Know the precise INR amount at the time of international payments withdrawal

You’ve raised an invoice for an international client. But, when the payment finally hits your Indian bank account, you realise it's not what you expected it to be. You scramble to find the FX rate, transaction charges and other fees that might have reduced the final INR amount.

Businesses and freelancers often lose money because of a lack of transparency in international payments.

Here’s why:

• Fluctuating foreign exchange (FX) rates: Exchange rates are constantly changing. They vary from the time of invoice creation to payment initiation. This can make it difficult to predict the FX rate at which the final amount will be settled (in Indian Rupees)

• Markup fees: Even when the exchange rate appears to be stable, the additional markup charged by banks and certain payment providers can cause a reduction in the final INR amount. These costs can very often vary between 1-3% depending on the payment provider.

• Lack of transparency in FX rates: Banks and other payment providers often set their own FX rates. It is difficult for businesses and customers to know if this is the best possible rate being given to them as it is not benchmarked to the mid-market rate.

Transparency is one of the core principles with which Xflow is built and operated. Xflow offers Guaranteed live FX rates to all its customers so that they know the exact INR amount at the time of withdrawal.

Here’s how:

• Settle payments into INR at the Guaranteed Live FX: After receiving the payment into the Xflow receiving account, users settle this payment into their INR Indian bank account. Xflow displays the FX rate, which remains constant for a three-hour window, guaranteeing the final amount of the payment.

• Pay 0% markup on FX rate: Xflow doesn’t add any markup to the exchange rate. Xflow offers flexible, tiered fee plans tailored to your invoice sizes—ranging from low flat fees (like $12 or $20 for smaller amounts) to percentages as low as 0.4% for larger transfers—thus providing complete visibility into the charges as well as the final receivable amount.

• Get affordable rates: Xflow benchmarks its FX rates against the mid-market or interbank rate. This not only ensures users are getting the best rate but also gives them a chance to benchmark this against all other providers.

Let’s assume you’re an IT service provider who invoiced a client in the US for $1000. You then receive the payment in your Xflow receiving account. Here’s what you’ll see on the Xflow dashboard at the time of withdrawal:

• Amount to be withdrawn: $1,000
• Xflow payout fee: $12 (Flat fee under the Starter Plan for invoices up to $2,000)
• Net amount: $988
• Exchange rate: ₹83.94 per USD
• Final payout: ₹82,932.72 (calculated as $988 × 83.94)

Traditional banks and other payment platforms don’t always offer this level of clarity. They might quote a seemingly competitive exchange rate, but by the time fees, conversion charges, and fx rate fluctuations are factored in, the final payout often falls short of what was planned. This uncertainty makes it difficult to manage cash flow and forecast earnings.

Xflow empowers both businesses and freelancers with complete visibility and predictability. Ensuring a transparent approach when receiving international payments.

Complete transparency

• See every fee, rate, and the exact INR amount upfront
• Understand where every rupee is going

Predictable payouts

• Accurately forecast the exact INR amount before receiving payments
• Enable better budgeting and financial planning
• Eliminate guesswork from the international payment process

Zero markup on exchange rates

• Benefit from true mid-market rates without hidden inflation
• Avoid losing money to markup fees commonly charged by other platforms
• Ensure you collect payments at an affordable price

Receiving international payments presents unique challenges for businesses and freelancers.

Hidden fees can silently eat into profits, while fluctuating exchange rates make it difficult to predict the final receivable amount. Moreover, navigating complex payment structures often wastes valuable time and resources.

Xflow directly addresses these pain points by providing a transparent, Guaranteed Live FX rate. By eliminating hidden surprises in transactions and providing upfront clarity on the exact INR amount one will receive, Xflow saves time and makes it convenient.

With Xflow, you can experience the ease and clarity of truly transparent international transactions. Take control of your international payments today by signing up with Xflow and bring more transparency into your global finances.