EximPe: Reviews, Fees, and Alternative

You finally landed that international client, but now comes the payment headache. A client paying you $5,000 from abroad means wrestling with high fees, poor exchange rates, and paperwork, turning your well-earned payment into a frustrating experience.

EximPe offers payment solutions for international transactions. Their service aims to simplify cross-border payments for freelancers and small businesses who regularly work with overseas clients.

Let's explore what EximPe offers, how it works, and whether it might be the payment solution you've been looking for.

EximPe Features: A Quick Rundown 

Having the proper payment setup makes all the difference when dealing with international clients in different time zones. 

EximPe FX platform offers several key features that might solve your cross-border payment headaches:

Global collection accounts to receive local payments in 30+ currencies

Virtual international accounts let clients pay using local methods like ACH (USA), SEPA (Europe), or Faster Payments (UK). These payments are then collected, converted, and deposited directly into the user’s Indian bank account. 

Global trading accounts and financing options for businesses 

Beyond just receiving payments, EximPe provides accounts designed specifically for businesses that trade internationally. These accounts come with financing options to help with cash flow when you're waiting for payments or need to purchase inventory before getting paid. A small import business (for example, a textile business or advisory services), for instance, could use EximPe's financing to pay suppliers upfront while waiting for customer payments.

Instant Digital FIRA (Foreign Inward Remittance Advice) 

You often need documentation for tax and regulatory purposes when you receive international payments from the USA, Europe, or any other country outside of India. EximPe provides instant digital FIRA, eliminating the typical waiting period of several days that banks require. For example, If you receive a $5,000 payment from your UK-based client via Eximpe, you'll get your FIRA immediately instead of waiting up to a week as with traditional banks.

Forex conversion without markup 

Banks and payment processors often include hidden fees in their exchange rates. EximPe states they provide mid-market rates without additional markup, which could lead to some savings on currency conversion compared to traditional banking options. This might reduce costs when receiving international payments.

EximPe Fees: What You Should Know

Understanding what you'll pay when receiving international payments can make or break your profit margins. EximPe offers two different pricing structures to fit various business needs:

Transaction fee model: If you prefer paying per transaction, EximPe charges 0.75% plus a bank collection fee. For payments through virtual accounts, they charge USD 0.59 in the transaction currency, while USD ACH transfers and SWIFT transfers both cost $7.67. For example, if a client pays you $10,000 via virtual accounts you'd pay 0.75% as platform fees which comes to USD 75 plus $0.59 as a bank collection fee, making it a total of USD 75.59.

Monthly pricing option: Their newer flat-fee model starts at ₹999 per month for receiving up to $2,000. Higher tiers accommodate larger monthly volumes, with plans at ₹1,800 (up to $5,000), ₹2,250 (up to $10,000), and ₹4,500 (up to $25,000). With this option, a freelancer receiving fifteen $100 payments would pay the same ₹999 as someone receiving a single $1,500 payment.

Live forex rate: EximPe provides real-time exchange rates without markup, meaning you get the actual market rate when converting currencies. For instance, converting $10,000 to INR might save ₹15,000-20,000 compared to typical bank rates that include hidden markups.

The monthly pricing option might be particularly appealing if you receive multiple smaller payments each month, while the transaction model could work better for occasional, larger transactions. 

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EximPe Reviews: The Good, Bad, and Ugly 

What's it like to use EximPe for your international payments? 

Under the good, many customers have left 5-star reviews, with exporters like Saqlain Mukthar particularly impressed by EximPe's import-export and remittance services.

However, some customers have found EximPe's service slow and unsatisfactory, as noted in BlackWorld Tiles' critical review.

Source

Skdyo: A seamless Eximpe Alternative for receiving international payments 

If you're looking beyond EximPe for international payment solutions, Skydo offers another option worth considering.

Here's why Skydo should be your trusted international payments partner:

Want to explore Skydo? 

Get started now!