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Zero FX markup
Skydo says it converts at a live mid-market rate with zero added FX markup, charging a separate flat fee instead.
Built for Indian freelancers & service exporters
Get paid globally.
Keep more of what you earn.
A practical Skydo guide with a live USD/INR reference rate, fee calculator and side-by-side comparison with popular ways Indian freelancers receive international payments.
Referral link: if you sign up through this page and qualify, DevLife may receive a referral benefit. Your price is not increased by this referral.
Reference FX rate
Live-ish
USD → INR
₹—
Skydo FX markup0%
Skydo fee$19–$29*
FIRAFree
Typical settlement<24h
0% FX markup*
Instant FIRA*
150+countries supported*
$19up to $2,000*
$29$2,001–$10,000*
0.3%above $10,000*
01 / PAYOUT CALCULATOR
How much will you actually receive?
Use the current reference rate and compare the fee impact before you send your next invoice.
Skydo GST on fee18%
FX markup0%
Rate sourceFrankfurter daily reference
Estimated INR after Skydo fee
₹—
Loading…
Skydo fee—
GST on fee—
Total deducted—
Effective cost—
Potential saving vs PayPal
—
Illustrative: PayPal 4.4% + $0.30 receiving fee + 4% currency-conversion fee. Actual quote/terms can vary.
The calculator uses a daily reference FX rate, not a live trading quote. Providers can apply their own rate/fees at the moment of settlement.
02 / COMPARE
Skydo vs popular alternatives
Look beyond the headline fee: FX, documentation, settlement and how your client pays all matter.
| What matters | Skydo | Wise Business | PayPal | Payoneer |
|---|---|---|---|---|
| Core fee model | $19 / $29 / 0.3% | Conversion fee varies | 4.40% + fixed fee | Varies by method/account |
| FX approach | 0% markup claimed | Mid-market + conversion fee | 4% INR conversion fee* | USD→INR withdrawal fee can be 1–4% |
| FIRA / eFIRC | Instant & free | eFIRC for every transfer | Digital FIRA / statements | Digital FIRA available |
| Settlement | Within 24h* | Often fast; depends on route | Depends on transaction/withdrawal | India withdrawals within 48h* |
| Local receiving details | US, UK, Canada, Australia & more | USD, GBP, EUR, AUD, NZD, CAD, SGD, HUF & more | PayPal account | 22 currencies / 13 major local currencies |
| Best fit | Direct B2B invoices | Multi-currency workflows | Clients who insist on PayPal | Marketplaces + broad receiving rails |
Important: Competitor pricing can depend on currency, account type, payment method, volume and route. This table uses published pricing/claims available during research and is intended as a decision aid, not a quote.
03 / WHY IT MATTERS
The hidden cost isn't always called a fee.
A 1–4% FX difference can dwarf a flat payment fee. That's why the calculator separates the exchange rate from the provider fee.
₹
Predictable pricing
For standard global receiving, Skydo lists $19 up to $2,000, $29 from $2,001–$10,000, and 0.3% above $10,000, plus GST.
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Compliance workflow
Skydo provides automatic FIRA and says it handles purpose-code and cross-border compliance workflows for eligible payments.
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Fast settlement
Skydo states that standard payments can settle to an Indian bank account within 24 hours, subject to the payment route and checks.
04 / WORKFLOW
A cleaner way to collect a client invoice
For direct B2B service invoices, the basic flow is intentionally simple.
01
Create your account
Complete Skydo onboarding and set up the receiving account details relevant to your client.
02
Send your invoice
Share the appropriate local receiving details or payment option with your overseas client.
03
Track the payment
Monitor the payment status while Skydo processes the inward remittance.
04
Receive INR + documentation
Skydo says the funds settle to your Indian bank account and a FIRA is generated automatically.
05 / FAQ
Questions freelancers usually ask
Is Skydo cheaper for every invoice?
No. The flat fee can be relatively expensive on very small invoices. The calculator above helps you test your own amount. For larger invoices, a flat $19/$29 fee can be a much smaller percentage of the payment.
Does Skydo really have 0% FX markup?
Skydo currently states that it uses the live mid-market rate with zero FX markup. That does not mean the service is free: its published receiving fee is separate and GST applies to that fee.
What is FIRA and why should I care?
FIRA is evidence of a foreign inward remittance. For Indian exporters/freelancers, having transaction documentation readily available can simplify accounting, GST/export documentation and audit trails. Your exact tax treatment should be confirmed with your CA.
Is the FX rate on this page a live bank quote?
No. It is a daily reference rate from Frankfurter. It is useful for estimation, but the amount actually credited can depend on the provider's settlement process and the applicable rate at that time.
Who should consider Wise or Payoneer instead?
Wise can be attractive if you want a broader multi-currency workflow and its variable conversion fee works for your payment size. Payoneer can be especially useful when your income comes from marketplaces and platforms that integrate directly with Payoneer.
READY WHEN YOU ARE
Open Skydo ↗
Turn your next overseas invoice into INR with fewer surprises.
Check the numbers first. If Skydo fits your payment pattern, you can use the referral link below.