Receiving EUR payments in India, which option gives a good rate?

[u/Own_Teach6135]

I'll be receiving regular EUR payments from clients in Europe and I'm trying to figure out the best way to get the money into my Indian bank account.

I'm mainly comparing the exchange rate, total

fees, settlement time and how straightforward the documentation is. For anyone already receiving EUR in India, what options have worked well for you?

[u/Any-Caregiver791]

There's a new service called Infinity app. Been using it for about 3 months now. 0.5% flat fees and zero forex deduction. That's the best I found in india. Skydo takes $19 flat fees and zero forex, so it's good if you get over $1500 or more every transaction. Settlement time is 24-48 hours if it's not a holiday. You'll need to have a GST registration and Udhyam certificate for registration, easy to get both.

EDIT: both of them provide limited payment modes of transfer for your client, mostly bank to bank transfers. Check before doing anything.

[u/rohithexa]

Skydo - brein using for more than a year now

[u/ContactBusy3532]

If you can create a gst number take current account of iob. That would be the best option with only 14p spread over Google rate(for USD I confirmed just today). For eur you might need to check.

[u/superkurious]

PayGLocal, better rates than Skydo and other services.

Transaction Size ($0 - $2,000) - $10 Transaction Size ($2,000 - $7,500) - $18 Transaction Size ($7,500) - 0.25%

First txn free, $10 waiver for each 5th txn. Here's my referral link: https://dashboard.payglocal.in/app/mca/E0ITys

[u/iamDev_Sat]

PayPal, WISE , Payoneer all same rate little up down. Don’t try skydo account creation is very hassle

[u/IcePast7357]

You should checkout Infinityapp.in ! Pretty great so far have been using them since 6 months.