Karbon Supports almost all currencies across the world
Start accepting paymentsKarbon slashes cross-border transaction costs by 50% from the usual fees that traditional banks charge. This allows Indian businesses to receive international payments without suffering from the heavy cost of such high charges.
Indian businesses will receive international payments through Karbon's sophisticated payment infrastructure in just 1-2 business days, which is faster than the industry average of 5-7 days. At every step, speed and security are assured.
Karbon simplifies complex regulations which the Reserve Bank of India throws in the way of doing forex. By ensuring 100% compliance, businesses avoid penalties while focusing on scaling globally.
Karbon is also equipped with enabling Indian businesses to accept payments in more than 30 currencies, including USD, EUR, GBP, and AED. This flexibility makes it easy for businesses to expand their global reach while improving international client relationships.
Unlike traditional financial institutions, Karbon offers competitive exchange rates in real-time. There are no hidden fees attached, which means businesses can accurately calculate the exact cost of every international transaction.
The support team at Karbon helps Indian businesses instantly troubleshoot cross-border issues with a 95% satisfaction rate. Whether regarding payment delay or compliance, expert assistance is just a call away.
Here are some of the features that set Karbon apart from traditional foreign remittance solutions.
Sign Up▪ Transaction fee: 1%
▪ 0% Forex markup
▪ 24hrs customer support
▪ No Chargeback/Disputes
▪ No Funds block
▪ Transaction fee: 4.4% + $0.3
▪ Minimum 3% Forex markup
▪ 24hrs customer support
▪ Chargeback/Disputes
▪ Funds block
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, Website, Product Description, Company Email, Permanent Address, Bank Account Details, Documents needed for the transaction: Owner's PAN card & Aadhar Card, GST 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.
We support inward remittances in 30+ currencies including all major world currencies like USD, GBP, EUR etc.
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.