Collect your foreign payments for as little as 0.99%

You will need your company registration documents, bank statements, proof of address and a few simple documents to open an account. You will be able to digitally submit these documents during the registration process.

Yes. When you send an invoice to a client, simply include the account details for local collections in the client’s currency on the invoice. You will receive a notification as soon as funds are credited to your account.

Zero FX spread. We charge 0.99% ($2.5 minimum) fees for INR withdrawals. Yes, that low!

Applicable on USD, GBP, EUR, CAD.

1.25% fees on other currencies.

There is a limit of $10,000 per invoice for INR conversions processed through the OPGSP route. Transactions above $10K are processed through SWIFT to your Indian Bank. Your Indian bank would convert the funds to INR and may charge you a fee.

To receive foreign payments from your overseas client, you can follow the following steps:

1. Go to your Winvesta Business account and copy your local account details. If the client is in US, select ACH details in your USD virtual account. Use Faster Payments for the UK and SEPA for Europe.


2. Share the account details with your client. The client can make a local transfer to this account.


3. You will receive an email notification when you receive the funds in your account. Unlike other platforms, there is no fee to receive local transfers.


4. Convert the foreign currency funds to INR. You will see the exchange rate that you will get before your convert.


5. Transfer the INR to your Indian bank account. On weekdays, you can receive the money the same day.

You can find all the currencies we support here.

Winvesta is authorised to deal in Indian rupees through regulated banks and global payment providers that deliver low-cost solutions and we pass on the benefit to our customers.

Safeguarding means that legally, Winvesta, and the E-Money Institution (EMI) we work with, must keep your money segregated from the accounts that we use to run our operations. So, if anything were to happen to Winvesta or the EMI, your money would be safe. The safeguarding account(s) are held with Barclays Bank PLC. Note that Barclays does not monitor the funds that are placed on the safeguarding account or how the accounts are operated. There is no cap on the cash that is safeguarded in the e-money accounts.

We use a market leading platform which is compliant with ISO27001.

Yes, you can create restricted or full-access accounts for your team members. Add your accountant as a viewer, or finance officer as a payer. You can also set transaction-level thresholds for each member.

As an Indian business, you don’t have to worry about extra charges for local collections and payments. Transactions in USD, GBP, EUR, CAD only require a 0.99% fee, while other currencies require a slightly higher fee of 1.25%.

However, certain situations may result in additional fees:

• If someone sends you money through SWIFT or FEDWIRE, there is a $10 fee.


• For withdrawals exceeding $10,000 or non-INR withdrawals through SWIFT, there is a $30 fee plus a 0.20% payment fee.


• Non-INR transfers will have a 0.2% payment fee for payments in other currencies.


• If you convert between currencies (non-INR), a 1.50% FX markup will be charged.

By considering these fees, you can make informed decisions and ensure that your transactions are as cost-effective as possible.