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International payments · Guide

Accepting cards from customers abroad

When a customer outside India pays you with a card issued abroad, the payment crosses currencies, card networks and regulations before it reaches your Indian bank account. This guide follows that journey from zero: how the payment travels, who converts the currency and at what rate, why international cards decline, how refunds and chargebacks work across currencies, and what arrives in your account. What's available for your business, such as currencies, card networks and settlement terms, is confirmed during onboarding.

Currency journey · illustrative

A US customer pays for a USD 120 order

  1. Price shown

    The customer sees USD 120.00 at your checkout, where showing their currency is supported.

    USD 120.00What the customer agrees to pay

  2. Authorised

    Their card issuer abroad approves the payment, after 3-D Secure if it asks for it.

    USD 120.00Held on the customer's card

  3. Converted

    The provider converts to INR at its rate, less any spread. Illustrative rate: ₹85.00 per USD.

    ₹10,200.00Before fees; illustrative, not a quote

  4. Settled

    INR arrives in your Indian account, net of the provider's fee and GST, with remittance details.

    ₹10,200 − feesNet, on your settlement cycle

If the card is declined at step 2

  • The issuer may block cross-border payments, or the card may not be enabled for international use.
  • Authentication (3-D Secure) may fail or time out.
  • The customer can try again, use another card, or ask their bank to allow the payment.
Illustrative. The rate and amounts are examples only, not Peneu or market rates. With motion enabled, each step lights up in turn.

Chapter 01

What international acceptance means

International acceptance means letting customers outside India pay you with cards issued by their own banks abroad. The customer pays in a familiar way; you receive money in India. In between, the payment has to be accepted by a provider set up for cross-border cards, converted between currencies, and settled under India's rules for money coming in from abroad.

It is different from two things it's often confused with: paying suppliers overseas, and moving money between your own accounts in different countries.

Three kinds of cross-border money movement
Compared onInternational payment acceptanceCross-border paymentsGlobal collection (the capability)
Who pays whomCustomers abroad pay you, usually by cardYou pay or receive from overseas businessesCustomers anywhere pay you through connected providers
Typical useOnline sales, subscriptions, courses, bookingsImports, exports, vendor paymentsOne setup covering domestic and international customers
Read moreThis guideCross-border paymentsGlobal payment collection

Chapter 02

How an international card payment travels

An international card payment involves more parties than a domestic one, and the extra ones sit in different countries. Each adds its own checks, which is why international payments decline more often and settle more slowly.

  1. 01Customer abroad

    Pays at your checkout with a card from their bank

  2. 02Card issuer abroad

    Approves or declines; may ask for authentication

  3. 03Card network

    Carries the payment between the issuer and the acquirer

  4. 04Cross-border provider

    Accepts international cards, converts and settles to India

  5. 05Peneu

    Routes international cards to a provider that accepts them; tracks and reconciles

The parties in an international card payment.

Because the card's network and issuing country are known when the payment is created, international cards can be routed to a provider set up for them, while domestic cards stay on your domestic setup.

Chapter 03

Payment methods

International acceptance is mostly about cards: credit and debit cards issued abroad on the major card networks. Which networks, card types and any other international methods are available depends on the cross-border providers connected for your business, and is confirmed during onboarding rather than assumed. Don't advertise a card brand or method at checkout until it's been confirmed for your account.

Chapter 04

Currency: what's shown and what's settled

Two currencies matter in every international payment. The presentment currency is what the customer sees and pays in. The settlement currency is what you receive, usually INR in your Indian account. Somewhere between the two, someone converts the money, and who does it changes what each side pays.

Who converts, depending on how you price
You price inThe customer seesWho convertsWhat it means
INRAn INR amount, converted by their bankThe customer's card issuer, at its own rate and feesThe customer may pay more than expected and not recognise the amount
Their currency, where supportedA familiar amount in their currencyThe provider, when converting to INR for youA clearer experience for the customer; you carry the conversion
Three ways to set prices for customers abroad
ApproachHow it worksGood forWatch out for
Fixed prices in their currencyYou set, say, USD 120, and keep it until you choose to change itSubscriptions and products sold mainly to one countryWhat you receive in INR moves with the rate
Converted from your INR pricePrices in their currency follow the rate, e.g. updated dailyCatalogues priced in INR firstPrices that change slightly from day to day can confuse repeat buyers
INR onlyEveryone pays in INR; their bank convertsOccasional international buyersThe customer's bank adds its own conversion charges, and the amount looks unfamiliar

Whichever you choose, show the total the customer will pay before they reach the payment step, and say which currency it's in.

Chapter 05

Authorisation and authentication abroad

When the customer pays, their card issuer decides whether to approve the payment. For a merchant in another country the issuer is often more cautious: it may decline outright, approve it, or ask the customer to confirm it's really them through its own authentication step, commonly called 3-D Secure.

Authentication happens between the customer and their bank, often in a pop-up or their banking app. If it fails, times out or the customer closes it, the payment doesn't go through, even though the card itself is fine.

Tell customers what to expect

A short note at checkout, such as "Your bank may ask you to confirm this payment", reduces abandoned authentications. So does using a business name customers recognise, because it's what their bank shows them.

Chapter 06

FX: rates, spreads and a worked example

Converting currency has a cost, even when no fee is named. The rate is how many rupees you get per unit of the customer's currency. A spreador markup is the gap between that rate and a reference rate. On top come the provider's fee and GST on the fee.

When the rate is set matters too. If conversion happens at settlement rather than at payment, the rate can move in between. Which applies, and the rate itself, depends on your provider and agreement. The numbers below are illustrative, not Peneu or market rates.

Illustrative
  1. USD 120.00 converted at an illustrative ₹85.00₹10,200.00
  2. Fee at an illustrative 3%− ₹306.00
  3. GST on the feeAt the rate on your invoice− ₹306 × GST rate
  4. Net in INR₹9,894 − GST
One USD 120 payment. Illustrative rate of ₹85.00 per USD and an illustrative 3% fee; GST is shown as a formula because the rate comes from your invoice.

Your numbers, your rates

Enter the price in the customer's currency, the conversion rate you've been quoted, your fee and the GST rate on your invoice.

Calculated only from the numbers you enter. It isn't a Peneu quote or a Peneu rate.

Chapter 07

Why international cards decline

International cards decline more often than domestic ones, and most declines have nothing to do with the customer's balance. From your side they all look like "payment failed", which is why knowing the causes matters.

What happenedUsual causeOn whose sideRetry on another route?What to tell the customer
Domestic-only acquiringThe setup accepts only cards issued in IndiaYour setupNot until fixedOffer another method; enable international cards
Issuer blocks the merchant or countryThe customer's bank is cautious about foreign merchantsIssuerAfter the customer calls their bankAsk them to allow the payment with their bank
Card not enabled for international useA setting on the customer's cardCustomerAfter enablingSuggest turning on international use or another card
Authentication failed or timed out3-D Secure wasn't completedCustomer and issuerYesTry again and complete the bank's check
Risk declineThe provider's or issuer's fraud checksProvider or issuerRarelyOffer another method; don't retry repeatedly
Currency not supportedThe currency isn't enabled for your accountYour setupNot until enabledCharge in a supported currency

Chapter 08

Refunds and chargebacks across currencies

A refund on an international payment goes back to the original card through the original provider, like any refund. The difference is currency: the refund is converted again, and the rate may have moved since the payment. The customer can receive a slightly different amount in their currency than they paid, and your INR cost of the refund can differ from what you received.

Chargebacks, where the customer disputes the payment with their issuer abroad, follow the card network's rules and your provider's process. They tend to take longer than domestic ones, so keep delivery and usage evidence for every international order.

Chapter 09

Settlement to India

International payments are settled to your Indian bank account, usually in INR, at the provider's rate and net of its fees. The settlement cycle is set in your provider agreement and can differ from your domestic payments; it's confirmed per business rather than promised in advance.

Money coming into India from abroad also carries paperwork. Each payment is typically tagged with a purpose code and your invoice reference, and the provider or its partner bank issues documentation for the inward remittance. Keep it with your records: your accountant and your bank may ask for it. See how settlement works in general.

Chapter 10

The rules that apply

Collecting from customers abroad through a payment aggregator in India falls under RBI's framework for cross-border payment aggregators and under India's foreign exchange rules. In practice, providers check your business before enabling international cards, may ask for invoices or shipping documents, and apply the limits and documentation the rules require for your category.

The details depend on what you sell and how, and interpreting them is a job for your provider and your adviser. Routing sends a payment to a provider that supports your use case; it doesn't change what that provider is required to check.

Chapter 11

Reconciling international payments

International reconciliation has one extra layer: the amount the customer paid is in one currency and the amount you received is in another. Match on references, not amounts, and record the conversion as its own line.

The international match
MatchOn whatWhat to record
Order ↔ paymentYour order or invoice referenceThe amount and currency the customer paid
Payment ↔ settlement lineThe payment referenceThe INR amount, the rate used and the fees
Settlement ↔ remittance documentsThe purpose code and invoice referenceThe documents your accountant and bank may ask for
Refund ↔ original paymentThe payment referenceAny FX difference between the payment and the refund

How matching works across providers: reconciliation.

Chapter 12

Readiness, risk and operations

Providers look at your business before enabling international cards, and the same things that get you approved keep declines and disputes low afterwards.

A readiness and risk checklist
AreaWhat to have in place
WebsiteClear pricing, contact details, and refund, cancellation, shipping and terms pages
DescriptorA business name customers recognise on their statement
EvidenceDelivery confirmations, usage logs and order records for every international sale
FraudWatch for card testing (many small attempts) and orders that don't match the customer's country
MonitoringSuccess rates by country and card network, not only overall
For developers

Illustrative pseudo-code: the flow, not Peneu's API. Field and event names are confirmed in the API reference.

Illustrative
payment = create_payment(amount = 120_00, currency = "USD", reference = "INV-3307")
save(order = "INV-3307", paid = ("USD", 120.00))

on settlement_line(line):
    record(order = line.reference,
           received_inr = line.net_amount,
           rate = line.rate, fees = line.fees)      # the FX line lives here
    attach(line.remittance_documents)

Chapter 13

Who sells abroad this way

Most international card acceptance falls into a handful of patterns. Which currencies and networks fit each is confirmed during onboarding.

FAQ

International payment questions

What is an international payment gateway?

A setup that lets customers outside India pay you with cards issued abroad, and brings the money to your Indian bank account, usually in INR after conversion.

Why do international cards fail on a domestic checkout?

Often because the acquiring setup only accepts domestic cards, the customer's issuer blocks the merchant or the country, or authentication fails. Each shows up as a generic 'payment failed'.

Which currencies and card networks can I accept?

That depends on the cross-border providers connected for your business. The list is confirmed during onboarding rather than assumed.

Should I show prices in the customer's currency?

Where it's supported, it usually helps: customers see a familiar amount and aren't surprised by their bank's conversion. You then carry the conversion, so what you receive in INR moves with the rate.

Why does the customer's statement show a different amount from my price?

If you charged in INR, their bank converted it at its own rate and may have added charges. If you charged in their currency, a difference usually means their card is in a third currency and was converted again.

Who converts the currency?

If you charge in INR, the customer's card issuer converts it into their currency at its own rate and fees. If you charge in their currency where supported, the conversion to INR happens on the provider's side before you're settled.

What exchange rate will I get?

The rate is set by the provider and depends on your agreement and when the conversion happens. Examples on this page are illustrative, not Peneu or market rates.

Why did I receive less INR than the price times today's rate?

Because of the provider's conversion rate and any spread, its fee and GST on the fee, and, if the rate is set later than the payment, movement in the rate in between.

How are refunds handled for international payments?

They go back to the original card through the original provider. Because the rate can move between payment and refund, the amount the customer receives in their currency can differ from what they paid.

What is a chargeback on an international card?

A dispute raised by the customer with their card issuer abroad. It follows the card network's rules and your provider's process, and you respond with evidence such as delivery or usage records.

When will international payments reach my bank?

On the settlement cycle in your provider agreement, which can differ from domestic payments. Timelines are confirmed per business rather than promised in advance.

Do I need a separate integration for international payments?

No. International cards can run through the same checkout and API as domestic payments, with routing sending them to a provider that accepts them.

What regulations apply?

Cross-border collections through payment aggregators in India fall under RBI's framework for cross-border payment aggregators and under foreign exchange rules. Providers may ask for invoices or shipping documents. Check specifics with your provider and adviser.

How is this different from Cross-Border Payments?

This page is about collecting from customers abroad by card. Cross-Border Payments covers transfers with overseas business counterparties.

Check what you can accept

Tell us where your customers are and what you sell. We'll confirm which currencies, card networks and settlement terms fit your business.