Accept International Payments for Freelancers & Agencies

Refrens allows you to instantly accept international payments once the onboarding is completed by you. You have to create only an invoice and enable the online payment accepting options. After that, your client can easily pay you instantly using either debit, credit, wise, bank transfer or ACH payment mode.

None. There are no hidden charges or setup fees. We only charge a small payment gateway fees of 1.5% on ACH or Wire Transfer and 4% or less on Credit/Debit Cards.

We especially cater to these businesses:

• Freelancers

• Self-Employed

• Small Businesses

• Agencies

You can accept international payments from Refrens in 4 simple steps.

1. First, if you have not enabled international payments on Refrens yet, do reach out to us by filling up the above payment form or mail us at compliance@refrens.com to complete the KYC requirements.

2. The second step is to create an invoice on Refrens and send it to your international client.

3. Once your client receives the invoice, they can click on the “Pay Now” button to pay the amount online just like they do on any e-commerce site.

4. After the payment is done by the client, we verify the bank account and transfer the amount to your account within 2 business transaction days.

For international payments, it takes up to T+2 business transaction days. 95% of payments get settled in T+1 days - Which is among the shortest turnaround times in the industry.

Refrens supports all major international currencies like USD, GBP, CAD, EUR, SGD and 100+ currencies across major international markets.

Refrens has the most competitive rates when it comes to accepting international payments in India. We charge anywhere between 1.5% to 4% (depending on the payment mode selected) including Taxes. Also, there are no hidden charges or amendment fees. We disclose the complete payment process to our clients to be fully transparent about the whole process.

The effective charge comes out to be 1.5% (ACH or wire transfer) or 4% (Debit and Credit card) including taxes. Also, due to differences in exchange rates, all international transactions face some forex loss - no matter which payment solution you use. At Refrens, we try to ensure that you get the best forex rates possible.

Let's say, You receive a Payment of $100 on 22nd November.

Assuming that your client paid via ACH or wire transfer, then we charge 1.5% which includes taxes as well.

The amount charged by Refrens = 1.5% * 100 USD = 1.5 USD

Your gross amount after the 1.5% fee is deducted = 100 - 1.5 = 98.5 USD

At that point in time, USD to INR conversion rate was about USD 1 = 81.66 INR (The exchange rate that you see on Google). And the exchange rate offered by Refrens at that time was about USD 1 = 80.82 INR

The final amount you will receive = 98.5 * 80.82 = 7960.77 INR

To accept international payments on Refrens, KYC is necessary for the users. You can mail all these documents to compliance@refrens.com

For individuals like freelancers:

• Proof of Address:- Aadhar card

• Owner details with ID (Preferably Passport/ PAN mandatory)

• Three past invoices that you sent to your international clients along with your bank statement showing the payments received against these invoices (preferably during the last 3 months or during the last financial year)

• Online presence: Website or Professional Network Profile or Upwork/Fiverr/freelancer profile

To accept international payments on Refrens, KYC is necessary for the users. You can mail all these documents to compliance@refrens.com

For businesses:

1. Incorporation Documents

   • Certificate of incorporation

   • Memorandum and Articles of Association

   • Register of Shareholders and Directors (to be endorsed by a director, dated within the last 4 months)

2. GST Registration

3. Business PAN (Mandatory for Indian users)

4. Three past invoices that you sent to your international clients along with your bank statement showing the payments received against these invoices (preferably during the last 3 months or during the last financial year)

5. Online Presence: Business Website (Optional)