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Wise vs Tazapay (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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15 min read

Short answer

Neither Wise nor 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: Wise is best for bank transfers to local account details, and Tazapay is best for companies taking card or local payment methods.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.
Wise is best forWiseBank transfers to local account details.1
Tazapay is best forTazapayCompanies taking card or local payment methods.23

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 Wise and Tazapay compare at a glance?

Wise and Tazapay 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.14567

WiseTazapay
Best forBank transfers to local account details1Companies taking card or local payment methods23
FeesWise's India help article says it charges an equivalent of 2 USD in the received currency for the transfer to the INR bank account that issues the e-FIRC. Wise's India receive pricing page describes a free eFIRC for every transfer. The general Wise Business fee table on Wise's India site lists 6.11 USD per USD wire or Swift payment, 2.16 GBP per GBP Swift payment and 2.39 EUR per EUR Swift payment, with domestic (non-Swift, non-wire) payments free; Wise's India-specific receive pages do not repeat these Swift fees. 18% GST applies to Wise fees.145Alternative 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.67
FX markupMid-market exchange rate plus a conversion fee that Wise says depends on the currency. No percentage is published for conversion to INR; the amount is shown in Wise's calculator.48Not 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.
SettlementWise says the INR payment reaches the Indian bank account within 1 to 2 days and that more than 50% of transfers settle within 2 hours of pay-in. The client's payment takes 0 to 3 working days to reach Wise by local methods and 2 to 6 working days by SWIFT.1Weekly 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.910
FIRAAn e-FIRC for each transfer, emailed to the registered address within 3 working days and downloadable from the transfer page. The help article links it to the 2 USD equivalent fee; the pricing page calls it free.14Tazapay 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.67111213
Currencies24 currencies: local account details in 11 currencies and international account details in 13 more, from 140+ countries, according to Wise.1Tazapay 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.1415
KYC: who can sign upWise Business only: sole traders or freelancers (personal PAN and an INR bank account in their own name), sole proprietorships, private limited companies, LLPs and general partnerships. Other business types are not currently onboarded. Wise personal accounts in India cannot receive money.1617Incorporated 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.23
RBI PA-CB statusRBI's list of authorised payment aggregators dated 16 October 2026 includes Wise Payments India Private Limited as a Payment Aggregator, Cross Border, facilitating inward transactions (PA-CB-I), authorised on 12 March 2026. Wise's India receiving pages do not name the Wise entity that handles inward payments.181Tazapay'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.19202
SupportNot published on the India receiving pages checked.Tazapay lists 24/7 support via email, Slack, WhatsApp and Telegram, and a dedicated account manager. India-specific support channels are not published.6
LimitsMinimum 5 USD or equivalent and maximum 2.5 million INR (₹25 lakh) or equivalent per transaction; payments outside these limits are returned to the sender. RBI caps each PA-CB inward or outward transaction at ₹25 lakh.121No 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.2223
How clients payThe client pays to the business's Wise account details from their own bank (local transfer, wire or SWIFT) or from a Wise account.18Cards 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).61424
Card paymentsNot available for India-based businesses: Wise lists card acceptance only for Wise Business accounts in the EEA, UK, Australia, Hong Kong, New Zealand, Singapore, Canada and the US.25Yes. 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.67

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

The INR you receive with Wise and Tazapay 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, Wise.

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 Wise and who is it for?

Wise is a money transfer company whose Wise Business account gives Indian businesses and freelancers account details in other currencies, converts what they receive to INR and sends it to their Indian bank account.18

  • Regulated by: RBI's list of authorised payment aggregators dated 16 October 2026 includes Wise Payments India Private Limited as a Payment Aggregator, Cross Border, facilitating inward transactions (PA-CB-I), authorised on 12 March 2026. Wise's India receiving pages do not name the Wise entity that handles inward payments.181
  • Used by: Wise Business only: sole traders or freelancers (personal PAN and an INR bank account in their own name), sole proprietorships, private limited companies, LLPs and general partnerships. Other business types are not currently onboarded. Wise personal accounts in India cannot receive money.1617
  • Best for: Bank transfers to local account details.1

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.1926

  • 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.19202
  • 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.23
  • Best for: Companies taking card or local payment methods.23

How do Wise and Tazapay fees and FX markup compare?

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

What does Wise charge?

Transaction typeFeeFX markupGST on feesBest for
Local (domestic, non-Swift, non-wire) transfer to Wise local account detailsUSD 2415Not published18%Clients paying by local bank transfer
Wire or Swift payment to Wise account detailsUSD 2 + plus a fixed fee by currency415Not published18%Clients paying by international wire

What does Tazapay charge?

Transaction typeFeeFX markupGST on feesBest for
Local bank transfer or Swift into a Global Collection AccountNot published7456Not publishedNot statedClients paying by local bank transfer
Global card payments (non-high-risk industries)3.8% + USD 0.5745Not publishedNot statedClients paying by card
Alternative (local) payment methods through checkout or payment links (non-high-risk industries)0.8 to 2.5%745Not publishedNot statedClients paying through a payment link

How do Wise and Tazapay compare on settlement speed?

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

PlatformSettlement timePayout to IndiaBest for
WiseWise says the INR payment reaches the Indian bank account within 1 to 2 days and that more than 50% of transfers settle within 2 hours of pay-in. The client's payment takes 0 to 3 working days to reach Wise by local methods and 2 to 6 working days by SWIFT.1Automatic: Wise converts each payment to INR and sends it to the verified Indian bank account given during verification. Indian users cannot hold the foreign currency, and the account details cannot be used to send money. No separate withdrawal fee is published beyond the e-FIRC transfer fee.1Bank transfers to local account details1
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.910Settlement 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.761014Companies taking card or local payment methods23

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

Wise and Tazapay 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.46

PlatformFIRARBI PA-CB statusBest for
WiseAn e-FIRC for each transfer, emailed to the registered address within 3 working days and downloadable from the transfer page. The help article links it to the 2 USD equivalent fee; the pricing page calls it free.14RBI's list of authorised payment aggregators dated 16 October 2026 includes Wise Payments India Private Limited as a Payment Aggregator, Cross Border, facilitating inward transactions (PA-CB-I), authorised on 12 March 2026. Wise's India receiving pages do not name the Wise entity that handles inward payments.181Bank transfers to local account details1
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.67111213Tazapay'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.19202Companies taking card or local payment methods23

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

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

PlatformCurrenciesHow clients payCard paymentsBest for
Wise24 currencies: local account details in 11 currencies and international account details in 13 more, from 140+ countries, according to Wise.1The client pays to the business's Wise account details from their own bank (local transfer, wire or SWIFT) or from a Wise account.18Not available for India-based businesses: Wise lists card acceptance only for Wise Business accounts in the EEA, UK, Australia, Hong Kong, New Zealand, Singapore, Canada and the US.25Bank transfers to local account details1
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.1415Cards 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).61424Yes. 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.67Companies taking card or local payment methods23

What are the strengths and limitations of Wise and Tazapay?

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

What are the strengths and limitations of Wise?

Strengths:

  • Your clients are willing to pay by bank transfer to local account details in USD, GBP, EUR or another supported currency.1
  • You want an e-FIRC issued for each payment received.1
  • You are a freelancer without a registered business, since Wise Business accepts sole traders verified with a personal PAN.16
  • Individual payments are between 5 USD and ₹25 lakh equivalent.1

Limitations:

  • Indian businesses cannot accept card payments through Wise.25
  • Money cannot be held in foreign currency; every receipt is converted to INR.1
  • No conversion fee percentage is published for INR, so the cost of a receipt can only be seen in Wise's calculator.4
  • Single payments above ₹25 lakh equivalent are returned to the sender.1
  • Wise's own pages differ on whether the e-FIRC is free or covered by a 2 USD equivalent fee.14
  • Business types other than sole traders, sole proprietorships, private limited companies, LLPs and general partnerships are not currently onboarded.16

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.23
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.6
  • 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.146

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.2019
  • Individual freelancers cannot sign up; the account holder must be an incorporated corporation.2
  • Fees for receiving into Global Collection Accounts and the FX margin are not published.645
  • A FIRC for India costs USD 4 and is requested from partner banks rather than issued automatically.613
  • Settlements are weekly by default unless a custom cycle is agreed.9
  • Tazapay's pricing page and help centre publish different settlement and payout fee figures.67

Should you choose Wise or Tazapay?

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

Choose Wise if:

  • Your clients are willing to pay by bank transfer to local account details in USD, GBP, EUR or another supported currency.1
  • You want an e-FIRC issued for each payment received.1
  • You are a freelancer without a registered business, since Wise Business accepts sole traders verified with a personal PAN.16
  • Individual payments are between 5 USD and ₹25 lakh equivalent.1

Choose Tazapay if:

  • Your business is an incorporated Indian company that can provide the KYB documents Tazapay lists for India.23
  • Your clients want to pay by card or a local payment method in their own country through a checkout or payment link.6
  • 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.146

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.48456

Which other platforms should you consider besides Wise and Tazapay?

Other platforms to consider besides Wise and Tazapay are the ones with the lowest estimated cost on a USD 5,000 receipt, listed in that order.2728293031323435373840424344

PlatformBest forEstimated cost on USD 5,000FIRAReview
SkydoLocal bank transfers from major markets260.68%272829303132Skydo says it issues a free FIRA on every payment received, and that its FIRA and FIRC are accepted for GST filing and by banks.3133Skydo review
Karbon BusinessUS bank transfers and marketplace payouts341.00 to 1.18%3435Karbon says it provides a FIRA for every transaction, issued by its licensed banking partner, which it does not name. Cost not published.34Karbon Business review
RazorpayLocal transfers from the US, UK and eurozone361.00 to 1.18%3738Razorpay 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.363938Razorpay review
WinvestaLocal transfers with a published per-payment fee40411.24%40424344Free 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.4342Winvesta 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]Wise Help Centre, Receiving payments for Indian businesses (checked 2026-10-28)
  2. [2]Tazapay, General Account Holder Terms and Conditions, last updated 15 September 2026 (checked 2026-10-28)
  3. [3]Tazapay Knowledge Base, Are there country differences for the documents needed for KYB? (checked 2026-10-28)
  4. [4]Wise India, Fees for getting paid (Wise Business receive pricing) (checked 2026-10-28)
  5. [5]Wise India site, Wise Business pricing, fees at a glance (checked 2026-10-28)
  6. [6]Tazapay, Pricing (checked 2026-10-28)
  7. [7]Tazapay Knowledge Base, What is the fee for Tazapay's service? (checked 2026-10-28)
  8. [8]Wise India, Receive international payments (checked 2026-10-28)
  9. [9]Tazapay Knowledge Base, When will I receive my settlement from Tazapay? (checked 2026-10-28)
  10. [10]Tazapay Knowledge Base, What are the settlement options when receiving my payment? (checked 2026-10-28)
  11. [11]Tazapay Knowledge Base, Who issues the FIRA/FIRC? (checked 2026-10-28)
  12. [12]Tazapay Knowledge Base, How do I get an FIRA, and how long does it take? (checked 2026-10-28)
  13. [13]Tazapay Developer Docs, FIRC (Foreign Inward Remittance Certificate) local guide (checked 2026-10-28)
  14. [14]Tazapay, Global Business Account (multi-currency global accounts) (checked 2026-10-28)
  15. [15]Tazapay Knowledge Base, What currencies does Tazapay support for invoicing, collection, and settlements/payouts? (checked 2026-10-28)
  16. [16]Wise Help Centre, How to verify your Indian business to receive payments (checked 2026-10-28)
  17. [17]Wise India, Receive pricing (personal accounts) (checked 2026-10-28)
  18. [18]RBI: Certificates of Authorisation issued under the Payment and Settlement Systems Act, 2007, Payment Aggregators list dated 16 October 2026 (checked 2026-10-28)
  19. [19]Tazapay, Licences, Registrations and Disclosures (checked 2026-10-28)
  20. [20]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)
  21. [21]RBI: Master Direction on Regulation of Payment Aggregators, 15 September 2025, paragraph 11(d)
  22. [22]Tazapay Knowledge Base, Is there a daily transaction limit with Tazapay? (checked 2026-10-28)
  23. [23]Tazapay Knowledge Base, Is there a per transaction maximum limit with Tazapay? (checked 2026-10-28)
  24. [24]Tazapay Knowledge Base, How do funds reach my collection account? (checked 2026-10-28)
  25. [25]Wise Help Centre, Getting paid to your Wise Business by card, Apple Pay or Google Pay (checked 2026-10-28)
  26. [26]Skydo FAQs, What countries can I get paid locally through Skydo? (checked 2026-10-28)
  27. [27]Skydo FAQ, How much does Skydo charge? (checked 2026-10-28)
  28. [28]Skydo, Home page (checked 2026-10-28)
  29. [29]Skydo FAQ, Who will bear the SWIFT charges? (checked 2026-10-28)
  30. [30]Skydo FAQ, Limitations and restrictions on receiving your foreign remittance via Skydo (checked 2026-10-28)
  31. [31]Skydo, Receive international payments in India as a freelancer (checked 2026-10-28)
  32. [32]Skydo, Terms of use (checked 2026-10-28)
  33. [33]Skydo FAQs, What is accepted for GST filings and banks between FIRA and FIRC? (checked 2026-10-28)
  34. [34]Karbon Business, Karbon for Freelancers (checked 2026-10-28)
  35. [35]Karbon, PayPal alternative (checked 2026-10-28)
  36. [36]Razorpay Docs, International Bank Transfer (MoneySaver Export Account) (checked 2026-10-28)
  37. [37]Razorpay, MoneySaver Export Account (international bank transfers) (checked 2026-10-28)
  38. [38]Razorpay, Pricing (checked 2026-10-28)
  39. [39]Razorpay Docs, FIRS Automated Process (checked 2026-10-28)
  40. [40]Winvesta FAQs, What are the charges for the global collections account? (checked 2026-10-28)
  41. [41]Winvesta FAQs, What currencies are available with local accounts? (checked 2026-10-28)
  42. [42]Winvesta, Multi-currency account (checked 2026-10-28)
  43. [43]Winvesta FAQ, When will I receive my e-FIRA certificate? (checked 2026-10-28)
  44. [44]Winvesta FAQ, Can I get priority processing for my withdrawal? (checked 2026-10-28)
  45. [45]Tazapay Knowledge Base, What FX rate is charged? (checked 2026-10-28)
  46. [46]DGFT: eBRC services (self-generation of e-BRC from bank inward remittance data)
  47. [47]GST Portal user guide: Furnishing of Letter of Undertaking (FORM GST RFD-11)

Frequently asked questions

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

There is no cost verdict for a USD 5,000 bank transfer: neither publishes full pricing for this case.48456 The answer can change with the currency, payment method and invoice size, so check your own numbers in the platform cost comparison.

Do Wise and Tazapay give a FIRA to Indian exporters?+

Wise: An e-FIRC for each transfer, emailed to the registered address within 3 working days and downloadable from the transfer page. The help article links it to the 2 USD equivalent fee; the pricing page calls it free.14 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.67111213

Can individual freelancers use Wise and Tazapay?+

Wise: Wise Business only: sole traders or freelancers (personal PAN and an INR bank account in their own name), sole proprietorships, private limited companies, LLPs and general partnerships. Other business types are not currently onboarded. Wise personal accounts in India cannot receive money.1617 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.23

Are Wise and Tazapay authorised by the RBI?+

Wise: RBI's list of authorised payment aggregators dated 16 October 2026 includes Wise Payments India Private Limited as a Payment Aggregator, Cross Border, facilitating inward transactions (PA-CB-I), authorised on 12 March 2026. Wise's India receiving pages do not name the Wise entity that handles inward payments.181 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.19202

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

Wise: Wise says the INR payment reaches the Indian bank account within 1 to 2 days and that more than 50% of transfers settle within 2 hours of pay-in. The client's payment takes 0 to 3 working days to reach Wise by local methods and 2 to 6 working days by SWIFT.1 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.910

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

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 Wise, Tazapay or a bank wire.47

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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