Cross-border payments are essential for Indian businesses, but high FX fees, failed card authorizations, slow settlements, and complex compliance create costly frictions. These hurdles drain time, sales, and resources.
Notably, India recorded around $30 billion in outward remittances through the Liberalised Remittance Scheme during FY 2024–25, prompting an RBI policy review to improve the clarity and efficiency of cross-border transactions. A more straightforward solution is available to make international payments more manageable.
Explore Payglocal, a payments platform built to help Indian and global-facing companies collect in multiple currencies, improve approval rates, and get compliant settlement documents automatically.
This blog explains Payglocal’s offerings, key benefits, practical features, and a checklist to help you determine if it’s right for your business, all while reducing costs, improving conversions, and ensuring compliant settlements without added paperwork.
What Payglocal Is and How It Works
Payglocal is a one-stop international payments platform that combines multi-currency collection, routing logic, and compliance tools to simplify receiving money from foreign customers. It offers multi-currency accounts and local receiving accounts (Pay-INS), allowing you to collect in major currencies like USD, GBP, EUR, CAD, and AUD, as well as in 33 currencies from over 180 countries.
The platform emphasizes transparent pricing and a “Pay ONLY when you transact” pricing model with no documentation, platform, or set-up fees.
Key platform building blocks you will see in the dashboard:
- Multi-currency Accounts and Pay-INS (local accounts) for collecting local currency payments.
- Checkout, Card Payments, and Alternative Methods to accept cards, as well as many local payment options.
- Recurring Payments / Standing Instructions for Subscription Billing and Repeat Customers.
- Intelligent Orchestration Engine and Advanced Fraud & Risk Management to route transactions for higher approvals.
- API Documentation and No-Code plugins for fast integration.
Why This Matters for Your Business
You will notice three practical improvements quickly: fewer failed transactions, lower FX and transaction costs, and faster compliance-ready settlements.
Advantages you can expect:
- Higher payment approvals and fewer abandoned checkouts. Payglocal advertises industry-leading Payment Success Rates (PSR) around 90–92%, and case studies showing 88–95% improvements for some merchants.
- Reduced FX and transaction charges through local collection and optimized routing.
- Faster and compliant settlements, downloadable FIRA/FIRC documents, and instant FIRA on settlement help you meet RBI and export compliance without chasing paperwork.
These benefits are especially important if you run a D2C brand that ships internationally, sell services or courses to overseas customers, export goods, operate a travel business, or work as a freelancer accepting payments from foreign platforms.
How Payglocal Supports Different Business Types
- If you’re a freelancer, quick onboarding and local accounts let you receive client payments as if you had a local bank account in their currency.
- If you run a D2C or export business, multi-currency receipts and transparent pricing reduce conversion friction and foreign exchange leakage.
- If you provide subscription services or classes, Standing Instructions handles recurring billing on international cards so you don’t manually chase renewals.
- If you run a travel or ticketing business, advanced fraud screening and localized checkout messaging help increase approvals and reduce chargebacks.
Integration, Reporting, and Settlement
Payglocal gives several integration paths depending on your technical depth:
- Use their API Documentation for custom flows, or choose No-Code plugins and ready-made integrations for Shopify and other platforms.
- The dashboard provides status notifications, downloadable FIRA/FIRC on settlement, and transaction-level tracking, so reconciliation settles faster.
Operationally, this means less time on reconciliation, a clear audit trail for export documentation, and faster cash visibility for your finance team.
Pricing Positioning You Should Know
Payglocal promotes a transaction-first pricing approach. There are no documentation charges, platform fees, or set-up fees listed. The idea is you pay only when you transact. For businesses, this can reduce the cost of trying out additional payment options or entering new markets because you don’t pay fixed monthly gateway fees while testing.
Quick Checklist: Is Payglocal a Fit for You?
Use this as a fast screen:
- Do you regularly accept payments from customers outside India?
- Do you want multi-currency receiving (USD/GBP/EUR/CAD/AUD) or access to over 33 currencies?
- Are failed international card payments hurting conversions?
- Do you need FIRA/FIRC documents delivered with settlements?
- Would recurring payments or standing instructions simplify your billing?
If you answered “yes” to two or more, Payglocal is worth testing.
Conclusion
If your goal is to boost international customer conversions, cut hidden FX or routing costs, and obtain compliant settlement documents without extra manual work, then Payglocal offers a tailored solution for these needs. For a hands-on experience, you can follow the onboarding steps or try a no-code integration to see immediate results.
