New Delhi, Nov. 17 -- How to receive payments from global clients without losing a significant portion to conversion and transfer charges remains a constant dilemma for freelance tech writer Tushar Mehta.

Mehta prefers online money platforms, such as PayPal, Wise, and Payoneer, for their convenience and better conversion rates. "But it's hard to get all clients to use them. Some larger organizations have internal policies or banking tie-ups, so they insist on direct bank-to-bank transfers."

In such cases, he ends up losing roughly 2% on the actual exchange rate. Add a 0.18% goods and services tax (GST) on the foreign currency conversion, and even modest payments can lose meaningful value before they reach his account.

India's freelance...