Three workflows for Stripe to India
- Stripe → Mercury → Wise → Indian bank: Mercury receives Stripe payouts, then you wire to Wise, then Wise sends INR to your Indian bank at interbank rate. Lowest FX cost.
- Stripe → Wise Business (USD) → Wise INR conversion: Wise Business receives Stripe payouts in USD, you convert to INR within Wise. Simplest one-account workflow.
- Stripe → Mercury → International wire to Indian bank: Mercury wires USD to Indian bank, your Indian bank converts to INR. Highest FX cost but works if you prefer one bank in India.
Cost comparison
- Wise USD-INR conversion: ~0.4% to 0.5% above interbank rate
- Mercury international wire to India: ~$15 wire fee + bank FX margin (~2% to 3%)
- Indian bank USD receiving with INR conversion: bank FX margin (~2% to 4%)
Indian tax considerations
- India taxes worldwide income for resident Indians
- LLC pass-through revenue reported on your Income Tax Return
- Schedule FA disclosure of foreign assets required
- FEMA reporting may apply to large cross-border transfers
- Consult Indian CA familiar with US LLC structures