India and other countries have a large pool of talented virtual assistants who can help your business succeed while charging a reasonable rate. If you want to take advantage of the ample opportunities of outsourcing, it’s time to learn how to send money to India.\nOne of the most difficult obstacles is choosing the best payment option. You’re probably outsourcing to India because you’re looking for a great hourly rate, so you don’t want to offset that savings by running up fees on payments.\nIn this post, we will take a look at some efficient, secure, and affordable ways to pay teams in India — or anywhere else around the globe.\nIt’s never been easier to pay your team in India\nThere are a number of easy and efficient ways to pay teams in India. Which is the best for you?\nEach option has some unique advantages and disadvantages to consider. It’s imperative that you do thorough research before making your final decision. Here’s what you should consider when searching for a payment method to send money to India:\n\nSpeed – How soon do you need it to get there? You may end up paying more if speed is a priority.\nExchange rate – Not all currencies hold the same value. Are you getting the best rate possible?\nFees – Are you paying more than you should? For instance, sending money using a card may require additional fees.\nConvenience – How easy was the experience from start to finish? Going to the bank, account creation, and approvals are a major inconvenience worth taking into account.\n\n\nTrack, manage, and pay international teams\nAutomate payments based on tracked time for easy, accurate payroll\n\n\nWith these priorities in mind, we’ve compiled some of the best methods for sending money to India.\nHere are the best ways to transfer money to India\nBelow are some of the best ways of sending money to India.\n\nACH transfer\nWise\nMoney orders\nRemitly\nWire transfer\nXoom.com\nMoneyGram\nWestern Union\nPayPal\nHubstaff\nTransfast\nPersonal Checks\nEmail money\nNRI-NRE account\n\nBy price: Cheapest services for sending money to India\nACH transfer\nAn ACH transfer, or Automated Clearing House transfer, is a great option for businesses based in the U.S. In fact, many of the P2P payment services you’ll find on this list operate by initiating an ACH transfer on your behalf.\nIf transfer fees are important to you, using an ACH transfer is the way to go. ACH transfers come in two forms: debit and credit. Debit transfers tend to be free, but credit transfers might cost you about $3 per transfer.\nAccording to The Balance, “ACH payments are good for small, frequent, non-mission-critical payments” such as direct deposit of pay or monthly bills. Unfortunately, it might take several business days for the recipient to receive anything.\nPros:\n\nConvenient\nCan be free at some banks or money transfer services, with small fees at others\n\nCons:\n\nNot the best option if you’re in a hurry as it can take 3+ days\n\nWise\nWise (formerly TransferWise) markets itself as a cheaper way to send money abroad.\nOther transfer apps will simply provide international conversion rates (i.e. $1 in the U.S. = ₹74.46 in India). Wise goes a step further by giving you the real exchange rate.\nThis shows you not only the numerical conversion rate of the transaction, but also the buying power. This is super helpful when negotiating pay rates for team members in India.\n\nLike other money transfer options, Wise can take a while to process. If you’re looking for a fast method, you might want to look elsewhere.\nPros:\n\nCheap because of the middle-market exchange rates. ($13.01 – 0.65% conversion fee)\nConvenient (online or in-app)\nAvailable in 230 countries\n\nCons:\n\nCan take 2-3 business days for Canada-to-India transfers\nBusiness and personal accounts need to be verified\nNo status updates for recipients to monitor\nTransfers are sometimes delayed\nMasterCard only (Visa coming soon)\n\nMoney orders\nMoney orders are one of the most affordable choices for sending money abroad. However, they are susceptible to fraud.\nMost banks offer this service and charge very little. You’ll need to deposit the international money order into your bank account. Some sort of ID is usually required for cashing the checks — which can be sent in the local currency.\nAs added security, the full amount can be recovered if lost.\nPros:\n\nEconomical, especially if your bank waives fees for having an account with them\nSafer option: ID required and can be traced\n\nCons:\n\nYou’ll have to go into the bank or a Western Union branch to send\nCan take a while to receive it\n\nRemitly\n\nRemitly is another emerging player in the fintech world. The stable, fast, and secure money transfer service has very low fees — and none for transfers that are over $1000. But what really sets it apart from other options on this list is its morals.\nRemitly has pledged $5 million rupees to companies providing aid to India during the COVID-19 pandemic. This includes food, oxygen, and protective equipment.\nRemitly is a stable, fast, and secure money transfer service with very low fees.\nPros:\n\nCheap transfers – $3.99 for transfers up to $1,000 (no fee for transfers above $1,000)\nBasic rates are processed within 3 business days (no fees); express rates arrive in four hours or less (fees included).\nOne fixed exchange rate\nUp to $30,000 transfers\n\nCons:\n\nHidden currency conversion cost of $13.\nCan only transfer up to $30,000\n\nBy speed: Best options for quick money transfers\nWire transfer\nWire transfers have been a money transferring staple for over 50 years. They’re extremely secure, fast, and reliable. But, as one might expect, they’re a bit outdated when it comes to convenience.\nIf you decide to use this method, you’ll probably need to go to a physical branch of your bank (or another agency) in order to send the money. Some banks like ICICI offer wire transfer services on their website, though.\nAs soon as you provide the institution with all necessary information about the recipient, they will initiate the wire transfer. Every bank handles the process a bit differently, so you’ll have to check with your bank to get the most accurate information.\nPros:\n\nVery quick service (usually within 24 hours)\nSecure. You’ll work directly with your bank or an accredited company like Western Union to initiate a wire transfer\n\nCons:\n\nYou’ll pay a fee for the speed – anywhere from $10-35 USD (check with your bank for the most accurate fees)\nOnce the money is sent, you can’t get it back. Make sure you send it to the right person\nYou’ll have to go to a bank or other physical institution\n\nXoom.com (part of Paypal)\nXoom (powered by PayPal) is regarded as one of the best money transfer services worldwide. They’ve been providing quick, affordable, and convenient money transfer services since 2001.\nThe best perk of Xoom is online-to-offline money transferring. This means that recipients can withdraw money at a specified location in India as soon as the online transaction is complete. They won’t need a bank account or internet connection to receive funds.\n\nPros:\n\n24\/7 multilingual customer service\nFlat $4.99 fee no matter how much you send\nMoney arrives in minutes in most cases\n\nCons:\n\nBasic accounts limit your sends to $2,999 per day\nXoom rounds to the nearest rupee, so you’ll actually be charged a bit more as a result\nCredit\/debit card fees of up to $90 to some countries\nLimits on the money you can send daily, monthly, and biannually – these limits depend on your account level\n\nBy ease of use: The easiest options to send money\nMoneyGram\nMoneyGram is a big market player in international money and remittance transfers. It helps hundreds of thousands of people around the globe transfer money to India and other countries on a daily basis.\nMoneyGram is very fast and offers a same-day transfer — albeit at a slightly higher fee than some other services. However, it is still an affordable, fast, and consistent service if you’re planning to send money to India.\nPros:\n\nVery fast transfers – most are finalized within 10 minutes\nGlobal network of 350,000+ agents in over 200 countries worldwide.\nFraud protection makes it secure and reliable\nVery low or non-existent transfer fees to bank accounts\nMore than 80 years of trusted service\n\nCons:\n\n$10,000 per month limit\nExchange rate margins are poor and can go as high as 5.05%\nRequired documentation varies across different countries\n\nWestern Union\nWestern Union has been a fixture in the money transfer space for over a century. Its dependability, convenience, and ease of use are the main reasons for its longevity.\nWith branches in almost every country in the world and a local withdrawal option, it’s no wonder it’s one of the most popular remittance solutions. The service is quickly gaining popularity for business transactions, too.\nYou can also send up to $50,000 per day to the State Bank of India, ICICI, HDFC, and other major banks. However, it’s important to note that transfer times will vary — even up to a week in some cases.\nSince the fees depend on both the amount and the destination, Western Union is not recommended for small transactions.\nPros:\n\nConvenient and easy-to-use app\nOver 125,000 locations in India for pickup\n\nCons:\n\nCan take up to a week (faster if using debit or credit, but fees apply)\nCan get very expensive, so not recommended for small amounts\nFees and rates are unpredictable and change by location and type of transfer\n\nPayPal\nPayPal is considered the largest online payment processor. With PayPal, you can easily transfer money from one account to another without directly using your credit card or bank account.\nThe advanced search feature is a secure way to ensure that you’re sending money to the correct recipient. Each user has their own unique link and QR code.\nYou won’t have to worry about hidden fees either. Transactions are free for both senders and recipients.\n\nPros:\n\nSafely encrypted\nMobile friendly\nNo fees for personal use\nPrevents fraud and helps with payment mistakes\n\nCons:\n\nCharges 2.9% (plus additional $0.30 fees) for business use\n1% fees for instant transfer (Free transfers take 1-3 days)\nAccount freezes occur until you verify aspects of your account\n\nAutomatic money transfer to India with Hubstaff\nHubstaff is a time tracking tool that tracks time down to the second. You can set hourly rates and pay everyone on your team simultaneously from one central location — even if their preferred payment methods are different.\nWhether it’s through PayPal, Wise, or other tools on this list, you can automate the entire process. You’ll get automatic reminders to review work hours and payments will only be sent with your approval.\nHubstaff’s automatic payments are fast, inexpensive, and reliable. Plus, you get access to a suite of productivity tools that help everyone on your team get more done.\n\nPros:\n\nBest for easy, automatic payments on an ongoing basis\nEasily pay remote teams, contractors, freelancers, and virtual assistants for time worked\nUse timesheet approvals to ensure you’re sending the right amount every pay period\nActivity scores and optional screen captures ensure that you’re only paying for time spent on your projects\n\nCons:\n\nYou need a payment integration with a tool like PayPal in order to send money.\n\n\nSet up automatic employee payments via Hubstaff\nEasy, automated, and free for 14 days\n\n\nTransfast\nLike PayPal, Transfast focuses on convenience. Simply enter the currency and where you want to send money to get started.\nTransfast is great for the recipient. They partner with banks and cash pickup locations worldwide as part of their payout network. This makes it easier for your recipients to collect funds — even without an internet connection.\nPros:\n\nSimple website experience with an app available\nThe service has been around for 25+ years\nFree if you pay by bank\n\nCons:\n\nTakes 3-5 business days to receive the money.\nFees for debit\/credit card\n\n\nOther ways to send money to India\nPersonal checks\nAnother option for transferring money to India is by sending a personal check.\nThis method is fairly secure, but also time-consuming. It’s nice knowing that checks that don’t reach their intended destination can be canceled. However, this can slow the process down considerably.\nEven if they do receive payment quickly, your recipients may not be able to cash the check immediately. Due to fraudulent check scams, bank verification of the deposit is necessary. There’s also an additional fee that needs to be paid for the exchange rate.\nPros:\n\nSecure because it’s written out and verified\nCan be canceled anytime\n\nCons:\n\nSome banks may not accept foreign checks\nExchange rates apply and might need to be paid by the recipient\nSlow process (needs to be mailed)\nRisk of being lost in the mail\nFraudulent check scams make it challenging too\n\n\nGet more articles on paying and managing remote employees and freelancers.\n\n\nEmail money transfer\nEmail money transfers are pretty easy. All you have to do is fill in a form on your bank’s website, add the recipient’s email address, and answer a security question.\nThe recipient will need to provide the same answer to the security question and the money transfer process will begin. It may take up to five days to complete, but there are no extra charges.\nMany people consider this type of transfer unsafe. No personal information is shared, but the convenience makes it all too easy for phishing scams. Always double-check any email addresses involved.\nPros:\n\nA low-cost way to send money to India\nSafe for the sender because the email initiates the send but does not physically transfer money\n\nCons:\n\nNot available at all financial institutions\nBad for recipients. This method is commonly used in phishing scams\nSlow method that can take up to five days to complete\n\nNRI-NRE account\nAn NRE (Non-Resident External) account is designed for NRIs (non-resident Indians) who need to transfer foreign earnings back to India.\nThe greatest advantage is that you can deposit money in U.S. dollars but recipients can withdraw it in Indian Rupees. As long as you’re an NRI, you won’t have to pay taxes on the amount sent to your NRE.\nMany freelancers in India prefer this service because of its convenience. It can be a little time-consuming to set up an account if you don’t already have one, though. You’ll then have to wait up to a week for the payment to process.\nPros:\n\nFavored by freelancers and NRIs\nAbility to deposit in one currency and withdraw in another\n\nCons:\n\nNot a quick process\nAccount is in Indian currency and exchange rate fluctuations could cost recipients money\n\n\nTrack international team hours\nTrack time, send payments. Free for 14 days.\n\n\nWhatever method you choose, be sure to communicate with your contacts in India to avoid any misunderstandings.\nConsult your virtual employees about which payment methods they would prefer — and don’t forget to do some research of your own before making a decision.\nCheck out these cybersecurity tips to protect your remote team:\nHow to Protect Your Team: Expert Tips for Work From Home Security\nAvoid Disaster With These 8 Small Business Cyber Security Tips\nFrequently asked questions\nSending money is always a little nerve-racking. If you’re still not sure which route to take, here are some answers to a few FAQs about transferring money to India:\nHow can I send money to India instantly?\nIf you don’t have time to wait for payments to process, the fastest methods are Xoom, MoneyGram, and PayPal. You’ll need to wait for payments to process (usually up to a few hours), but it’s much faster than some of the other alternatives.\nWhat is the cheapest way to send money to India?\nTransfast and Western Union allow you to send money at a cheaper rate than other options. Transfast offers better exchange rates than some of the alternatives on our list and offers a Value+ service. If conducted with a bank account, Western Union offers some fee-free transactions.\nHow can I send money to India without fees?\nTransfast’s Value+ service is a fee-free solution for sending money to India. If you pay via bank transfer, Xoom is free as well.\nHow can I send money to India without a bank account?\nBoth PayPal and Xoom allow you to send money to India without a bank account. Once your recipients set up a PayPal or Xoom account, they can store the money there if they need to.\nCan I use Google Pay to send money to India?\nYes, but you’ll need an internet connection, an Indian bank account, and an Indian phone number per Google Pay’s support page.\nThis article was originally published in March 2018. It was updated in August 2021.