India and China are two countries in close proximity. However, this doesn’t necessarily make it easier to send US dollars across their borders. Traditional banks often charge high fees, offer poor exchange rates, and take several days to process USD transactions.
Fortunately, new digital payment platforms have made international money transfers faster, cheaper, and more transparent. Whether you’re paying for goods, supporting a student, or making business payments, this guide outlines the most affordable ways to send USD from India to China.
Also read: How freelancers in India can invoice abroad clients easily
Before choosing a transfer method, keep in mind the following:
Now, let’s explore various options for sending USD from India to China.
Grey is a reputable fintech solution that offers multi-currency wallets, including USD, GBP, and EUR. You can directly deposit Indian rupees (INR) into your Grey account and have it automatically converted to USD at the best exchange rates. Once your USD account is funded, you can send it to the recipient. If the recipient in China also uses Grey, transfers can be done instantly at no cost. Grey remains a cost-effective international payment solution because there are no hidden fees or intermediary bank charges.
You may also like: How to open US, UK and Euro bank accounts in India
Wise is another affordable way to send USD from India to China. The emerging global payment platform allows users to transfer USD from their Wise account in India to a recipient’s USD bank account in China.
Payoneer is widely used for B2B and freelancer payments. If you or your business already uses Payoneer, you can transfer USD to another Payoneer user or link it to their bank account in China. It is a business-friendly platform that simplifies USD payments. It works well for service payments, imports, and remote team payrolls. Onboarding can, however, take time for new users.
Traditional Indian banks can wire USD to China via the SWIFT network. However, this is usually the most expensive and time-consuming option. It could take up to 5 business days to complete the transactions. It is better recommended for large-volume transactions or if your recipient requires a direct bank-to-bank SWIFT transaction.
Also read: How to get paid by Amazon in India with Grey
The cheapest way to send USD from India to China depends on how both the sender and recipient manage their money. Grey remains a reliable and affordable international payment option for sending USD from India to China. You can fund your account with INR and convert to USD at the best rates and hassle-free.
Sign up on Grey today to enjoy seamless international transactions.
.svg)
Back to top
