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Local INR payments for India contractors.

Your contractors want rupees on a predictable date, not a SWIFT trace number and a shrug. Under our Contractor of Record service, payouts leave our Bengaluru account in INR on a fixed monthly date, with FX handled transparently on your single USD invoice. $19 per contractor per month, payments included.

INR payouts from our Indian account on a fixed date each month. One USD invoice on your side, transparent FX in between. Part of the $19 COR service.

Speak to sales EOR vs entity, in detail

G2 4.8 / 5 on G2, from companies employing teams in India through us.

Teams building in India. First hire to full team.

International wires versus a local payout rail.

The wire looks free until you price the FX spread, the trace emails and the contractor who quietly starts interviewing because pay day is a range, not a date.

Direct international wires

Versatile local payout rail

Arrival
Two to five business days, occasionally longer
Fixed monthly date from our INR account
FX
Bank spread buried in the rate, different every month
Transparent conversion, shown on the invoice
Purpose codes
Foreign inward remittance paperwork per payment
Domestic INR transfer, no inward remittance forms
Failed payments
You chase two banks across timezones
We resolve it inside Indian banking hours
Proof
Wire confirmations scattered across email
Payout advice archived per contractor per month
Contractor's tax trail
Foreign receipts a CA has to explain
Clean domestic credits matching Form 16A

Direct international wires
Arrival Two to five business days, occasionally longer
FX Bank spread buried in the rate, different every month
Purpose codes Foreign inward remittance paperwork per payment
Failed payments You chase two banks across timezones
Proof Wire confirmations scattered across email
Contractor's tax trail Foreign receipts a CA has to explain

Versatile local payout rail
Arrival Fixed monthly date from our INR account
FX Transparent conversion, shown on the invoice
Purpose codes Domestic INR transfer, no inward remittance forms
Failed payments We resolve it inside Indian banking hours
Proof Payout advice archived per contractor per month
Contractor's tax trail Clean domestic credits matching Form 16A
Day 1
Contractor onboarded, bank details KYC-verified
Day 20
Invoice approved by you in a two-minute review
Day 25
Your single USD invoice covering all contractors issued
Payout day
INR credits leave our account on the fixed date
Same day
Payout advices generated and archived
Quarterly
TDS certificates reconcile against every credit

What late pay actually costs you.

Contractors do not send escalation emails about late pay. They derisk quietly: a second client, fewer available hours, then notice. Every unpredictable pay cycle is compounding attrition risk on the people hardest to replace.

A fixed payout date removes the question entirely. The credit arrives the same day every month, and the contractor's attention stays on the work.

Speak to sales
Illustrative cost of losing one senior contractor Backfill search, ramp time and lost delivery
₹1,2 lakh Week 2
₹2,9 lakh Week 4
₹5,6 lakh Week 8
₹8,1 lakh Week 12
Illustration for a senior engineer at market rates. Actual replacement cost depends on role, rate and ramp time.
Whose problem is a failed payment
SWIFT wire bounced on a name mismatch You, across two banks and a weekend
Domestic INR credit from our account Versatile, resolved in Indian banking hours

If you pay one contractor once a quarter, a wire is fine. The rail earns its keep at monthly cadence and multiple people. Paying several full-time contractors monthly? Check whether employment is already cheaper with the EOR versus entity calculator before scaling the workaround.

The monthly cycle, from invoice to archive.

You approve amounts. Everything after the approval click, conversion, credits, advices and archive, happens on our side.

You run

  • Rate agreements and scope changes
  • Invoice approval each cycle
  • The relationship itself

We handle

  • USD consolidation onto one invoice
  • INR disbursement on the fixed date
  • TDS deduction aligned to each credit
  • Payout advice and archive per contractor

You run
  • Agree the rates
  • Approve the cycle
  • Manage the work
  • Keep the relationship

We handle
  • One USD invoice
  • Fixed-date INR credits
  • TDS on every payout
  • Advices archived
  • Failures resolved locally
  • Quarterly reconciliation

When something happens in India, it is ours.
Payment execution and failure resolution Versatile
Approval of each month's amounts You, one review
Proof trail for audits and diligence Versatile maintains, you access anytime

A named compliance manager owns your account. Not a queue, not a chatbot, one person who already knows your headcount and your last filing.

Account managerMedian first reply 4 to 6 hours
Recruitment coordinatorBrief to shortlist 9 days
Finance associateFilings on time 8 / 8

A date, not a window

Payout day is a calendar date the contractor can plan rent around. Not a settlement window, not a range, not subject to correspondent bank moods.

FX in daylight

Conversion happens at rates shown on your invoice, not inside a spread you cannot see. Finance can reconcile the USD out to the INR in without a spreadsheet archaeology session.

Domestic credits, clean tax trail

Because payouts are domestic INR transfers matched with TDS deposits and Form 16A, your contractors' own filings get simpler. Contractors notice, and it becomes a reason good people say yes to you.

Part of a larger machine

This rail is the same infrastructure that pays employees for our EOR clients every month. Contractor payouts ride on rails already stress-tested by payroll.

A date, not a window

Payout day is a calendar date the contractor can plan rent around. Not a settlement window, not a range, not subject to correspondent bank moods.

Predictability is the retention feature.

FX in daylight

Conversion happens at rates shown on your invoice, not inside a spread you cannot see. Finance can reconcile the USD out to the INR in without a spreadsheet archaeology session.

Your auditors will thank you once.

Domestic credits, clean tax trail

Because payouts are domestic INR transfers matched with TDS deposits and Form 16A, your contractors' own filings get simpler. Contractors notice, and it becomes a reason good people say yes to you.

Compliance as a hiring perk.

Moving someone across

If a contractor converts to employment.

The payout rail stays, the legal wrapper changes. Salary replaces invoices, statutory deductions replace TDS on fees, and the person sees the same reliability on the same dates.

Payment reliability Kept
Fixed payout date Kept
Compliance coverage Continuous
Missed cycles in transition 0 days

Conversion happens between one cycle and the next.

Supporting evidence

Verify the account you are routing through.

Payouts run through Foo Falcon Technologies Pvt Ltd, a 2022-registered Bengaluru company. Bank account details are confirmed on letterhead and verifiable before the first cycle.

  • Incorporation
  • GST
  • EPFO code
  • ESIC
  • Shops and Establishments
  • PAN and TAN
  • Udyam MSME
What we verify
  • Incorporation Ministry of Corporate Affairs
  • GST Goods and Services Tax
  • EPFO code Employees Provident Fund Organisation
  • ESIC Ministry of Labour and Employment
  • Shops and Establishments Government of Karnataka
  • PAN and TAN Income Tax Department
  • Udyam MSME Government of India

Every payout generates an advice you can trace to a bank credit.

200

people paid through our rails in a single monthly cycle

33

clients whose India payments run through this infrastructure

5 days

to onboard a contractor onto the payout rail

G2 4.8 / 5 on G2, from companies employing teams in India through us.

G2 4.8 / 5 on G2, from companies employing through us.

Finance teams that stopped chasing wires.

What changes when India payments become one invoice and zero trace emails.

Video
Bharath Rasoi KS Rajeshwari Founder, Bharath Rasoi
Video
Open Theatre Anand Raj Founder, Open Theatre
Abid Hassan Verified client
Sensibull
“They moved fast and took the whole compliance side off my plate. For a founder making an early India hire, that is exactly what you want.”
Abid Hassan Founder and CEO, Sensibull
Via G2
Moonshot
“Every option was either 'set up your own entity' or a platform that quotes a great price then hits you with add-ons. Versatile was the one that actually made it simple. First payroll ran on time. No scramble.”
Angad S. Co-Founder, Moonshot
Via G2
Digital Marketing Agency
“Contracts, PF, ESI, TDS and payroll all in one place. Invoicing in USD meant zero exchange rate surprises. The compliance rigour is genuinely reassuring.”
Vedant T. Founder, Digital Marketing Agency
Via G2
Design Studio
“Setting up in a new country can get messy fast, but their India EOR made onboarding feel easy. The team is responsive, clear, and great to work with.”
Setu C. Studio Owner, Design Studio
Via G2
US Startup
“We used Versatile to hire our first employee in India after months of putting it off because the compliance side seemed like a mess. They walked us through it and now we don't think about it.”
Verified US Founder First-time Founder, US Startup
Via G2
Mid-Market Tech Co.
“Versatile consistently delivered work that was both strategically sharp and execution-ready. Their turnaround times are impressive, and they think about problems the way an in-house team would.”
Shivani K. Senior Manager, Tech TA
Via G2
Growth-stage Startup
“Their team was highly responsive, professional, and easy to work with. They made a complex process feel simple.”
Mukul S. Core Team, Growth-stage Startup

Case studies.

Largest food delivery app in India, decacorn View case study The world's largest professional network, part of Microsoft View case study Legacy US software company, publishing platforms View case study

Payments are inside the fee, not an add-on.

The $19 per contractor per month COR fee includes the payout rail. Contractor fees themselves pass through at cost with transparent FX.

Contractor of Record

Contractors paid monthly
$19 /contractor/mo

Includes the local payment rail, agreements, TDS and Form 16A. Pro-rated for partial months, no minimums.

Move your payouts
  • Fixed-date INR payouts
  • Single consolidated USD invoice
  • Transparent FX on the invoice
  • Payout advices archived
  • Failed-payment resolution
  • TDS aligned to every credit
  • Quarterly Form 16A
  • KYC and bank verification
  • Fixed-date INR payouts
  • Single consolidated USD invoice
  • Transparent FX on the invoice
  • Payout advices archived
Plus four more inclusions
  • Failed-payment resolution
  • TDS aligned to every credit
  • Quarterly Form 16A
  • KYC and bank verification

Most teams migrate all contractors in one cycle.

Employer of Record

Full-timers on invoices
$149 /employee/mo

$129 past twenty heads. Same payment reliability, full employment wrapper with PF, ESI and gratuity.

Price employment
  • Salary on our Bengaluru entity
  • Payslips and Form 16
  • PF, ESIC, PT and TDS filings
  • Gratuity from day one
  • Group health cover
  • 5-day conversion
  • Named payroll lead
  • Full and final at exit
  • Salary on our Bengaluru entity
  • Payslips and Form 16
  • PF, ESIC, PT and TDS filings
  • Gratuity from day one
Plus four more inclusions
  • Group health cover
  • 5-day conversion
  • Named payroll lead
  • Full and final at exit

For contractors who are employees in everything but paperwork.

Past twenty employees

$149 $129 /employee/mo

The employment rate steps down past twenty heads. Contractor payouts stay $19 per person at any volume.

Inside the payments service

  • Monthly INR disbursement
  • Consolidated USD billing
  • FX conversion shown openly
  • Payout advice per credit
  • Failure handling in-country
  • TDS deposit per payout
  • Archive per contractor
  • Quarterly reconciliation

Volume pricing

$149 $129 /employee/mo

EOR drops to $129 past twenty. COR stays flat at $19.

Inside the payments service

  • Monthly INR disbursement
  • Consolidated USD billing
  • FX conversion shown openly
  • Payout advice per credit
  • Failure handling in-country
  • TDS deposit per payout
  • Archive per contractor
  • Quarterly reconciliation

Contractor fees route through at cost. If monthly payouts to the same person have become salary in disguise, the EOR versus entity calculator shows what honesty costs, and it is usually less than you think.

Local payments, asked and answered.

The mechanics buyers want confirmed before moving payouts.

How do payments actually flow?

You receive one USD invoice covering all contractors late in the month. Once settled, INR credits leave our Bengaluru account on the fixed payout date, each matched with a TDS deposit and a payout advice. Contractors see a domestic transfer, not a foreign remittance.

What FX rate do contractors get?

Conversion is shown on your invoice at transparent rates rather than hidden in a spread. The INR amount the contractor receives is agreed in advance, so rate movement is not silently absorbed by the person doing the work.

Can contractors be paid in USD instead?

The service is built for INR payouts, which is what keeps the contractor's tax position domestic and simple. If a contractor specifically needs foreign currency receipts, that is a different structure with export-of-services implications, and we will say so rather than force a fit.

What happens when a payment fails?

Failures on domestic INR transfers are rare and resolve inside Indian banking hours because both accounts are onshore. We handle the retry and the contractor communication; you find out it happened after it is fixed.

Is there a payment we will not process?

We pay verified, KYC-complete contractors under active agreements for invoiced work. We do not process payments outside an agreement, backdated invoices constructed after the fact, or arrangements that look like disguised salary without flagging the misclassification conversation first.

What proof exists for audits?

Per contractor per month: the invoice, the payout advice, the bank credit reference and the TDS challan, reconciled quarterly against Form 16A. Diligence teams get a complete folder rather than an email hunt.

Do you handle contractors outside India?

No. India is the entire business, which is exactly why the rail works the way it does. For multi-country contractor payments you want a global platform, and our comparison pages will point you at the honest options.

Longer reading: Contractor of Record overview · GST and income tax for contractors · How to pay teams in India · India payroll glossary · Related tool: misclassification risk quiz · Related tool: contractor conversion planner

Tell us where you are on the decision.

A role you want to hire, a team you want moved, or just the two routes to compare. A named person replies in 4 to 6 hours.

A named person replies in 4 to 6 hours, not an autoresponder.

We use these details to respond to your enquiry.

A named person replies in 4 to 6 hours, not an autoresponder. We use these details to respond to your enquiry.

What the first call covers

30 minutes

A cost comparison for your headcount, on your numbers, both routes.

  • A written cost breakdown
  • Entity documents before the call
  • PF, ESI, TDS, termination law
  • No follow-up sequence
Book a call →

You pick the time, we send a Meet link. Any timezone.

See pricing Speak to sales