.svg)
Responsive support, assisted onboarding, minimal documentation and the best rates—guaranteed.
Swiftly transfer money around the world in more than 30 currencies with the best transaction speed and reliability.
Sign up with Karbon to unlock fast and low-cost international business payments. No hidden fees, no stress.
Submit your invoice and Karbon takes care of the rest — handling compliance, currency conversion, and payment delivery.
We process the payment and ensure it reaches the recipient safely. Track everything from your dashboard.
Tanuj Agarwal
"Our experience with Karbon Forex has been revolutionary, streamlining A1 payments on imports and cutting down processing time significantly. The service is highly reliable, making foreign transactions quick and hassle-free, without getting lost in paperwork."
Hemali Modi
"With a seamless onboarding process, user-friendly dashboard, and excellent compliance procedures, we've confidently shifted our entire Forex remittance volume to Karbon, leaving behind the hurdles of poor banking services and enjoying faultless Swift transactions."
Siddhant Agarwal
"Karbon Forex has been a game-changer for Newton School's foreign remittances. With streamlined processes, 15CB compliance handling, and the lowest markup fees, they saved time and money, making it the ideal solution for efficient and hassle-free transactions."
Tanuj Agarwal
"Our experience with Karbon Forex has been revolutionary, streamlining A1 payments on imports and cutting down processing time significantly. The service is highly reliable, making foreign transactions quick and hassle-free, without getting lost in paperwork."
Hemali Modi
"With a seamless onboarding process, user-friendly dashboard, and excellent compliance procedures, we've confidently shifted our entire Forex remittance volume to Karbon, leaving behind the hurdles of poor banking services and enjoying faultless Swift transactions."
Siddhant Agarwal
"Karbon Forex has been a game-changer for Newton School's foreign remittances. With streamlined processes, 15CB compliance handling, and the lowest markup fees, they saved time and money, making it the ideal solution for efficient and hassle-free transactions."
April 10, 2025
•
Devendra Mali
UCP 600 Articles Explained for Indian Businesses
April 10, 2025
•
Devendra Mali
How Chargeback Fraud Is Hurting Indian Exporters and SaaS Companies
April 10, 2025
•
Devendra Mali
What Is a UETR Number - Everything Indian Businesses Need to Know
How does Karbon Forex help businesses send money abroad?
Karbon Forex uses international banking partners along with global payment networks such as SWIFT, ACH, and SEPA to conduct outward remittances on behalf of our customers.
Is Karbon Forex a payment gateway?
No, Karbon Forex does not operate as a payment gateway, we specialize in conducting business inward and outward remittances. This helps keep our costs lower than payment gateways.
What are the fees for sending money overseas?
Karbon Forex charges low, transparent fees of up to 1%.
Is GST included in the fees?
Our fees as listed do not include GST.
Is a shop establishment certificate needed to accept international payments in India?
We process all outward remittances from India within 1-2 business days after we onboard your account.
What currencies can I pay in?
Currently, we support outward remittances in 30+ currencies.
Can I use Karbon Forex to pay contractors internationally?
Absolutely! Karbon's outward remittance solution makes it easy to pay contractors anywhere in the world.
Is there any holding fee for money maintained in a virtual account?
No. You may leave money in your virtual Karbon account for up to 60 days absolutely free.
Which bank does Karbon Forex partner with for international payments to India?
Karbon Forex has partnered with JP Morgan, one of the world's largest and most reliable banks.
Is Karbon Forex's service available for sole proprietors?
Yes, sole proprietors can use Karbon’s outward remittance services, provided they have the necessary documentation, including GST or Shop Establishment certificate.
Is providing an invoice required for outward remittance?
Yes, providing an invoice is necessary for outward remittances.
Is a GST certificate required for outward remittance?
Yes, a GST certificate is required for outward remittance when transferring funds for business purposes. This helps ensure compliance with Indian tax regulations
How to track my outward remittance? What notification will I get when funds are transferred?
You can track your outward remittance using Karbon’s FX dashboard. We also send regular notifications via email and WhatsApp regarding payment updates. After an outward remittance is completed, a SWIFT copy is provided which serves as a formal confirmation.
Under what circumstances is a Chartered Accountant (CA) certificate needed for outward remittances?
According to RBI guidelines, transactions not covered under the Liberalised Remittance Scheme or Small Value Remittances will require forms 15CA and 15CB for tax compliance. There can be exceptions, please get in touch with us to learn more.
What types of transactions are restricted by the Foreign Exchange Management Act, 1999?
Under the Foreign Exchange Management Act (FEMA) of 1999, certain transactions are not permitted for outward remittance, including:Funds from lottery winnings or from racing or similar hobbies.Purchases of lottery tickets, banned magazines, football pools, and sweepstakes.Export commission payments for equity in overseas ventures.Export commission payments under the Rupee State Credit Route, except for up to 10% for tea and tobacco.
What is the tax liability for outward remittance?
For transactions less than 7 Lakhs, there is no tax liability. However, for transactions above 7 Lakhs, TCS is deducted at the rate of 5%. There are various regulations governing the TCS rate, please consult with us or refer to the latest RBI guidelines.
What documents do I need to make an outward remittance from India?
To initiate an outward remittance, you will need some of the following basic documents:Company PANGST certificateID verification for the signatory. We ensure a smooth onboarding process with continuous support.
Reach out to us today!
.svg){kind=icon}
Reach out to us today!
