PayGlocal vs Wise: What Indian Exporters Actually Pay

Short answer

Wise is a good global account. It is not an Indian export stack.

Wise is a good global account. If you hold several currencies, spend abroad, or run a company outside India, it does something nothing else does as neatly.

For an Indian business collecting export income, two things get in the way.

Wise charges a percentage to convert, so the fee grows with every invoice, and it cannot take a card, bill a subscription, or move money inside India.

PayGlocal vs Wise at a glance

FIRA

Free, automatic, per transaction

$2.50 per certificate, around three working days

eBRC

Supported

Not automated

GST invoicing

Automated

Not India-GST compliant out of the box

Purpose code

Assigned correctly at source

Handled through your AD bank

SOFTEX and EDPMS

Supported in the compliance workflow

Handled separately with your bank

Settlement to your bank

Under 24 hours

Two to three business days

Card payments

Yes, checkout, Google Pay and Apple Pay at 2.75%

Subscriptions on international cards

Domestic payments

Yes, on PA-O

Outward payments from India

Yes, on PA-CB Outward

No, inbound only for new Indian users

FX markup

None, mid-market rate

Pricing

A percentage grows with your invoice. A flat fee does not.

$10

up to $2,000

Conversion fee

Around 1.65% of the payment, charged on top of the mid-market rate

$18

from $2,000 to $7,500

FIRA

$2.50 per certificate, around three working days

0.25%

above $7,500

GST

18% on the fee

The same invoice, both ways

Invoice

You keep

$1,000

$11.80

$21.97

₹895

$2,000

$11.80

$41.44

₹2,608

$5,000

$21.24

$99.85

₹6,918

$10,000

$29.50

$197.20

₹14,758

$25,000

$73.75

$489.25

₹36,564

$50,000

$147.50

$976.00

₹72,908

Both figures include 18% GST. Wise includes the FIRA charge. Converted at ₹88 to the dollar.

A business collecting $50,000 a month across five invoices saves close to ₹8.8 lakh a year.

Honest fit check

We are not the only right answer for everyone

When Wise is the better call

Wise is good for these.

Holding several currencies long term rather than converting to INR
A card you can spend abroad
Running a company outside India as well

If your money is meant to stay in foreign currency rather than land in INR, Wise is a fair choice.

Collecting an international invoice payment

Where PayGlocal wins

PayGlocal is better for Indian exporters, IT and ITeS firms, SaaS companies, freelancers and agencies, for businesses that also take card payments or bill subscriptions, for anyone who needs FIRA without paying for it, and for businesses that also collect inside India.

Flat to $7,500, then 0.25%. A percentage conversion fee never stops growing, so the bigger the invoice the wider the gap. On a $10,000 invoice that is about ₹14,700 kept, and close to ₹8.8 lakh a year on $50,000 a month.

Full checkout with Google Pay and Apple Pay at 2.75%, plus recurring on international cards. Wise does neither, so a buyer who wants to pay by card has nowhere to pay.

We hold PA-O for domestic and PA-CB for outward. Wise is inbound only for new Indian users, and sending money out of India is closed to them. One provider, one onboarding, one reconciliation.

Phone, email and WhatsApp, in Indian hours, not a global queue. No emailing your CA every quarter, and no chasing the bank for a stamped certificate the day before a GST deadline.

EDPMS, eBRC and export compliance are what we were built for, not a country module on a global product. FIRA is free, automatic and instant on every payment, and the purpose code is assigned correctly at source.

Founder growing an international business with PayGlocal

₹14,700

kept on a $10,000 invoice

Switching over

Switch in about a day

Five steps, most of them measured in minutes rather than days.

Create your account

Upload PAN, GST and IEC, about 10 minutes. Your collection details come back the same day.

Update your invoices

Change the payee details on your invoice template, about 10 minutes, then tell your clients once.

First payment lands

24 to 48 hours after your client pays into the new account.

From the blog

Learn how businesses go global with PayGlocal

See your own number

Put your invoice size in the calculator, or send us last quarter's invoices and we will price both properly.

See the full rate card

Frequently asked questions.

PayGlocal, and the gap widens as invoices grow. A $10,000 invoice costs about $30 with us against roughly $197 on Wise, because Wise charges around 1.65% to convert plus GST plus $2.50 for the FIRA. That is about ₹14,700 kept on a single invoice.

Yes. Both convert at the real mid-market rate with no markup. The difference is the fee charged on top, which is a percentage on Wise and flat with us up to $7,500.

Free, automatic and instant on every payment. Wise charges around $2.50 per certificate and takes about three working days. You need FIRA for GST refunds and export compliance.

Yes. Checkout, Google Pay and Apple Pay at 2.75%, plus recurring payments on international cards. Wise cannot accept cards from your customers.

Yes. Clients replace your payee details with your new collection account and pay the same way they already do, as a local transfer in their own currency.

PayGlocal vs Wise: What Indian exporters actually pay