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Adyen vs Flutterwave

Of the 170 countries we track, Adyen onboards businesses in 43 and Flutterwave in 12 (and 153 more with limits). Both serve businesses in 43.

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Onboards businesses in United States

Adyen

Available

Flutterwave

Available

Accept payments

Adyen

Enterprise acquiring with local payment methods across most major markets, online and in person.

Flutterwave

Online payment acceptance through checkout, payment links, invoices, a store builder and POS. Local methods include cards, bank transfer, bank account debit, USSD, mobile money and M-Pesa, depending on currency. Flutterwave says it collects in 30+ currencies.

Pay people abroad

Adyen

Pay out to sellers and users through Adyen for Platforms.

Flutterwave

Transfers from your balance to bank accounts, mobile money or other Flutterwave accounts, singly or in bulk, plus cash pickup in Egypt. Bank transfer guides cover Cameroon, Côte d'Ivoire, Egypt, Ghana, Kenya, Malawi, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda and international USD, EUR and GBP. Egypt bank transfers are off by default.

Multi-currency account

Adyen

Business accounts for platform users in selected markets.

Flutterwave

Virtual account numbers for receiving NGN and GHS bank transfers (by default for merchants in Nigeria and Ghana; others must ask). NGN-only wallets (payout subaccounts) can be created for your users. Flutterwave also holds a Nigerian microfinance banking licence and offers a Flutterwave MFB business account.

Business cards

Adyen

Card issuing for platforms and businesses.

Flutterwave

Flutterwave Issuing: virtual dollar and naira cards via dashboard or API, and physical naira cards for customers or employees (contact sales). Country eligibility is not stated.

Stablecoins

Adyen

Not offered

Flutterwave

Stablecoin wallets and transfers: fund a USDC/USDT/RLUSD wallet from NGN, USD, GBP, EUR or GHS balances and send to wallet addresses on Solana, Ethereum, Base or Polygon.

Yield on idle cash

Adyen

Not offered

Flutterwave

Not offered

Yield on idle cash

A return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is.

Where the return comes from

Adyen

No yield offered

Flutterwave

No yield offered

Is the money protected?

Adyen

–

Flutterwave

–

Does the rate change?

Adyen

–

Flutterwave

–

Fees

Published prices only, with the date we read them. Many providers negotiate prices instead.

How pricing works

Adyen

Adyen charges a fixed processing fee per transaction ($0.13 / €0.11 / £0.11, by pricing region) plus a payment-method fee. For Visa and Mastercard the method fee is shown as Interchange+ + 0.60%, so total card cost depends on interchange and scheme fees. No setup or monthly fees.

Flutterwave

Not yet researched

Published prices

Adyen

Pricing structure (all): Fixed processing fee + a fee set by the payment methodProcessing fee (fixed, every transaction) (US / global (USD view)): $0.13 per transaction, plus a payment-method feeVisa / Mastercard payment-method fee (global): Interchange+ + 0.60% (plus the fixed processing fee)Processing fee (fixed, every transaction) (EU (Europe pricing view, not country-specific)): €0.11 per transaction, plus a payment-method fee; Visa/Mastercard shown as €0.11 + Interchange+ + 0.60%Processing fee (fixed, every transaction) (UK (GBP pricing view)): £0.11 per transaction, plus a payment-method fee; Visa/Mastercard shown as £0.11 + Interchange+ + 0.60%Monthly / setup fees (all): No setup or monthly fees

Flutterwave

–

What you can sell

From each provider’s acceptable use policy. “Restricted” means allowed only with approval or conditions, or banned for part of the category.

Software and digital goods

Adyen

Not stated

Flutterwave

Not yet researched

Crypto

Adyen

RestrictedCryptocurrency exchange is restricted for merchants and prohibited for platform/partner businesses. Virtual currencies are listed under restricted money services.

Flutterwave

Not yet researched

Lending and financial services

Adyen

RestrictedMoney services, FX, money transfer, BNPL, insurance and brokerage are restricted for merchants (mostly prohibited for platforms). Credit repair, binary options, payday/unsecured loans and unlicensed financial advisers are prohibited.

Flutterwave

Not yet researched

Gambling

Adyen

RestrictedLegal gambling and games of skill with prizes are restricted for merchants and prohibited for platforms. Illegal gambling and any US-based gambling services are prohibited.

Flutterwave

Not yet researched

Adult content

Adyen

RestrictedAdult goods (excluding fetish products) are restricted. Fetish products, sexual content and sexual entertainment are prohibited for both merchants and platforms.

Flutterwave

Not yet researched

Dating

Adyen

RestrictedCasual dating is restricted for merchants and prohibited for platforms. Mail-order spouse and international matchmaking services are prohibited.

Flutterwave

Not yet researched

Firearms and weapons

Adyen

Not allowedTrade of weapons, ammunition, military arms, explosive devices and firearm parts is prohibited.

Flutterwave

Not yet researched

Cannabis and CBD

Adyen

RestrictedCannabis is restricted (documents needed) only in Canada; the line reads 'Cannabis (only in Canada)'. Outside Canada it is not offered as restricted, and drugs and 'other psychoactive products' are prohibited for both merchants and platforms. Treat cannabis outside Canada as not supported. CBD (as a highly regulated nutraceutical) is restricted for merchants and prohibited for platforms.

Flutterwave

Not yet researched

Supplements

Adyen

RestrictedNutraceuticals and food products are restricted for merchants and platforms (highly regulated ones such as CBD are prohibited for platforms).

Flutterwave

Not yet researched

Pharmacy and telemedicine

Adyen

RestrictedPharmaceuticals, prescription medicine and medical devices are restricted for merchants and platforms. IV therapy is prohibited.

Flutterwave

Not yet researched

Travel

Adyen

RestrictedTravel agents, tour operators, cruise lines and timeshares are restricted. Airlines and travel-related arrangement services are restricted for merchants and prohibited for platforms.

Flutterwave

Not yet researched

Multi-level marketing

Adyen

Not stated

Flutterwave

Not yet researched

Free-trial subscriptions

Adyen

Not allowedDeceptive marketing, including poorly disclosed negative options and cancellation or refund avoidance, is prohibited. Clearly disclosed subscriptions are not addressed.

Flutterwave

Not yet researched

Platform & marketplace

Run payments for other businesses: sign them up, take a cut, pay them out.

Sub-accounts for your users

Adyen

YesAdyen for Platforms: account holders and legal entities, with hosted or API onboarding and Adyen doing KYC.

Flutterwave

PartlySubaccounts are bank accounts that receive split payments. Flutterwave says the platform, not Flutterwave, is responsible for vetting merchants it adds.

Split payments and platform fees

Adyen

YesSplit each payment between users and take platform commission.

Flutterwave

YesSplit an incoming payment and a commission between one or more subaccounts, by percentage or flat amount.

Embeddable UI

Adyen

YesHosted onboarding and embeddable components for users.

Flutterwave

PartlyPrebuilt checkout options (Inline, Standard, HTML checkout), payment links and a store builder. No white-label onboarding or payout components were found.

Pay out to your users

Adyen

YesPayouts to users’ bank accounts, or into Adyen business accounts.

Flutterwave

YesBank, mobile money, wallet-to-wallet and cash-pickup transfers across many African countries, plus USD, EUR and GBP; Flutterwave cites 40+ payout countries.

Embedded finance for your users

Give your users financial products under your brand.

Accounts that hold money

Adyen

PartlyBusiness accounts with account numbers in BE, DE, ES, FR, GB, NL and the US. Adyen says the feature is still in development.

Flutterwave

PartlyPayout subaccounts create NGN-only wallets with a dedicated virtual account number for your end users. The FaaS page also advertises branded deposit accounts via API. Non-NGN user accounts were not found.

Cards for your users

Adyen

YesVirtual and physical Visa and Mastercard cards for platform users in Europe, the UK and the US.

Flutterwave

YesVirtual dollar and naira cards via API, and physical naira cards for your customers or employees.

Financing for your users

Adyen

YesCapital for platform users in Europe, the UK, Australia and the US.

Flutterwave

Not confirmedFlutterwave Capital lends to Flutterwave's own merchants in Nigeria, through partner banks. No product for platforms to offer loans to their users was found.

Consumer apps

Build for individuals, not just businesses, the way Bridge allows.

End users can be individuals

Adyen

NoAccount holders are organisations and sole proprietors, not consumers.

Flutterwave

PartlyPayout-subaccount wallets can be created for consumers, and the FaaS page advertises KYC and consumer deposit accounts. Consumer onboarding requirements are not documented.

Consumer wallets or accounts

Adyen

NoBusiness accounts only.

Flutterwave

PartlyNGN-only wallets held on behalf of your consumers (payout subaccounts).

Consumer cards

Adyen

NoCards serve platforms and their business users, for example payout cards for marketplace sellers.

Flutterwave

PartlyThe FaaS page advertises branded virtual and physical consumer debit cards. No developer documentation of a consumer card programme was fetched.

Stablecoins

Dollar-backed tokens as a payment and treasury rail.

Accept stablecoins

Adyen

NoNo stablecoin product found in public materials.

Flutterwave

PartlyFlutterwave's stablecoin docs mention transactions to and from wallet addresses and stablecoin-to-fiat conversion, but document only outbound transfers. No inbound stablecoin collection flow was found.

Hold stablecoin balances

Adyen

NoNo stablecoin product found in public materials.

Flutterwave

YesA stablecoin wallet balance funded by converting from fiat balances.

Pay out in stablecoins

Adyen

NoNo stablecoin product found in public materials.

Flutterwave

YesSend USDC, USDT or RLUSD to external wallets on Solana, Ethereum, Base or Polygon. Cross-stablecoin transfers (USDC to a USDT address) are not supported.

Issue your own stablecoin

Adyen

NoNo stablecoin product found in public materials.

Flutterwave

Not confirmedNot found in public materials (provider's own pages checked).

Regulatory risk in United States

Adyen

No stablecoin products

Flutterwave

Low risk

AI agents

Build with AI tools, and let AI agents shop and pay.

Official MCP server

Adyen

Not confirmedNo official MCP server found; only community-built ones.

Flutterwave

Not confirmedNo MCP server is published on Flutterwave's own pages. Community servers exist on GitHub but are not official.

Checkout for AI agents

Adyen

YesWorks as the payment provider behind Agentic Commerce Protocol checkouts, with gaps for CVC re-entry and network tokens. Also backs Google’s AP2 and the Universal Commerce Protocol.

Flutterwave

Not confirmedNot found in public materials (provider's own pages checked).

Cards for AI agents

Adyen

Not confirmedNot found in public materials.

Flutterwave

Not confirmedNot found in public materials (provider's own pages checked).

Working with them

How easy it is to get started.

Self-serve signup

Adyen

PartlyMost businesses go through Adyen’s sales team.

Flutterwave

Not confirmedNot researched yet.

Published pricing

Adyen

PartlyPer-transaction fees by payment method are published; overall terms are negotiated.

Flutterwave

Not confirmedNot researched yet.

Public API and sandbox

Adyen

YesPublic API and test environment.

Flutterwave

Not confirmedNot researched yet.

In short

Countries onboarded

Adyen

43 of 170

Flutterwave

12 of 170

Designed for

Adyen

High-volume merchants that want local acquiring and one contract across many regions.

Flutterwave

Businesses that need local collection and payouts across many African countries, plus US, UK and EU collection, from one account.

Limitations

Adyen

Onboarding goes through Adyen’s sales team, and the service is aimed at larger businesses.

Flutterwave

Products differ by country and currency, and Flutterwave does not say what businesses outside its 12 named countries can use.

	Adyen Payment processor	Flutterwave Regional processor
Onboards businesses in United States	Available	Available
Accept payments	Enterprise acquiring with local payment methods across most major markets, online and in person.	Online payment acceptance through checkout, payment links, invoices, a store builder and POS. Local methods include cards, bank transfer, bank account debit, USSD, mobile money and M-Pesa, depending on currency. Flutterwave says it collects in 30+ currencies.
Pay people abroad	Pay out to sellers and users through Adyen for Platforms.	Transfers from your balance to bank accounts, mobile money or other Flutterwave accounts, singly or in bulk, plus cash pickup in Egypt. Bank transfer guides cover Cameroon, Côte d'Ivoire, Egypt, Ghana, Kenya, Malawi, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda and international USD, EUR and GBP. Egypt bank transfers are off by default.
Multi-currency account	Business accounts for platform users in selected markets.	Virtual account numbers for receiving NGN and GHS bank transfers (by default for merchants in Nigeria and Ghana; others must ask). NGN-only wallets (payout subaccounts) can be created for your users. Flutterwave also holds a Nigerian microfinance banking licence and offers a Flutterwave MFB business account.
Business cards	Card issuing for platforms and businesses.	Flutterwave Issuing: virtual dollar and naira cards via dashboard or API, and physical naira cards for customers or employees (contact sales). Country eligibility is not stated.
Stablecoins	Not offered	Stablecoin wallets and transfers: fund a USDC/USDT/RLUSD wallet from NGN, USD, GBP, EUR or GHS balances and send to wallet addresses on Solana, Ethereum, Base or Polygon.
Yield on idle cash	Not offered	Not offered
Yield on idle cashA return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is.
Where the return comes from	No yield offered	No yield offered
Is the money protected?	–	–
Does the rate change?	–	–
FeesPublished prices only, with the date we read them. Many providers negotiate prices instead.
How pricing works	Adyen charges a fixed processing fee per transaction ($0.13 / €0.11 / £0.11, by pricing region) plus a payment-method fee. For Visa and Mastercard the method fee is shown as Interchange+ + 0.60%, so total card cost depends on interchange and scheme fees. No setup or monthly fees.	Not yet researched
Published prices	Pricing structure (all): Fixed processing fee + a fee set by the payment methodProcessing fee (fixed, every transaction) (US / global (USD view)): $0.13 per transaction, plus a payment-method feeVisa / Mastercard payment-method fee (global): Interchange+ + 0.60% (plus the fixed processing fee)Processing fee (fixed, every transaction) (EU (Europe pricing view, not country-specific)): €0.11 per transaction, plus a payment-method fee; Visa/Mastercard shown as €0.11 + Interchange+ + 0.60%Processing fee (fixed, every transaction) (UK (GBP pricing view)): £0.11 per transaction, plus a payment-method fee; Visa/Mastercard shown as £0.11 + Interchange+ + 0.60%Monthly / setup fees (all): No setup or monthly fees	–
What you can sellFrom each provider’s acceptable use policy. “Restricted” means allowed only with approval or conditions, or banned for part of the category.
Software and digital goods	Not stated	Not yet researched
Crypto	RestrictedCryptocurrency exchange is restricted for merchants and prohibited for platform/partner businesses. Virtual currencies are listed under restricted money services.	Not yet researched
Lending and financial services	RestrictedMoney services, FX, money transfer, BNPL, insurance and brokerage are restricted for merchants (mostly prohibited for platforms). Credit repair, binary options, payday/unsecured loans and unlicensed financial advisers are prohibited.	Not yet researched
Gambling	RestrictedLegal gambling and games of skill with prizes are restricted for merchants and prohibited for platforms. Illegal gambling and any US-based gambling services are prohibited.	Not yet researched
Adult content	RestrictedAdult goods (excluding fetish products) are restricted. Fetish products, sexual content and sexual entertainment are prohibited for both merchants and platforms.	Not yet researched
Dating	RestrictedCasual dating is restricted for merchants and prohibited for platforms. Mail-order spouse and international matchmaking services are prohibited.	Not yet researched
Firearms and weapons	Not allowedTrade of weapons, ammunition, military arms, explosive devices and firearm parts is prohibited.	Not yet researched
Cannabis and CBD	RestrictedCannabis is restricted (documents needed) only in Canada; the line reads 'Cannabis (only in Canada)'. Outside Canada it is not offered as restricted, and drugs and 'other psychoactive products' are prohibited for both merchants and platforms. Treat cannabis outside Canada as not supported. CBD (as a highly regulated nutraceutical) is restricted for merchants and prohibited for platforms.	Not yet researched
Supplements	RestrictedNutraceuticals and food products are restricted for merchants and platforms (highly regulated ones such as CBD are prohibited for platforms).	Not yet researched
Pharmacy and telemedicine	RestrictedPharmaceuticals, prescription medicine and medical devices are restricted for merchants and platforms. IV therapy is prohibited.	Not yet researched
Travel	RestrictedTravel agents, tour operators, cruise lines and timeshares are restricted. Airlines and travel-related arrangement services are restricted for merchants and prohibited for platforms.	Not yet researched
Multi-level marketing	Not stated	Not yet researched
Free-trial subscriptions	Not allowedDeceptive marketing, including poorly disclosed negative options and cancellation or refund avoidance, is prohibited. Clearly disclosed subscriptions are not addressed.	Not yet researched
Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users	YesAdyen for Platforms: account holders and legal entities, with hosted or API onboarding and Adyen doing KYC.	PartlySubaccounts are bank accounts that receive split payments. Flutterwave says the platform, not Flutterwave, is responsible for vetting merchants it adds.
Split payments and platform fees	YesSplit each payment between users and take platform commission.	YesSplit an incoming payment and a commission between one or more subaccounts, by percentage or flat amount.
Embeddable UI	YesHosted onboarding and embeddable components for users.	PartlyPrebuilt checkout options (Inline, Standard, HTML checkout), payment links and a store builder. No white-label onboarding or payout components were found.
Pay out to your users	YesPayouts to users’ bank accounts, or into Adyen business accounts.	YesBank, mobile money, wallet-to-wallet and cash-pickup transfers across many African countries, plus USD, EUR and GBP; Flutterwave cites 40+ payout countries.
Embedded finance for your usersGive your users financial products under your brand.
Accounts that hold money	PartlyBusiness accounts with account numbers in BE, DE, ES, FR, GB, NL and the US. Adyen says the feature is still in development.	PartlyPayout subaccounts create NGN-only wallets with a dedicated virtual account number for your end users. The FaaS page also advertises branded deposit accounts via API. Non-NGN user accounts were not found.
Cards for your users	YesVirtual and physical Visa and Mastercard cards for platform users in Europe, the UK and the US.	YesVirtual dollar and naira cards via API, and physical naira cards for your customers or employees.
Financing for your users	YesCapital for platform users in Europe, the UK, Australia and the US.	Not confirmedFlutterwave Capital lends to Flutterwave's own merchants in Nigeria, through partner banks. No product for platforms to offer loans to their users was found.
Consumer appsBuild for individuals, not just businesses, the way Bridge allows.
End users can be individuals	NoAccount holders are organisations and sole proprietors, not consumers.	PartlyPayout-subaccount wallets can be created for consumers, and the FaaS page advertises KYC and consumer deposit accounts. Consumer onboarding requirements are not documented.
Consumer wallets or accounts	NoBusiness accounts only.	PartlyNGN-only wallets held on behalf of your consumers (payout subaccounts).
Consumer cards	NoCards serve platforms and their business users, for example payout cards for marketplace sellers.	PartlyThe FaaS page advertises branded virtual and physical consumer debit cards. No developer documentation of a consumer card programme was fetched.
StablecoinsDollar-backed tokens as a payment and treasury rail.
Accept stablecoins	NoNo stablecoin product found in public materials.	PartlyFlutterwave's stablecoin docs mention transactions to and from wallet addresses and stablecoin-to-fiat conversion, but document only outbound transfers. No inbound stablecoin collection flow was found.
Hold stablecoin balances	NoNo stablecoin product found in public materials.	YesA stablecoin wallet balance funded by converting from fiat balances.
Pay out in stablecoins	NoNo stablecoin product found in public materials.	YesSend USDC, USDT or RLUSD to external wallets on Solana, Ethereum, Base or Polygon. Cross-stablecoin transfers (USDC to a USDT address) are not supported.
Issue your own stablecoin	NoNo stablecoin product found in public materials.	Not confirmedNot found in public materials (provider's own pages checked).
Regulatory risk in United States	No stablecoin products	Low risk
AI agentsBuild with AI tools, and let AI agents shop and pay.
Official MCP server	Not confirmedNo official MCP server found; only community-built ones.	Not confirmedNo MCP server is published on Flutterwave's own pages. Community servers exist on GitHub but are not official.
Checkout for AI agents	YesWorks as the payment provider behind Agentic Commerce Protocol checkouts, with gaps for CVC re-entry and network tokens. Also backs Google’s AP2 and the Universal Commerce Protocol.	Not confirmedNot found in public materials (provider's own pages checked).
Cards for AI agents	Not confirmedNot found in public materials.	Not confirmedNot found in public materials (provider's own pages checked).
Working with themHow easy it is to get started.
Self-serve signup	PartlyMost businesses go through Adyen’s sales team.	Not confirmedNot researched yet.
Published pricing	PartlyPer-transaction fees by payment method are published; overall terms are negotiated.	Not confirmedNot researched yet.
Public API and sandbox	YesPublic API and test environment.	Not confirmedNot researched yet.
In short
Countries onboarded	43 of 170	12 of 170
Designed for	High-volume merchants that want local acquiring and one contract across many regions.	Businesses that need local collection and payouts across many African countries, plus US, UK and EU collection, from one account.
Limitations	Onboarding goes through Adyen’s sales team, and the service is aimed at larger businesses.	Products differ by country and currency, and Flutterwave does not say what businesses outside its 12 named countries can use.

Common questions

Is Adyen or Flutterwave available in more countries?

Flutterwave. Of the 170 countries we track, Adyen onboards businesses in 43 and Flutterwave in 12 (and 153 more with limits). Both serve businesses in 43. Only Flutterwave: Argentina, Colombia, Chile, Peru, Saudi Arabia, Israel, Turkey, Egypt, Nigeria, Kenya, South Africa, Ghana and 110 more.

What do Adyen and Flutterwave offer?

Accept payments: Adyen yes, Flutterwave yes. Pay people abroad: Adyen yes, Flutterwave yes. Multi-currency account: Adyen yes, Flutterwave yes. Business cards: Adyen yes, Flutterwave yes. Stablecoins: Adyen no, Flutterwave yes. Yield on idle cash: Adyen no, Flutterwave no.

How do Adyen and Flutterwave differ for platforms and embedded finance?

Sub-accounts for your users: Adyen yes, Flutterwave partly. Embeddable UI: Adyen yes, Flutterwave partly. Financing for your users: Adyen yes, Flutterwave not confirmed. End users can be individuals: Adyen no, Flutterwave partly. Consumer wallets or accounts: Adyen no, Flutterwave partly. Consumer cards: Adyen no, Flutterwave partly. Accept stablecoins: Adyen no, Flutterwave partly. Hold stablecoin balances: Adyen no, Flutterwave yes. Pay out in stablecoins: Adyen no, Flutterwave yes. Issue your own stablecoin: Adyen no, Flutterwave not confirmed. Checkout for AI agents: Adyen yes, Flutterwave not confirmed.

Who is Adyen designed for?

High-volume merchants that want local acquiring and one contract across many regions. Limitations: Onboarding goes through Adyen’s sales team, and the service is aimed at larger businesses.

Who is Flutterwave designed for?

Businesses that need local collection and payouts across many African countries, plus US, UK and EU collection, from one account. Limitations: Products differ by country and currency, and Flutterwave does not say what businesses outside its 12 named countries can use.