Quick Snapshot

• Razorpay works well for occasional USD/EUR sales, but FX spreads + GST on fees can eat 7–8 % of your payout.

• xPay is purpose-built for exports: ~3–4 % all-in, lowest FX markup, instant FIRC, 92 %+ success.

• Use Razorpay for domestic ops, switch to xPay when global revenue matters.

Two Global Payment Options for Indian Exporters

Razorpay

• A well-known Indian PG that supports international payments.

• It accepts international cards but settles only in INR.

• Fees: 3 % + 18 % GST.

• Manual digital FIRC next day.

xPay

• xPay is an Indian Payment Gateway specifically built for collecting international payments.

• Transparent FX (live mid-market rates, zero markup).

• Auto-FIRC, VAT/GST automation abroad, and 45+ payment methods.

Fee & Forex Showdown

💡 On a $100K month, you’ll likely save ₹4-5+ Lakhs with xPay.

Payout Speed & Currency Control

Razorpay

• T+1 INR settlement

• No ability to hold or convert to USD/EUR

• FX spread not shown to merchants

xPay

• T+1 payout to INR

• FX fully visible on the dashboard

• Zero spread = more transparency, more margin

Compliance & Tax: FIRC, GST, 15CA/CB

Razorpay

• Manual digital FIRC

• Exporters still need LUT & file for zero-rated GST

xPay

• Automatic Instant FIRC with purpose-code tagging

• Handles overseas VAT/Sales Tax

• Avoids TDS on cross-border service fees

Checkout UX & Success Rate

Razorpay

• Card-first with optional PayPal redirect

• Limited alternative methods for global buyers

• 60 % success on foreign cards

xPay

• 45+ global/local methods (Apple Pay, Klarna, Affirm, wallets)

• 92 %+ success via No-OTP checkout

• Multicurrency pricing, brandable UI → more trust & conversion

Who Should Use What?

Use Razorpay if…

• 80–90 % of revenue is in INR

• You need UPI + cards in one dashboard

• Global payments are infrequent or under $1K/month

Switch to xPay when…

• Global GMV is growing ($10K+/month)

• You’re in SaaS, EdTech, Spiritual, or Consumer business

• You want better margins, full FX visibility & export compliance built-in

FAQ's

Is Razorpay good for international payments from India?

Razorpay works for occasional USD or EUR sales, but it settles only in INR and includes FX spread that can significantly reduce payout.

For exporters doing meaningful global revenue, the effective cost can reach 7–8%.

xPay is built specifically for international collections with lower all-in cost, transparent FX, and export compliance built in.

How much can I save switching from Razorpay to xPay?

Between lower processing fees and reduced FX impact, exporters typically save ₹4–5+ lakhs per $100K monthly revenue.

xPay offers:

• 50–90% lower effective processing cost

• 50–90% lower forex impact

• No hidden PayPal surcharges

For SaaS and digital businesses, that difference directly improves margin.

Does Razorpay show forex markup to merchants?

No. Razorpay settles international payments in INR, and the FX spread is not fully visible in the dashboard.

xPay shows live mid-market rates with zero markup and full FX transparency, so merchants know exactly what they are receiving.

Which payment gateway gives instant FIRC for export payments?

Razorpay provides manual digital FIRC.

xPay provides automatic instant FIRC with correct purpose-code tagging, simplifying GST filing, LUT compliance, and export documentation.

When should I switch from Razorpay to xPay?

Stay on Razorpay if:

• 80–90% of revenue is domestic

• Global sales are under $1K per month

Switch to xPay when:

• Global GMV crosses $10K+ per month

• You are in SaaS, EdTech, Spiritual, or consumer exports

• You want lower FX impact, better approval rates, and built-in export compliance

When global revenue starts to matter, payment infrastructure directly affects profitability.