PingPong charges a 1% fee when you withdraw to your bank account; receiving payments and opening an account are free. PingPong says this fee may vary by region.
PingPong fees include no setup or monthly charge, and the digital certificate that proves each payment came from abroad is free.
PingPong does not publish its exchange-rate margin, so the real cost of converting your USD, GBP or EUR into rupees can be higher than the 1% alone.
PingPong fees in brief
Here are the PingPong charges an Indian freelancer or exporter meets, from opening an account to the rupees reaching your bank.
- Account opening: free, and PingPong lists no monthly or annual fee.
- Receiving a payment: free when a client pays into your PingPong account.
- Withdrawal to your bank: 1% per transaction, which PingPong says may vary by region.
- Digital FIRC: free, issued to your dashboard for each payment.
- Exchange-rate margin: not stated by PingPong, so measure it on your own withdrawals.
- GST on the fee: not stated by PingPong, so check the fee line on your dashboard statement.
What PingPong offers Indian exporters and sellers
PingPong Payments is a cross-border receiving platform that lets Indian freelancers, service exporters and online sellers collect money from overseas clients and marketplaces. Its services split into what Indian receivers can use and what is meant for foreign companies.
- Collections from overseas clients: you receive payments from foreign clients into your PingPong account and then withdraw them to your Indian bank account in rupees.
- Marketplace collections: online sellers can receive payouts from marketplaces such as Amazon, where PingPong states an all-inclusive rate of up to 1%.
- Free digital FIRC: PingPong issues a digital FIRC (foreign inward remittance certificate) to your dashboard for each payment, at no extra cost to you.
- EEFC withdrawals: exporters can withdraw in the same foreign currency to an EEFC account (Exchange Earners' Foreign Currency account), though no fee for this appears on its pages.
- Supplier payments and cards: paying global suppliers costs 1% per transaction, but PingPong offers this to businesses with US, UK or EU entities, not to Indian receivers.
PingPong pricing breakdown with a real invoice example
The PingPong pricing table covers every charge between a client paying you and the rupees landing in your bank. Where PingPong states no number, the row says so plainly.
| Fee type | Cost | Details |
|---|---|---|
| Account opening | Free | No monthly or annual fee listed by PingPong |
| Receiving a payment | Free | No charge when a client pays you |
| Withdrawal to your bank | 1% per transaction | May vary by region |
| Exchange-rate margin | Not stated by PingPong | Conversion rate to INR not stated |
| Digital FIRC | Free | Issued to your dashboard for each payment |
| GST on the fee | Not stated by PingPong | Check your dashboard statement |
Take a real case. Suppose you are a freelancer and a US client pays you USD 2,000 for a project. Receiving the money costs nothing, and when you withdraw, the 1% fee is USD 20.
That leaves USD 1,980, which PingPong converts into rupees at its rate for the day.
A GBP 2,000 or EUR 2,000 invoice works the same way, with a fee of GBP 20 or EUR 20 and GBP 1,980 or EUR 1,980 left to convert.
How to calculate what PingPong really costs you
You can work out your own exchange-rate margin with simple arithmetic after any withdrawal. All you need is the live USD to INR rate for the day you withdraw and the rupees your bank credits.
- Find the mid-market rate: note the USD to INR rate for the day of your withdrawal from the RBI reference rate or another neutral live rate.
- Take off the 1% fee: on a USD 2,000 withdrawal, the fee is USD 20, which leaves USD 1,980 for conversion.
- Work out the expected rupees: multiply USD 1,980 by the day's mid-market rate to get the rupees you would receive with no margin applied.
- Compare with what landed: subtract the rupees your bank credited from that expected figure, and any gap is the margin plus any bank charge.
Repeat this on two or three withdrawals so you can see whether the margin stays steady. If you receive GBP or EUR, the same method works with the GBP to INR or EUR to INR rate for that day.
Compliance and RBI status of PingPong in India
PingPong is not on the Reserve Bank of India (RBI) list of authorised Payment Aggregator Cross Border (PA-CB) entities as of 27 October 2026. It says it operates as an OPGSP (online payment gateway service provider) through a partner bank, and it issues a digital FIRC for each payment you receive.
That FIRC is the record your bank and auditor use to show the money came from abroad, so keep one for every invoice. If your bank asks for a FIRA (Foreign Inward Remittance Advice) instead, check which document it accepts.
Our PingPong Payments review covers safety and licensing in more detail.
How Xflow compares on fees and compliance
With Xflow, your overseas clients pay you in USD, GBP, EUR and other currencies, and you receive rupees in your Indian bank account with a flat fee per invoice up to our plan limits.
We charge our variable fee as an FX mark-up on the mid-market rate, and you get a free e-FIRA for every withdrawal.
- Starter plan: we charge a flat USD 12 on invoices up to USD 2,000, then 0.6% on invoices above USD 2,000.
- Growth plan: we charge a flat USD 20 on invoices up to USD 5,000, then 0.4% on invoices above USD 5,000.
- Larger invoices: for invoices of USD 10,000 and above, we offer custom pricing, and our plans are on the Xflow pricing page.
- Compliance: we hold final Payment Aggregator Cross Border (PA-CB) authorisation from the Reserve Bank of India (RBI), as of February 2026.
- GST: we do not charge GST on the variable fee, and GST can apply to the flat fee under reverse charge, so check with your tax adviser.
- Where a 1% fee wins: below about USD 1,200, a 1% fee can cost less than our flat USD 12, so small invoices may suit a percentage fee better.
Other platforms such as Skydo, Wise and Payoneer price their fees and exchange rates differently, and our PingPong alternatives page compares them in full.
Get paid by overseas clients from a flat USD 12 per invoice up to USD 2,000
Who PingPong is best for
PingPong suits some receivers better than others, and the deciding factor is usually invoice size. Use these cases to see where you sit.
- Freelancers with small invoices: if most of your invoices sit under about USD 1,200, the 1% fee stays below a flat USD 12, so PingPong can be a low-cost choice.
- Amazon and marketplace sellers: if you sell on marketplaces, PingPong's all-inclusive rate of up to 1% and its seller tools are built around that kind of payout.
- Exporters holding foreign currency: if you want to keep earnings in an EEFC account, PingPong offers same-currency withdrawals, though you should confirm any fee first.
- ITeS firms with large invoices: a USD 25,000 milestone costs USD 250 at 1% before any margin, so you should price a flat fee or lower percentage too.
Final word on PingPong charges
PingPong is free to open and free to receive into, and the real question is what your invoices look like.
- Small invoices: the 1% PingPong withdrawal fee can be good value below about USD 1,200.
- Large invoices: measure your real rate, because a margin PingPong does not state adds to the 1%.
- Before you commit: compare the rupees credited, not only the headline fee.
Frequently asked questions
The cheaper option depends on invoice size.
With Xflow, Growth is a flat USD 20 up to USD 5,000, then 0.4% above that, with custom pricing from USD 10,000. Below about USD 1,200, a 1% fee costs less than our flat USD 12.
No. The 1% applies when you withdraw to your bank, and your balance is converted to rupees at a rate PingPong does not state, so any margin over the mid-market rate is a second cost.
PingPong also does not say whether GST is added.
PingPong does not state whether GST applies to its 1% fee for Indian users. Check the fee line on your dashboard statement or ask your account manager, and keep the record with your tax papers.
Yes, for a digital FIRC. PingPong issues one for each payment to your dashboard at no extra cost. It uses the term FIRC, so if your bank asks for an eFIRA, check which document it accepts.
Take the day's mid-market rate, apply it to the amount left after the 1% fee, and compare that with the rupees credited. Any gap is the margin plus any bank charge.
Yes. PingPong lets exporters withdraw in the same foreign currency to an EEFC account. No fee for this appears on its pages, so confirm the charge and whether your account type qualifies before you rely on it.
PingPong is not on RBI's list of authorised PA-CB entities as of 27 October 2026, and it says it operates as an OPGSP through a partner bank. Our PingPong Payments review covers safety in more detail.
