Accept International Payments From Indian Customers
Non-Indian businesses looking to accept payments from Indian customers via Razorpay and get their settlement in a foreign bank account. Check the list of transaction purpose codes and supported currencies.
Razorpay allows foreign (non-Indian) businesses to accept payments from their Indian customers without the need to do any additional paperwork or registration.
Using this solution, your Indian customers can make payments via local payment methods such as credit cards, debit cards, UPI and netbanking. The funds are settled in your overseas bank account.
Once an account is onboarded and activated, update the purpose code in the Razorpay Dashboard.
Wide range of domestic payment methods
Razorpay supports various payment methods:
Net Banking (All Banks)
Card (Mastecard, Visa, Rupay, Diners)
Fast & seamless onboarding
Get started with Razorpay in less than 5 minutes without the need to do any additional paperwork or registration.
Better success rates
With an understanding and depth in the Indian payment space, Razorpay provides better success rates to foreign businesses for accepting payments from Indian customers.
Razorpay offers payment flows (or products) to provide a hassle-free experience with a choice of payment methods for Indian customers and low transaction charges by foreign payment providers.
Multi-currency settlement support
Razorpay supports a range of foreign currencies, including USD, SGD, AUD, CAD, EUR, GBP, HKD, INR and MYR, for transactions originating from India.
Take better business decisions by analysing detailed reports about payments, settlements and refunds.
Customer can initiate payments in their native currency, and payments will be settled in your foreign bank account.
Once the account is activated, navigate to My Account → Profile.
Click Select Code next to the Purpose Code field. A list of Purpose Codes appears. Here is a short video on how to update your Purpose Code/IEC.
You must provide Purpose Code information when applying for international payments. Select a Purpose Code and click Next.
Enter the 10-digit Importer Exporter Code (IEC) and click Next.
Review and click Confirm Purpose Code.
The Razorpay Activation/Operations team checks whether the selected Purpose Code is correct or not.
As consumers or buyers, you will get an option to make payments through the Razorpay payment gateway. On selecting Razorpay, various payment methods will be displayed on Razorpay checkout to complete the payment.
The chargeback will be handled as-is, which means that a dispute is raised between networks/issuing banks and the business, and the chargeback is processed based on the final decision taken by the networks/banks involved.