PlaytoFee comparison · Madagascar · 2026
Payoneer vs Razorpay in Madagascar: fees on $10,000, side by side
Razorpay's own country list does not include Madagascar (razorpay.com, checked 22 Oct 2026). Payoneer's standard published price, for a client in the United States paying a business in Kenya, comes to at least $218.80 on a $10,000 bank transfer payment. Some of its fees are not published. On its standard published price (business in India), Razorpay takes $100.00. For a business in Madagascar, Playto takes $5.00 and adds zero markup, so you keep $9,995.00.
No monthly fees. No setup fees. Lowest price guarantee.
Fees on $10,000 by bank transfer
- PayoneerStandard published price, another country≥ $218.80
- RazorpayStandard published price, another country$100.00
- PlaytoYou receive $9,995.00$5.00
The numbers
What lands in your bank
Example payments from a client in the United States to a business in Madagascar. All fees included. Taxes not included. Payoneer's numbers here are its standard published price, for a client in the United States paying a business in Kenya. We don't have a separate Payoneer price for a business in Madagascar on file. Razorpay's numbers here are its standard published price, for a client in the United States paying a business in India.
- With Playto you receive
- $9,995.00
- On a $10,000 bank transfer.
- Payoneer all in
- ≥ $218.80
- Standard published price, business in Kenya.
- Razorpay all in
- $100.00
- Standard published price, business in India.
- Playto all in
- $5.00
- On a $10,000 bank transfer.
| Provider | $1,000 | $5,000 | $10,000 |
|---|---|---|---|
| Playto | $974.70 | $4,874.70 | $9,749.70 |
| Payoneer1Standard published price: client in the United States, business in Kenya | Fees not published | Fees not published | Fees not published |
| Razorpay2Standard published price: client in the United States, business in India | ≤ $970.00 | ≤ $4,850.00 | ≤ $9,700.00 |
| Provider | $1,000 | $5,000 | $10,000 |
|---|---|---|---|
| Playto | $995.00 | $4,995.00 | $9,995.00 |
| Payoneer1Standard published price: client in the United States, business in Kenya | ≤ $978.12 | ≤ $4,890.60 | ≤ $9,781.20 |
| Razorpay3Standard published price: client in the United States, business in India | $989.47 | $4,950.00 | $9,900.00 |
- 1.Payoneer: Card payment fee, up to 3.99% + USD 0.49 (exact rate not published); Payoneer: Withdrawal fee in KES with currency conversion (1.2% to 4%; we count the lowest); Payoneer: Fee for receiving USD into a USD receiving account (1%, minimum USD 1.00). www.payoneer.com/pricing/, checked 17 Oct 2026.
- 2.Razorpay: International card platform fee. razorpay.com/accept-international-payments/, checked 17 Oct 2026.
- 3.Razorpay: MoneySaver bank transfer fee (INR 1,000 flat below INR 1 lakh, then 1%; INR amounts converted at the ECB rate of 16 Oct 2026). razorpay.com/accept-international-payments/bank-transfers/, checked 17 Oct 2026.
Where the money goes
$10,000 by bank transfer, line by line
Payoneer: standard published price (business in Kenya, paid out in KES)
- Fee for receiving USD into a USD receiving account (1%, minimum USD 1.00)1$100.00
- Withdrawal fee in KES with currency conversion (1.2% to 4% of what is left after earlier fees; we count the lowest)1$118.80
- Total (at least)$218.80
- You receive (at most)$9,781.20
Some fees on this route aren't published, so this is the least it can cost.
Razorpay: standard published price (business in India, paid out in INR)
- MoneySaver bank transfer fee (INR 1,000 flat below INR 1 lakh, then 1%; INR amounts converted at the ECB rate of 16 Oct 2026)3$100.00
- Total$100.00
- You receive$9,900.00
Playto
- Bank transfer fee$5.00
- Total$5.00
- You receive$9,995.00
Prices from playto.so/pricing. Playto adds zero markup.
Getting paid in Madagascar
The basics, with sources
Public facts from official sources, each with its date. Not advice: check with your bank.
Local bank payments
Since October 2009, the central bank's automated system clears cheques, transfers and direct debits from anywhere in Madagascar electronically, in one center in Antananarivo. Its RTGS part settles large or urgent transfers between banks.
Source: www.banky-foibe.mg, checked 17 Oct 2026.
Exchange rate
Since 1994, the ariary has floated freely, with its rate set by the market. Approved banks trade foreign currency with each other on the interbank currency market (MID), linked by an electronic system.
Source: www.banky-foibe.mg, checked 17 Oct 2026.
Money rules
Madagascar's foreign exchange rules are set out in the Code des Changes, Law 2006-008 of 2 August 2006. It came after Madagascar accepted the duties of Article VIII of the IMF's Articles of Agreement.
Source: www.banky-foibe.mg, checked 17 Oct 2026.
Exchange rate, for scale
1 USD = 4,370 MGA (US Treasury reference rate, 30 Sept 2026). The rate on the day of a payment will differ.
Source: fiscaldata.treasury.gov.
Calculator
Try your own amount
From $1,000 to $50,000, by card or bank transfer, for a client in the United States paying a business in Madagascar.
Fees charged
- Payoneer (standard price)You receive $9,781.20 at most≥ $218.80
- Razorpay (standard price)You receive $9,900.00$100.00
- PlaytoYou receive $9,995.00$5.00
Side by side
Payoneer, Razorpay and Playto, in plain numbers
What adds to the cost with Payoneer and Razorpay
- Payoneer doesn't publish its card fees for this case.
- All in, Payoneer takes $218.80 or more (2.2%) of a $10,000 bank transfer payment (standard published price, business in Kenya). Playto takes $5.00.
- Some Payoneer fees for bank transfer payments are not published, so the real cost can be higher.
- All in, Razorpay takes $300.00 or more (3.0%) of a $10,000 card payment (standard published price, business in India).
- Some Razorpay fees for card payments are not published, so the real cost can be higher.
- All in, Razorpay takes $100.00 (1.0%) of a $10,000 bank transfer payment (standard published price, business in India).
When Payoneer is still the right choice
- You want to keep the money in US dollars and not change it. An account that holds foreign money may suit you better.
Switching
Move from Payoneer in three steps
- 1
Request an invite
Tell us about your business. Playto checks every business before it gets in.
- 2
Send a payment link
Share a link or an invoice. Your client can pay 30+ ways, from 170+ countries.
- 3
Get paid
Cards cost 2.5% + $0.30. Bank transfers are never more than $5. Playto adds zero markup.
FAQ
Payoneer vs Razorpay in Madagascar: questions
Is Playto cheaper than Payoneer and Razorpay in Madagascar?
Which costs less, Payoneer or Razorpay in Madagascar?
How does a business in Madagascar get paid from abroad?
Does Razorpay work in Madagascar?
How much does Payoneer charge on a $10,000 payment from the United States?
How much does Razorpay charge on a $10,000 payment from the United States?
How much does Playto cost?
How does Playto make money?
How do I move from Payoneer to Playto?
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