For a user payment of USD282.89, we have received an INR 19,973.10<p>We have multiple payment gateways on our platform<p>1. PayPal - Accepts most cards. But hefty 10.57% in FEE<p>2. Stripe - Often reject INR Transactions as INR payments require 3D authentication<p>3. RazorPay - Disabled international transactions for 6 months. Forced to link PayPal on Day 1.<p>RazorPay comparatively takes less transaction fee that the other 2. But they don't allow international transactions in the first 6 months.<p>Any suggestions of good payment gateways, for Indian registered company, for International Transactions?
For those interested, the reason places charge high rates on some exchanges is to cover risk. Here [1] is USD versus INR - look over the past year.<p>Look at USD to CAN or GBP or EUR on the same site for comparison.<p>Another factor is liquidity in the markets allowing those doing exchanges to offload unbalanced books efficiently.<p>[1] <a href="https://www.exchangerates.org.uk/USD-INR-exchange-rate-history.html" rel="nofollow">https://www.exchangerates.org.uk/USD-INR-exchange-rate-histo...</a>
Do you only need a payment gateway?<p>I'm in Europe and there is a lot more to accept payments here:<p>You need to ask the customer for their location and then calculate VAT and other tax details depending on where they are.<p>You need to ask for their address and send them an invoice.<p>You need to store all that data and create tax reports from it.<p>I have not started to sell digital goods yet, but I am planning to.<p>Any tips on payment providers who abstract all of that away?<p>I think the payment provider then has to be the one from whom the customer buys the service and your "customer" is the payment provider?<p>I'm surprised there is not a big player who handles this for all online merchants around the world already. It must be a giant business.
I have been there and this situation sucks.<p>I have been testing payments with Stripe, using both an Indian and a US credit card.<p>I have standing instructions on Indian CC and get advance email notifications but it goes through.<p>Don’t even get any notification for US CC, except post payment notification.<p>Experience may vary for larger amounts, as mentioned in the comments here.
Also paypal withdraws everything to your bank account everyday and leaves a $0 balance so you can't process any intl refunds.<p>Payment processing is still very hopeless in India.
Wise.com does really good value international transfers. Usually cheaper than most competitors when considering inflated exchange rates.<p>Not sure if they offer a gateway though, they do have business accounts and an API which might suit your needs