Calculate your extra earning
INR 95,708.10
FX rate
INR 95.7081
FX rate comparison
INR 95,423.10
FX rate
INR 95.4231
INR 95,196.20
FX rate
INR 95.1962
Banks
INR 92,422.20
FX rate
INR 92.4222
Why businesses are switching?
The wrong payment platform drains your earnings on every invoice.
Cost Stack on Stripe
Stripe India is invite-only, and even approved accounts face a 3% international card fee plus a 2% FX conversion fee on every payment. The effective cost often crosses 5 to 6% per transaction. Indian B2B exporters frequently do not qualify for an account at all.
Cost Stack on Payoneer
Payoneer charges 1% to receive via bank transfer, up to 3% for card payments, and a 2% FX markup when withdrawing to your Indian bank. There is also a $29.95 annual fee if you receive less than $6,000 in any 12-month period. The all-in cost for many Indian exporters touches 3 to 4% before funds land in the account.
Slow Settlement to Indian Banks
Stripe settles to INR in 2 to 7 business days. Payoneer takes 2 to 5 business days. Working capital sits idle while funds clear, which makes vendor payments and payroll difficult to plan ahead.
FIRA and Compliance Friction
Stripe does not provide automatic FIRA. You must request it from your bank manually, which adds days to every compliance cycle. Payoneer provides FIRA but the process is slow. Both create real risk for IT exporters filing GST refund claims or quarterly ITR.
Invoice Limits and Business-Type Restrictions
Stripe India is invite-only and does not support individual accounts, only registered businesses. Payoneer limits and permissions vary by account type and payment method. Both platforms create friction for Pvt. Ltd., LLP, and OPC structures that need straightforward, scalable cross-border collections.
Stripe vs Payoneer vs Xflow: complete breakdown
Best for card checkout
Best-in-class developer tools for SaaS and e-commerce. India presence is invite-only and limited for cross-border B2B receiving. Not built for invoice-based inflows from overseas clients.
India invite-only
Strong for marketplace withdrawals
Works well for Upwork, Fiverr, Amazon, and Airbnb payouts. Reasonable fees compared to PayPal. Still loses 1 to 2% on FX at withdrawal, and fees stack for smaller or card-based payments. Not suited for high-value direct client invoices.
2% FX at withdrawal
Best for Indian exporters
Lowest cost on larger invoices. Free eFIRA per transaction, 1-day INR settlement, no invoice limits. India-native compliance built for every entity type.
Recommended for IT exporters
Feature | Stripe | Payoneer | Xflow |
|---|---|---|---|
FX Markup | ~2% on cross-border | ~2% on INR withdrawal | 0% (mid-market) |
Transaction / Receiving Fee | 2.9% + 30c domestic; higher international | 1% bank transfer; up to 3% card | 0.6% flat, min $12 |
FIRA / eFIRC | Limited, manual bank request | Available, slow process | Free, auto-issued within 24 hrs |
Settlement Speed | 2 to 7 business days | 2 to 5 business days | 1 business day |
Per-Invoice Limit | Depends on entity and India eligibility | Account-dependent | No limit |
Currencies Supported | 135+ for charging; receiving varies | 70+ currencies, 190+ countries | 25+ incl. AED, SGD, HKD, CHF |
Local Payment Rails | For charging only | Yes, multi-currency receiving accounts | Yes, ACH (US), SEPA (EU), CHAPS/BACS (UK) |
Guaranteed FX Rate | No | No | Yes, 3-hour lock |
RBI / FEMA Compliance | Through bank | Through bank partner | RBI-authorized bank partner, auto eFIRA |
Zoho Books Integration | No (third party only) | No (third party only) | Native |
API / White-Label | Yes | Available | Full API and webhooks |
India-Based Support | Global only | Limited India presence | Dedicated India onboarding team |
Choose the plan that fits your business
Compare percentage-based pricing across invoice sizes and see how Xflow stacks up.
Card Processor First
Best for
Online checkout & subscriptions
Not designed for invoice-based cross-border B2B inflows. India-specific limits on business types apply.
| Charge type | Fees |
|---|---|
| Domestic card | 2.9% + 30c |
| International card | Higher + ~2% FX markup |
| FIRA | Manual bank request |
Marketplace-Friendly Mid-Range
Best for
Marketplace payouts
Loses 1 to 2% on FX at every withdrawal. Annual fee applies below $6,000/year. Not suited for high-value direct B2B invoices.
| Charge type | Fees |
|---|---|
| Receiving | 1% bank / up to 3% card |
| FX markup | ~2% on INR withdrawal |
| Annual fee | $29.95 if under $6,000/yr |
Flat-Tier + Percentage Model
Ideal for invoices from
$500 – $500,000+
Any invoice size, any Indian entity type — no caps, no restrictions
| Invoice value | Fees |
|---|---|
| Upto $2000 | $12 flat + Free eFIRA |
| Above $2,000 | 0.6% + Free eFIRA |
| Above $100,000 | Custom rate + Free eFIRA |
What our users say
Xflow’s product has added tremendous value to our customers by simplifying cross border payments and helping save costs. The integ
Tej Mulgaonkar
Director
Xflow helps me collect payments from customers across multiple countries. With Xflow, global payments are simplified and reconcile
Varun
Co-founder
Xflow has helped us improve collections by making it easy for my customers to pay using their local payment methods
Hemant Kumar
WeWork India
I manage my forex operations and hence it was important for me to find a payments partner who could settle into my EEFC account. X
Dhruv
Founder
Xflow has made it super simple for us to go live with Inkle’s specific cross-border payment use case (intercompany transfer pricin
Anand Krishna
CEO & Founder
Xflowpay has built very powerful, robust, and flexible APIs that any organisation can easily consume to launch cross border paymen
Pranav
Head of Forex
I am able to collect payments for invoices to overseas customers seamlessly using Xflow. My customers in US are also able to pay m
Binu
Founder
Xflow's cross-border payment solution complements our core neobank offering. We love the white-labelled nature of the product. We
Saurabh
Founder
Getting started on Xflow was easy - KYC was simple and I could start transacting in less than 24 hours. Now that we have used Xflo
Sandeep
Founder
We leverage Xflow to help our customers collect >$10,000 invoices. We draw a lot of comfort from the fact that Xflow has partnered
Saurabh
Founder
With Xflow, we found a convenient, compliant, cost-effective payment provider to bring funds into India under transfer pricing. Th
Sunil
Founder
Xflow’s product has added tremendous value to our customers by simplifying cross border payments and helping save costs. The integ
Tej Mulgaonkar
Director
Xflow helps me collect payments from customers across multiple countries. With Xflow, global payments are simplified and reconcile
Varun
Co-founder
Xflow has helped us improve collections by making it easy for my customers to pay using their local payment methods
Hemant Kumar
WeWork India
I manage my forex operations and hence it was important for me to find a payments partner who could settle into my EEFC account. X
Dhruv
Founder
Xflow has made it super simple for us to go live with Inkle’s specific cross-border payment use case (intercompany transfer pricin
Anand Krishna
CEO & Founder
Xflowpay has built very powerful, robust, and flexible APIs that any organisation can easily consume to launch cross border paymen
Pranav
Head of Forex
I am able to collect payments for invoices to overseas customers seamlessly using Xflow. My customers in US are also able to pay m
Binu
Founder
Xflow's cross-border payment solution complements our core neobank offering. We love the white-labelled nature of the product. We
Saurabh
Founder
Getting started on Xflow was easy - KYC was simple and I could start transacting in less than 24 hours. Now that we have used Xflo
Sandeep
Founder
We leverage Xflow to help our customers collect >$10,000 invoices. We draw a lot of comfort from the fact that Xflow has partnered
Saurabh
Founder
With Xflow, we found a convenient, compliant, cost-effective payment provider to bring funds into India under transfer pricing. Th
Sunil
Founder
Xflow is built for India and engineered for growth
Features other platforms don't offer - Xflow is built for Indian businesses from day one.
Guaranteed Live FX Rate
Unique to Xflow Your rate is locked for 3 hours after your client pays. You know the exact INR before you convert.
FX AI Analyst
Unique to Xflow, An AI-powered assistant that helps you decide when to convert based on market conditions.
EEFC Account Support
Hold foreign currency and convert when the rate works in your favour. Stripe and Payoneer both convert to INR on their own schedule. Xflow gives you the choice to wait for a better rate.
Transfer Pricing Compliance
Built-in compliance for funded startups remitting from a global HQ to an Indian subsidiary. No separate documentation workflow and no CA overhead for every intercompany transfer.
Fully compliant infrastructure
ISO 27001 + SOC 2 certified. Zero upper limit on transfer size. Enterprise-grade security without enterprise complexity.
Free FIRA
Auto-generated within 24 hours for every transaction. No follow-up calls, no extra charges, no delays before your audit.
- 01Exchange rate markups Banks add a 2-4% markup over the mid-market rate; fintech platforms typically charge 0.5-1%. On large or recurring transfers, this gap has a real impact on how much the recipient receives. Look beyond the advertised fee and compare the actual exchange rate on offer.
- 02Transfer fees Per-transfer fees vary widely across providers, from nothing to $30 or more. A zero-fee provider isn't always cheaper as the cost is often built into a less competitive exchange rate. Compare the full picture: fee and FX spread combined.
- 03Processing time Bank wires take 2-5 business days. Fintech platforms usually settle within 1-2 business days, and some offer same-day delivery for Canada to India transfers. Check the estimated delivery window before you send.
- 04Tax rules for senders and receivers Tax rules vary on both ends of a transfer. Canada does not tax outward transfers at source, but cross-border payments may have GST/HST implications depending on the nature of the transaction. On the receiving end, inward remittances into India are not taxable as income and recipients are not subject to TCS.
- 05Sending limits and KYC Canada has no hard cap on outward international transfers, but transactions above CAD 10,000 must be reported to FINTRAC under Canada's anti-money laundering rules. All regulated platforms require identity verification before processing. Have a government-issued ID and proof of address ready.
- 06Banks vs fintech platforms Canadian banks charge high FX markups on top of wire fees, and additional deductions from correspondent banks can further reduce what arrives in India. Fintech platforms offer tighter spreads and transparent fees, so more money reaches the recipient.
Who Is Xflow Built For?
Feature | Other Platforms | Xflow |
|---|---|---|
IT / IT Service Exporters | ||
Stripe India is invite-only and registered-business-only - individual developers and small firms often can't get access. | 0.6% flat fee - a $50,000 invoice costs $300, nothing more. | |
Stripe's 2.9% + 2% FX markup compounds fast on large monthly invoices. | No invoice limits - bill enterprise clients without splitting or workarounds. | |
Payoneer's 2% FX markup at withdrawal reduces your final INR on every payment. | EEFC account to hold USD or GBP and convert strategically when FX is in your favour. | |
Neither has built-in transfer pricing compliance for ITES companies with global HQ structures. | Transfer pricing compliance built in, on ISO 27001 + SOC 2 + JP Morgan infrastructure. | |
SaaS & Startups | ||
Stripe India is invite-only - SaaS companies wait weeks for approval, and some never get it. | 0.6% flat fee on every invoice with no FX markup, open to all Indian entity types. | |
Stripe routes everything through card rails: 2.9% + 2% FX markup on every invoice regardless of size. | 1-day INR settlement so subscription revenue lands predictably each cycle. | |
Payoneer has no transfer pricing compliance for funded startups remitting from a global HQ to an Indian subsidiary. | Transfer pricing compliance built in, plus EEFC support to hold forex across billing cycles. | |
Neither auto-issues eFIRA - compliance documentation piles up every billing cycle. | Free eFIRA auto-issued within 24 hours, plus native Zoho Books for billing and reconciliation. | |
Freelancers & Agencies | ||
Stripe isn't available to individual accounts in India - only registered businesses, and even those need an invite. | All entity types supported: Pvt Ltd, LLP, OPC, sole prop, and individual freelancers. | |
Payoneer charges 1% to receive + 2% FX markup at INR withdrawal; card-based client payments cost 3% more. | 0.6% flat fee with no FX markup - more of every invoice reaches your bank. | |
Payoneer's $29.95 annual fee (receipts below $6,000/yr) hits part-time and early-stage freelancers. | No invoice limits and no annual fee, plus 1-day INR settlement. | |
Neither auto-issues FIRA fast enough for quarterly ITR filing and GST refund claims. | Free eFIRA auto-issued within 24 hours - ITR and GST filing without chasing documents. | |
Platforms & Marketplaces | ||
Stripe is invite-only and not designed for platform-level disbursements to Indian vendors at scale. | Full white-label API with webhooks to embed cross-border payments directly into your product. | |
Neither auto-generates eFIRA at the vendor level, creating compliance risk across the marketplace. | Per-vendor eFIRA auto-generated within 24 hours at the infrastructure level. | |
Frequently asked questions
We're making the headlines
"Xflow, an Indian fintech startup, has secured backing from both Stripe and PayPal Ventures in a $16.6 million funding round. The investment comes as the company works to carve out a position in cross-border B2B payments, a market still dominated by banks and manual processes.
"Xflow, a leading cross-border payments fintech, today announced the launch of its new flexible, flat-fee pricing plans designed specifically for India's small and mid-sized exporters. "
"Indian exporters can now focus on growth while Xflow handles complex payment documentation Bengaluru, Karnataka, India (NewsVoir) Xflow today announced the launch of Compliance Desk, a managed service that allows Indian exporters to outsource the complex compliance requirements tied to cross-border payments.
“Xflow, a Bangalore-based fintech specialising in cross-border payments, has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator for Cross-Border transactions. ”
"Xflow, a financial services and infrastructure company, simplifies the cross-border payments experience for businesses.
"Xflow has made it super simple for us, it handled our needs, volumes and edge cases quickly, seamlessly and compliantly," said Anand Krishna, CEO and Founder of Inkle
"Xflow is designed to help businesses send and receive cross-border payments in a compliant and regulatory manner - from freelancers to small and medium enterprises all the way