Comparing Rapyd and Nuvei
Choosing the right global payment solutions can be challenging. The payment provider market is crowded. This blog focuses on Rapyd and Nuvei. We’re here to help you get some clarity about your options and understand the full scope of each company’s capabilities. You may think Rapyd and Nuvei offer similar products to accept, hold and send funds. In this article, we’ll show you what makes them different.
If Rapyd’s strengths and services speak to your business needs, then let’s talk.
What is Nuvei?
Nuvei is a global payment service provider with card-acquiring capabilities in over 200 global markets and 50+ local acquiring markets. Their platform supports over 150 currencies and offers 700 different payment methods, making it a versatile solution for ecommerce businesses looking to expand internationally. Nuvei focuses on leveraging its wide network of acquiring partners to facilitate payments.
What is Rapyd?
Rapyd is a global payments platform that offers a wide range of solutions to accept, hold, and send funds worldwide. With its extensive global network, Rapyd is a direct card acquirer in 30+ markets and supports over 900 local and alternative payment methods. Rapyd also offers instant card payouts and multi-currency business accounts to help simplify payments for businesses around the globe. Thanks to the platform’s integration and comprehensive services, clients report a 70% reduction in manual efforts in managing payments.
Which is Better for Payments?
Both Rapyd and Nuvei offer local card acquiring, multi-currency transactions and business accounts. However, Rapyd stands out with its unmatched global network. Nuvei’s API and ecommerce payment technology are focused primarily on online payments. Rapyd, on the other hand, supports a wide range of business needs, including disbursements, foreign exchange, and accepting payments online for businesses in the UK, Europe and APAC.
Competitive Analysis: How Rapyd and Nuvei Stack Up
Why Rapyd?
Rapyd and Nuvei payments seem similar at first glance, but here’s how Rapyd stands out.
- Unmatched Global Reach for Payments and Payouts: Rapyd supports payments and payouts in 190+ countries, while Nuvei supports 170+. But numbers don’t tell the whole story. Rapyd’s network is unmatched, and it can send funds faster to more places using more methods.
- Support for High-Opportunity Industries: Rapyd caters to high-opportunity industries, including online gaming, trading platforms, and influencer and affiliate marketing, providing tailored solutions to businesses many average payment providers often ignore.
- Efficient Dispute Management: Rapyd’s comprehensive dispute management system provides full-cycle monitoring and actionable insights. Our intuitive dashboard simplifies the dispute resolution process, making it easy and efficient. Rapyd merchants can also take advantage of automated pre-dispute refunds for Visa and Mastercard transactions.
- Multi-Currency Business Accounts: Better than bank accounts, Rapyd Business Accounts can be used to streamline global funds management. Designed to support numerous use cases, these accounts help businesses scale quickly.
Pick Rapyd for Global Payments and Payouts
Rapyd offers the right solution for businesses looking for comprehensive and efficient global payment and payout services. Benefit from local card acquiring in the UK, Europe and Singapore, global, payouts and multi-currency business accounts.
Tailored solutions for every business:
- Online Gaming & iGaming
- Influencer & Affiliate Marketing
- Creator Economy
- Online Trading
- eCommerce, Marketplaces & Digital Goods
- Online Travel
