Wise USD to INR Fees Calculator
Wise costs about 1% to 2% all in for Indian businesses. Xflow gives you the mid-market rate with no markup and one flat fee.
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Disclaimer: Rates are indicative and subject to change. Xflow fee varies basis the plan you select.
12,000+ Indian businesses trust Xflow for international payments
What using Wise actually costs you on a $5,000 invoice
You lose roughly USD 103, which is about 2.06% of your invoice. Wise also auto-converts your dollars to INR the moment they arrive. You have no control over the timing, no way to wait for a better rate, and no way to hold your USD balance.
| Fee Component | Amount |
|---|---|
Invoice value | USD 5,000 |
Wise conversion fee | − USD 85 |
eFIRC fee | − USD 2.25 |
GST on the conversion fee (18%) | − USD 15.30 |
What you receive | ~ USD 4,897.45 |
How Wise charges Indian businesses
Wise is upfront about its fees and has no hidden FX markup. The rate you get is the mid-market rate, the same one you'd find on Google. But "no FX markup" doesn't mean "no cost." Here's what Wise actually charges:
Conversion fee (~1.7%)
This is Wise's primary charge. On a $5,000 invoice, that's $85. It's clearly stated, it's real, and it scales with every invoice you receive.
eFIRC fee ($2.25 per transaction)
Every payment you receive through Wise comes with a $2.25 charge for the eFIRC (electronic Foreign Inward Remittance Certificate). If you receive 20 payments a month, that's $50/month just in certificate fees.
GST on the conversion fee (18%)
Wise charges GST on its conversion fee. On a $85 conversion fee, that's an extra $15.30.
How much does Wise charge for USD to INR in India?
Wise is refreshingly transparent: it gives you the real mid-market exchange rate with no FX markup, and shows its fee upfront. Here is the full cost of receiving a USD payment and converting it to INR, with what each part costs on a sample USD 1,000 invoice.
| Fee | Rate | Cost on a USD 1,000 invoice |
|---|---|---|
| Conversion fee | ~1.7% of the amount | ~USD 17 |
| eFIRC fee | USD 2.25 per transaction | USD 2.25 |
| GST on the conversion fee | 18% of the fee | ~USD 3 |
| FX / exchange-rate markup | 0% (mid-market rate) | USD 0 |
| Total Wise takes | ~2% all-in | ~USD 22 |
So on a USD 1,000 invoice you keep roughly USD 978. Wise's cost is low and honest, but it converts your dollars to INR automatically on arrival, so you cannot hold USD or time the rate. Enter your own amount in the calculator above to see your exact take-home.
Wise fees for receiving money in India
If you use Wise to receive international payments into India, the cost is low and fully transparent, but there are a few things to know. Wise converts your incoming USD to INR at the mid-market rate with no hidden FX markup, and charges a conversion fee of around 1.7%, plus a USD 2.25 eFIRC fee on every payment and 18% GST on the fee. All in, that is roughly 2% of the amount you receive.
Two points matter most for Indian businesses receiving money. First, Wise converts your dollars to INR automatically the moment they arrive, so you cannot hold USD or wait for a better rate. Second, Wise's India business account is open to sole proprietors and freelancers, but not always to Private Limited Companies or LLPs, which rules it out for many growing agencies and SaaS firms.
Wise does issue an eFIRC for each payment, which supports FEMA compliance. If you receive a handful of invoices a month, Wise is a genuinely good, low-cost option. Use the Wise calculator above to see exactly how much you will receive on any invoice amount.
Does Wise get cheaper as your invoices grow?
Wise doesn't have volume-based tiers. The conversion fee percentage stays largely the same regardless of invoice size.
| Invoice Range | Conversion Fee | eFIRC Fee | GST on Fee | Approx. Total Cost |
|---|---|---|---|---|
$0 – $1,000 | ~1.7% | $2.25 | 18% of fee | ~2.1% |
$1,000 – $5,000 | ~1.7% | $2.25 | 18% of fee | ~2.1% |
$5,000 – $10,000 | ~1.7% | $2.25 | 18% of fee | ~2.1% |
$10,000+ | ~1.7% | $2.25 | 18% of fee | ~2.1% |
Is GST charged on Wise fees?
Wise is registered in India as a payment service provider, which means the 18% GST is applied to their fee and shows up in your transaction.
What this means for your business: On a $5,000 invoice, Wise's conversion fee is ~$85. GST at 18% adds another ~$15.30. That $15.30 isn't a separate line item you have to calculate, Wise handles the collection but it comes out of your receipt.
Wise vs Xflow: an honest comparison for Indian businesses
Conversion fee | ~1.7% | 0% - mid-market rate |
Transaction fee | No separate transaction fee | 0.4% (Growth plan, invoices > $5,000) |
FX markup | 0% - mid-market rate | 0% - mid-market rate |
Total effective cost | ~2% | ~0.4% |
Settlement time | 1–3 business days | T+1 (next business day) |
Ability to hold USD | ||
Rate transparency | Transparent pricing but immediate conversion | Transparent pricing with conversion timing control |
INR guarantee / rate lock | ||
eFIRC / remittance certificate | $2.25 per transaction | Included, no extra charge |
AI-powered FX tools | ||
FEMA/SOFTEX support | ||
24x7 withdrawals | ||
Documentation demands | Yes - can delay fund release | No friction on incoming payments |
Built for business payments | B2C focused | Built specifically for B2B exporters |
Card payments | ||
Custom pricing for volume |
Why is calculating the fees important?
Most businesses track revenue. Only a few track what gets silently deducted before revenue reaches your bank account.
1. Wise is transparent about what it charges the fee is right there. The problem isn't that it's hidden. The problem is that 2% doesn't feel like much until you do the annual math. A business doing $100,000 a year in exports pays ~$2,000 to Wise in fees. At $500,000/year, that's $10,000, roughly ₹8.3 lakhs, going to fees every year, not to your team, not to growth.
2. Over and above the fee, there's the cost of having no control over your conversion rate. If you're receiving $10,000 a month and the rate is 84 on the day your payment arrives instead of 86, that's ₹20,000 per month in lost FX earnings. With Xflow, you set a floor. Funds only convert when the rate meets your threshold.