Stripe offers two different ways to accept international card payments for Indian businesses with varying fee plans. Both approaches allow you to accept payments from customers outside India with a single integration and pay out to your Indian bank account in Indian Rupees (INR). You can choose which currency option best suits your business needs:
Mainly domestic: If most of your customers are in India, with some international customers, consider charging primarily in INR.
Mainly international: If most of your customers are outside India, with some customers based in India, consider localizing your presentment currency.
|Mainly domestic||Mainly international|
|Presentment currency||INR—end customers will see INR charges on statements||135+ currencies supported (Visa and Mastercard, USD on American Express)|
|Settlement to an Indian bank account||Supported in INR only||Supported in INR and USD|
|Additional documentation for exporters||None||• Purpose codes and Importer Exporter code required
• Payment Advice with all details of foreign inward remittance provided
|Processing fees||3% per successful charge||4.3% per successful charge|
|Currency conversion fees||End customers may be charged a conversion fee by their issuing bank||Additional 2% if required|