Indian IT companies and freelancers receiving international payments lose crores annually to hidden bank charges. Wire transfer fees of ₹2,000-4,000, exchange rate markups of 3-5%, and 3-5 day processing times are the reality of traditional banking. For a company receiving $50,000/month internationally, that's ₹1.5-2.5 lakhs lost to fees every month. Airwallex slashes these costs with multi-currency accounts and near-interbank exchange rates.
Payment Service Comparison
| Service | FX Markup | Fee | Speed | Best For |
|---|---|---|---|---|
| Airwallex | 0.2-0.5% | Low | 1-2 days | Business payments |
| Wise | 0.3-0.6% | Low | 1-2 days | Personal |
| PayPal | 3-4% | 2-5% | Instant | Easy/common |
| Bank wire | 3-5% | ₹2-4K | 3-5 days | Traditional |
Save on Business Payments
Open your account on Airwallex — multi-currency accounts in 60+ currencies, near-interbank rates, batch payments for vendors, API integration, and local collection accounts in US, UK, EU. Learn financial management on Udemy — business finance and international trade courses from ₹449.
Why Indian Businesses Choose Airwallex
- Save lakhs: Up to 90% cheaper than bank wires on international payments
- Multi-currency: Hold 60+ currencies — no forced conversions
- Batch payments: Pay multiple vendors or freelancers in one go
- API ready: Integrate with your accounting and ERP systems
- Local accounts: Receive payments like a local business in US, UK, EU
Frequently Asked Questions
RBI compliant?
Yes. Operates within regulatory frameworks. Consult your CA for specific compliance.
How much saved?
50-90% vs bank fees. ₹5-20 lakhs/year for typical IT company payment volumes.
vs Wise?
Better for business. Batch payments, API, invoicing features Wise lacks.
GST on fees?
Fees are transparent. Consult your accountant for GST treatment of foreign services.
Related: Payments | Earn Money | Freelancing