skydo.com 

Avoid Skydo – Unreliable, Lacking Transparency, and Potentially Non-Compliant
If you’re a business dealing with international clients, I strongly recommend avoiding Skydo for cross-border payments. Despite its modern interface and promises, Skydo holds funds for days — even weeks — under the vague excuse of “RBI Guidelines” and “compliance checks.”

RBI Guidelines Are Clear: Funds Must Be Settled Within 24 Hours
Under RBI regulations governing Online Payment Gateway Service Providers (OPGSPs) — a framework applicable to services like PayPal, Payoneer, and likely Skydo:

“The amount received by the OPGSP from the overseas buyer shall be credited to the exporter’s bank account in India within 24 hours.”
— RBI Circular: A.P. (DIR Series) Circular No. 17 (2010), reaffirmed in DPSS.CO.PD.No.1164/02.14.006/2019-20

This is precisely why PayPal and Payoneer do not hold your funds. For example:

PayPal explicitly states:
“As per RBI guidelines, PayPal cannot hold balances for Indian users. All payments are auto-withdrawn to your bank account within 24 hours.”

Skydo, on the other hand, routinely violates this standard by withholding payments well beyond the permitted window — often without providing any specific regulatory reference or legal documentation.

A Pattern of Delays, Blocked Accounts and Lack of Clarity
Real user reports tell the full story:

Reddit and Trustpilot are full of complaints about frozen funds, sudden account closures, and refund delays stretching over weeks or even months.

A Change.org petition accuses Skydo of breaching RBI mandates, the Consumer Protection Act, and FEMA, demanding regulatory action.

This is not just poor service — it borders on regulatory non-compliance.

Safer Alternatives Exist
Instead of risking your revenue with Skydo, consider trusted, RBI-compliant solutions:

PayPal – Proven, compliant, and fast

Payoneer – RBI-licensed and transparent

Direct Bank Wire Transfers – Regulated, traceable, and controlled

Final Word
Skydo is not ready for serious cross-border commerce. Until it aligns transparently with RBI settlement norms and adopts responsible fund-handling practices, it poses a risk to your business’s cash flow and trust.

Don’t let your money get stuck in “compliance limbo.” Choose platforms that respect both regulations and their users.

Lower fees.
Good assistance with prompt response and resolution.
I would recommend.

If you're a software engineer or a designer skydo.com is the platform you should use for your international clients.

Smooth onboarding. Helpful relationship manager. And timely payments.

Just make sure you clarify everything about your business/operations to avoid issues like "account on hold".

Easiest way of getting money from abroad from multiple country and great customer service

Skydo stand on their promise. Really impressive service, earlier I was paying much more charges for my hard work, now it way too less. Mr. Pradeep P helped to get me trust on Skydo, now I am fan of Skydo. Great job Pradeep, and team Skydo. 100% recommended.

worst customer service its a scam after payment is processed my account got closed they told me that you will get the refund in 5 business days and now when i called there customer care number they told me that the money is in the virtual bank account and sender need to call the bank and initiate the charge back then only the sender can get the refund of the money .
i dont even have access of my account even i cannot track my payment .

please do not share your information with this company because they can make mis use of your personal information and documents .

The onboarding on skydo is good, but here comes the drawbacks.

1. No mfa for account security.
2. their virtual account does not work for clients as it's says invalid accounts while adding as payes.

3. I almost lost a client by recommending skydo, I am still on upwork. Better to use paypal.

Before getting registered, skydo executive was talking with sugar coated words with big committments, like easy and smooth transactions, best rates, etc etc. Once they receive any payment, they close the account for no reason or some lame excuses, that business model doesnt suit their standard. then why the hell they are running the international payment gateway, when they can't match the international business model
DON'T register in Skydo.. You will regret for sure..

The working hours are only between 10 to 7pm which makes it a big handicap fro anyone who wants to register before or after the office hours. Once all the documents are submitted, the page keeps rotating saying the documents are being verified. After customer support was called next day (they also work only between 10-7pm IST) it was told that since documents were uploaded after 7pm, they will process it only next day that too in second half. The potential customer is not given any notification in the page that keeps rotating that it would be processed next day. Without no one to reach out to after 7pm after submitting all your documents and before getting onboarded it is very uncomfortable and makes us question the safety. Other similar platforms have continuous support and notifications. I am not sure to save few bucks if this is the safe platform.

I was looking to collect payments from one of my US Clients and I was confused about what platform to use, how much they would charge and that's the time when I got to know about Skydo from one of the people in my network.

I instantly jumped onto the signup and the process was seamless, and I was able to collect the payment from the US, and loved the transparency they maintained at every stage of the process. I highly recommend Skydo.

Skydo was perfect for freelancers and the process is very smooth and the fee is low compared to other processors and they provide FIRA copy right away for each payment. My dedicated account manager Pradeep made the on-boarding experience very smooth and answered all my questions. Thank you team. Keep up the good work.

Fraud company. After receiving payment they close account.

My payment was made from client but Skydo closed my account without any reason, so my payment of almost 4 lakh is block with them please i want this money it is my business and skydo can steal my money like this

My experience with Skydo has been frustrating. Payments are often delayed, and they block transactions without clear reasons. On top of that, they charge excessive fees and, in some cases, even refund the payment back to the sender without proper explanation. It’s unreliable and unprofessional. I strongly recommend using Wise or Payoneer instead – they’re far more efficient and trustworthy.

Good experience and I really saved 100 bucks in Payment of 4000 bucks which really make sense. The team is good with the support and appreciate the team and Arun for the support. Hoping will get the same support in the future as well. Cheers 👍

Very smooth experience! Sneha was super helpful during onboarding, verification, and receiving my first payment. Probably the best method out there for receiving bank payments from the US—seamless invoicing, quick FIRC generation, and real-time exchange rates without any markup. Highly recommended!

I just got my first transaction settled and the experience has been great.

The process was very smooth and transparent, assigned manager was helpful and the amount got credited within a day.

Highly recommend them to anyone dealing with international payments!

*Warning: Beware of Skydo*

I'm sharing my horrific experience with Skydo, a payment processing company that has held my client's payment for almost 2 months.(29th Jan 2025)

The Issue
Skydo initially verified my account details and provided me with an account to receive payments from clients. After receiving payment from my client, Skydo suddenly closed my account without explanation.

The Runaround
Despite confirming receipt of the payment on their dashboard, Skydo claims they cannot refund the money to my client. They asked for my client's account details, which were provided, but then claimed they couldn't refund the money to that account either.

Unreasonable Demands
Now, Skydo is demanding an indemnity letter from my client, which is an unreasonable request. I've already delivered services to my client and informed them that I received the payment, as confirmed by Skydo's dashboard.

The Real Victim
But here's the thing: my client has already received the services they paid for. They're not bothered about the payment anymore. It's me, the service provider, who's suffering because I trusted Skydo.

Why Should My Client Bother?
Why should my client go through the hassle of providing indemnity letters or chasing Skydo for a refund? They've got what they paid for, and it's not their problem that Skydo is holding onto the payment.

A Warning to Others
As a 10-year-old Pvt Ltd company, I'm appalled by Skydo's unprofessional and scam-like behavior. I strongly advise others to stay away from this company and find more reliable payment processing solutions.
ALSO BE AWARE OF FAKE 5 STAR COMMENTS.
Has anyone else had a similar experience with Skydo?