You’ve probably made a lot of online payments via Razorpay. It’s a popular payment aggregator that helps businesses accept payments easily through their websites or apps. Now, Razorpay also supports international payments so that businesses can receive money from global customers without any hassle.

However, Razorpay’s high transaction fees and forex markups often make it less suitable for small businesses and freelancers.

In this blog post, we’ll look at some alternatives to Razorpay for international payments, so you can choose the best platform to maximise your savings.

What Is Razorpay?

Razorpay is a payment gateway for businesses to accept and manage online payments in India. It supports various payment options, including credit cards, debit cards, UPI, net banking, and wallets—all through a unified interface.

In addition to domestic payments, Razorpay also offers international payment solutions. Businesses can accept payments in over 100 currencies and receive settlements in INR.

Features of Razorpay for International Payments

Let’s see the key features of Razorpay for international payments:

Standard Payment Gateway

Razorpay’s Standard Payment Gateway allows businesses to collect payments through credit cards, debit cards and even PayPal in over 100 currencies. It automatically converts the foreign currency into Indian Rupees (INR) before settling the funds into your bank account.

MoneySaver Export Account

If you deal with high-volume international payments, Razorpay offers the MoneySaver Export Account. You can receive money directly in your virtual accounts through SWIFT transfer and ACH and FPS transfers.

The MoneySaver Export Account offers:

• Live exchange rates, with no additional forex markup.

• A transparent fee structure to help you know exactly how much you are paying.

• A unified dashboard to manage all export-related payments and documentation.

This account is especially useful for exporters, SaaS businesses, and freelancers who want better visibility into their international payment costs.

Unified Dashboard

Razorpay’s dashboard allows you to:

• Track payment status and settlements.

• View detailed reports.

• Handle refunds and disputes.

Links for Payment Collection

You can generate payment links on Razorpay and share them with your international clients for faster payments. This simplifies payment collection for freelancers, service providers and consultants.

In-built PayPal Integration

Razorpay also offers built-in support for PayPal. This allows you to provide PayPal as a payment option alongside cards and net banking. While PayPal is popular with international clients, you need to pay a PayPal fee in addition to Razorpay’s fee.

Razorpay International Transaction Fees

Here’s a breakdown of Razorpay’s international transaction fees:

Type of Fee MoneySaver Export Account Standard Payment Gateway

FX Markup: 0% (Live exchange rates, no markup) Applies on currency conversion.

Transaction Fee: 1% of transaction amount Card payments: 3% + taxes.

PayPal Fee: Not applicable ~4.4% transaction fee + $0.30 fixed charge + 4% forex markup.

GST: Applicable on Razorpay’s fee.

Disadvantages of Razorpay for International Payments

• Higher transaction fees on the default payment gateway, including a 3% card payment charge plus taxes, can eat into your earnings.

• PayPal payments processed through Razorpay involve additional fees, making costs even steeper.

• The fee structure involves multiple components, including Razorpay fees, PayPal fees (if used), and applicable GST. This reduces earnings for freelancers and small businesses. 

Razorpay Alternatives for International Payments

Now, let’s look at some of the best Razorpay alternatives for international payments to help you maximise your earnings. 

1. Infinity App: Best for low currency-conversion charges

Infinity App enables exporters and freelancers to receive international payments with zero forex markup. It charges a straightforward 0.5% transaction fee with no hidden costs, so you always know exactly how much you’ll earn. 

With Infinity’s Currency Converter tool, you can check live exchange rates and receive payments in as little as 24 hours.

This platform is well-suited for freelancers and small businesses seeking lower transaction fees and a simple, easy-to-use dashboard

Key features of the Infinity App:

• Real-time currency conversion with minimal markup.

• User-friendly dashboard to track and manage all international payments.

• Live payment tracking to ensure transparency.

Pros of Infinity App:

• Pay 0.5% transaction fees.

• Enjoy transparent forex rates with no hidden charges.

• Experience a smooth onboarding process.

• Receive international payments in multiple currencies.

• Withdraw payments easily from Upwork and Deel.

Cons of the Infinity App:

• Currency conversion options are still expanding..

2. Wise Business: Best for transparent international transactions

Wise Business supports low-cost international transfers using mid-market exchange rates and upfront fees. You can hold and manage funds across multiple currencies and receive payments through local bank details.

Key features of Wise Business:

• Option to send, receive and hold funds in over 50 currencies.

• Multi-currency business accounts with local bank details in several countries.

Pros of Wise Business:

• View transparent pricing displayed before transactions.

• Get payments at mid-market exchange rates.

Cons of Wise Business:

• Charges 1.6–1.8% transaction fee plus applicable GST.

• An additional $2.5 fee for e-FIRC.

Related: Top 4 Wise Alternatives in India

3. Skydo: Best for automatic FIRC generation

Skydo is a cross-border payment platform that caters mainly to Indian exporters. It offers virtual international accounts in 15+ countries with automatic FIRC generation. Skydo charges $19 for payments up to $2,000, $29 for $2,001 to $10,000, and 0.3% above $10,000.

Key features of Skydo:

• Compliance support with FIRA regulations.

• Multi-currency accounts help with faster payment settlements.

• Detailed dashboard for managing export transactions.

Pros of Skydo:

• Enjoy competitive fees with transparent currency conversion.

• Get compliance and documentation support.

Cons of Skydo:

• It is expensive for small transactions under $1,000.

Related: Skydo Review and Top Alternatives