This includes payment gateways, global finance management, and card issuing as needed.
The company aims to simplify, speed up, and make cross-border payments accessible to different business types operating globally.
Whilst growing, and showing promise, the offering is slightly weaker than GoCardless or Zen at this moment in time.
Overview
Transaction fee (International) | Monthly fee | Refund Fees | Settlement timeframe | International markets |
|---|---|---|---|---|
0.20% – 1.80% per transaction, with Interchange, there's no markup fee | $99 per month | $25 | 2-10 days | 200+ Countries to make and accept payments |
- Global coverage with over 200 currencies and locations covered, which is more than with many other cross border payment platforms
- Strong support for popular ecommerce platforms with plugins and API
- Accepts higher risk industries such as online gaming and online trading
- Lack of product offering comapred to similar platforms such as Zen and GoCardless
Features | Insight |
|---|---|
Multi-currency account | Rapyd offers multi-currency accounts for sending and receiving international payments in multiple currencies, as well as, holding your balance in multiple currencies, and settling all transactions from one account. |
Virtual accounts | Create as many virtual accounts as needed to accommodate all your customers. |
Expense management | Manage expenses with granular control with approvals, virtual and physical cards, and push-to-card payments. |
Support for higher-risk niches | Rapyd supports multiple higher-risk industries including online trading and iGaming |
Exchange rate locking | Control your rates with FX features. Rapyd allows you to lock the rates so your customers always get the most of their money. |
Local payments | Take local payments with local accounts and details from one dashboard. Customers can create as many virtual accounts as needed with support in over 40 countries and 25 currencies. |
Global payouts | Send global payments to 190+ countries in 120+ currencies with support for bank transfers, RTPs, card transfers, and e-wallets. |
Card machine hire & virtual terminals | Rent card machines for when you need them |
Custom checkout & payment links | Build custom checkout pages to optimize the user experience and optimize for conversion (similar to Payable). In addition, use payment links to take payments anywhere you can paste a link. |
Virtual and physical cards | Distribute physical cards across your team or create as many virtual cards as needed with support for multiple currencies. |
Rapyd fees and general costs
Service | Fee |
|---|---|
Monthly fee | $99/month |
Domestic fees | 0.20% – 1.80% per transaction (for Interchange++ there is no markup) |
International fees | 0.20% – 1.80% per transaction (for Interchange++ there is no markup) |
Card network charge | 0.02% – 0.65% per transaction (for Interchange++ there is no markup) |
Refund fees | $25.00 |
Chargeback fees | $15.00 |
Eligibility
Business types
Countries
Products offered by Rapyd
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Signing up for Rapyd
Sign Up and Access the Client Portal
Begin by signing up for a Rapyd Client Portal Account. Once registered, log in to the Client Portal, where you'll be greeted by the "Get Started" tab.
This section provides an onboarding checklist that will guide you through the initial steps to verify and set up your Rapyd account.
Contact the Sales Team
As part of the account activation process, you’ll need to provide additional information about your business.
Navigate to the "Get Started" tab and click on the "Contact Our Sales Team" banner.
In the window that appears, select the product solution that best fits your needs, and provide an estimate of your annual business processing volume along with any other relevant business details.
This information helps the Rapyd sales team tailor their product offerings to your specific requirements.
Verify Your Account
To fully activate your account, you need to complete Rapyd's KYB (Know Your Business) process.
In the "Get Started" tab, click on the "Verify My Account" button. This will take you to the "Activate Your Account" page where you can start the KYB application.
Once your KYB questionnaire is submitted and approved, you'll unlock additional features such as removing account limits and enabling payment collection.
Set Up Your Bank Account
The final step in setting up your Rapyd account is adding your banking information.
This is crucial for settling the funds you collect into the appropriate business account.
Navigate to the "Get Started" tab, click on the "Set Up Your Rapyd Account" banner, and then select "Add Bank Account."
Enter your bank account details to complete this process.
Once your account is fully set up, you can begin inviting team members and collecting payments using your Rapyd account.
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