Business International business

Overview of Skydo for Receiving International Payments in India

Wise

19.02.24

Read time 1 minute

Expanding your business globally often means navigating complex and expensive international payments. Skydo is a platform dedicated to simplifying this process, providing businesses with the tools to easily receive, manage, and convert payments from overseas customers. Let's explore Skydo's offerings, features, and how their pricing compares to other alternatives.

📋 Overview of Skydo
What is Skydo? Skydo Pricing: How Much Does It Cost? Skydo Contact Information Skydo Alternatives for Indian Businesses

What is Skydo?

Skydo offers Indian companies and freelancers foreign currency account details, enabling them to conveniently receive payments from overseas clients. Skydo converts the received payments to INR and transfers them to the recipient's bank account in India, with a free FIRC issued within 24-hours of the transaction.

Additionally, Skydo provides an integrated invoicing, payments and accounting platform for businesses in India.

By partnering with Skydo, Indian companies can ditch the hassles of international wire transfers and access a more efficient way to get paid by their overseas customers and vendors.

Click here for a complete guide to using the Skydo Platform.

Skydo Pricing: How Much Does It Cost?

Skydo only charges when you receive a payment through their platform.

Payment Amount	Skydo Fees
Up to USD 2,000	USD 19
From USD 2,001 to 10,000	USD 29

Additionally, Skydo charges GST at 18% of the transaction costs.

Skydo Contact Information

Skydo customer support can be contacted via:

Phone: +91 70260 00500 (Monday - Friday, 10 am to 8 pm IST)
Complaints can be sent via Email to support@skydo.com

Skydo Alternatives for Indian Businesses

While there are several options such as PayPal and Bank Transfers for receiving international payments, account details in foreign currencies definitely provides a level of convenience both for your clients and for your company's financials. Here are other popular providers offering multi-currency account details accounts for Indian businesses:

Mulya Finance charges 1% of the transfer amount.
Salt.Pe charges 1.75% of the transaction amount
Winvesta charges USD 3 + 0.99% for withdrawing USD balance. For other currencies, Winvesta charges 1.25% and additional USD 10 fee if someone sends you money through SWIFT or FEDWIRE.
Payoneer charges a transaction fee of 1-3% to receive payment directly from clients, plus a withdrawal fee of up to 2% to transfer funds to your INR account.
PingPong charges a 1% fee when withdrawing funds to your local account in India.
Wise is a global money transfer company building a platform that simplifies receiving international payments for Indian businesses. We invite companies and freelancers in India to sign-up for the Wise Business Account waitlist 👉

Always thoroughly compare transfer fees, exchange rate markups, features, and reputation before selecting any provider for your international payments.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.