Pratyush Jha 

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A B2B payment gateway is a digital solution that helps businesses process payments from or to other businesses. It can support different payment methods and depending on the platform, may also connect payment processing with invoicing, approval workflows, and accounting or finance systems.

B2B payments are transactions between businesses for products, professional services, software, subscriptions, or ongoing commercial arrangements. Unlike a typical consumer purchase, these payments often involve a more structured process. A business may raise a purchase order, receive an invoice, obtain internal approval, and then make the payment according to agreed terms.

When these payments involve customers or suppliers in other countries, businesses need to understand how<a href="https://www.skydo.com/blog/cross-border-payments"> cross-border payments</a> work and what is involved in moving money across borders.

B2B payment gateways can broadly be set up in two ways:

A B2B payment gateway works by processing a payment request from the buyer, validating the transaction, and facilitating the transfer of funds to the supplier. It typically sits between the buyer, the supplier, and the relevant banks or financial institutions, helping process the payment after the buyer approves the invoice. Here is how the process generally works:

This structured approach can be particularly useful when a business is handling a high volume of payments. Modern B2B payment platforms usually automate parts of the process, reducing manual data entry and making it easier to track invoices, payments and outstanding amounts. They can also give finance teams a centralised view of payment activity across departments, speed up invoice validation and approval, and simplify reconciliation through features such as payment references and virtual accounts. Detailed transaction histories and activity logs can further support reporting and audits.

For businesses moving from traditional methods to digital payment processes, understanding the shift from <a href="https://www.skydo.com/blog/b2b-payments">cheques to digital B2B payments</a> can help put these changes into perspective.

<a></a>Domestic B2B Gateway vs International B2B Payment Platform

A domestic B2B gateway may be suitable for collecting or making payments within India, while a cross-border payment platform is designed specifically to help <a href="https://www.skydo.com/receive-international-payments-in-india">businesses receive international payments in India.</a>

What Should Indian Businesses Look for in a B2B Payment Gateway?

Indian businesses should choose a B2B payment gateway that meets applicable regulatory requirements, has hassle-free settlement, transparent pricing, and offers multi-currency support. Here are some factors to consider:

The best B2B payment gateway depends on what you need it to do. While some platforms focus on online checkout, billing and subscriptions, others are designed around receiving cross-border business payments. For Indian exporters, the choice also involves factors such as supported currencies, foreign-exchange costs, settlement, and access to remittance documentation. Here are 10 platforms worth considering:

Skydo is a cross-border payment platform designed for Indian exporters and businesses receiving international payments. It received final RBI authorisation as a Payment Aggregator-Cross Border (PA-CB) entity in January 2026 and supports international collections through global receiving accounts.

Its current pricing is $19 for transactions up to $2,000, $29 for transactions between $2,001 and $10,000, and 0.3% for transactions above $10,000, plus applicable GST. It also provides FIRA documentation and real-time payment tracking. It is particularly suited to exporters, service businesses and other Indian businesses that regularly receive payments from overseas clients.

Stripe is a global payments platform offering online payments, billing, invoicing and other financial tools. Indian businesses that are eligible for Stripe accounts can accept international payments in more than 135 currencies, subject to Stripe's requirements for Indian businesses.

Current Indian pricing lists 3% for cards issued outside India, with an additional 2% currency-conversion fee where applicable. It can suit businesses selling products or services online to international customers, particularly those that need a developer-friendly checkout and billing stack. If you are weighing it against PayPal, this <a href="https://www.skydo.com/compare/paypal-vs-stripe">Stripe vs PayPal comparison</a> covers the key differences for international payments.

Paddle is a Merchant of Record platform built primarily for SaaS, software, apps and other digital products. It combines payments, billing, subscriptions, tax handling and compliance in one platform. Its standard pay-as-you-go pricing is 5% + $0.50 per checkout transaction. It is a strong option for Indian software and digital-product businesses selling globally. However, it is not a general-purpose solution for every type of export transaction.

PayPal is a widely used international payments platform that allows businesses to receive payments from customers in other countries. For Indian users, PayPal currently supports international payments, while its currency-conversion pricing includes a fee added above the base exchange rate. It can be useful when overseas clients already prefer PayPal, although businesses should compare its conversion costs and settlement requirements with other cross-border options.

Razorpay is a major Indian payments platform offering payment gateways, payment links and other business payment products. Its international payments offering allows eligible businesses to accept payments from customers using foreign-issued cards, and Razorpay also provides FIRA for international payments.

It can work well for Indian businesses that need a broader payment option combining domestic payments with international card acceptance. If you need a solution focused more specifically on receiving international payments, you can also compare <a href="https://www.skydo.com/compare/razorpay-alternatives">Razorpay alternatives for international payments in India</a>.

Payoneer helps businesses and professionals receive payments from international clients, marketplaces and other platforms through receiving accounts and other payment options. For Indian customers, Payoneer offers receiving accounts in multiple currencies and provides digital FIRA/FIRS/NOCs through its platform. It is well suited to businesses and freelancers receiving recurring payments from overseas customers or marketplaces, although its withdrawal and currency-conversion fees should be checked for the specific transaction.

CCAvenue is an established Indian payment gateway that supports domestic and international payment acceptance. It offers more than 200 payment modes and allows merchants to accept international payments in customers' local currencies, with settlement in INR. It can suit established online businesses that want broad payment-method coverage and international checkout capabilities, although pricing varies by plan and business requirements.

EBANX provides payment infrastructure for businesses expanding into emerging markets. Its India offering supports methods such as cards and UPI. It is more relevant to international businesses looking to collect payments from customers in emerging markets than to an Indian exporter looking for a dedicated way to receive overseas invoice payments.

Cashfree Payments provides domestic payment services as well as international payment products. Its international offering supports payments from customers around the world in more than 140 currencies, and Cashfree has received RBI authorisation as a Payment Aggregator-Cross Border. It also offers global collections with local accounts in currencies including USD, EUR, CAD and GBP. This makes it a versatile option for Indian businesses that need both domestic payment infrastructure and cross-border collection capabilities.

Instamojo provides payment links, online-store tools and payment collection services aimed largely at small businesses and online sellers. Its current payment options include UPI, domestic cards, net banking and international cards subject to approval, but it does not support multi-currency payments. It can be an easy option for small Indian businesses collecting online payments. However, businesses with substantial international payment requirements may need a platform with broader cross-border capabilities.

How can Skydo Help to Receive B2B Payments in India

Indian businesses receiving payments from overseas customers often have to deal with foreign-exchange costs, remittance documentation and settlement timelines, which eventually affects the actual experience of receiving an international payment.

<a href="https://www.skydo.com/">Skydo</a> is an RBI-authorised Payment Aggregator-Cross Border (PA-CB) platform designed to help Indian businesses deal with these challenges. Skydo supports cross-border payment collection for eligible Indian exporters and freelancers while helping them manage the related settlement and documentation process.

<a></a>How an Indian business can receive a B2B payment through Skydo

Skydo also provides tools to help with eBRC and EDPMS-related processes, including features designed to make it easier to manage export-remittance records and closure requirements. Once onboarding is complete, businesses can receive payments digitally without needing to visit a bank branch. India-based customer support is also available through channels such as WhatsApp, text support, and calls.

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A remittance receipt is a document issued by the payee after a payment has been successfully received. It serves as confirmation that the funds have been transferred or received, making it an important record for international transactions.

For Indian exporters, agencies, consultants, and freelancers, this receipt is a record of all payments made from outside the country. This becomes very important in international and B2B transactions where it completes the payment cycle for easy reconciliation.

A typical remittance receipt will include things like:

A lot of people mix up a remittance receipt with remittance advice, but they're not the same thing.

The remittance advice is something sent by the payer before sending the payment. The remittance receipt, on the other hand, can only be generated once the amount has already been paid. Even if your client sends you the remittance advice, there may be delays in payments due to a lack of funds, bank procedures, and wrong account numbers. The receipt, verified with the bank statement, confirms that money has been received.

<a></a>What is the Importance of a Remittance Receipt?

A remittance receipt matters because it confirms that funds have actually been received, letting the payer match payments to invoices and keep clean accounting records, and letting the payee reconcile accounts, track unpaid invoices, and maintain documentation for GST and income tax filing. It is not just another paper in your files. It helps both parties keep track of their payments and prevents misunderstandings.

After making an international payment, the payer needs confirmation that the funds have reached the recipient.

A remittance receipt provides that confirmation and helps the finance team:

Instead of following up through emails, the payer has a document confirming that the transaction has been completed.

<a></a>For the Payee (Indian Exporters and Freelancers)

For Indian businesses and freelancers, a remittance receipt plays an even bigger role.

It is a popular misconception among many freelancers that having remittance advice from the client is enough to confirm payment.

Related read:<a href="https://www.skydo.com/blog/inward-remittance-in-india"> Inward Remittance in India</a>

<a></a>What Information Does a Remittance Receipt Contain?

A remittance receipt contains the sender's and recipient's details, the transaction date, the amount received, the exchange rate, transaction fees, invoice numbers, the payment method, a transaction reference number, and a description of the goods or services. The format may vary from one bank or payment provider to another, but the same core set of information appears on all of them.

For Indian exporters, the <a href="https://www.skydo.com/blog/rbi_purpose_code_for_inward_remittance">purpose code</a> is another important field because it helps classify the inward remittance correctly.

A well-prepared remittance receipt is easy to understand because the information is organised into clear sections.

This covers the document title, receipt number, and the date the receipt was issued.

Information about the recipient is provided in this section and includes business name, address, and account Information.

The final section includes all the information related to the payment, such as:

If there is one payment for several invoices, then all the invoices must be mentioned separately. This makes it easier for both parties to reconcile their records later.

It is essential to label the sender's bank, transaction reference number, purpose code, exchange rate, INR equivalent, Foreign Inward Remittance Certificate (FIRC) number, and invoice numbers.

<a></a>Remittance Receipt vs Remittance Advice: Key Differences

The key difference is timing and direction: a remittance advice is sent by the payer before or during payment to notify the recipient that funds are on the way, while a remittance receipt is issued after the payment lands to confirm the funds were actually credited. Advice signals intent; the receipt is the proof. Since both documents play a role in payment processing but arrive at different points, it is vital to tell them apart.

Another key consideration is not confusing a remittance receipt with an FIRC. The remittance receipt simply indicates that the transaction was indeed carried out and the payment has been accepted, while an FIRC document is issued by an authorised dealer or bank. Both documents serve different purposes and may be required at different stages.

If you deal with international payments on a regular basis, dealing with all the paperwork manually can be cumbersome. With <a href="https://www.skydo.com/">Skydo</a>, you will receive an automatic remittance advice document containing all the important transaction information.

<a></a>How to Create a Remittance Receipt in India?

Making a remittance receipt will be easy if you have all the payment information. For instance, if you are a freelancer, exporter, or business receiving payments from overseas, you should have an organised receipt for record-keeping purposes.

A complete remittance receipt should include:

After getting all these details, you are now ready to create the receipt using an accounting software, a remittance receipt template, or the receipt produced by your payment provider.

Before issuing the receipt, double-check that:

If your payment provider automatically generates a remittance receipt, always verify the purpose code before using it for compliance.

Related read:<a href="https://www.skydo.com/blog/how-do-you-receive-a-foreign-remittance-in-a-savings-account"> How Do You Receive a Foreign Remittance in a Savings Account</a>

<a></a>Errors in Generating Remittance Receipts and How to Fix Them

The most common remittance receipt errors are an incorrect invoice number, an incorrect payment amount, missing currency details, unexplained deductions, an incorrect payment date, duplicate receipts, and incorrect recipient details. Each is fixed by cross-checking the receipt against the original transaction before issuing it. Here's what to watch for and how to avoid each one.

Receiving international payments should be simple, not paperwork-heavy.

Skydo helps Indian exporters, freelancers, agencies, and businesses receive overseas payments while reducing the effort involved in managing payment documents.

With <a href="https://www.skydo.com/">Skydo</a>, you get:

Instead of manually creating documents for every payment, you can focus on running your business while Skydo takes care of the paperwork.

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Export factoring is a financial arrangement where an exporter sells their unpaid invoices to a third-party financial institution called a factor. This arrangement allows the exporter to receive immediate cash at a discount. Because the exporter sells the invoice at a discount, the factor earns a profit when the buyer eventually pays the full amount.

Most times, the factor provides an advance of 80% to 90% of the invoice value within one to two working days. The factor releases the remaining 10% to 20%‌ after the buyer pays, deducting their interest and service fees.

For many Indian businesses, factoring is an alternative to traditional bank loans. Because it is the sale of an asset, it does not require fixed collateral like property or equipment. The security for the factor is the creditworthiness of the foreign buyer and the validity of the invoice itself.

Exporters who operate on payment cycles of 60 to 180 days find this particularly useful. It ensures they have the funds to pay for raw materials, labor, and shipping for their next set of orders without being blocked by unpaid invoices.

The main types of export factoring are recourse factoring, non-recourse factoring, discount (advance) factoring, collection factoring, the two-factor system (cross-border factoring), and domestic factoring. Which one applies depends on two things: who carries the credit risk and how the operational workflow is managed. Here's a closer look at each:

The process of export factoring begins even before you ship the goods. The factor must first approve your buyer's credit limit. Once that’s done, you sign an agreement with the factor, and the rest of the process follows in a sequence.

Besides your financial history; factors also check the buyer's credit profile. If a buyer has a history of late payments or weak financials, the factor may reject invoices related to that specific client, even if your business is performing well.

The documentation required for each submission includes <a href="https://www.skydo.com/blog/what-is-export-invoice">export invoice</a>, the bill of lading or airway bill, a packing list, and proof of delivery. In some cases, the factor may also require buyer credit insurance documents.

What Are the Benefits of Export Factoring?

The benefits of export factoring are immediate access to working capital, no collateral requirement, built-in credit protection through non-recourse arrangements, the flexibility to offer competitive payment terms, and outsourced collections. Here's how each one helps:

The main risks of export factoring are its high cost, the possibility of invoice rejection, chargebacks under recourse arrangements, loss of control over how buyers are chased for collection, and strict eligibility requirements. Weigh these before deciding if factoring is the right option for your business:

How Much Does Export Factoring Actually Cost in India?

Export factoring cost in India is split into two main parts: the discount fee and the service fee.

The discount fee is the interest charged on the money advanced to you. It ranges from 1% to 3% per month; annually, that’s 10% to 24%, which is higher than a standard business loan. This rate depends on the buyer's country risk and the length of the credit period.

The service fee (or management fee) covers the cost of credit checks, ledger handling, and collection services. This fee is between 0.5% and 1.5% of the total invoice value. If you choose non-recourse factoring, this fee will be on the higher end because it includes the cost of credit protection.

<a></a>The government policy provides relief to ‌Indian MSMEs. Registered MSMEs may be eligible for a 2.75% interest subvention on export factoring costs through specific trade schemes. Worked Cost Example of Export Factoring in India

On a $5,000 invoice with a 60-day payment term, the factoring costs might look like this:

In this scenario, the exporter receives $4,000 immediately and $750 later (the $1,000 reserve minus the $250 fee). Over 12 such invoices in a year, the total cost would be approximately $3,000.

Export Factoring vs Forfaiting: Key Differences

New exporters often get confused between factoring and forfaiting. First, they sound similar, and second, they are involved in selling receivables. But they serve different purposes.

Export factoring is for short-term trade cycles, typically up to 180 days. There is an ongoing relationship where the factor manages multiple invoices on a revolving basis. Factoring is best for standard goods and services.

Forfaiting is used for medium-to-long-term receivables, ranging from 1 to 7 years. It involves a single, large transaction for capital goods or major projects. Unlike factoring, forfaiting is always non-recourse, meaning the forfaiter takes all the risk backed by a bank guarantee or a promissory note.

You can understand it this way: Factoring is a service package that includes collections and credit assessment, and forfaiting is a financing instrument where the forfaiter buys the debt and has no further involvement in your business operations or collection services.

You can read more about the difference between <a href="https://www.skydo.com/blog/factoring-vs-forfaiting-difference">factoring and forfaiting</a> here.

How Can Skydo Help Indian Exporters Collect Payments?

Export factoring solves the working capital liquidity issue for many exporters. But for service exporters and small businesses, the issue is mostly with the cost and complexity of receiving international payments in India. Most of their clients pay between 15 to 30 days, and they’re more interested in getting the money quickly and cheaply instead of invoice financing.

If you’re one of those businesses, Skydo could be the right payment partner. Skydo is an RBI-authorized cross-border payment aggregator. You can receive international payments in free virtual accounts in six major currencies: USD, EUR, SGD, AUD, CAD, and GBP. You can get started in less than 15 minutes; there are no subscription fees because you only pay as you receive payments.

Here is the flat-fee based pricing of Skydo:

We can do the math by going back to the $5000 payment example. Export factoring costs $250 for each payment. If you receive the same payment with Skydo, you only pay $29; saving $221 on each payment.

Skydo also provides free FIRA on every payment, so that you don’t have to follow up with your bank and can easily stay compliant with the RBI norms. <br><br>

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What Is an Authorized Dealer (AD) Bank in Export?

An Authorized Dealer (AD) Category I bank is a bank licensed by the Reserve Bank of India (RBI) under FEMA to deal in foreign exchange. Every inward remittance from an international client must be received and processed through one.

For an Indian exporter, whether a goods exporter, a software agency, or a freelancer, the AD bank is the mandatory gateway. All foreign payments are credited, converted to INR, and reported to RBI through it.

Say a Pune-based IT services firm invoices a UK client £5,000. That payment cannot simply arrive in any bank account. It must flow into an account held at an RBI-authorized AD Category I bank, which then processes the conversion and files the required regulatory reports on the firm's behalf.

Why Does Your AD Bank Choice Matter More Than You Think?

Your AD bank choice matters more than most exporters realize because it directly controls three things that affect your bottom line every time a payment arrives: how much of the payment you actually receive, how quickly it settles, and whether your compliance documents are ready on time.

A salary account comes down to the interest rate. An AD bank is a recurring operational decision: every single export payment runs through it, so any inefficiency compounds over time.

What Are the Biggest Mistakes When Choosing an AD Bank?

The biggest mistakes when choosing an AD bank are defaulting to the bank where your salary or business account already sits, ignoring FIRC turnaround time, overlooking the conversion spread versus flat-fee difference, not checking whether the bank supports service exporters specifically, ignoring digital tracking capabilities, skipping a support quality check, and not asking about purpose code flexibility.

Mistake 1: Defaulting to Your Existing Bank Without Checking Export Suitability

Many exporters open their export current account at whichever bank they already use for daily operations. They never verify whether that branch or bank actively handles inward remittances and export documentation.

A bank well suited to a goods exporter, with LC handling, ECGC integration, and shipping bill linkage, may be poorly configured for a service exporter. A service exporter needs purpose code flexibility and fast FIRC issuance instead.

If you're an IT firm, agency, or freelancer, ask: "Do you support purpose code PP0014 (software services) and can I choose the correct code at the time of remittance receipt?" If the RM cannot answer this, that is a signal.

Mistake 2: Not Asking About FIRC Issuance Time

FIRC issuance timelines vary significantly across banks. Some issue within 1–2 working days, others take 1–2 weeks, and some require you to follow up manually every time.

A delayed FIRC directly delays GST refund claims. Exporters on LUT need FIRC to complete their refund documentation, and the refund cycle cannot close without it.

Before finalizing an AD bank, ask explicitly: "How many working days after the payment credits to my account will I receive the FIRC?" Get this in writing if possible.

Mistake 3: Treating Conversion Spread as a Fixed Cost

Most exporters compare banks on <a href="https://www.skydo.com/blog/international-bank-transfer-fees-freelancers-india">processing fees</a> but ignore the conversion spread. That spread is the gap between the mid-market rate and the rate the bank actually credits to your account.

At a 2% spread on a $5,000 receipt, you lose approximately ₹8,000–₹9,000 per transaction purely on conversion, with nothing shown as a fee on the statement.

With a spread, the cost is built into the rate and <a href="https://www.skydo.com/blog/intermediary-bank-meaning-and-hidden-fees">nothing appears as a fee</a> on the statement. Some modern payment platforms, like Skydo, use a flat fee model in place of a spread. With a flat fee, the cost is predictable, and it's typically lower for mid-to-large ticket payments.

Mistake 4: Ignoring Digital Tracking Capabilities

Banks that rely on RM calls and SWIFT copy submission for status updates create manual bottlenecks. Without calling someone, you cannot tell when a payment has arrived, is held up in compliance checks, or has been returned. That delays rectification when something goes wrong.

Mistake 5: Not Checking Support Responsiveness

Export payments can get stuck at any point: AML checks, purpose code mismatch, FEMA documentation queries. If your bank's forex support is routed through a national helpline or has a 48-hour response SLA, a stuck payment can cost you days of settlement delay. Ask specifically about the forex/trade finance support contact and turnaround before signing up.

Mistake 6: Not Asking About Purpose Code Flexibility

Purpose codes are RBI-defined codes that categorize what kind of export payment is being received (goods vs. services, and sub-types within each). If your AD bank auto-assigns purpose codes or does not let you choose at remittance stage, a wrong code can trigger EDPMS mismatches and compliance notices.

What Should You Check Before Finalising an AD Bank?

Before finalizing an AD bank, check six things: FIRC issuance time, digital payment tracking, conversion spread disclosure, purpose code support, minimum balance and fee structure, and support responsiveness for forex queries.

Use this checklist as a quick reference during bank evaluation meetings. It is a set of questions to ask and not a ranking of specific banks.

Weigh the criteria against your own transaction profile, because the priorities differ:

What Happens If You Need to Switch Your AD Bank?

Switching your AD bank is operationally costly and time-consuming, and it takes more than closing an account. The AD Code registered at customs and with DGFT is tied to your current bank, and changing it triggers a multi-step update process that can temporarily stall incoming payments.

An exporter who picks the wrong AD bank initially and decides to switch six months in may face 4–8 weeks of disruption to their payment receipt cycle. That makes the time you spend evaluating banks up front worth it.

How Does Skydo Work Alongside Your AD Bank?

Choosing the right AD bank still leaves the problems that come with every payment: FIRC that can take days or weeks, conversion spreads of 0.5%–3% with no upfront disclosure, status checks that mean chasing RMs and SWIFT copies, and compliance paperwork to close out afterward.

<a href="https://www.skydo.com/">Skydo</a> works alongside your existing AD bank and does not replace it. Skydo is a cross-border payment aggregator that handles the payment receipt layer, giving Indian exporters the speed, transparency, and documentation that AD banks typically lack.

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Which Banks Offer the Best EEFC Account in India?

SBI, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra are the banks compared in this article for an <a href="https://www.skydo.com/blog/eefc_account_overview_full_form_meaning_eligibility_benefits">Exchange Earners' Foreign Currency (EEFC) account</a>. An EEFC account is a current account held in foreign currency, opened with an authorized dealer in India, that lets exporters and foreign-exchange earners retain a portion of their inward remittances in the original currency instead of converting immediately to INR.

Indian freelancers and service exporters mainly use it to park foreign currency received from overseas clients temporarily and avoid an immediate forced conversion. They can then use those funds later to pay foreign invoices or import-related expenses.

Say a Bengaluru-based UX designer receives $3,000 from a US client. Instead of the bank converting it to INR the same day, the EEFC account holds it in USD for up to 180 days, giving the designer flexibility on when to convert.

What Should You Look for When Choosing the Best Bank for an EEFC Account?

The best bank for an EEFC account in India depends on five practical criteria: the currencies it supports, its conversion charges, whether it issues a Foreign Inward Remittance Certificate (FIRC) or Foreign Inward Remittance Advice (FIRA), how much you depend on a relationship manager (RM), and setup time.

Here is how the five banks compare on currencies supported, setup process, FIRC availability and RM dependency.

What Are the Key Rules and RBI Compliance Requirements for EEFC Accounts?

The key RBI rules for EEFC accounts are a 100% foreign exchange credit cap on eligible inflows, a mandatory conversion requirement within 180 days, a prohibition on interest earnings, and restrictions on permissible uses of the balance.

What Are the Real Benefits and Hidden Limitations of an EEFC Account?

The real benefits of an EEFC account are timing flexibility on currency conversion, reduced immediate conversion losses when rates are unfavorable, and the ability to use foreign currency balances to pay overseas vendors directly. The hidden limitations are zero interest, the bank's conversion spread at exit, RM-dependent operations, a hard 180-day deadline, and poor fit for freelancers who convert everything to INR right away.

How Does Skydo Help Freelancers Skip the EEFC Account Overhead?

An <a href="https://www.skydo.com/blog/eefc-account-vs-payment-platforms">EEFC account</a> puts a 180-day conversion deadline on your balance, applies a bank spread that is rarely disclosed upfront, and at many banks involves RM calls and manual paperwork.

<a href="https://www.skydo.com/">Skydo</a> helps freelancers skip that overhead by giving them free <a href="https://www.skydo.com/blog/virtual-accounts-vs-local-banks">virtual foreign-currency accounts</a> in USD, EUR, GBP, SGD, AUD, and CAD. You pay a fee per transaction, FIRA certificates are issued automatically, and there is zero RM dependency. Setup takes 10 to 15 minutes.

FIRA, the equivalent of FIRC, is issued automatically for every transaction on Skydo at no extra cost. If you need it for GST compliance and export documentation, it removes a common friction point.

Skydo is designed for Indian exporters (goods and services), freelancers with proper documentation, and Amazon sellers receiving payments from international clients.