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Recharge your Payouts account in your preferred currency. Do payouts directly to your recipients’ bank accounts in India.
Adds funds from your bank to your Cashfree Payouts account.
Supported currencies :
USD, EUR, GBP, JPY + all freely convertible currencies.
Upload recipient bank details and verify using Validation Suite
Do 10,000+ payouts to your recipients in a go directly to their local bank accounts.
In No Time
Start without registering your businesses in India. Do instant payouts directly to your recipients’ local bank accounts.
Upload recipients details and verify using Validation Suite instantly. Add it to your payouts workflow to verify account details before every payout to reduce errors.
Track status of all payouts in real time. Instant payouts reconciliation.
Cross Border Money Transfer
Direct bank transfers or wire transfers
Wallet service providers
Global Payouts by CashfreeBulk payouts No Yes Yes
* working days
Payments company Plug&Paid is using Global Payouts to allow international businesses pay their Indian sellers and partners directly to their local bank accounts in India.
Connect with India and expand
your businesses with Cashfree
Transparent Pricing for
your Business Payouts
1.3% 1% + taxes per wallet recharge (inclusive of foreign exchange and other charges)*
Zero charges on receipt of funds | Zero charges on FIRS issuance
* Valid Till 31st March 2021
Global Payouts by Cashfree is a cross border payments platform that connects businesses across the globe with businesses and individuals operating out of India. Cashfree enables businesses to facilitate payments to their partner sellers, service providers and freelancers by using Cashfree’s payment infrastructure without having to open a place of businesses in India. Global brands like Dlocal, Plug & Paid and Aramex use Global Payouts for their bulk payouts needs.
In India, Cashfree helps small enterprises, entrepreneurs, and service providers get paid in a hassle free manner from their international businesses partners and clients in INR.
To start using Global Payouts you need to have an international business bank account. To talk to our expert, contact here. Our expert will contact you within the next 6 business hours.
To activate your account submit the scanned copies of following documents:
In the case of any individual(s) with 10% or more ownership in the company, passport and national identity card of each such individual will be required.
Before initiating a payout to any recipient in India you need to share following details of the recipient:
Please note: As per the RBI regulations on OPGSP, Online Payment Gateway Service Providers can hold the funds on behalf of businesses only for 7 working days from date of deposit . Hence funds deposited in Cashfree Global Payouts wallet need to be utilized within 7 days of recharge after which the funds will automatically get revered to the source bank account.
Purpose Code is a code issued by the Reserve Bank of India (RBI) to classify the nature of foreign currency transactions. Purpose code helps regulators in identifying the exact nature of a cross-border transaction. Before initiating a payout to any recipient, you need to specify this code. Certain payments may be restricted or prohibited as per the policy of RBI. Purpose codes validation happens to avoid illegal transactions. Please refer to your Payouts Global dashboard to understand the permissible purpose code.
To do payouts to your recipient in India, you need to recharge your Cashfree Global Payouts account. You can deposit the funds in 17+ international currencies including USD, GBP, EUR, and other freely convertible currencies.
Foreign Inward Remittance Statement Copy (FIRS) is a document that serves as a proof of a foreign transfer to India. Basis the FIRS details, the beneficiary bank issues a FIRC (Foreign Inward Remittance Certificate) and BRC (Bank Regularisation Certificate) which is required as proof at DGFT (Directorate General of Foreign Trade) and other agencies like Customs department to claim any export related incentives, custom duty exemptions, refunds on service tax or any other financial assistance.