ReddRadar
What is Skydo?
Skydo is a payment aggregator authorized by the Reserve Bank of India (RBI), designed to facilitate international business payments for entrepreneurs and companies. It provides global bank accounts in countries such as the US, UK, Canada, and Australia, allowing users to receive payments with zero foreign exchange (FX) margin and flat transaction fees. The platform ensures compliance and security, powered by leading banks, and offers features like instant Foreign Inward Remittance Advice (FIRA), real-time payment tracking, and GST-compliant invoicing.
Users can set up accounts in minutes, integrate with multiple platforms including Amazon Global Selling, and benefit from transparent pricing without hidden charges. Skydo aims to streamline payment processes, reduce costs by up to 80% compared to traditional banks, and enhance productivity through automated invoicing and payment reconciliation tools.
Features
- Global Bank Accounts: Set up accounts in US, UK, Canada, Australia, and 10+ countries within 5 minutes.
- Zero FX Margin: Eliminate foreign exchange margins to save on currency conversion costs.
- Flat Fee Pricing: Transparent transaction fees with no hidden charges, varying by payment amount.
- Instant FIRA: Receive Foreign Inward Remittance Advice instantly via email or dashboard download.
- Real-Time Payment Tracking: Monitor payment status and receive funds in less than 24 hours.
- GST-Compliant Invoicing: Generate professional invoices that comply with GST regulations in seconds.
- Platform Integration: Seamlessly connect with Amazon Global Selling and other platforms for easy withdrawals.
- Payment Links: Accept payments via customizable links that work with 100+ US banks.
Use Cases
- Receiving international payments from clients or platforms like Amazon.
- Setting up global bank accounts for cross-border transactions.
- Generating GST-compliant invoices for business operations.
- Tracking international payments in real-time to improve cash flow management.
- Reducing transaction costs and FX margins for export-oriented businesses.
- Automating payment reconciliation and accounting processes.
- Withdrawing funds from e-commerce platforms with tailored pricing.
- Streamlining payment reminders and client ledger management.
