markup	Not 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.	Not applicable to receiving: the India wallet holds INR only. No inward conversion rate is published.³
Settlement	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	Revolut says UPI transfers to the INR account are usually instant.⁷
FIRA	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	Not published. Revolut's India pages do not mention a FIRA or FIRC.
Currencies	Tazapay 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.¹³¹⁴	INR only for the India wallet. Revolut's India terms say PPIs can only be used for payments in Indian rupees.³⁷
KYC: who can sign up	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	Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.³¹⁵
RBI PA-CB status	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.¹⁶¹⁷¹	Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.¹⁸³
Support	Tazapay lists 24/7 support via email, Slack, WhatsApp and Telegram, and a dedicated account manager. India-specific support channels are not published.⁵	Revolut India publishes 24/7 in-app chat, support-india@revolut.com and a phone number.³
Limits	No 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.¹⁹²⁰	Up to 25 inbound UPI transfers or INR 4,00,000 a day, whichever comes first, and a total INR balance of no more than INR 2,00,000 at any time.⁷
How clients pay	Cards 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).⁵¹³²¹	Revolut India says money can be received into the INR account by UPI only; NEFT, IMPS and RTGS are not supported. No route for a foreign client to pay a Revolut India account from abroad is published.⁷³
Card payments	Yes. 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.⁵⁶	Not available for receiving. Revolut India does not publish a way to accept card payments from clients.³⁷

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

The INR you receive with Tazapay and Revolut 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.¹⁶¹⁵

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.¹⁶¹⁷¹
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 Revolut and who is it for?

Revolut in India is a personal app run by Revolut Payments India Private Limited, an RBI-authorised prepaid payment instrument issuer whose INR wallet cannot be used for business purposes.³¹⁸

Regulated by: Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.¹⁸³
Used by: Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.³¹⁵
Best for: Personal spending, not export receipts.³⁴

How do Tazapay and Revolut fees and FX markup compare?

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

What does Tazapay charge?

Transaction type	Fee	FX markup	GST on fees	Best for
Local bank transfer or Swift into a Global Collection Account	Not published⁶⁴¹⁵	Not published	Not stated	Clients paying by local bank transfer
Global card payments (non-high-risk industries)	3.8% + USD 0.5⁶⁴¹	Not published	Not stated	Clients paying by card
Alternative (local) payment methods through checkout or payment links (non-high-risk industries)	0.8 to 2.5%⁶⁴¹	Not published	Not stated	Clients paying through a payment link

What does Revolut charge?

Fees: Revolut says it does not charge fees for receiving a bank transfer into the INR account by UPI.⁷

How do Tazapay and Revolut compare on settlement speed?

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

Platform	Settlement time	Payout to India	Best for
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	Settlement 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.⁶⁵⁹¹³	Companies taking card or local payment methods¹²
Revolut	Revolut says UPI transfers to the INR account are usually instant.⁷	Revolut says unloading the INR wallet is free on the Standard plan.⁴	Personal spending, not export receipts³⁴

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

Tazapay and Revolut 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.⁴²

Platform	FIRA	RBI PA-CB status	Best for
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	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.¹⁶¹⁷¹	Companies taking card or local payment methods¹²
Revolut	Not published. Revolut's India pages do not mention a FIRA or FIRC.	Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.¹⁸³	Personal spending, not export receipts³⁴

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

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

Platform	Currencies	How clients pay	Card payments	Best for
Tazapay	Tazapay 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.¹³¹⁴	Cards 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).⁵¹³²¹	Yes. 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.⁵⁶	Companies taking card or local payment methods¹²
Revolut	INR only for the India wallet. Revolut's India terms say PPIs can only be used for payments in Indian rupees.³⁷	Revolut India says money can be received into the INR account by UPI only; NEFT, IMPS and RTGS are not supported. No route for a foreign client to pay a Revolut India account from abroad is published.⁷³	Not available for receiving. Revolut India does not publish a way to accept card payments from clients.³⁷	Personal spending, not export receipts³⁴

What are the strengths and limitations of Tazapay and Revolut?

Tazapay and Revolut 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.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.¹
Fees for receiving into Global Collection Accounts and the FX margin are not published.⁵⁴¹
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 Revolut?

Strengths:

You want a personal INR wallet and card for your own spending, separate from how you get paid for exports.³⁴

Limitations:

Revolut's India terms prohibit using a Revolut Account for business purposes.³
The India wallet holds INR only and receives money by UPI only, so a foreign client cannot pay into it from abroad by any published route.³⁷
Revolut Business is not available to companies registered in India.¹⁵
Revolut India is not an RBI-authorised PA-CB and its pages do not mention a FIRA, FIRC or purpose code.¹⁸³

Should you choose Tazapay or Revolut?

Choose between Tazapay and Revolut 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.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 Revolut if:

You want a personal INR wallet and card for your own spending, separate from how you get paid for exports.³⁴

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.⁴¹⁵³

Which other platforms should you consider besides Tazapay and Revolut?

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

Platform	Best for	Estimated cost on USD 5,000	FIRA	Review
Skydo	Local bank transfers from major markets²²	0.68%²³²⁴²⁵²⁶²⁷²⁸	Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.²⁷²⁹	Skydo review
Karbon Business	US bank transfers and marketplace payouts³⁰	1.00 to 1.18%³⁰³¹	Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.³⁰	Karbon Business review
Razorpay	Local transfers from the US, UK and eurozone³²	1.00 to 1.18%³³³⁴	Razorpay 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.³²³⁵³⁴	Razorpay review
Winvesta	Local transfers with a published per-payment fee³⁶³⁷	1.24%³⁶³⁸³⁹⁴⁰	Free 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.³⁹³⁸	Winvesta 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.

Frequently asked questions

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

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.⁴¹⁵³ 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 Revolut 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 Revolut: Not published. Revolut's India pages do not mention a FIRA or FIRC.

Can individual freelancers use Tazapay and Revolut?+

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 Revolut: Individuals, for personal use. Revolut's India terms say you cannot use a Revolut Account for business purposes. Revolut Business requires a company registered in the UK, the EEA or the US; India is listed only as a country where an applicant for such a company may reside.³¹⁵

Are Tazapay and Revolut 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.¹⁶¹⁷¹ Revolut: Revolut Payments India Private Limited is listed by the RBI as a prepaid payment instrument (PPI) issuer, authorised on 4 April 2025. It does not appear on the RBI list of authorised PA-CB entities as on 16 October 2026.¹⁸³

How fast do Tazapay and Revolut 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 Revolut: Revolut says UPI transfers to the INR account are usually instant.⁷

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

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, Revolut or a bank wire.⁴³

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

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