KARBON INWARD REMITTANCE

Accept international payments with ease

Cheaper, quicker and easier foreign remittance tool built for Indian businesses
 how to receive international payments in india online

Transparent fee

See exact fees in INR before transacting, no surprises

No transaction limit

Process any amount, no $10k restriction like competitors

Quick Settlements

Get funds in 24 hours, no follow-ups or calls needed

Free FIRA

Complimentary Foreign Inward Remittance Advice

Multi-currency support

Conduct transactions in various currencies

24/7 support

Access assistance anytime with our round-the-clock support team

Fully compliant

Operate under complete legal and regulatory adherence

Easy accounting

Reconcile transactions against outstanding payments
inward remittance to india
Trustworthy

Your trust is our priority

Our product quality earns your respect; your trust is safeguarded through compliance and safety.
Creditable partner: Karbon FX partner with JP Morgan Bank, a world leader in FX service provider
Automatically compliant: 100% digitized process minimizes compliance risk
Start accepting payments

Frequently Asked Questions

Find answers to the most common questions our clients have!!

Is Karbon Forex a payment gateway? Or does it specialize in SWIFT Wire Transfers to accept international payments in India?

Karbon Forex is not a payment gateway. It enables acceptance of international payments in India using SWIFT wire transfers for all international transactions sending money to India. As it's an international wire transfer, the forex cost for inward remittance to India is lower than using a payment gateway.

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What are the charges under Karbon Forex to accept international payments in India?

Karbon applies a transparent 1-3% forex margin (excluding GST), providing a clear and cost-effective rate. This contrasts banks, which frequently impose a less straightforward 3% margin alongside extra charges.

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Is the forex fee inclusive of GST?

No. The Karbon forex charges exclude all taxes, like GST. So, when you see the 1-3% fee, that's the total cost – with extra GST charges. It's part of Karbon's commitment to keeping things clear and simple while accepting international payments in India.

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What are the documents required to accept international payments in India with Karbon Forex? 

We require the following documents for onboarding clients to accept international payments in India. No added documents are required for conducting the transaction. Documents for onboarding include the following:- Company Name / Legal NameDoing Business As (DBA)/Brand Name (for sole proprietors.)Company WebsiteProduct Description Company EmailPermanent AddressBank Account DetailsDocuments needed for the transaction: Owner's PAN card & Aadhar CardGST Certificate and Company PAN

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What is the transaction time involved in accepting international payments in India through Karbon Forex? 

It takes less than 4 hours to process the first transaction after onboarding. Subsequent transactions can be processed within half an hour.

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Is a shop establishment certificate needed to accept international payments in India? 

Yes. Companies need to provide either a GST certificate or a shop establishment certificate to accept international payments in India.

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Does Karbon Forex have a multi-currency account apart from USD?

Not at the moment, but we're expanding our offering to include 12 additional currencies soon.

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Is providing an invoice mandatory to accept international payments in India?

Yes. It is mandatory to provide an invoice to accept an international payment in India to ensure the transaction goes through smoothly. 

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is the Karbon Forex fee a one-time or recurring charge? 

This fee is applicable only once per transaction when the client transfers funds to a virtual account and subsequently withdraws to an Indian bank.

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Which bank is Karbon Forex tied up with to accept international payments in India?

Karbon Forex has a banking partnership with JP Morgan, USA. When you initiate a remittance, your funds are transferred through our banking associate, JP Morgan, which is the world's largest exchange bank, to your preferred Indian account.

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What are the currencies Karbon can process to accept international payments in India?

Karbon can currently process invoices billed in USD from any location globally.

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Who issues FIRC?

To accept international payments in India, the bank will request an FIRC. Inward remittances to India, processed through Karbon are managed by our partner bank, J.P. Morgan, in the USA. International payments are directed through JP Morgan, but the funds can be transferred to any bank within India. This is absolutely free.

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Can Karbon Forex enable the onboarding of sole proprietors for accepting international payments in India?

Yes. Sole proprietors are eligible to accept international payments in India through our portal. However, we will require a GST certificate or a shop establishment certificate. 

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Is a GST certificate needed for inward remittance? 

Yes. A GST certificate or a shop establishment certificate is needed to onboard any company that seeks to accept international payments in India.  

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Which account will the money come into? 

Transactions where companies seek to accept international payments in India with Karbon follow this process: funds are initially routed through JP Morgan, and subsequently, Karbon facilitates the transfer to the bank of your choice within India.

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Is a GST certificate required for proprietorships that want to accept international payments in India?

Yes. However, even a Shop establishment certificate can work. But at least one of them needs to be produced to accept international payments in India. 

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 Are there any charges for holding the funds in the virtual account for 60 days? 

No. There are no charges applicable for holding funds in the virtual account for 60 days.

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