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Which is better, Wise or Revolut?
For an Indian business receiving international payments, neither Wise nor Revolut is built for B2B invoice collection. Wise uses the mid-market rate but charges 1.6 to 1.9% per transfer plus $2.50 per FIRA, caps Indian accounts at $10,000 per invoice and only supports freelancers and sole proprietors. Revolut is a strong consumer product for the UK and EU, but its free tier caps monthly conversion, weekend FX markups apply, and India B2B receiving isn't supported on any tier. Xflow covers both gaps with a flat 0.6% fee, 0% FX markup, no invoice cap and a free eFIRA on every payment.
| Question | Quick answer |
|---|---|
| Which is better for freelancers? | Wise, if you invoice clients directly and stay under $10,000 per invoice, since Revolut doesn't support B2B receiving for Indian accounts. If you bill above that or invoice regularly, Xflow's flat 0.6% fee and free eFIRA keep more of every payment. |
| Is Revolut cheaper than Wise? | For small amounts, yes: about $5 on a $500 transfer on Revolut's free tier, against about $11 on Wise. At larger amounts, Revolut's tier limits, weekend markups and paid plan fees wipe out that advantage. |
| Cheaper for receiving USD into an Indian bank? | On a $5,000 invoice, Wise costs about $83 to $98 including the FIRA fee, and Revolut doesn't support India B2B receiving. Xflow costs $30 at the mid-market rate, with a free eFIRA. |
| Which is better in India? | Xflow. Wise excludes Pvt Ltd, LLP and OPC entities and Revolut has no India B2B support, while Xflow supports every Indian entity type with no invoice cap and 1-day INR settlement. |
Wise vs Revolut vs Xflow: Complete breakdown
Good for small transfers only
$10K cap and sole-proprietor-only restriction makes it unsuitable for growing Indian businesses.
$10K cap · Pvt Ltd not supported
Good for personal multi-currency use
Excellent consumer product for the UK/EU. Weekend FX markups cut the rate advantage outside trading hours, and India B2B receiving isn't supported on any tier.
No India B2B support
Best for Indian exporters
EEFC support, no limits, guaranteed FX rate, transfer pricing compliance, and a white-label platform API.
Recommended for IT exporters
Feature | Wise | Revolut | Xflow |
|---|---|---|---|
FX Markup | 0%, mid-market rate | ~ 0% within free tier; ~1% after limit; weekend markup applies | 0%, mid-market rate |
Transaction / Receiving Fee | 1.6% to 1.9% + $2.50 per FIRA | ~ Free tier with monthly limits; paid plans from £6.99/mo | 0.6% flat (min $12) |
FIRA / eFIRC | ~ $2.50 per FIRA | ~ Not supported for India B2B | Free, auto-issued within 24 hrs |
Settlement Speed to INR | Same day to 48 hours | Same day to 2 business days | 1 business day, often same day |
Per-Invoice Limit | $10,000 per invoice (India hard cap) | ~ Tier-dependent | No limit, enterprise-ready |
Currencies Supported | 40+ | 30+ | 25+ incl. AED, SGD, HKD, CHF |
Local payment rails | ACH, SEPA, Faster Payments | ~ Limited, UK/EU focused | ACH (US), SEPA (EU), CHAPS/BACS (UK) |
Guaranteed FX Rate | No | No | Yes, 3-hour lock at withdrawal |
Business Structures Supported | ~ Freelancers and sole proprietors only (India) | ~ Limited India B2B presence | Pvt Ltd, LLP, OPC, startups, freelancers |
RBI / FEMA Compliance | RBI regulated; FCA UK | ~ Through banking partner | RBI-authorised bank partner, eFIRA auto |
FX AI Analyst | No | No | Yes, rate-lock up to 45 days |
India-Based Support | ~ Global, not India-specific | ~ Limited India presence | Dedicated India onboarding team |
Wise vs Revolut fees: which is cheaper?
Wise charges a percentage on every transfer, while Revolut runs on a free tier plus subscriptions. See how both compare with Xflow's flat pricing across invoice sizes.
Percentage-Based
Ideal for invoices from
Up to $10,000
Freelancers & sole proprietors only: Pvt Ltd and invoices above $10K not supported
| Invoice value | Fees |
|---|---|
| Upto $10,000 | 1.6–1.9% |
| Above $10,000 | Not supported |
| Per FIRA | + $2.50 |
Free tier + subscription
Ideal for personal / small transfers
Under $1,000
India business operations are restricted. Not designed for Indian companies receiving cross-border B2B payments.
| Invoice value | Fees |
|---|---|
| Within free-tier limit | 0% FX |
| After limit | ~1% + weekend markup |
| Paid plan | from GBP 6.99/mo |
Flat-tier + percentage model
Ideal for invoices from
$500 – $500,000+
Any invoice size, any Indian entity type: no caps, no restrictions
| Invoice value | Fees |
|---|---|
| Upto $2000 | $12 flat + Free eFIRA |
| Above $2,000 | 0.6% + Free eFIRA |
| Above $100,000 | Custom rate + Free eFIRA |
Who is Xflow built for?
Feature | Other platforms | Xflow |
|---|---|---|
Freelancers and agencies | ||
Wise's $10,000 invoice cap blocks project billing above it and excludes registered entities from onboarding. | No invoice size limits, whether you bill $500 or $50,000. Open to freelancers, sole prop, Pvt Ltd, and LLP. | |
Revolut doesn't support B2B invoice receiving for Indian accounts on any plan tier. | 0.6% flat fee with 0% FX markup, and 1-day INR settlement to your registered Indian bank. | |
Wise charges $2.50 per FIRA - a recurring cost when billing multiple clients monthly. | Free per-transaction eFIRA within 24 hours, no requests, no delays. | |
Neither lets Indian users hold foreign currency - every payment converts to INR at the prevailing rate. | EEFC account support to hold forex and convert when the rate suits you. | |
SaaS & startups | ||
Wise's entity restrictions mean most registered SaaS companies can't onboard as Indian business accounts. | 0.6% flat fee per invoice that stays predictable as ARR scales. | |
Revolut's free-tier conversion limits + weekend FX markup make it unpredictable for high-volume billing. | ACH, SEPA, and CHAPS/BACS rails so overseas clients pay domestically, cutting SWIFT costs. | |
Neither provides EEFC support - multi-currency receivables convert immediately with no timing control. | EEFC account support to hold USD/EUR receivables across billing cycles. | |
Intercompany capital transfers for funded startups have no compliance infrastructure on either. | Transfer pricing compliance built in, plus native Zoho Books and free per-transaction eFIRA. | |
IT / ITES exporters | ||
Wise's $10,000 per-invoice cap makes it unworkable for firms billing $20,000+ to a single client. | 0.6% flat fee with no ceiling - larger invoices cost proportionally less, not more. | |
Revolut's India B2B receiving is too limited and tier-restricted to be a reliable primary channel. | 1-day INR settlement on a platform built for Indian B2B receiving. | |
Neither supports EEFC accounts - every receipt converts to INR immediately. | EEFC settlement to hold USD/GBP/EUR and convert on your treasury timeline. | |
Transfer pricing compliance for intercompany flows (global HQ <-> Indian subsidiary) is absent on both. | Transfer pricing compliance built in, plus free eFIRA within 24 hours, ready for EDPMS and audits. | |
Platforms & marketplaces | ||
Wise's entity and invoice restrictions make it impractical as a receiving layer for diverse vendor bases. | Full white-label API with webhooks and programmatic vendor onboarding. | |
Revolut Business has an API, but India B2B receiving limits mean vendors can't reliably collect through it. | Per-vendor eFIRA auto-generated within 24 hours at the infrastructure level. | |
What's quietly costing you money
Wise's per-transfer fee and $2.50 FIRA charge, and Revolut's conversion caps and weekend markups, quietly drain every invoice. On a $5,000 payment through Wise, that's around $80 to $100 gone before it reaches your bank.
Cost stack on Wise
Wise charges 1.6 to 1.9% on every transfer plus $2.50 per FIRA, and caps Indian accounts at $10,000 per invoice. For freelancers billing multiple clients each month, those FIRA charges become a regular cost that compounds across the year.
Cost stack on Revolut
Revolut's free tier caps monthly currency conversion, and a weekend FX markup kicks in outside trading hours. For Indian businesses, B2B receiving is restricted on both personal and business plans, making it unsuitable for cross-border invoice settlement.
Slow settlement to Indian banks
Wise typically settles to INR within same day to 48 hours, while Revolut takes same day to 2 business days. For agencies and exporters managing payroll or vendor payment schedules, even a one-day delay can create a liquidity gap that repeats every month.
FIRA and compliance friction
Wise charges $2.50 per FIRA certificate, which adds up quickly for businesses receiving several payments monthly. Revolut does not support FIRA for Indian B2B accounts at all, leaving exporters to coordinate documentation manually with their bank for every inward remittance.
Invoice limits and business-type restrictions
Wise enforces a hard $10,000 cap per invoice for Indian accounts and limits eligibility to freelancers and sole proprietors, excluding Pvt Ltd, LLP, and OPC entities entirely. Revolut's limits are tier-dependent and its India B2B presence is too limited for businesses that need a reliable, scalable receiving solution.
Built for India. Engineered for growth.
Features other platforms don't offer - Xflow is built for Indian businesses from day one.
Guaranteed live FX rate
Unique to Xflow. Your rate is locked for 3 hours after your client pays. You know the exact INR before you convert.
FX AI Analyst
Unique to Xflow. An AI-powered assistant that helps you decide when to convert based on market conditions.
EEFC account support
Hold foreign currency in an EEFC account and convert when market conditions favour your business. Wise and Revolut both convert to INR on their own timeline, leaving you no influence over when or at what rate the exchange happens.
Transfer pricing compliance
Intercompany transfers between a global parent entity and an Indian subsidiary require more than a payment platform. Xflow has transfer pricing compliance built directly into the payment flow, used by funded startups and ITES companies across India.
Native Zoho Books integration
Invoicing, collections, and reconciliation flow directly into Zoho Books without manual data entry or platform-switching at month end, keeping your books current as payments arrive.
Free FIRA
Auto-generated within 24 hours for every transaction. No follow-up calls, no extra charges, no delays before your audit.
- 01Exchange rate markups The mid-market rate is the benchmark. Wise uses it on weekday transfers, while Revolut adds about 1% once you pass its free-tier limit, plus a weekend markup outside trading hours. Compare the rate you actually get, not just the advertised fee.
- 02Transfer and receiving fees Wise charges 1.6 to 1.9% per transfer. Revolut's free tier has monthly limits, and paid plans start from £6.99 a month. Add the fee and the FX spread together to see what each invoice really costs.
- 03Settlement time Wise usually settles to INR same day to within 48 hours, and Revolut takes same day to 2 business days. If you run payroll or vendor payments on a fixed schedule, a one-day delay repeats every month.
- 04FIRA and export compliance Indian exporters need a FIRA for every inward remittance to support GST export filings. Wise charges $2.50 per certificate, and Revolut doesn't support FIRA for Indian B2B accounts.
- 05Invoice limits and entity type Wise caps Indian accounts at $10,000 per invoice and only onboards freelancers and sole proprietors, not Pvt Ltd, LLP or OPC entities. Check that a platform supports your business structure before your first client pays.
- 06Personal vs business platforms Wise and Revolut are built mainly for personal multi-currency use. Indian businesses collecting B2B invoices need a platform built for exporters, with RBI-compliant documentation and fast INR settlement.
What our users say
Xflow’s product has added tremendous value to our customers by simplifying cross border payments and helping save costs. The integ
Tej Mulgaonkar
Director
Xflow helps me collect payments from customers across multiple countries. With Xflow, global payments are simplified and reconcile
Varun
Co-founder
Xflow has helped us improve collections by making it easy for my customers to pay using their local payment methods
Hemant Kumar
WeWork India
I manage my forex operations and hence it was important for me to find a payments partner who could settle into my EEFC account. X
Dhruv
Founder
Xflow has made it super simple for us to go live with Inkle’s specific cross-border payment use case (intercompany transfer pricin
Anand Krishna
CEO & Founder
Xflowpay has built very powerful, robust, and flexible APIs that any organisation can easily consume to launch cross border paymen
Pranav
Head of Forex
I am able to collect payments for invoices to overseas customers seamlessly using Xflow. My customers in US are also able to pay m
Binu
Founder
Xflow's cross-border payment solution complements our core neobank offering. We love the white-labelled nature of the product. We
Saurabh
Founder
Getting started on Xflow was easy - KYC was simple and I could start transacting in less than 24 hours. Now that we have used Xflo
Sandeep
Founder
We leverage Xflow to help our customers collect >$10,000 invoices. We draw a lot of comfort from the fact that Xflow has partnered
Saurabh
Founder
With Xflow, we found a convenient, compliant, cost-effective payment provider to bring funds into India under transfer pricing. Th
Sunil
Founder
Frequently asked questions
We're making the headlines
"Xflow, an Indian fintech startup, has secured backing from both Stripe and PayPal Ventures in a $16.6 million funding round. The investment comes as the company works to carve out a position in cross-border B2B payments, a market still dominated by banks and manual processes.
"Xflow, a leading cross-border payments fintech, today announced the launch of its new flexible, flat-fee pricing plans designed specifically for India's small and mid-sized exporters. "
"Indian exporters can now focus on growth while Xflow handles complex payment documentation Bengaluru, Karnataka, India (NewsVoir) Xflow today announced the launch of Compliance Desk, a managed service that allows Indian exporters to outsource the complex compliance requirements tied to cross-border payments.
“Xflow, a Bangalore-based fintech specialising in cross-border payments, has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator for Cross-Border transactions. ”
"Xflow, a financial services and infrastructure company, simplifies the cross-border payments experience for businesses.
"Xflow has made it super simple for us, it handled our needs, volumes and edge cases quickly, seamlessly and compliantly," said Anand Krishna, CEO and Founder of Inkle
"Xflow is designed to help businesses send and receive cross-border payments in a compliant and regulatory manner - from freelancers to small and medium enterprises all the way