What are TransFi fees in India for receiving international payments in 2026?
- Verified by:
- Editorial team
- Published
- Last modified
- Fees checked on
- Reading time
- 5 min read
Short answer
TransFi does not publish a fee schedule for receiving payments in India.2 It says fees vary by payment method, origin country and transaction size.2 Fees are shown before you confirm a transaction.12 Its BizPay page says fees start from as low as 0.15%.3 Its USA to India page says pricing is benchmarked to the mid-market rate.4
| Fee type | Amount | When it applies |
|---|---|---|
| Receiving fee, local bank details or SWIFT | Not published2 | Client pays into TransFi account details2 |
| BizPay payment link fee | "Starting from as low as 0.15%", scope not stated3 | Client pays a BizPay link3 |
| FX markup | No figure published; "benchmarked to mid-market FX"4 | Conversion to INR4 |
| Card fee | Not published3 | Client pays by card3 |
| FIRA | Not mentioned on TransFi pages24 | Not applicable24 |
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.
TransFi publishes very few fixed numbers for Indian recipients.2 This page lists what TransFi does publish about the cost of receiving money from a foreign client into India, and marks everything else as not published. For how TransFi works more generally, see the TransFi review.
What are TransFi fees at a glance?
TransFi fees at a glance are not published as a schedule: TransFi says fees vary by payment method, origin country and transaction size and are shown before you confirm.2 Its terms say a fee may be a percentage or a fixed amount and will be displayed before you confirm.1
| Receiving method | Fee TransFi publishes | Best for |
|---|---|---|
| Local bank details in a supported currency | Not published2 | Clients paying by local transfer |
| SWIFT transfer | Not published2 | Clients paying by wire |
| BizPay payment link | "Starting from as low as 0.15%", scope not stated3 | Clients paying from a shared link |
| Wallets and real-time payment systems | Not published2 | Clients using wallets or instant rails |
| Card | Not published3 | Clients paying by card |
Because no input is fully published, this page does not give a worked example in rupees.234
How does TransFi charge Indian users?
TransFi charges Indian users a fee per collection that it shows before you confirm, without publishing the amounts in advance.12
- Transaction fee: Not published; BizPay fees start "from as low as 0.15%", scope not stated.3
- FX markup: No figure published; the USA to India page says pricing is "benchmarked to mid-market FX".4
- Withdrawal fee: No separate INR payout fee published.4
- Fixed fee: Not published; the terms say a fee may be a percentage or a fixed amount.1
Ask TransFi for a written quote on your usual invoice size before you rely on any figure.2
What does TransFi charge by payment method?
TransFi does not publish a fee by payment method; its BizPay page says it supports 250+ payment methods including cards.3
| Payment method | TransFi fee | Best for |
|---|---|---|
| Bank transfer (local or SWIFT) | Not published2 | Clients paying by bank |
| BizPay link | From 0.15%, scope not stated3 | Clients paying from a link |
| Card | Not published3 | Clients paying by card |
The fee for each method appears only in the quote TransFi shows before you confirm.2
What is the TransFi currency conversion fee and FX markup?
TransFi does not publish a currency conversion fee or markup percentage: its USA to India page says pricing is "benchmarked to mid-market FX" with no hidden correspondent banking charges.4
- Rate shown: The exchange rate is shown before you accept the payment.2
- BizPay wording: "No FX charges".3
- Markup figure: Not published, and TransFi does not explain how the 0.15% figure and the FX rate combine.34
For example, to measure the markup on a real receipt, compare the INR credited with the same-day USD to INR rate and express the gap as a percent of the amount.4
What are TransFi withdrawal and settlement fees?
TransFi does not publish a separate fee for paying out INR to an Indian bank account.4
- Payout options: Bank transfer, wallets and instant rails, per the USA to India page.4
- Calculator: Fees are shown as included in the USD amount, without a schedule.4
- FIRA: Not mentioned on TransFi's pages.24
A business that needs a FIRA should ask TransFi in writing what document it issues and at what cost.
Is GST charged on TransFi fees?
TransFi does not say whether GST is charged on its fees: its BizPay page, re-checked on 30 October 2026, does not mention GST or tax on fees.3
- BizPay page: No GST or tax mention.3
- Fee schedule: Not published, so no GST treatment is stated with it.2
Ask TransFi whether its invoices include GST, and check the answer with your chartered accountant.
How much INR do you receive on $2,000, $5,000 and $10,000 with TransFi?
The INR you receive with TransFi on $2,000, $5,000 and $10,000 cannot be estimated from published fees, because TransFi publishes no fee schedule.23 The table below lists TransFi as not estimated for that reason.
None of these providers publishes both a fee and a conversion markup for USD.
Not estimated because pricing for USD is not fully published: TransFi.
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 hidden or one-off charges does TransFi apply?
TransFi publishes one condition on one-off charges: its terms say fees and costs may be deducted when a transaction is cancelled or refunded.1
- Refund: Fees and costs may be deducted on a refund.1
- Cancellation: Fees and costs may be deducted on a cancellation.1
- Account fees: Not published for BizPay or BizPay Pro; BizPay Pro says "Transparent fees" without figures.35
Ask TransFi for any other one-off charges in writing, because its terms leave the amounts to the quote shown before you confirm.1
How can you reduce TransFi fees?
You can reduce TransFi fees mainly by comparing the quote TransFi shows before you confirm with other options, since its fees vary by method, country and size.2
- Compare methods: Fees vary by payment method, so ask for a quote on each one your client can use.2
- Check the rate: Compare the rate shown with the mid-market rate.24
- Avoid cancellations: Fees and costs may be deducted on a cancellation or refund.1
For example, enter the numbers TransFi shows you before confirming into the international payment fee calculator to compare them with other providers.2
How do TransFi fees compare with other platforms?
TransFi fees compare with other platforms as shown below, sorted by estimated cost on a USD 5,000 receipt on published fees, cheapest first; TransFi follows because it publishes no fee schedule.23
| Platform | Estimated cost on USD 5,000 | Best for |
|---|---|---|
| Skydo | 0.68%678 | Local bank transfers from major markets9 |
| Razorpay | 1.00 to 1.18%1011 | Local transfers from the US, UK and eurozone12 |
| Karbon Business | 1.00 to 1.18%1314 | US bank transfers and marketplace payouts13 |
| Winvesta | 1.24%1516 | Local transfers with a published per-payment fee1517 |
| TransFi | Not estimated: no fee schedule published23 | Payment links shared in chat, including stablecoins318 |
| Platform | Best for | INR on USD 2,000 | INR on USD 5,000 | INR on USD 10,000 | Cost on USD 5,000 |
|---|---|---|---|---|---|
| SkydoMost INRTransfer to Skydo local account details or international SWIFT account | Local bank transfers from major markets | ₹1,86,373 | ₹4,67,991 | ₹9,39,206 | 0.68% |
| Karbon BusinessBank transfer to a Karbon virtual USD account | US bank transfers and marketplace payouts | ₹1,86,262 to ₹1,86,601 | ₹4,65,655 to ₹4,66,503 | ₹9,31,311 to ₹9,33,007 | 1.00 to 1.18% |
| RazorpayMoneySaver Export Account: bank transfer to virtual account details (Standard plan) | Local transfers from the US, UK and eurozone | ₹1,86,262 to ₹1,86,601 | ₹4,65,655 to ₹4,66,503 | ₹9,31,311 to ₹9,33,007 | 1.00 to 1.18% |
| WinvestaGlobal Collections Account, standard plan (up to 2,000 a month per currency) | Local transfers with a published per-payment fee | ₹1,85,951 | ₹4,65,377 | ₹9,31,088 | 1.24% |
Not estimated because pricing for USD is not fully published: TransFi.
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.
For more options in the same order, see TransFi alternatives.
How did we verify this?
We checked this page against the sources below on 30 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]TransFi, Terms and Conditions, last updated 28 May 2026, section 6.4 (checked 28 October 2026)
- [2]TransFi, Receive money (checked 28 October 2026)
- [3]TransFi, BizPay product page (checked 28 October 2026; re-checked 2026-10-30 for GST and FIRA mentions)
- [4]TransFi, Receive money in India from USA (checked 28 October 2026)
- [5]TransFi, BizPay Pro product page (checked 28 October 2026)
- [6]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
- [7]Skydo, Home page (checked 2026-10-28)
- [8]Skydo, Terms of use (checked 2026-10-28)
- [9]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
- [10]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
- [11]Razorpay, Pricing (checked 2026-10-28)
- [12]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
- [13]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
- [14]Karbon, PayPal alternative (checked 2026-10-28)
- [15]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
- [16]Winvesta, Multi-currency account (checked 2026-10-28)
- [17]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
- [18]TransFi Help Center, How can I get started? What documents are needed? BizPay (checked 2026-10-28)
Frequently asked questions
What does TransFi's 0.15% figure mean?+
TransFi's BizPay page says fees start from as low as 0.15%. It does not say which payment methods, corridors or amounts that rate applies to, or how it combines with the exchange rate. Treat 0.15% as a starting point only, and compare it with the full quote TransFi shows before you confirm.34
Does TransFi charge for a FIRA?+
TransFi's pages do not mention a FIRA or FIRC, so no FIRA fee is published. A writer, video editor or agency that needs a FIRA for GST refunds should ask TransFi in writing what inward remittance document it issues, and at what cost, before the first payment.234
Does TransFi charge account opening or monthly fees?+
TransFi does not publish account opening or monthly fees for BizPay or BizPay Pro. The BizPay Pro page describes 'Transparent fees' without giving figures, so ask TransFi to confirm in writing whether any account, monthly or minimum fee applies to your business before you sign up.35
How can a client pay through TransFi BizPay?+
TransFi's BizPay page says it supports 250+ payment methods, including cards. TransFi does not publish a fee for each method, and its general receive page says fees vary by payment method, origin country and transaction size, with the fee shown before the transaction is confirmed.23
What happens to TransFi fees if a payment is cancelled or refunded?+
TransFi's terms say fees and costs may be deducted when a transaction is cancelled or refunded. The terms also say a fee may be a percentage or a fixed amount and will be displayed before you confirm. TransFi does not publish the amounts kept on a cancellation or refund.1
Does TransFi publish limits for Indian recipients?+
No. TransFi does not publish per-transaction or monthly limits for Indian recipients on the pages checked. It also does not publish a fee schedule by receiving method or currency, so ask TransFi for both the limits and the fee for your usual invoice size before you share payment details with a client.234
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
How can Indian freelancers and service businesses receive international payments?
Bank wires, RBI-authorised cross-border aggregators, PayPal and card gateways compared for Indian freelancers and agencies: fee types, FIRA and compliance.
RBI and FEMAWhat is the difference between FIRC, FIRA and e-BRC for service exporters?
What FIRC, FIRA and e-BRC are, who issues each, how e-BRC works on the DGFT portal, and which documents Indian service exporters should keep for GST and tax.
RBI and FEMAWhich RBI purpose code should a freelancer or service exporter use?
Which RBI purpose code to use for software, design, video editing, marketing, writing, consulting, tutoring and bookkeeping exports, and how to fix errors.