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Checkout.com vs Rain
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Pick where your business is registered. Add up to two more providers.
Pick up to 4.
For a business registered in
Onboards businesses in United States
Checkout.com
AvailableRain
LimitedAccept payments
Checkout.com
Enterprise acquiring plus local methods such as mada, Bancontact and iDEAL.Rain
Not offeredPay people abroad
Checkout.com
Card payouts and bank payouts to recipients in supported countries.Multi-currency account
Checkout.com
Not offeredRain
Not offeredBusiness cards
Checkout.com
Card issuing for businesses and platforms.Rain
Virtual and physical cards funded from stablecoin balances, for consumers or businesses, with issuing, processing and program management under one contract.Stablecoins
Checkout.com
Stablecoin settlement has been offered to some merchants.Rain
Cards settle in USDC, and users can spend from custodial or self-custodial wallets on major chains.Yield on idle cash
Checkout.com
Not offeredRain
Not offeredYield 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
Checkout.com
No yield offeredRain
No yield offeredIs the money protected?
Checkout.com
–Rain
–Does the rate change?
Checkout.com
–Rain
–Platform & marketplace
Run payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users
Checkout.com
YesIntegrated Platforms onboards sub-entities with full or light checks.Rain
PartlyCreate cardholders and their card accounts through the API; not general-purpose sub-accounts.Split payments and platform fees
Checkout.com
YesSplit payments between the platform and sub-entities.Rain
NoNot a payment processor.Embeddable UI
Checkout.com
Not confirmedPayment UI components exist (Flow, Frames); embeddable onboarding components not confirmed.Rain
Not confirmedNot confirmed.Pay out to your users
Checkout.com
YesPayouts to sub-entities’ bank accounts or debit cards (card payouts on demand through Visa Direct and Mastercard).Embedded finance for your users
Give your users financial products under your brand.
Accounts that hold money
Checkout.com
PartlySub-entity currency account balances, used to fund card spend. Not full bank accounts.Rain
PartlyCard balances funded from each user’s stablecoin wallet.Cards for your users
Checkout.com
YesPlatforms can issue cards to the businesses or individuals under each sub-entity.Announced, not yet live: Card issuing in the UAERain
YesVirtual and physical Visa cards funded from stablecoin balances. Rain is a principal network member, so no sponsor bank is needed.Announced, not yet live: Credit card programs in Asia-PacificFinancing for your users
Checkout.com
Not confirmedNot found in public materials.Rain
PartlyCredit as well as prepaid card programs.Consumer apps
Build for individuals, not just businesses, the way Bridge allows.
End users can be individuals
Checkout.com
PartlyCardholders under a sub-entity can be individuals, and consumer vs commercial is a card program setting.Rain
YesConsumer programs are a core use case, for example Western Union’s Stablecard.Consumer wallets or accounts
Checkout.com
NoBalances belong to sub-entities, not consumers.Rain
PartlyCards connect to custodial or self-custodial wallets rather than Rain holding accounts.Consumer cards
Checkout.com
PartlyConsumer card products can be configured for platform programs.Rain
YesConsumer stablecoin cards, live with partners such as Western Union.Announced, not yet live: Credit card programs in Asia-PacificStablecoins
Dollar-backed tokens as a payment and treasury rail.
Accept stablecoins
Checkout.com
Not confirmedNot confirmed in public materials.Rain
NoCard issuing only.Hold stablecoin balances
Checkout.com
PartlyStablecoin settlement has been offered to some merchants.Rain
PartlyThrough custodial wallet integrations.Pay out in stablecoins
Checkout.com
Not confirmedNot confirmed in public materials.Issue your own stablecoin
Checkout.com
NoNo stablecoin product found in public materials.Rain
NoNo stablecoin product found in public materials.Regulatory risk in United States
Checkout.com
Low riskRain
Low riskAI agents
Build with AI tools, and let AI agents shop and pay.
Official MCP server
Checkout.com
YesOfficial MCP server in beta: payment status, refunds, voids, payment links and the docs, for tools like Claude Code and Cursor.Rain
Not confirmedNone found.Checkout for AI agents
Checkout.com
YesSupports the Agentic Commerce Protocol, Google’s AP2 and Mastercard Agent Pay.Rain
NoDoes not process checkout payments, so there is nothing for an agent to check out with.Cards for AI agents
Checkout.com
Not confirmedNot found in public materials.Rain
YesScoped, often single-use cards funded from stablecoin balances, with merchant limits, spend caps and approvals set in its Agent Control Layer (beta for enterprise developers).Working with them
How easy it is to get started.
Self-serve signup
Checkout.com
NoSales-led onboarding.Rain
NoPrograms are set up with Rain’s team.Published pricing
Checkout.com
NoPricing is negotiated.Rain
NoPricing is not published.Public API and sandbox
Checkout.com
YesPublic API and sandbox.Rain
YesSingle API for issuing and managing cards.Coming soon
Announced but not launched. These are plans, not products you can sign up for today: timing often slips, and some never ship.
Announced, not yet live
Checkout.com
Rain
In short
Countries onboarded
Checkout.com
37 of 170Rain
0 of 170Designed for
Checkout.com
Enterprises selling into the Gulf and Europe that need local acquiring, including mada in Saudi Arabia.Rain
Apps that want branded cards people can spend stablecoins with, without arranging a sponsor bank.Limitations
Checkout.com
Onboarding goes through Checkout.com’s sales team, and the service is aimed at larger merchants.Rain
Card issuing only: pair it with another provider for pay-ins, accounts and payouts.| Checkout.com Payment processor | Rain Card issuing | |
|---|---|---|
| Onboards businesses in United States | Available | Limited |
| Accept payments | Enterprise acquiring plus local methods such as mada, Bancontact and iDEAL. | Not offered |
| Pay people abroad | Card payouts and bank payouts to recipients in supported countries. | Not offeredAnnounced, not yet live: Payouts from stablecoin balances |
| Multi-currency account | Not offered | Not offered |
| Business cards | Card issuing for businesses and platforms. | Virtual and physical cards funded from stablecoin balances, for consumers or businesses, with issuing, processing and program management under one contract. |
| Stablecoins | Stablecoin settlement has been offered to some merchants. | Cards settle in USDC, and users can spend from custodial or self-custodial wallets on major chains. |
| 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? | – | – |
| Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out. | ||
| Sub-accounts for your users | YesIntegrated Platforms onboards sub-entities with full or light checks. | PartlyCreate cardholders and their card accounts through the API; not general-purpose sub-accounts. |
| Split payments and platform fees | YesSplit payments between the platform and sub-entities. | NoNot a payment processor. |
| Embeddable UI | Not confirmedPayment UI components exist (Flow, Frames); embeddable onboarding components not confirmed. | Not confirmedNot confirmed. |
| Pay out to your users | YesPayouts to sub-entities’ bank accounts or debit cards (card payouts on demand through Visa Direct and Mastercard). | Not confirmedNot confirmed.Announced, not yet live: Payouts from stablecoin balances |
| Embedded finance for your usersGive your users financial products under your brand. | ||
| Accounts that hold money | PartlySub-entity currency account balances, used to fund card spend. Not full bank accounts. | PartlyCard balances funded from each user’s stablecoin wallet. |
| Cards for your users | YesPlatforms can issue cards to the businesses or individuals under each sub-entity.Announced, not yet live: Card issuing in the UAE | YesVirtual and physical Visa cards funded from stablecoin balances. Rain is a principal network member, so no sponsor bank is needed.Announced, not yet live: Credit card programs in Asia-Pacific |
| Financing for your users | Not confirmedNot found in public materials. | PartlyCredit as well as prepaid card programs. |
| Consumer appsBuild for individuals, not just businesses, the way Bridge allows. | ||
| End users can be individuals | PartlyCardholders under a sub-entity can be individuals, and consumer vs commercial is a card program setting. | YesConsumer programs are a core use case, for example Western Union’s Stablecard. |
| Consumer wallets or accounts | NoBalances belong to sub-entities, not consumers. | PartlyCards connect to custodial or self-custodial wallets rather than Rain holding accounts. |
| Consumer cards | PartlyConsumer card products can be configured for platform programs. | YesConsumer stablecoin cards, live with partners such as Western Union.Announced, not yet live: Credit card programs in Asia-Pacific |
| StablecoinsDollar-backed tokens as a payment and treasury rail. | ||
| Accept stablecoins | Not confirmedNot confirmed in public materials. | NoCard issuing only. |
| Hold stablecoin balances | PartlyStablecoin settlement has been offered to some merchants. | PartlyThrough custodial wallet integrations. |
| Pay out in stablecoins | Not confirmedNot confirmed in public materials. | Not confirmedNot confirmed.Announced, not yet live: Payouts from stablecoin balances |
| Issue your own stablecoin | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Regulatory risk in United States | Low risk | Low risk |
| AI agentsBuild with AI tools, and let AI agents shop and pay. | ||
| Official MCP server | YesOfficial MCP server in beta: payment status, refunds, voids, payment links and the docs, for tools like Claude Code and Cursor. | Not confirmedNone found. |
| Checkout for AI agents | YesSupports the Agentic Commerce Protocol, Google’s AP2 and Mastercard Agent Pay. | NoDoes not process checkout payments, so there is nothing for an agent to check out with. |
| Cards for AI agents | Not confirmedNot found in public materials. | YesScoped, often single-use cards funded from stablecoin balances, with merchant limits, spend caps and approvals set in its Agent Control Layer (beta for enterprise developers). |
| Working with themHow easy it is to get started. | ||
| Self-serve signup | NoSales-led onboarding. | NoPrograms are set up with Rain’s team. |
| Published pricing | NoPricing is negotiated. | NoPricing is not published. |
| Public API and sandbox | YesPublic API and sandbox. | YesSingle API for issuing and managing cards. |
| Coming soonAnnounced but not launched. These are plans, not products you can sign up for today: timing often slips, and some never ship. | ||
| Announced, not yet live | Awaiting approvalIts own US acquiring bankExpected by the end of 2026 · Includes United States Awaiting approvalCard issuing in the UAENo date given Details and sources → | Preview or betaPayouts from stablecoin balancesExpected by the end of 2026 AnnouncedLater than expectedCredit card programs in Asia-PacificExpected Q2 2026, not launched yet Details and sources → |
| In short | ||
| Countries onboarded | 37 of 170 | 0 of 170 |
| Designed for | Enterprises selling into the Gulf and Europe that need local acquiring, including mada in Saudi Arabia. | Apps that want branded cards people can spend stablecoins with, without arranging a sponsor bank. |
| Limitations | Onboarding goes through Checkout.com’s sales team, and the service is aimed at larger merchants. | Card issuing only: pair it with another provider for pay-ins, accounts and payouts. |
Common questions
Is Checkout.com or Rain available in more countries?
Rain. Of the 170 countries we track, Checkout.com onboards businesses in 37 (and 1 more with limits) and Rain in 0 (and 65 more with limits). Both serve businesses in 38. Only Rain: Canada, Mexico, Brazil, Argentina, Colombia, Chile, Peru, Israel, Turkey, Egypt, Nigeria, Kenya and 15 more.
What do Checkout.com and Rain offer?
Accept payments: Checkout.com yes, Rain no. Pay people abroad: Checkout.com yes, Rain no. Multi-currency account: Checkout.com no, Rain no. Business cards: Checkout.com yes, Rain yes. Stablecoins: Checkout.com yes, Rain yes. Yield on idle cash: Checkout.com no, Rain no.
How do Checkout.com and Rain differ for platforms and embedded finance?
Sub-accounts for your users: Checkout.com yes, Rain partly. Split payments and platform fees: Checkout.com yes, Rain no. Pay out to your users: Checkout.com yes, Rain not confirmed. Financing for your users: Checkout.com not confirmed, Rain partly. End users can be individuals: Checkout.com partly, Rain yes. Consumer wallets or accounts: Checkout.com no, Rain partly. Consumer cards: Checkout.com partly, Rain yes. Accept stablecoins: Checkout.com not confirmed, Rain no. Official MCP server: Checkout.com yes, Rain not confirmed. Checkout for AI agents: Checkout.com yes, Rain no. Cards for AI agents: Checkout.com not confirmed, Rain yes.
Who is Checkout.com designed for?
Enterprises selling into the Gulf and Europe that need local acquiring, including mada in Saudi Arabia. Limitations: Onboarding goes through Checkout.com’s sales team, and the service is aimed at larger merchants.
Who is Rain designed for?
Apps that want branded cards people can spend stablecoins with, without arranging a sponsor bank. Limitations: Card issuing only: pair it with another provider for pay-ins, accounts and payouts.
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