Rapyd Review for Merchants: Is Rapyd the Right Choice for Your Business?

Please note that the information about the companies in this article was sourced from their respective websites as of June 2025. This information may be subject to change.

If your business processes payments across borders, you’ve probably felt the pain. High card fees eating into your profits, unclear FX charges, and slow settlements that hold up your cash flow. Platforms like Rapyd offer global reach, but are they really the best fit for today’s merchants?

In this article, we’ll take a closer look at Rapyd—covering its global coverage, features, fees, and what users are saying. We’ll also introduce Noda. Built on open banking, Noda is made for businesses that want to get paid instantly, clearly, and without high card processing costs.

Whether you're expanding across Europe or just want a smoother, faster way to get paid, Noda offers real-time settlements, easy integration, and responsive, human support—no more chasing payments or waiting in ticket queues.

Rapyd Pros and Cons

To save you time, we’ll start with the bottom line, drawn from our in-depth research below.

Rapyd: Overview 

What Is Rapyd?

Rapyd is a London-based Israeli fintech unicorn started in 2016 by Arik Shtilman (now CEO), Arkady Karpman, and Omer Priel.

Rapyd was originally founded in Israel and still has a strong presence there, but its official headquarters are now in London, UK. The Tel Aviv office continues to play a key role in research and development.

Rapyd’s Key Market Focus: International Payments

Rapyd began as a mobile payments company, and created an eWallet to withdraw money via ATMs without a card. Yet after identifying a bigger demand for international payment services, the company shifted its strategy.

Currently, the company focuses on businesses that work across different countries, especially those that struggle with international payments, local rules, and local payment methods.

Rapyd’s Valuation & Profitability: Rapyd Is Profitable

By early 2025, Rapyd had raised over $1.275 billion in total funding, including $500 million to buy PayU. However, its valuation dropped from a high of $9 billion in 2022 to about $3.5 billion in 2025.

Rapyd’s revenue is growing as the company is still expanding quickly, mainly by acquiring other businesses and entering new, fast-growing markets. According to CEO Arik Shtilman, the company became profitable in 2024.

Rapyd Payments: Global Coverage

Rapyd lets businesses send and receive payments in over 190 countries. However, to use its services, a business must be legally based in one of the countries Rapyd supports. These include:

• Americas: Brazil, Canada, Chile, Colombia, Dominican Republic, El Salvador, Mexico, Peru, United States, Virgin Islands (US)
• Europe & Middle East: Andorra, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Gibraltar, Greece, Greenland, Hungary, Iceland, Ireland, Israel, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, North Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom, Vatican
• Asia Pacific: Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam

Rapyd’s Language Support

Rapyd’s checkout pages and payment links are optimised for different languages, including: 

• Simplified Chinese
• Traditional Chinese
• Czech
• Danish
• English
• Estonian
• German
• Greek
• Hindi
• Hebrew
• Icelandic
• Indonesian
• Italian
• Japanese
• Korean
• Latvian
• Lithuanian
• Maltese
• Bahasa Malayu (Malaysian)
• Norwegian
• Portuguese
• Polish
• Russian
• Slovak
• Slovenian
• Spanish
• Swedish
• Thai
• Turkish
• Tagalog
• Ukrainian
• Vietnamese

Rapyd’s Supported Currencies

Rapyd handles payments in over 100 currencies, supporting the currency the customer pays in, the currency the business receives, and the currency sent to recipients.

If the currency the customer pays in is different from the one the business receives, Rapyd will convert it to a supported settlement currency using standard exchange rates. 

The currency lists below are as of June 2025.

Presentment Currencies

 AMD, EUR, MXN, THB, AUD, GBP, MYR, TRY, BAM, GEL, MZN, TWD, BGN, GHS, NGN, TZS, BRL, GIP, NOK, UAH, BYN, GTQ, PAB, UGX, CAD, HUF, PEN, USD, CHF, IDR, PHP, UYU, CLP, ISK, PLN, VND, CNY, JPY, PYG, XAF, COP, KES, RON, XOF, CRC, KRW, RSD, ZAR, CZK, MDL, RUB, ZMW, DKK, MKD, SEK, DOP, MWK, SGD

Payout Currencies

AED, DKK, KWD, SAR, ARS, EUR, LKR, SEK, AUD, GBP, MXN, SGD, BDT, GHS, MYR, THB, BGN, HKD, NGN, TRY, BHD, HRK, NOK, TWD, BRL, HUF, NPR, UAH, CAD, IDR, NZD, UGX, CHF, ILS, OMR, USD, CLP, INR, PEN, UYU, CNY, ISK, PHP, VND, COP, KPY, PKR, XOF, CRC, KES, PLN, ZAR, CZK, KRW, RON

Rapyd’s Client Case Studies

Rapyd works with many types of businesses, especially those that operate internationally or need localised payment options. Here’s a breakdown of their case studies: 

• Online gaming: For example, SEA Gamer Mall uses Rapyd to accept local payments across Southeast Asia.
• Fintechs and financial services: For example, NoPayn.io and Alcaston Payments use Rapyd for merchant services and card processing; Kontempo uses Rapyd to build BNLP in Mexico; Speedy uses Rapyd for payment orchestration.
• Trading and investment apps: Gotrade uses Rapyd to support US stock trading in 150 countries.
• Travel and hospitality: For example, Littlepay (travel) and PayFacto (hospitality) use Rapyd to manage global payments.
• Logistics and shipping: For example, Kadmos pays seafarers securely across borders using Rapyd.
• Education and online learning: PayMyTuition uses Rapyd to manage tuition payments worldwide.

Rapyd’s Product Features & Payment Methods

Rapyd offers a wide range of features for international businesses.

Rapyd Payment Methods

Rapyd supports over 900 payment methods in more than 190 countries. These methods include:

• Cards: Credit and debit cards like Visa, Mastercard, and local card networks
• Digital wallets: Apple Pay, Google Pay, Alipay Ewallet, Wechat Pay, and more.
• Bank debits & transfers: such as SEPA (Europe), ACH (US), BECS (Australia), SPEI (Mexico), and more.
• Real-time payments rails: FAST (UK), PIX (Brazil), Pay Now (Singapore), SEPA Instant (Europe), and more.
• Bank redirects: Payments completed through a customer’s online banking portal.
• Cash vouchers: Cash payments made at convenience stores or retail locations

Rapyd’s Settlement

When you accept payments with Rapyd, the funds are first deposited into your Rapyd account. You’ll then need to reconcile and transfer the money to your bank account via Rapyd withdrawals.

Settlements can occur daily, but the time it takes for funds to reach your bank account depends on the payment method, your country, and Rapyd’s internal processing schedule.

Rapyd’s Security & Compliance

• Fraud monitoring: Rapyd Protect uses AI-powered technology to monitor transactions.
• Custom rules: Businesses can set their own rules to trigger 3DS authentication.
• Cardholder safety: Rapyd has 1 PCI-DSS license for handling card payments.
• Data security: Rapyd keeps stored data with encryption, and protects data being sent with  SSL and TLS certificates. 

Rapyd’s Licenses

• Europe: Rapyd Europe hf. is licensed as an Electronic Money Institution by the Central Bank of Iceland and serves customers across the EU and EEA.
• UK: Rapyd Payments Limited and CashDash UK Limited are authorised as Electronic Money Institutions by the UK Financial Conduct Authority.
• Asia-Pacific: Rapyd holds a Major Payment Institution license in Singapore and operates in Hong Kong through affiliated entities with Money Service Operator licenses.
• Middle East: Rapyd Management Limited is regulated by the Dubai Financial Services Authority under a Category 3D license.

Rapyd Fees & Pricing

Rapyd uses a blended pricing model, charging a fixed fee per transaction that includes interchange and scheme fees for card acquiring and payment processing.

Exact Rapyd pricing isn’t disclosed, as it varies depending on processing volume and other factors.

Read: How to reduce card processing fees

Rapyd’s Customer Reviews

Rapyd’s Customer Support

Rapyd’s support offers several options: a customer portal, phone and email support, and a self-service portal.

As noted in the review section above, some users praise their account managers for being helpful and responsive. However, many report inconsistent support, with long delays, poor communication, and unresolved issues, particularly around settlement payouts and account closures.

Based on available information, Rapyd likely offers dedicated account managers only to enterprise or large-scale clients, meaning smaller businesses may receive limited support.

Rapyd: The Verdict

• Best for: Global businesses needing to accept or send payments across borders. Ideal for e-commerce, fintech, gaming, travel, logistics, and education, especially where local payment options matter.
• Not ideal for: Small, local businesses with simple payment needs that need efficient cash flow. Rapyd can be complex, with slower settlements and less transparent pricing than some local providers.

Rapyd Alternative: Try Noda Instead!

Frustrated with Rapyd’s hidden fees, slow payouts, and complex setup? Noda’s open-banking-first platform gives you instant, low-cost payments and payouts and no-code integration, all backed by real, proactive support.

Why Merchants Switch to Noda

No card processing fees

Noda uses open banking (pay-by-bank) to move money directly between bank accounts—no card networks involved. That means near-zero processing fees, no intermediaries, and up to 90% lower costs compared to traditional PSPs like Rapyd. 

Calculate your savings with Noda

Instant payments & settlement

With Noda, funds are transferred instantly using real-time banking rails, improving your cash flow. No holding periods, no chasing delayed payouts—your money goes straight into your account, often within minutes.

Multiple integration options—including no-code

Whether you’re a developer or not, Noda fits your stack. Use our no-code payment pages, simple checkout links, or fully custom API—all designed to get you live fast.

Explore Noda’s documentation

Personalised support & dedicated manager

No more tickets lost in a queue. With Noda, you get real humans who actually know your business. From setup to scaling, you’ll have a dedicated manager by your side—so you’re never stuck waiting

Broad bank coverage, local focus

Noda connects to 2,000 banks across the UK and Europe, offering seamless account-to-account payments. Focused where it matters most.

Discover Noda’s supported banks

Simple, focused, and lean

Where Rapyd may feel overly complex, Noda stays streamlined and efficient. We’re purpose-built for businesses that want fast, low-cost, and transparent payments.

CTA: Request a Demo