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.

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.

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.

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

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

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

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

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

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

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.

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

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.

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. 

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

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.

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. 

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