Comparing Rapyd and Checkout.com
In a market filled with payment service providers, choosing the right solution can be challenging. This isn’t just another competitor blog post. We’re going to provide clarity and help you understand the full scope of each financial partner’s capabilities. At first glance, Rapyd and Checkout.com offer similar products to accept, hold, and send funds. So what makes these two fintechs different? It’s all about the reach and reliability.
If Rapyd’s strengths and services resonate with your business needs, then let’s talk.
What is Checkout.com?
Checkout.com is a global payment service provider with card-acquiring capabilities in over 50 countries across Europe, North America, the Middle East and Asia-Pacific. Their platform supports over 150 currencies.
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 simplifies global payments for businesses. Thanks to the platform’s seamless integration and comprehensive services, clients report a 70% reduction in manual efforts in managing payments from their teams.
Which is Better for Payments?
Rapyd and Checkout.com provide solutions for multi-currency transactions and business accounts. However, Rapyd distinguishes itself with its broader global network. Rapyd can facilitate payments and payouts in any non-sanctioned country using diverse methods such as bank transfers, real-time networks, third-party eWallets and Visa and Mastercard credit and debit cards. Checkout.com focuses on global ecommerce solutions to boost conversions and simplify compliance. While Checkout.com can onboard businesses in over 50 countries, Rapyd supports merchants in 70 countries across Europe, Southeast Asia, and Latin America. This broader reach makes Rapyd ideal for merchants worldwide.
Competitive Analysis: How Rapyd and Checkout.com Stack Up
Why Rapyd?
Rapyd and Checkout.com 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 Checkout.com supports 170+. But numbers don’t tell the whole story. Rapyd’s network is unmatched, with the ability to send funds faster to more places and use more methods. Rapyd supports 45+ currencies and domestic processing in key markets like the EEA, UK and Singapore, ensuring smooth and efficient transactions worldwide.
- Enhanced Support for High-Opportunity Industries: Rapyd covers a broad range of up-and-coming verticals, including online gaming, travel and content creators. Checkout.com, on the other hand, may not provide the same tailored solutions for these industries.
- Comprehensive ISO Partnerships: Rapyd supports ISO partnerships, which provide more opportunities for businesses to integrate and collaborate within their payment ecosystems. Checkout.com does not support ISOs, which limits the integration and collaboration options for businesses.
- Transparent Pricing Structure: Rapyd offers straightforward, transparent pricing and includes features like advanced fraud protection and chargeback management.
- Superior Dispute Management: With Rapyd, dispute management is embedded in our client portal, offering full-cycle monitoring and actionable insights. This intuitive dashboard makes handling disputes straightforward and efficient. Rapyd merchants can leverage automated pre-dispute refunds for both Visa and Mastercard transactions. Checkout.com’s dispute management system lacks arbitration features and can be difficult to navigate according to user feedback.
- Omnichannel Solutions: Rapyd offers a unified commerce experience with in-store and online payment solutions. Checkout.com is more focused on digital payment experiences.
Choose Rapyd For Global Payments and Payouts
Rapyd is the best choice for businesses seeking comprehensive and efficient global payment and payout solutions. Choose Rapyd for local card acquiring in the UK, Europe and Singapore, and tailored solutions for a broad range of industries, including:
✓ Travel & Hospitality, Online Travel Agencies
✓ Pharma, Health & Fitness, Nutrition & Supplements
✓ Financial Services, Trading Platforms
✓ Online Gaming, eSports Gaming
✓ eCommerce, Marketplaces, Content Creator Platforms
