USD to INR
Wise vs Payoneer for Indian freelancers
A US client pays you $100, $1,000, or $10,000 by bank transfer. Here’s how much arrives in your Indian bank account.
Researched by Harry Guinness Sources checked 7 September 2026 Sources and assumptions
Fee comparison
Payoneer is cheaper at $100. Wise is cheaper at $1,000 and $10,000.
Payoneer charges 3%: $3.00, $30.00, and $300.00. Wise quoted $4.68, $21.37, and $188.14.
$100: Payoneer saves $1.68. $1,000: Wise saves $8.63. $10,000: Wise saves $111.86. These figures exclude Payoneer’s $29.95 annual fee if you receive less than $6,000 in 12 months.
- Invoice
- USD 100, USD 1,000, and USD 10,000
- Invoice currency
- USD
- You receive
- INR
- Payment route
- US domestic bank transfer
The numbers
Fees by invoice amount
Both providers use the same USD-to-INR rate here.
Invoice
$100
Payoneer is cheaper- Fee
- $3.00
- Reaches your bank
- ₹9,311.19
- Fee
- $4.68
- Reaches your bank
- ₹9,149.92
Payoneer saves $1.68 About ₹161 more reaches your bank
Invoice
$1,000
Wise is cheaper- Fee
- $21.37
- Reaches your bank
- ₹93,940.31
- Fee
- $30.00
- Reaches your bank
- ₹93,111.90
Wise saves $8.63 About ₹828 more reaches your bank
Invoice
$10,000
Wise is cheaper- Fee
- $188.14
- Reaches your bank
- ₹941,856.63
- Fee
- $300.00
- Reaches your bank
- ₹931,119.01
Wise saves $111.86 About ₹10,738 more reaches your bank
Fee sources
Payoneer
- Payoneer fee for receiving USD by local bank transfer Payoneer India multi-currency account Checked 11 September 2026
- Payoneer fee for converting USD and sending INR to your bank Payoneer India fee update Checked 11 September 2026
- Supporting evidence Payoneer India pricing Checked 11 September 2026 Shows the broader 1% to 4% withdrawal range and the separate $29.95 annual account fee. It does not apply in a year when an Annual Plan is charged, and a paid Annual Plan waives it in the first plan year. The country-specific fee update fixes the India withdrawal rate at 3%.
Wise
- Wise fee and GST for receiving $100 and sending INR to your bank Wise live $100 USD receipt to INR bank-transfer quote Checked 11 September 2026 Quote caveat: Wise charged $4.68 in this quote: $1.97 in Wise fees, $0.71 in GST, and $2 for the eFIRC; A new Wise quote may be different
- Wise eFIRC and bank-transfer fee Receiving payments for Indian businesses Checked 7 September 2026
- Wise fee and GST for receiving $1,000 and sending INR to your bank Wise live $1,000 USD receipt to INR bank-transfer quote Checked 11 September 2026 Quote caveat: Wise charged $21.37 in this quote: $16.11 in Wise fees, $3.26 in GST, and $2 for the eFIRC; A new Wise quote may be different
- Wise fee and GST for receiving $10,000 and sending INR to your bank Wise live $10,000 USD receipt to INR bank-transfer quote Checked 11 September 2026 Quote caveat: Wise charged $188.14 in this quote: $157.44 in Wise fees, $28.70 in GST, and $2 for the eFIRC; A new Wise quote may be different
Send your next invoice
Create a USD invoice for your client. Fieldfare will track what you actually receive after fees and currency conversion.
Sources and assumptions
How we calculated it
For each invoice amount, we took each provider’s USD fees in the order charged. We converted what was left to INR at the same daily rate, then took any local bank-withdrawal fee.
Exchange rate
We used 1 USD = 95.99 INR, from Open Exchange Rates on 19 September 2026.
Payment details
- Account: Indian freelancer or sole trader
- Conversion: USD received and converted to INR
- Payout: INR sent to a verified Indian bank account
Found an error?
Send Harry the source and he’ll correct it.
