International Bank Transfer (MoneySaver Export Account)
Accept international payments through local currency bank accounts with Razorpay's International Bank Transfer. Open virtual accounts in US, UK, Europe, Australia, Canada and more to receive payments via ACH, FPS, SEPA, NPP, EFT, SWIFT and more.
International Bank Transfer enables Indian businesses to accept international payments through local currency bank accounts without the complexity of opening foreign bank accounts. Your international buyers can pay you using familiar local payment methods like ACH, FPS, SEPA and SWIFT, whilst you receive settlements directly in your Indian bank account in INR.
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Competitive Pricing
International bank tranfers cost only 1% with Zero Forex Markup vs traditional banks and other fintech platforms. -
Faster Settlement TAT
Receive your payments within 1 business day of the payment being captured vs traditional bank transfer that takes 5-7 business days. -
Complete Compliance
Receive your FIRC within minutes of the amount being credited to your INR account; built-in invoice management and buyer detail collection to ensure RBI and partner compliance. -
Hassle-free setup
Opening bank accounts in foreign countries typically requires extensive paperwork and physical presence. Razorpay offers a real-time, completely digital solution to activate foreign currency accounts across different geographies. -
Multi-currency support
Accept payments in 30+ currencies through USD, GBP and EUR virtual accounts, with support for ACH, FPS, SEPA and SWIFT transfers. -
Easy platform integration
Seamlessly connect your virtual accounts to Amazon Seller Central, Upwork, Deel and other marketplaces or freelancing platforms. -
Higher success rates
International card payments often fail due to fraud checks and risk validations. Bank transfers have significantly higher success rates, improving your conversion. -
No chargebacks
Bank transfers are authorised payments that cannot be reversed through chargebacks, protecting you from fraudulent disputes and providing better cash flow predictability.
- Activate International Bank Transfer.
- New Razorpay user: Sign up for an .
- Existing Razorpay user: Log in to the Dashboard. Navigate to Account & Settings → International payments (under Payment methods) → International bank transfers and click Activate.
- Receive virtual bank account details for USD, GBP, EUR, AUD, CAD, SWIFT and more.
- Share these account details with your international buyers.
- Accept payments when buyers transfer money using local payment methods.
- Upload invoices and buyer details for each transaction (not required for Amazon, Upwork and Freelancer platform transactions).
- Track payments through detailed timelines on your dashboard.
- Receive settlements in INR in your Indian bank account.
International Bank Transfer supports the following payment methods:
International Bank Transfer is ideal for:
- Freelancers and consultants providing services to international clients.
- SaaS companies selling software subscriptions globally.
- IT services providers working with overseas customers.
- Ecommerce sellers on Amazon, eBay, or their own websites.
- B2B exporters selling physical goods internationally.
- Digital content creators monetising international audiences.
- Professional services firms offering consulting, legal or accounting services globally.
Before activating International Bank Transfer, ensure you meet the following requirements:
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Active Razorpay account with KYC verification completed.
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PAN details of your business provided during onboarding.
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You must be an Indian business that falls under one of the following export purpose codes to use MoneySaver Export Account:
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You should have international payment via Payment Link enabled on your account if you want to receive payment from customers in foreign currency, such as USD. The money will be settled in your Indian current account in INR. Know
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The activation process differs based on whether you are a new or existing Razorpay user.
If you are new user, you will need to complete the following steps displayed on the onboarding screens to activate international payment methods.
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- On the onboarding screen, select Outside India (International) and click Start Onboarding.
- Fill up the following details to complete the onboarding:
- Basic Details:
- Name (Business or Individual).
- Phone number.
- Email address.
- Payment channels you want to enable.
- Business Details:
- Type of business: Individual, Sole Proprietorship, Partnership, Private Limited, Public Limited, LLP, NGO and so on.
- Personal PAN (for individuals) or Business PAN.
- Business Documents:
- GSTIN certificate (if GST registered).
- Udyam registration certificate (for MSMEs).
- Complete your KYC:
- Business address with proof.
- Authorised signatory details.
- Complete video KYC:
- Requires Aadhaar and PAN card.
- Live video verification with Razorpay agent.
- Takes approximately 3-4 minutes.
- Basic Details:
- Follow the on-screen instructions to provide any additional details or documentation required for activation.
If you are an existing Razorpay user, to activate Local Currency Bank Transfer payment method, follow the steps given below:
- Log in to the Dashboard.
- Navigate to Account & Settings → International payments (under Payment methods).
- In the Local Currency Bank Transfer section, under the International bank transfers tab, click Activate.
- On the Purpose code page, select the correct purpose code from the list and click Continue.
- On the Importer - Exporter code page:
- If you have an IE code, select Yes. Enter the 10-digit IE code and select I agree to the Terms and Conditions. Click Continue.
- If the IE code does not apply to you, select No, because it is not applicable for me and click Continue.
- If you do not have an IE code but want to apply, select No, but I want to apply for it, and click Apply now.
- On the Video KYC page, select Yes, I am Gaurav Kumar, and click Start Video KYC to proceed with the video KYC.
- Your request submitted successfully, click Okay, got it.
After the International Bank Transfer account is activated, you can access your dashboard:
If you are using only International Bank Transfer: You will automatically land on the International Bank Transfer homepage when you log in with all the international payment tools.
If you are using multiple Razorpay products:
- Log in to the Dashboard.
- On the left navigation, click Intl Bank Transfer.
- You will land on the dashboard homepage with all the international payment tools.
Dashboard homepage is organised into key sections:
At the top of your homepage, you will see cards for all your virtual bank accounts:
- USD Account (ACH)
- GBP Account (FPS)
- EUR Account (SEPA)
- SWIFT Account
- SGD, AED, AUD, CHF, DKK, SEK and CAD Accounts (Coming soon)
There are two ways to share your virtual account details with customers, depending on your preference and their requirements.
This is the quickest method when you want to share details via your own email, WhatsApp or other messaging platforms.
- On your dashboard homepage or International Bank Accounts page, locate the account you want to share.
- On account card. Click Copy.
- Account details are copied to your clipboard. Paste the details into your email, WhatsApp message or other messaging platforms.
Use the built-in email sharing feature to share the account details.
- On your dashboard homepage or International Bank Accounts page, locate the account you want to share.
- On account card. Click Share.
- Add Client details:
- In the Client name field, enter your client's full name.
- In the Send to field, enter your client's email address.
- (Optional) Click + Add CC if you want to copy additional email addresses.
- Click Send Email.
Below the virtual accounts section, you will see the most recent payment transactions:
- Payment id and date.
- Amount in original currency.
- Payment status (Captured, Authorised, Failed).
- Amount saved compared to traditional methods.
- + Add Details button for transactions requiring invoice upload.
The dashboard includes comprehensive video guide to help you get started quickly:
- Getting Started with MoneySaver Export Account.
- Accepting Your First Payment.
- Adding Invoices & Client Details.
- Tracking Payments.
- Managing Marketplace Payouts.
- Connecting to Freelancer Platforms.
The Savings Calculator on the dashboard shows how much you can save using Razorpay International Bank Transfer compared to traditional banks and other platforms.
Located on the dashboard homepage, the calculator helps you understand potential savings:
How to Use:
- Use the slider to set your monthly payment volume.
- View real-time comparison across three options:
- Razorpay: Amount you receive (with zero FX markup).
- Fintech Platforms: Amount after fees.
- Traditional Banks: Amount after bank charges.
What It Shows:
- Exact amount you will receive in INR with each option.
- Your savings compared to alternatives.
- Annual savings projection.
Example: For $10,000 monthly payments:
- Razorpay: ₹8,77,700 (Zero FX markup, Free FIRC)
- Fintech Platforms: ₹8,21,599 (₹66,101 less)
- Banks: ₹8,80,642 (₹7,706 less)
Handy Tips
The calculator uses current exchange rates and actual fee structures for accurate comparisons. Check regularly to see your savings.
If you are selling on Ecommerce marketplaces or offering services on freelancing platforms, you can connect your Razorpay International Bank Transfer to receive payments directly from these platforms.
International Bank Transfer integrates with:
- Amazon.us (United States) - USD
- Amazon.co.uk (United Kingdom) - GBP
- Amazon EU (European Union) - EUR
- Amazon.com.au (Australia) - AUD
- Amazon DK (Denmark) - DKK
- SWIFT-based Marketplaces - Multiple currencies
- Amazon.ca (Canada) - CAD (Coming soon)
- Amazon.ae (United Arab Emirates) - AED (Coming soon)
- Amazon CH (Switzerland) - CHF (Coming soon)
- Amazon.se (Sweden) - SEK (Coming soon)
International Bank Transfer does not support the following MCCs because of compliance reasons.
In addition to the above categories, International Bank Transfer does not support businesses in the prohibited industries mentioned in
.1. I have customers spread across the US, UK and Europe. I want to offer our customers a cheaper, more reliable, and better payment experience. Can I collect payments in USD, GBP or EUR currency?
Yes, you can offer services to your international customers from the US and other countries by providing them with a local currency bank account, and they can pay in their respective currencies.
2. How can I transfer money from the local currency bank accounts to my current account with an Indian bank?
The money is settled in your current account in INR currency by Razorpay after deducting the appropriate charges.
3. Can I keep funds in these local currency accounts for a month or more for other payouts in foreign currency?
No, you cannot hold the funds in the local currency accounts.
Yes. You must provide invoices for all the transactions accepted via MoneySaver account. Airway bill is mandatory for the export of physical goods. Our banking partners require this for audit purposes as mandated by RBI. The settlement will not be initiated without a valid invoice copy, airway bill (in case of delivery of physical goods) and buyer's address details.
You should
Yes. You must provide the buyer's address details and invoices for all the transactions accepted via a MoneySaver account. You should
on the Dashboard to enable Razorpay to settle funds to the Indian bank account.An invoice or airway bill (in case of delivery of physical goods) is mandatory for export transactions. You may
to your Dashboard. The payment is settled once you share a valid invoice.Please refer to the pricing details mentioned
.The settlement cycle is T+1 from the time the invoice is captured or invoice details are shared against a payment.
Yes, we support INR settlements to your current account in India and non-INR settlements to your EEFC account.
FIRS will be sent to your contact email within 24 hours after settlement.
Disputes do not apply to these transactions as they are push transactions.
No, refunds are not supported for these transactions.
The payment flow is given below:
- The customer receives your virtual bank account details shared by you via email, WhatsApp or invoice.
- The customer adds your virtual bank account details as a beneficiary in their bank account or online banking portal.
- The customer initiates a local bank transfer to your account using their preferred payment method.
- The payment amount reflects on your Razorpay dashboard within a few hours of the customer initiating the transfer.
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