Pratyush Jha 

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International payment terms are agreed conditions between an exporter and importer that define how and when payment will be made for a cross-border transaction. They set expectations around when the buyer pays, how the payment is made, and which party carries more payment risk.

International payment terms are important because international trade involves physical distance between the parties, different legal systems across countries, and currency risk. These factors can make recovering payment more difficult than in a domestic sale.

The choice of international payment terms is not fixed. The exporter and importer negotiate the terms based on their relationship, bargaining position, and level of trust, so the final arrangement typically favours one side more than the other.

For an Indian exporter, the payment term chosen directly affects four key areas:

The RBI plays an oversight role in international payments by setting foreign-exchange rules that affect export transactions, monitoring foreign-exchange inflows, and regulating aspects of export financing and repatriation.

For a broader explanation, see our guide to<a href="https://www.skydo.com/blog/what-are-cross-border-payments-and-how-skydo-can-help-you-receive-them"> cross-border payments and how Skydo can help you receive them</a>.

What Are the Types of International Payment Terms?

The main types of international payment terms are Cash in Advance, Letter of Credit (LC), Documentary Collection (DP and DA), Open Account, and Consignment. These terms determine when the exporter gets paid and how much payment risk each party takes. Generally, terms that give an exporter greater payment security require the buyer to take on more risk or commit funds earlier.

With Cash in Advance, the buyer pays the exporter before the goods are shipped or services are delivered. This gives the exporter the strongest protection against non-payment because the payment is received before fulfilling the order.

Payment can be made through methods such as an international wire transfer (TT) or, where accepted, a card payment. The buyer may be reluctant to pay the full amount upfront, particularly when alternatives are available, so exporters may negotiate a partial advance instead.

Best suited for: New buyer relationships, smaller transactions, or buyers in higher-risk markets.

A Letter of Credit (LC) is a commitment from the importer's bank to pay the exporter when the exporter presents documents that comply with the LC's specified terms and conditions. For goods exports, these may include documents such as a Bill of Lading and commercial invoice.

The importer requests the LC through its bank and pays the applicable banking charges. The exporter gets greater payment protection because the bank's payment obligation is separate from the buyer's willingness to pay, provided the exporter meets the LC requirements. The buyer also receives protection because payment depends on the presentation of compliant documents.

Best suited for: Because LCs involve bank fees, document checks, and a more involved process, they are generally more suitable for medium-to-high-value physical goods transactions than routine, low-value service payments.

Documentary collection is a payment method in which banks facilitate the exchange of shipping and commercial documents between the exporter and importer. Unlike an LC, the banks do not provide a payment guarantee.

DP provides greater payment protection to the exporter, while DA is more favourable to the buyer and is generally used where the parties have an established relationship.

Under Open Account terms, the exporter ships the goods before receiving payment. The buyer then pays according to the agreed credit period, commonly 30, 60, or 90 days after shipment.

This arrangement is convenient for the buyer but exposes the exporter to greater payment risk because the goods have already been dispatched. It is therefore generally used with repeat buyers whose payment history the exporter knows and trusts.

Under Consignment, the exporter sends goods to an overseas distributor while retaining ownership until the goods are sold to the distributor's customers. The exporter receives payment after those sales take place.

This gives the distributor an opportunity to sell without committing capital upfront, but it leaves the exporter exposed to slow sales, delayed payment, and unsold inventory. It is therefore one of the highest-risk payment arrangements for exporters.

Consignment is typically used when an exporter is trying to establish a presence in a new market through local distributors and is willing to take on greater commercial risk in exchange for easier market access.

For more details, see<a href="https://www.skydo.com/blog/lc-payment-meaning-process"> LC payment: meaning and process</a> and<a href="https://www.skydo.com/blog/payment-terms-in-export"> payment terms in export</a>.

Once you have agreed on the payment terms, you also need a reliable way to receive and settle the funds. Skydo lets Indian exporters receive payments through local virtual accounts in USD, GBP, EUR, SGD, AUD, and CAD, with transparent flat fees and automatic FIRA generation.

Which International Payment Terms Work Best for Service Exporters vs. Goods Exporters?

Service and goods exporters have different risk profiles when choosing international payment terms. A payment method that works for a garment manufacturer may not be suitable for a UX design agency because goods involve physical shipments, while services typically do not.

For goods exporters, Letters of Credit (LCs) and Documents against Payment (D/P) can be effective because physical shipments generate documents such as Bills of Lading. These documents support the documentary process and give banks a basis for checking whether the transaction meets the agreed payment conditions.

For service exporters, LCs are generally less practical because there are no shipping documents involved. The additional banking process may add cost and complexity without providing equivalent protection. Advance payment and milestone-based payments are more suitable alternatives.

Milestone-based payments divide the project fee into agreed instalments linked to specific deliverables. A common structure is 30% upfront and 70% on completion.

Practical Example: A Pune-based UX design agency invoices a UK client for £4,000. The parties agree to a 30% advance of £1,200 before the project begins and 70% of £2,800 after delivery and acceptance of the final files. The contract states: “30% of the total project fee is payable upon signing of this agreement. The remaining 70% is due within 7 business days of final deliverable acceptance.”

Both payments are made through international wire transfer. The agency can obtain the applicable inward-remittance documentation from its bank for export-realisation and compliance records.

Advance and milestone payments also support cash flow because service exporters do not have to wait 30 to 90 days after completing the work to receive payment, as may happen under open-account terms.

For new client relationships, 100% advance payment provides the strongest protection against non-payment. For established clients, a 30/70 or 50/50 structure can offer a reasonable balance between payment security and client flexibility.

The key distinction is that goods exporters can use banking and documentary mechanisms such as LCs and D/P because physical shipments generate supporting documents. Service exporters, in contrast, generally need to manage payment risk through contractual terms and pre-agreed payment schedules.

For more on structuring instalment-based payments, see<a href="https://www.skydo.com/blog/milestone-payment-system"> milestone payment systems</a>. You can also explore<a href="https://www.skydo.com/blog/freelance-payment-methods-india"> freelance payment methods in India</a>.

What RBI Rules Apply to International Payment Terms for Indian Exporters?

The main RBI requirements for international payment terms are that export proceeds are realised within the prescribed 9-month period, inward remittances are reported under the correct RBI purpose code, and exporters maintain the required proof of export realisation. These requirements operate under the foreign-exchange framework established by the Foreign Exchange Management Act (FEMA).

1. Realise export proceeds within 9 months: Export proceeds must generally be realised and repatriated to India within 9 months from the date of export. So, if an exporter agrees to 90-day open-account terms, the buyer should pay within the agreed period and, in any case, within the applicable FEMA timeline unless an extension or exception applies.

2. Use the correct RBI purpose code: Every inward remittance must be classified using the appropriate RBI purpose code, which identifies the nature of the payment, such as merchandise exports or software services. Incorrect transaction details can delay processing while the bank verifies the payment.

3. Maintain proof of inward remittance: Exporters need appropriate documentation to establish receipt of export proceeds:

4. Work through an Authorised Dealer (AD) bank: The exporter's AD bank handles inward remittances, monitors export transactions and carries out the applicable reporting to RBI through systems such as EDPMS.

For more information, see<a href="https://www.skydo.com/receive-international-payments-in-india"> how to receive international payments in India</a>.

How Does Skydo Simplify Receiving International Payments Once Terms Are Set?

Skydo simplifies international payment collection for Indian exporters by providing local-currency virtual accounts, fast INR settlement, and automated export documentation. This means exporters can focus on the payment terms agreed with their buyer while Skydo handles the collection and documentation process.

Skydo can be used by goods and services exporters, eligible freelancers, and sellers receiving proceeds through platforms such as Amazon Global Selling.

For a broader overview, see<a href="https://www.skydo.com/blog/cross-border-payments"> cross-border payments</a>. Amazon sellers can also read<a href="https://www.skydo.com/blog/how-to-receive-payments-from-amazon-global-selling-in-india"> how to receive payments from Amazon Global Selling in India</a>.

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An IBAN, short for International Bank Account Number, is an internationally agreed code of up to 34 letters and numbers used to identify bank accounts across national borders for cross-border electronic payments.

UK — GB29 NWBK 6016 1331 9268 19: GB is the country code, 29 is the check digits, NWBK is the bank code (NatWest), 601613 is the 6-digit branch sort code, and 31926819 is the 8-digit account number.

Anyone sending or receiving money across borders involving IBAN-participating countries needs an IBAN, including people banking in the UK, the EU, the Middle East, and other participating nations. Account holders in non-IBAN countries, including the United States, Australia, China, and India, are not issued IBANs and do not need one.

An IBAN can be up to 34 alphanumeric characters long, and it is always built from five components in a fixed sequence: a country code, a check digit code, a bank identifier code, a branch code, and an account number.

The bank identifier code, branch code, and account number together form the Basic Bank Account Number (BBAN). The format itself is standardised across every IBAN country; only the total length and the BBAN portion vary.

Here is how that structure breaks down for three countries:

You can find your IBAN number through three main routes: your bank statement, your online or mobile banking app, or by contacting your bank directly.

An IBAN being in the correct format does not guarantee it exists or that it belongs to the right account. Always verify it with the recipient or the bank before sending a payment.

If your account is in India, your bank does not issue an IBAN at all. Indian accounts use SWIFT codes and account numbers for international transfers instead, covered in the section on India below.

Each country that uses IBAN has its own format. The underlying structure is always the same, a country code followed by check digits and the BBAN, but the total character length varies by country. The table below lists IBAN examples by country along with SEPA participation status and character length. SEPA, the Single Euro Payments Area, lets member countries send euro transfers between each other with simplified processing.

Why Are IBAN Numbers Important for International Payments?

IBAN numbers matter for international payments for four reasons: they enable automatic error detection, eliminate processing delays, reduce hidden rejection fees, and create a universal standard across diverse global banking systems.

Without an IBAN, where one is required, international transactions can be delayed, rejected, or sent to the wrong recipient.

How Does an IBAN Ensure Secure Transfers?

An IBAN ensures secure transfers through four built-in mechanisms: check digits for mathematical validation, a standardised structure that removes ambiguity, early error detection before funds leave the sender, and reduced manual handling by intermediary banks.

Before IBANs were introduced, international transactions were prone to errors due to inconsistent account number formats across countries. The IBAN system was introduced specifically to solve this.

No, India does not use IBAN numbers. Indian banks, including SBI, HDFC, and ICICI, do not issue or recognise IBANs for any type of account.

Countries like the US, Canada, Australia, and China also do not use IBANs. They rely on routing numbers and SWIFT codes for international payments instead. The IBAN system is used in over 70 countries, primarily across Europe, the Middle East, and parts of Africa and the Caribbean, and India is not part of this system.

What an Indian freelancer or exporter should share with a foreign client instead of an IBAN:

No, an IBAN number is not the same as an IFSC code. They serve different purposes, have different formats, and belong to completely separate banking systems.

IBAN vs SWIFT Code: What Is the Difference?

IBAN and SWIFT code are not the same. They serve different purposes and are not interchangeable, though both are used in international money transfers.

In short, IBAN ensures money reaches the right account, while SWIFT ensures money reaches the right bank.

For Indian recipients, banks use SWIFT codes, not IBAN, for international transfers. A foreign client sending money to India needs your SWIFT code and account number, not an IBAN. Payments to the UK and European Economic Area (EEA) countries, on the other hand, require both an IBAN and a BIC/SWIFT code.

How Does Skydo Help You Receive International Payments?

Once an Indian freelancer or exporter knows they need SWIFT details instead of an IBAN, the next challenge is making sure their bank account is set up to receive international wire transfers smoothly, with the right compliance documentation in place. That is where Skydo fits in.

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An intermediary bank is a financial institution that acts as a middleman in an <a href="https://www.skydo.com/blog/wire-transfer-vs-bank-transfer">international wire transfer</a>, stepping in when the sending bank and the receiving bank have no direct relationship with each other. Its primary role is to bridge the gap between two banks operating in different countries, currencies, or banking networks, so funds can move forward in the transfer chain.

Intermediary banks are most commonly used in SWIFT-based international wire transfers. SWIFT itself does not move money. It is a secure messaging system that sends payment instructions between banks, and funds actually move through intermediary and correspondent banking relationships.

Common examples of banks that act as intermediaries include HSBC, Citibank, Deutsche Bank, Barclays, Bank of America, Wells Fargo, JPMorgan Chase, The Bank of New York Mellon, BNP Paribas, and Standard Chartered, all large global institutions with extensive cross-border networks.

An intermediary bank is required when the sending bank and the receiving bank do not share a direct financial relationship, a situation that applies to the majority of cross-border wire transfers. That happens when the two banks hold no reciprocal account, when a smaller or regional bank lacks international infrastructure, when a currency conversion runs through a third-party hub, or when compliance screening needs a bank equipped to do it.

How Does an Intermediary Bank Work in a SWIFT Transfer?

An intermediary bank works by receiving a SWIFT payment instruction from the sender’s bank, performing compliance checks, deducting its fee, and forwarding the funds to the next bank in the chain until they reach the recipient’s bank.

The full process can take 1 to 5 business days depending on how many intermediaries are involved, the currencies being converted, and the compliance checks required at each stage.

Intermediary Bank vs Correspondent Bank vs Beneficiary Bank: Key Differences

The three banks in a cross-border transfer serve different roles. A correspondent bank provides ongoing foreign banking services for a domestic bank, an intermediary bank is a temporary bridge for a specific transaction when two banks have no direct link, and the beneficiary bank is the final destination holding the recipient’s account.

Correspondent banks manage multiple currencies using nostro (our account with you) and vostro (your account with us) accounts, so they hold and transact in foreign currencies directly. Intermediary banks typically handle a specific currency, commonly USD or EUR, acting as routing points through larger currency-clearing networks.

An intermediary bank is often simply the correspondent bank of the receiving bank, and the two terms are sometimes used interchangeably, particularly when a <a href="https://www.skydo.com/blog/why-do-banks-differ-from-live-fx-rates-in-currency-exchange">currency exchange</a> is involved.

For Indian freelancers and exporters, the key practical difference is predictability. Correspondent banks represent a stable, pre-arranged relationship that tends to produce more predictable fees, while intermediary banks are selected ad hoc and can introduce unexpected deductions.

Intermediary banks charge fees for routing, processing, and compliance services, deducted directly from the transfer amount before it reaches the next bank in the chain, so the recipient receives less than the sender originally sent. Each intermediary bank typically charges USD 15 to USD 30 per transaction, and for less common currencies or complex routing corridors the total can reach USD 50 or more.

Who pays depends on the SWIFT fee instruction the sender selects when initiating the transfer. Three standard options exist:

A US client pays a ₹1,65,000 invoice, approximately USD 2,000 at a sample rate of ₹82.5 per US dollar. The transfer passes through one intermediary bank charging USD 45.

The intermediary deducts USD 45 and forwards USD 1,955 to the Indian bank, which converts it at ₹82.5 and credits approximately ₹1,61,288. That is a shortfall of roughly ₹3,712 from the invoiced amount.

The client paid the full amount. The deduction happened mid-route, entirely outside the control of either party.

Why Do Intermediary Bank Fees Matter for Indian Freelancers and Exporters?

Intermediary bank fees matter because traditional SWIFT wire transfers route money through multiple correspondent banks that deduct USD 15 to USD 30 per hop. Combined with local lifting fees and poor exchange rates, these hidden cuts can erode 3% to 6% of an Indian freelancer’s or exporter’s monthly revenue, delay cash flow, and break accounting reconciliation.

How To Find Intermediary Bank Information for Your Transfer?

You can find intermediary bank information by asking your bank directly, checking with the recipient’s bank, reviewing your previous transfer records, or requesting the MT103 document after the transfer is complete.

You generally do not need to manage intermediary banks yourself. Banks and payment service providers handle these relationships internally, and normally you only need to give your bank the recipient’s account details, SWIFT/BIC code, and beneficiary information. If an intermediary bank is required, you may also need its SWIFT code, and your bank can find it for you.

How Can You Avoid Intermediary Bank Fees on International Payments?

You can avoid intermediary bank fees by choosing payment methods that bypass the SWIFT intermediary chain altogether. If you must use SWIFT, consolidating transfers and selecting a sending bank with a direct correspondent relationship with your Indian bank will bring them down.

How Skydo Eliminates Intermediary Bank Fees for Indian Exporters and Freelancers

You cannot pick which intermediary banks a SWIFT wire passes through, and once one takes its cut, there is no refund mechanism to get it back. Taking the payment off the SWIFT chain removes both problems, and that is how Skydo works.

How much did intermediary bank deductions take out of your payments last quarter? <a href="https://www.skydo.com/">Open a free Skydo account</a> and receive your next USD, EUR, or GBP payment via local rails, with no SWIFT chain and no surprise deductions.

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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.