Choosing between Wise vs PayPal for international payments 2025 can significantly impact your bottom line. As an Indian freelancer or business owner receiving money from abroad, every percentage point in fees matters.&nbsp;

While PayPal and Wise offer reliable ways to get paid, they differ dramatically in their approach to fees, exchange rates, and features.&nbsp;

Let's dive into a practical comparison to help you pick the platform that puts more money in your pocket.

Wise vs PayPal: Understanding the Differences

<a href="https://www.skydo.com/blog/transferwise-india-features-benefits-pros-cons">Wise (formerly TransferWise)</a> is a digital financial platform specializing in international money transfers. Wise stands out for using accurate mid-market exchange rates and transparent fee structures. For Indian businesses and freelancers, Wise Account offers multi-currency accounts that let you receive payments from over 50 countries as if you had a local bank account.

It started as a peer-to-peer remittance service allowing individuals to send and receive money without intermediaries like banks. Later, it grew as a business-to-business money transfer service for organizations to receive and make international business payments.&nbsp;&nbsp;In India, Wise Business lets you receive international payments in multiple currencies, but you can’t use it to send business payments abroad. Also,&nbsp; Wise&nbsp; Debit card is not available to businesses in India.&nbsp;

Moving forward, we'll focus on comparing Wise Business and PayPal for receiving international payments, excluding Wise's peer-to-peer service

🔖<a href="https://www.skydo.com/blog/top_5_wise_alternatives_for_international_payment">Learn about the Wise alternatives</a>

<a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives">PayPal</a> is a payment platform serving over 400 million users worldwide. It functions primarily as an international payment gateway, letting you receive money from clients across 200+ countries. While PayPal offers extensive features globally, its services in India are explicitly focused on cross-border transactions.

🔖<a href="https://www.skydo.com/blog/top-paypal-india-alternatives-for-international-payment">Learn about the PayPal alternatives</a>

Let's examine how Wise vs. PayPal compares when receiving international payments in India. With significant differences in their fee structures and features, choosing between these platforms can directly impact your earnings.&nbsp;

Here's a comprehensive breakdown of PayPal vs Wise to help you make an informed decision:&nbsp;

Skydo: An Affordable Alternative to Wise and PayPal&nbsp;

When comparing Wise vs PayPal, it's worth considering emerging alternatives that offer even better value. Skydo is an India-made solution designed explicitly for receiving international online payments with significantly lower fees than TransferWise and PayPal.

Skydo is a modern payment platform tailored for Indian businesses and freelancers receiving international payments. It provides virtual global bank accounts in 10+ different countries, including the United States, UK, Canada, and Australia. These accounts give you local banking details that clients can use to send payments as domestic transfers - eliminating SWIFT fees and international wire charges that typically cost $20-40 per transaction.

Curious if Skydo is the right fit for your business?<a href="https://www.skydo.com/">&nbsp;Sign up for a free demo&nbsp;</a>to find out.

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When dealing with international clients, you need the right payment partner to ensure timely payment. Skydo and Wise are trustworthy and reputed platforms helping business owners streamline this process. Wise (formerly TransferWise) is known for its global presence and multi-currency accounts while Skydo is popular for its flat fee structure and high-quality support.

But you don't need two platforms; you just need one that fulfils most of the requirements. This blog will help you pick the right one by comparing their pros and cons and fee structures with an example.

Skydo vs Wise: Understanding the Differences

Wise and Skydo enjoy a strong reputation as payment solutions. However, their differences will help you decide which one meets most of your needs

Wise (<a href="https://www.skydo.com/blog/transferwise-india-features-benefits-pros-cons">formerly TransferWis</a>e) was founded in 2011 and soon gained popularity due to its pricing and user-friendly interface. It started as a peer-to-peer remittance service allowing individuals to send and receive money without intermediaries like banks.

Later, it grew as a business-to-business money transfer service for organizations to receive and make international business payments via <a href="https://www.skydo.com/blog/virtual-account-numbers">international virtual accounts</a>. Based, on the location Wise also offers business debit cards to its users.&nbsp;&nbsp;In India, Wise Business lets you receive international payments in multiple currencies, but you can’t use it to send business payments abroad. Also, Wise&nbsp; Debit card is not available to businesses in India.&nbsp;

Moving forward, we'll focus on comparing Wise Business and Skydo for receiving international payments, excluding Wise's peer-to-peer services.&nbsp;&nbsp;

Wise charges a conversion fee in the range of 1.7-1.9% of the transaction amount and it varies depending on the currency.&nbsp; For example, when receiving a payment of USD 1,000, USD 17 will be deducted as Wise fee/conversion fee.&nbsp;

Wise uses mid-market exchange rates to convert payments without levying any markup.&nbsp;

Wise also charges an additional fee for issuing digital FIRA for every transaction. This fee again varies across currency, for USD payments it is USD 2.50 per FIRA

Skydo is an India-based international payment platform offering businesses virtual accounts in key geographies like the US, UK, Europe, Australia and more to receive cross-border payments seamlessly.&nbsp;In addition to facilitating international payments, Skydo offers businesses tools to create professional invoices and monitor payments in real-time, simplifying the process for exporters.

Skydo has a transparent fee structure and converts payments at live forex rates without levying any markup, unlike banks and many other payment platforms.&nbsp; Skydo also offers instant FIRA for every payment you receive automatically at no additional cost.&nbsp;As a homegrown brand, Skydo offers India-based customer support to assist new users throughout the onboarding process and address any queries existing users may have.

Skydo offers a transparent, fee structure for receiving international payments:

Additionally, Skydo converts your funds at live forex rates with no markup, ensuring you receive the most competitive exchange rates.

Receiving USD 10,000 in India with Skydo vs Wise

How much can you expect to receive via Skydo vs Wise if a US-based client transfers USD 10,000? Let's find out:

By choosing Skydo, you can save $165 in fees, resulting in over ₹14,000 more credited to your bank account.

But Skydo offers more than just competitive fees:

Curious if Skydo is the right fit for your business? <a href="https://www.skydo.com/">Sign up for a free demo</a> to find out.

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Since its launch in 2000, PayPal has become a go-to platform for businesses handling international payments. Its strong reputation and global reach make it a popular choice for Indian businesses as well.

If you're exploring <a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives">PayPal for your business </a>and not sure if it’s the right fit for you, then you’ve come to the right place.&nbsp; We have done a quick but detailed analysis of PayPal’s transaction fees and more so you know how much you pay for each transaction. We will also suggest a more cost-effective alternative to PayPal at the end of the blog.

PayPal stands out for its seamless integrations with platforms like Shopify and Magento, along with its robust <a href="https://www.paypal.com/in/webapps/mpp/paypal-buyer-protection?no_follow=true">buyer </a>and <a href="https://www.paypal.com/in/brc/article/what-is-seller-protection#:~:text=Here's%20how%20sellers%20can%20get,delivery%20generally%20within%2010%20days.?no_follow=true">seller protection programs</a>. Buyers are covered if items don’t arrive or match the description, while sellers are protected from unauthorized transactions and lost shipments. Additionally, its built-in invoicing feature and user-friendly interface make it a top choice for both businesses and freelancers

However, it is important to note that a lot of PayPal’s features aren’t available in India. For example, PayPal cannot be used for domestic transactions, and PayPal credit isn’t available to Indian businesses as well. And not to mention, PayPal’s usability comes with a steep price tag, PayPal’s transaction fees, coupled with its currency conversion charges, can make it a rather expensive option for Indian businesses to receive international payments. In the next section, we will break down Paypal’s transaction fees and all other associated charges.&nbsp;

PayPal Transaction Fees India: A Quick Breakdown

There are three categories of fees: transaction fee, fixed fee, and currency conversion fee

Every time you receive a payment in India from an international client, PayPal charges a 4.4% transaction fee. For example, if a US-based client sends $10,000 for your services, PayPal will deduct<a href="https://www.paypal.com/in/webapps/mpp/merchant-fees"> 4.4%</a> of the amount, which is $440 (4.4% X 10,000) as transaction fees. You can decide to pay this transaction fee by yourself, split it with your client, or ask them to bear it on the basis of your relationship with the client.&nbsp;

In addition to the transaction fees, PayPal charges a<a href="https://www.paypal.com/in/webapps/mpp/merchant-fees"> fixed fee</a> based on the currency. Here are a few examples of fixed fees on different currencies:

Click on<a href="https://www.paypal.com/in/business/paypal-business-fees"> this link</a> to view the fixed fee for the entire range of currencies.

PayPal also adds a 4% markup on the prevailing exchange rate while converting foreign currencies to Indian rupees. For example, If the current exchange rate is USD 1= INR 85, then PayPal will levy a 4% markup on this, making the effective exchange rate INR 81.6.

PayPal Transaction Fees from USA to India: How Much Will You Pay?

So far we covered the different fees PayPal applies to international money transfers. But how does all of that translate in a real-life scenario? Here's an example to help you with that.

Imagine you're a business owner receiving a payment of $5,000 from a client in the USA via PayPal. First, PayPal will deduct a transaction fee of 4.4%.

PayPal will also charge a fixed fee of $0.30 based on the above table of fixed fees for different currencies.

So the total fee applied on the amount is $220 + $0.30 = $220.3. We are left with a balance of $4779.7 which will be converted to Indian rupee.

While converting the currency, PayPal will charge 4% markup on the prevailing exchange rate as currency conversion fee. Considering the current rate to be 1 USD to INR 85, the fee is Rs. 3.4 and the effective exchange rate is Rs. 81.6.

In summary, the balance of $4779.7 will be converted to INR at the exchange rate of Rs. 81.6. The amount that can expect to receive is Rs. 390,023.52

So how much did you end up paying in fees?

The actual value of the transaction amount in INR is Rs. 425,000, however, you received Rs. 390,023.52 resulting in a difference of Rs. 34,976.48 (or $411). This difference is the total fee for receiving the payment through PayPal.

Skydo: An Affordable and Seamless PayPal Alternative to Receive International Payments

PayPal has built a solid global reputation as the right payment partner for emerging businesses. Its user-friendly interface, smart features, and integrations are the biggest reasons behind<a href="https://www.statista.com/statistics/218493/paypals-total-active-registered-accounts-from-2010/#:~:text=PayPal%20in%20general,generate%20revenue%20through%20transaction%20fees."> 435 million</a> active PayPal accounts. However, its steep charges can make it unaffordable or expensive for many Indian businesses and individuals. Moreover, PayPal India doesn't offer many services to Indian customers, for example, the wallet feature is not available for Indian users and it also doesn't have an India based support team.&nbsp;

If PayPal fees and limited support are concerning factors, exploring Skydo is worth it. Like PayPal, Skydo simplifies accepting payments from international clients. It offers virtual bank accounts with a unique 18-digit number that accepts payments and credits them to your linked bank account. The process is fast and there are no SWIFT charges like in the case of normal bank transfers.

Skydo charges USD 19 for payments under USD 2000, USD 29 for payments between USD 2001-10,000 and 0.3% for payments above USD 10,000. Skydo also offers live forex rate without any forex markup. Meaning if the live exchange rate is 1USD = 85 INR, Skydo will convert your payment at that rate without taking a cut. 

Here’s a quick comparison of how much will you pay to receive USD 5000 with Skydo vs PayPal:

Skydo trumps PayPal's fees by offering a flat fee structure and live forex rate. As you can see in the above table, there is no fixed fee or markup on the market exchange rate meaning the currency is converted at the current rate. You only have to bear $29 as fees and save Rs. 32,511.48 compared to PayPal’s fee structure. Further Skydo’s India based customer support song with superfast onboarding process makes it a more viable option for businesses to receive international payments. So switch to Skydo today and experience the difference&nbsp;

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Getting paid by international clients can be tricky for Indian businesses. Between high fees, currency conversions, and compliance paperwork, receiving overseas payments often feels more complex than it should be.

Razorpay's international payments solution lets businesses receive money from over 100 countries. The single platform handles currency conversion and provides automated documentation, while clients can pay using their local payment methods and currency and receive funds in INR.

Let's see how Razorpay processes international payments, its key features and pricing, and what you should consider before using it for your cross-border transactions.&nbsp;

Does Razorpay Accept International Payments?&nbsp;

Yes, Razorpay accepts payments from over 100 countries through standard options like credit and debit cards, bank transfers, SWIFT, and PayPal. Additionally, businesses can open <a href="https://www.skydo.com/blog/virtual-account-numbers">virtual accounts</a> in key geographies using Razorpay's MoneySaver Export Account, allowing them to receive international payments from clients via local bank transfers.

Razorpay International Payments: A Quick Rundown&nbsp;

Here's how you can receive money via Razorpay International Payments:

Razorpay lets Indian businesses accept international payments through credit/debit cards, payment pages, and PayPal accounts. This is the most straightforward way to get started, as most clients are already comfortable with these payment modes. This option is best suited for businesses that receive occasional international payments.&nbsp;

However, there's a catch - you won't get automatic <a href="https://www.skydo.com/blog/all-you-need-to-know-about-firc-a-complete-guide">digital FIRA </a>and might face some markup on currency conversion. This means extra paperwork and potentially higher costs when converting to INR.

Razorpay offers a specialized solution called MoneySaver Export Account for businesses that regularly receive international payments. This gives you virtual international bank accounts (and banking partners) to accept direct international bank transfers in over 100 currencies, making it easier for clients to pay you like a local business.&nbsp;

The Export Account addresses the limitations of standard payments by providing automated digital FIRA for every transaction as well as by offering live forex rates while converting payments.&nbsp;

Razorpay International Payments Charges: What You Should Know&nbsp;

When receiving international payments through Razorpay, your costs vary depending on the payment method. Here's a breakdown:

International card payments and transaction charges&nbsp;

Razorpay charges 3% plus an additional forex markup when you receive payouts via international credit or debit cards.

PayPal transactions incur their standard fees: a 4% transaction fee plus a fixed fee based on currency, along with PayPal's usual 4.40% currency conversion fee when converting to INR. Razorpay doesn't add any additional charges to <a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives">PayPal's fees.</a>

MoneySaver export account charges&nbsp;

The export account offers a simpler fee structure - just 1% of the transaction amount and uses live forex rates without markup.

Let's see how this works in real numbers:

Example: Receiving $10,000 from your Amazon global selling

As you can see, using the export account could save you roughly $200 plus any forex markup costs on this transaction.

Razorpay International Payments Review: The Good, Bad and Ugly&nbsp;

From analyzing real user experiences, here's what businesses say about using Razorpay for international payments:

<a href="https://www.g2.com/products/razorpay/reviews/razorpay-review-10381612">Source</a>

<a href="https://www.g2.com/products/razorpay/reviews/razorpay-review-10326183">Source</a>

<a href="https://www.g2.com/products/razorpay/reviews/razorpay-review-9353244">Source</a>

Skydo: An Affordable and Seamless Razorpay Alternative to Receive International Payments

For businesses looking for alternatives to Razorpay's international payment solutions, Skydo offers a different approach with some notable features:

When comparing the costs of receiving a $10,000 international payment through Razorpay and Skydo, notable differences emerge:​

By choosing Skydo, you save $71 in fees for a $10,000 transaction compared to Razorpay.​

<a href="https://www.skydo.com/">Get Started Now</a>&nbsp;

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If you have been exploring platforms to receive payments from international clients in India recently, you might have come across PingPong Payments. It's a global money transfer service company founded in 2015 in New York with the global headquarters situated in Hangzhou, China.

Should you pick PingPong Payments to receive cross-border payments? We will help you answer this question by analyzing its features, its costs, and our expert opinion about it. At the end, we will also highlight how Skydo can be a better alternative for PingPong Payments.

PingPong Payment's global presence has made it a popular platform for e-commerce sellers and business owners to receive payments from foreign clients effortlessly. We have identified a few key points about PingPong payments that you must know while evaluating the platform.

If you are unaware of virtual accounts, we recommend reading our<a href="https://www.skydo.com/blog/virtual-account-numbers"> virtual bank account</a> blog to get complete details. In short, it's a digital account linked to your bank account and has an 18-digit bank account number that you share with your clients to accept payments. With PingPong payments, you can create virtual accounts in 15 different currencies. You also have the choice to receive payments in the same currency and then convert them into<a href="https://www.international.pingpongx.com/solutions/fintechs"> 25+ currencies</a>.

PingPong Payments is mostly sought after by e-commerce sellers because it integrates with major marketplaces and e-commerce platforms like Amazon, Shopify, Etsy, and Rakuten. That means if you're selling goods online on different platforms, you can manage payments of all these apps in a single place.

Even if you're not an e-commerce seller but pursuing some form of international trade, PingPong Payments could still be a good choice. For example, you can use it for making international payments to your suppliers in<a href="https://www.international.pingpongx.com/smb/ecommerce-sellers"> 195 countries</a> using SWIFT transfer.

PinPong Payments complies with international regulations like Anti Money Laundering (AML), Know Your Customer (KYC), and Payment Service Directive (PSD2). It also holds<a href="https://www.international.pingpongx.com/solutions/fintechs"> 60 financial payment licenses</a> in major economies like China, Hong Kong, Europe, and the US.

PingPong Fees to Receive International Payments in India

While PingPong Payments advertises can be a low-cost solution, the actual costs can be high depending on the transaction amount and forex rates. Here's a quick breakdown of its fees with examples.

PingPong charges a 1% transaction fee on every payment you receive. This might seem like a low fee, however, it might be a lot of money if the transaction amount is high. For example, if you receive a payment of USD 10,000, then the transaction fee is USD 100 or INR 8500, considering the exchange rate of 1 USD = INR 85.

PingPong also doesn't disclose the exact exchange rate it applies when converting currencies. This means there is a markup typically between 1% to 2% of the existing exchange rate. Let’s assume the markup is 2% and the current exchange rate of 1 USD is Rs. 85. The markup will be Rs. 1.7 (2% of Rs. 85) meaning the effective exchange rate will be Rs. 83.3.&nbsp; So for a payment of USD 10,000, you will receive&nbsp; INR 8,33,000 instead of INR 8,50,000

The same fee structure applies to Amazon Global Selling users too.

We have compiled the above fees into an illustration so you get a better idea of how much you can expect if you receive payments via PingPong in US dollars.

If you settle for PingPong payments, these are the three advantages you can expect from the payment solution:

Integration with Multiple Marketplaces PingPong Payments’ easy integration with global selling platforms like Amazon, Shopify, and Etsy makes it convenient to expand business across borders without worrying about payment management.

Free VAT and Global Tax Payments The integrated tax management solution helps you pay VAT, GST, and other applicable taxes in 12 countries. This helps you make payments within the protocols and avoid penalties.

Free FIRA on Every Transaction A<a href="https://www.skydo.com/blog/importance-of-fira-for-freelancers"> Foreign Inward Remittance Advice (FIRA)</a> is an essential document as it proves you have received an international payment in India. Banks charge a fee for issuing FIRA every time, but platforms like PingPong Payments provide it for free within the PingPong dashboard.

There are two main drawbacks if you choose to open a PingPong account:

Exchange Rate Markup There is no transparency on how the exchange rate conversion works. There might be a markup of around 2% on the exchange rate meaning lesser value.

1% Fee Can Add Up In case of a large payment volume, the 1% transaction fee adds up. This is especially a matter of concern for exporters who receive large payments from their clients at one go.

Unavailability of Local Customer Support Like many other international payments platform, PingPong Payments doesn't have an India based support team, which can make resolution of queries a challenge for Indian customers..&nbsp;

PingPong Payments Review: The Good, Bad and Ugly

We dug into the reviews of PingPong Payments on Trustpilot, a software review website to bring out the good, bad, and ugly sides of it:

Customer Support PingPong Payments receives brownie points in this area. We found two reviews on the website that highlight the professional and helpful nature of the customer support team. One reviewer even goes to the extent of mentioning the names of the customer service executives who helped her<a href="https://www.trustpilot.com/reviews/649282738d146d7288d35aab"> resolve the issue</a>.

Concerns about Getting&nbsp; Refunds This is where it gets bad. Getting<a href="https://www.trustpilot.com/reviews/678c922cf87236b67d11504f"> balance refunds</a> after closing the account continues to be an issue. Users get frustrated filling out documents and going back and forth multiple times with no clear timelines from the PingPong team.

Concerns over Blocking of Payments A platform blocking payments is a nightmare for customers. A user had to go through that experience when her<a href="https://www.trustpilot.com/users/6549434d146789001292b71f"> receivables and payments</a> were blocked.

Skydo: A Viable PingPong Alternative to Receive International Payments in India

PingPong payments have built a strong reputation globally, however, its high fees and low transparency make it an expensive choice for freelancers and exporters. In addition to that, the reviews about restricting refunds and blocking transactions are worrisome.

Skydo is a more affordable and transparent alternative to PingPong Payments. The fee structure is simple and there are no hidden charges. For receiving a payment of under USD 2,000 you pay a fee of USD 19. For amounts between USD 2,001 to USD 10,000, the fee is USD 29 and for USD 10,000+ the fee is 0.3% of the amount. Moreover, there are no markups on the exchange rate, so the conversion is done based on the live forex rate.

Skydo also offers other benefits like a highly secure platform, no additional fees for FIRA, and a responsive local customer support team. With our support team based in India and working during Indian business hours, it’s always easy to get on a call or chat with them in case you get stuck. This is a huge perk if you’re just starting as an exporter or a freelancer. Having a trusted team by your side helps you to scale faster.&nbsp;&nbsp;

If you're open to looking at platforms beyond PingPong payments that are more supportive and cost-effective for your business, Skydo could be the right choice.

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As Indian businesses expand globally, managing payments in multiple currencies has become more than just a convenience; it’s a competitive edge.

Whether you're an exporter billing clients in USD or a SaaS company offering subscriptions in EUR and GBP, a multi-currency account can simplify how you receive, hold, and manage your international earnings.

But what exactly is a multi-currency account? And why is it becoming essential for modern Indian businesses?

A multi-currency account (sometimes called a foreign currency account or international account) lets individuals or businesses receive, hold, and send money in multiple currencies from a single platform.

Unlike traditional bank accounts that immediately convert foreign currency to INR (often with heavy fees), multicurrency accounts let you:

For example, if you have received payment from an international client from the US in USD, you can hold the payment in USD in your multi-currency account. If you have to pay a client in USD, you can use the current funds for direct payment without converting your local currency to USD.

Some multi-currency accounts come with additional features which can help in increasing the return potential. For example, some multi-currency accounts may offer interest on the balances held in different currencies, while some may offer access to foreign exchange markets.&nbsp;

Which Currencies Can I Hold in a Multi Currency Account?

The accepted currencies in a multi-currency account range between 30-200, depending on the financial institution. However, a multi-currency account facilitates, at minimum, transacting in the following currencies.

Benefits of Multi-Currency Accounts for Indian Businesses

1. Save More by Converting When It Makes Sense

A big perk of a multi currency account is that you don’t have to convert money right away. You can hold on to your earnings in USD or EUR and convert them when the exchange rate is better. Over time, this can add up, especially compared to traditional bank accounts that charge ₹750–₹1000 per transaction just to convert your money.

2. Lower Fees, Less Money Lost in Conversion

If you’re dealing with international payments regularly, small fees can eat into your income. A multi currency bank account typically charges much less in conversion fees compared to regular methods, and that means you keep more of what you earn.

If you’re getting paid in different currencies, tracking it all can be messy. A multi currency account in India helps you keep everything in one place—whether it's dollars, euros, or pounds. That makes your bookkeeping and accounting a lot less painful.

When payments don’t need to go through currency conversion each time, they move faster. A multi currency bank account can help you get your money sooner, without the usual back and forth or waiting around.

Having a multi-currency account can make your business feel more established, especially to international clients. It shows that you're set up to work globally, which builds trust from the start.

6. A Smoother Experience for Your Clients

Getting paid should be easy, for you and for your clients. A multi currency account lets your clients pay in their own currency, which feels more familiar and hassle-free on their end.

7. Helps You Pay International Partners More Easily

Whether you’re working with vendors, freelancers, or service providers abroad, being able to pay them quickly, in their own currency, goes a long way. A multi currency account in India makes this part of the job feel a lot less complicated.

How Can You Get a Multi Currency Account in India?

Most leading banks in India, including HDFC, DBS, HSBC, and others, offer multi currency accounts. However, today, fintech platforms are truly leading the way with multi currency accounts right now. Platforms like Skydo, Wise, Stripe offer mutli currency accounts, enabling businesses to manage their income and payments in multiple currencies. Here's why FinTech-led multi-currency accounts have an edge over multi currency accounts offered by traditional banks:

When deciding where to open your account, carefully assess factors like fees, services, and customer support from each institution. Additionally, ensure that the chosen account supports the currencies relevant to your usage.

Who Is Qualified for a Multicurrency Account?

You must be 18 and above to open a multicurrency account, and certain accounts are restricted to residents of specific countries. Meeting minimum balance requirements may also be necessary. Some multi-currency accounts cater to businesses or high-net-worth individuals, imposing relatively high minimum balance criteria.

Potential beneficiaries of multicurrency accounts include the following.

Final Thoughts: Why a Multi-Currency Account Isn’t Optional Anymore

If you work with international clients—whether you're a growing exporter, a SaaS founder, or a freelancer—sticking to traditional bank transfers or high-fee platforms like PayPal or SWIFT is holding you back.

A multi-currency account in India isn’t just a nice-to-have anymore—it’s a core tool for doing global business right.

In short: A good multicurrency bank account puts you in control of your money, your timelines, and your global growth.

Looking to switch? Skydo offers multi-currency accounts tailored to Indian businesses and freelancers, with no forex markup and fast settlements.

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Stripe Vs Paypal, choosing between these two platforms to receive international payments is often a dilemma for Indian businesses and freelancers.

<a href="https://www.skydo.com/blog/paypal-in-india-charges-review-alternatives">PayPal,</a> a trusted brand since 1998, is known for its widespread acceptance and user-friendly approach. On the other hand,&nbsp;<a href="https://www.skydo.com/blog/stripe-india-charges-review-alternatives">Stripe</a>, though newer to the scene, has made its mark with advanced features and developer-friendly solutions.&nbsp;

In this blog, we will compare Stripe with PayPal, examine real costs, practical features, and genuine limitations of both platforms in India.&nbsp;Whether you're a freelancer or a growing business, let's find out which platform best fits your international payment needs.

Stripe vs PayPal: Understanding the Differences&nbsp;

The following table quickly sums up the Stripe Vs PayPal debate, comparing their availability, fees, compliance, etc. We will be zooming on each of these aspects throughout the blog

Stripe is a global payment platform supporting 135+ currencies. In India, it&nbsp;operates as an invite-only service, prioritizing businesses focused on international expansion.&nbsp;

🔖<a href="https://www.skydo.com/blog/stripe-alternatives-for-international-payments-in-india">Not happy with Stripe? Learn about these Stripe alternatives</a>.&nbsp;

Known for its ease of use, PayPal is a leading global payment platform operating in over 200 countries. For Indian businesses and freelancers, PayPal is a payment gateway for international transactions, though it has certain limitations specific to the Indian market.

🔖<a href="https://www.skydo.com/blog/top-paypal-india-alternatives-for-international-payment">Not happy with PayPal? Learn about these PayPal alternatives</a>.&nbsp;

Stripe vs PayPal Fees for International Transfers (2025)

Stripe Fees for receiving international payments:

Processing Fee: Stripe charges&nbsp;4.3% as processing fees&nbsp;on every successful transaction.

Currency Conversion Fee:&nbsp;An additional<a href="https://support.stripe.com/questions/additional-pricing-information-for-indian-cross-border-sellers" target="_blank">&nbsp;2% fee</a>&nbsp;is charged for currency conversion. So to receive a payment of USD 10,000 via Stripe, you need to pay

4.3% processing fee, which comes to USD 430. So, the remaining balance is USD (10,000-430), which is USD 9570.&nbsp;

This balance will be converted at a 2% forex markup. So, if the prevailing exchange rate is 1 USD = INR 86, then it will be reduced by 2%, making the effective exchange rate around INR 84.3.

So, the final amount receivable is INR (9570*84.3)= INR 8,06,751, as against (10,000*86)= INR 8,60,000, which is the full value of your USD 10,000 payment at the live forex rate.&nbsp;

So, to receive a payment of USD 10,000 via Stripe, you will have to pay INR (8,60,000-8,06,751)= INR 53,249&nbsp;in Stripe fees (assuming an exchange rate of 1 USD = INR 86)

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