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The True Cost of International Payment Gateways in India (2026): Forex Markup, GST, TCS & Settlement Fees Explained

calendar_today August 27, 2026 person Marvil Fernandes domain razorpay

An Indian IT services founder invoices a US client for $5,000. At the market rate of roughly Rs 85 per dollar, that should be about Rs 4.25 lakh in the bank. The credit arrives at Rs 3.9 lakh.

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