Many Indian businesses lose sales due to international payments failing, FX charges reducing margins, or settlements taking too long. This wastes time and makes global expansion harder.
Payglocal for Business helps with local receiving accounts, transparent pricing, and settlement documents that reduce administrative work and improve payment success. That means you spend less time chasing money and more time serving customers.
In this blog, we’ll examine the primary friction points that Indian exporters and global-facing brands encounter, how Payglocal’s suite addresses them, which features are most relevant on a day-to-day basis, and who benefits the most from a pilot.
Understanding the Need for Cross-Border Payment Solutions
When you sell outside India, payments pass through several intermediaries. That adds time and cost. Card declines, correspondent-bank checks, and FX markups cut conversions and margins. Small teams and freelancers find remittance certificates and reconciliation particularly time-consuming. A payments partner that reduces routing steps and delivers settlement files makes reconciliation faster and lowers the chance of lost orders.
What is Payglocal?
PayGlocal is a payments provider focused on international collections for Indian businesses. The platform offers local receiving accounts in the main currencies (USD, GBP, EUR, CAD, AUD) and a global SWIFT account that accepts over 33 currencies, allowing you to collect from multiple markets without forcing customers through lengthy FX chains. PayGlocal provides APIs and no-code options (payment links and plugins) so you can pick the integration path that fits your team.
- Multi-Currency Payment Collection: Collect payments in major currencies using local accounts or via the global account to minimize intermediary foreign exchange steps.
- Higher International Approval Rates: PayGlocal implements routing and fraud controls that can enhance approval rates for many merchants; the site provides named case examples of the uplift.
- Reduced Transaction Costs: The company publishes transparent, transaction-based pricing and advertises lower intermediary FX markups on many corridors. Check route-specific pricing when modelling costs.
- Compliant Settlements (eFIRA / eFIRC): After settlement, PayGlocal provides downloadable eFIRA / eFIRC files produced by partner banks to support RBI reporting and reconciliation. These are bank-issued files that simplify bookkeeping and accounting.
How Payglocal Simplifies Cross-Border Transactions
1. Streamlined payment flow
PayGlocal offers local accounts in USD, GBP, EUR, CAD, and AUD, as well as a global SWIFT account supporting over 33 currencies. That reduces the number of correspondent rails on many corridors and can lower the chance of a foreign-card decline. The dashboard displays payment status and provides downloadable settlement reports, enabling your operations team to reconcile more efficiently.
2. Multi-currency capabilities have become practical
Accepting payments in the customer’s currency shortens their checkout decision and reduces conversion friction. Using local rails for main corridors and the global account for the rest broadens reach without adding manual FX steps.
3. Lower and clearer transaction costs
PayGlocal advertises a “pay only when you transact” approach with no platform or setup fees on headline pages. Effective cost varies by corridor and volume, so request corridor quotes and compare them to your current FX and bank charges.
4. Faster turns and improved approvals (examples)
Routing payments through local rails and utilizing payment orchestration can shorten settlement cycles on specific routes and increase approval rates. PayGlocal’s site showcases merchant examples where approval rates have improved significantly, but these should be treated as customer results, not guaranteed outcomes for every merchant.
5. Compliant settlement documents that reduce back-and-forth
Once funds settle, PayGlocal makes eFIRA/eFIRC files from partner banks available for download. That saves time your accounts team would otherwise spend securing those certificates from banks, and it helps with RBI reporting and audits.
Integration and Daily Operations
If you have in-house developers, you can use Payglocal’s APIs to collect payments, get webhooks for payment status, and automate reconciliation. If you prefer less engineering work, choose the no-code payment links or plugins. The dashboard displays settlements, downloadable reports, and payment history, allowing your operations team to reconcile transactions efficiently without the need for back-and-forth emails. Support and onboarding options are available to help you set up during high-demand seasons.
Select the integration path that best suits your team and go from sign-up to live quickly.
Who Benefits from Payglocal?
Freelancers and service providers
- Get paid in foreign currencies with fewer conversion steps.
- Use payment links and dashboard tools to track invoices and receipts.
Exporters and D2C brands
- Reduce checkout declines and receive funds in major currencies.
- Download bank-issued settlement files to speed reconciliation.
Travel companies
- Collect bookings across markets with fewer payment failures.
- Manage refunds and chargebacks with clearer routing and reporting.
Enterprises and marketplaces
- Automate reconciliation with APIs and webhooks.
- Use recurring billing and orchestration to handle scale and subscription revenue.
Key Features of Payglocal for Businesses
- Local multi-currency receiving accounts (USD, GBP, EUR, CAD, AUD).
- Global SWIFT account accepting 33+ currencies.
- Transaction-based, transparent pricing; no platform/setup fees shown on headline pages.
- Recurring payments, payment links, and plugins (Shopify and others).
- Downloadable eFIRA / eFIRC files from partner banks.
- Payment routing and fraud controls to improve approval performance.
How to Get Started with Payglocal?
Visit Payglocal’s website, create an account, and choose your integration route: API for automation or payment links for a no-code rollout. After onboarding, you can view payment flows, download settlement files, and request corridor-specific pricing to model your effective cost per route. If you trade high volumes on a few corridors, run a short pilot on those lanes and compare approval rate, settlement time, and net FX cost with your current setup.
Regulatory note
When referencing regulatory status, use the accurate phrasing: PayGlocal received RBI approval to operate as an online merchant payments company (The Economic Times, September 5, 2024). If you mention earlier reports of in-principle approval, clarify the timing so readers know what stage the authorisation was at when reported.
Conclusion
Cross-border collections become simpler when your payment partner offers local rails for major currencies, transparent transaction fees, recurring billing tools, and bank-issued settlement files. PayGlocal integrates these features, providing an API and no-code options that allow you to run a pilot quickly. Begin with one or two corridors where you experience the most declines or highest FX costs, then measure approval rates, settlement times, and net FX costs, and expand from there.
