I've been working with international clients for a while and PayPal has been the only payment source I had to get my payments as that's the platform clients have been familiar with. Last year I signed up with Skydo and could see a significant difference in the payouts that got credited via PayPal and those via Skydo.
However, one major drawback had been ACH payments for US clients as that process is not smooth at the clients' end to make the payment, when they're already used to simplistic ways of PayPal.
Skydo's recent introduction to direct payment links called InstaLink is a game-changer to simplify this painful process for US clients to make the payments.
Have a client who was fed-up of the processes to make ACH payments, sent them InstaLink payment link and had been so happy with the ease they were able to make the payments!
Hoping Skydo introduces such direct payment links for other countries soon too!
Hey PH Community! 👋
I’m Rishabh, head of product at Skydo, and today we’re excited to share Skydo Payouts with you for the very first time.
Why we built it
Running Skydo’s cross-border receivables product put us on weekly calls with founders who rely on talent in India. Every conversation sounded the same:
Hidden FX fees: 1-2 % vanishing on every transfer
Compliance headaches: no FIRC, endless bank e-mails, month-end panic
"Bulk" payouts that weren’t bulk: one wire, one invoice, on repeat
It shouldn’t be harder to pay engineers in Bengaluru than to buy coffee in SF. So we decided to fix payouts once and for all.
What Skydo Payouts does
One bulk transfer -> fully compliant INR salaries in every teammate’s bank account the next morning.
Transparent pricing – zero per-payee fees, no subscriptions
Pay 10 or 10,000 people in one go – upload a CSV, review, hit send
Invoices & FIRCs generated automatically – every payout is audit-ready
Real-time settlement & QuickBooks sync – funds land fast and ledgers stay tidy
Built-in compliance – RBI PACB approval + ISO 27001 & SOC 2 safeguards
Since our private beta opened in February we’ve already moved $1 M+ in monthly payroll, saving customers 100s of hours of payroll processing time and ~60 % on payout costs
Who it’s for
Founders & finance teams paying Indian contractors or employees
Marketplaces and agencies with hundreds of freelancers
Payroll / EoR platforms that need a faster India rail
PH-only perk 🎁
Sign up with code through product hunt and we’ll waive the platform fee for your first payout month (offer lasts through 31 July 2025).
Check out the link in the hunt, give Skydo Payouts a try, and let us know what you think. I’ll be in the comments all day- ask me anything about RBI rules, FX, or scaling global ops.
Huge thanks to hunting us and to every founder who kept nudging us to build this. 🚀
- Rishabh & the Skydo Crew
Clueso
@rishabh_san Congratulations on the launch team!
Skydo's already doing lots for the community especially for founders. Really hoping to see great updates and impactful features very soon!
Sprinto
@rishabh_san congrats on the launch ! looks great
@tuneerprod Thanks!
Intract
@rishabh_san congrats! Product looks amazing :))
Spyne
@rishabh_san 🚀🚀🚀
When I first started with the Skydo team, I couldn't fully appreciate just how much we were setting out to tackle. Cross-border payments? Seems simple enough. But as we got into it, I realized how many small details and roadblocks businesses face on a daily basis. (Which is so unlike domestic fintech in the modern context!)
Working with this team to break it all down and rebuild it into something fast, reliable and transparent has been one of the most satisfying challenges.
The way we’ve all come together to solve this problem, with each team member bringing something unique to the table that’s what makes me so proud of Skydo Payouts. Can’t wait for everyone to see it in action
Bold stagement above ☝️ and if it works - thats real game changer.
Not sure if its already answered - "How does it actually work?"
We pay Skydo and skydo pays to the contractor via indian bank?
Does indian contractor gets USD or INR deposits?
If USD deposits - does my contract still have to file "purpose code" docs with the bank on every deposits?
@nxame Great questions!
Yes, you pay us and we pay the contractors in their Indian bank accounts
We handle both USD and INR contracts. The contractor will get INR in their account, but we will issue FIRC and show them how many dollars they received. This takes care of their tax benefits.
They only have to select purpose code once on a very simple UI. After that it's automated.
Woule love to give you a demo
Stepfun Diligence Check
Skydo nails the hidden headache of international payouts to India – turning compliance chaos and hidden fees into seamless, auditable bulk transfers. Big congrats!
Thank you! @tomtomw
We're looking forward to the positive impact that we can create for teams across the globe.
@tomtomw Looking forward to making payouts smooth for you and team!
@aditya_pani Congratulations!
@viswanatha Really glad to know that we have been able to provide you the alternative you were looking for!
@viswanatha Thanks for your support Viswanatha!
This is great. Congrats on the launch Movin and team.
Do you also take care of FCRA and other related compliances?