Best Online Payment Apps in India For International Transactions

Freelancers and businesses dealing with International clients are booming in India. In this section, we explore the International payment apps that best suit Indians who are aiming to make or receive International payments. 

A good International Payment App has the features: 

• Should have less transaction & currency conversion fee
• Supports wide payment methods and banks 
• Fast and secure transfer of funds with 24X7 support.

Let us dive in to understand the best International payment apps with their key features. 

1. PayPal

Paypal is a very renowned International Payment App networking in 200+ countries. It offers a faster way to send money. The transaction fee charged is high compared to other Apps but it’s a very helpful platform for Businesses and Freelancers to make and receive payments globally. 

Key Features:

• Easy Cross-Border Transactions: PayPal automatically converts local currency into the intended currency when paying or withdrawing. 
• Support Currencies from 26 Countries
• Check for PayPal’s Transaction Fees as shown below:

• PayPal has the Highest Transaction Limit of $10,000 compared to all other International Payment Apps & the settlement TAT is 2 days.

2. Payoneer

Supporting over 200+ countries with their service and 150 currencies globally.  Payoneer is a chosen one among the Indian Freelancers to receive International payments. It provides an option to bear the transaction fee either by receiver or payer, which in most cases is borne by the client (payer). 

Key Features:

• Current Account to Send Money: Payoneer supports payers only having Current Account (Business Account) to send money internationally. Whereas users with either account (Savings or Current Account) can receive and withdraw money. 
• Store Manager: This feature helps in tracking multiple store payments across various marketplaces from one convenient location. 
• Supports 150 Currencies and is widely used in 200 Countries
• Request A Payment: A useful feature for the receiving party to raise their invoice.
• Check for Payoneer’s Transaction Fees as shown below:

Fee for Receiving Amount:

Fee for Withdrawing the Amount:

• Payoneer Virtual Card: Offers a Payoneer Mastercard which allows business owners to pay for global business expenses in a simple way. It also allows withdrawing money. 

3. Wise

Wise is an easy-to-use platform offering an advantage to users having no or little knowledge about the process involved in making International.

Mostly chosen by Freelancers in India to raise an invoice and receive International Payments. The App charges very less Transaction Fee and supporting over 227 Countries worldwide. 

Key Features:

• Know about Wise’s Transfer Limits and Receiving Limits as shown below:

Transfer Limits:

Receiving Limits:

• Send Money Now: Process to send money effortlessly without having the prior need to link a bank account. 
• Wise Travel Money Card: For all the travel enthusiasts, it is like a debit card where an individual can hold and manage 53 currencies in their Wise Account.
• Wise Business Debit Card: A normal debit card to counter all the global business expenses. 
• Supports 40+ Currencies Globally.

4. Revolut

Revolut is one emerging International Payment App with lots of new features and plans. It is mostly suitable for Individuals, Children and Businesses who have frequent requirements for International Transactions. 

Key Features:

• Provides Cryptocurrency Support: Allows users to buy and sell cryptos at one touch at their own risks.
• Revolut <18: Allows children (6 – 17) to get their free account under Parents or Gaundians’ supervision. 
• Supports Investing and Tracking options for Stocks and Commodities
• Savings Vault: Allows retail customers to set aside funds that would earn interests. 

5. Remitly

An emerging app that aims to support immigrants all over the world. Supporting over 170 countries, it is very useful for Indian individuals, Businesses and Freelancers sending and receiving payment in dollars. 

Remitly supports a majority of the Indian Government and Private Banks, UPI’s, Credit and Debit Cards and takes around 3-5 days for successful payment. 

Key Features:

• Remitly Economy and Express Money Transfer Options
• Allows upto $30,000 in a single transfer
• 0 Transfer Fees for sending amounts more than $1000
• Transaction Limit: $2999 per day, $10,000 per month and $18,000 per 6 months. 
• Check the Exchange Rates for Remitly as shown below:

Online payment is an instant method of transferring money to individuals or organizations directly over the Internet, making our regular bill payments, balance inquiries, account details inquiries, money transfers, etc. more manageable and effortless. 

In this article, we will explore 5 Domestic Payment Apps used within India and 5 International Payment Apps that best suit Indians aiming to make or receive International payments, with their key features. The apps for the online payments are:

1. Paytm
2. Google Pay
3. PhonePe
4. CRED
5. MobiKwik
6. PayPal
7. Payoneer
8. Wise
9. Revolut
10. Remitly