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Mercury vs Rapyd

Of the 170 countries we track, Mercury onboards businesses in 1 and Rapyd in 62. Both serve businesses in 1.

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For a business registered in

Onboards businesses in United States

Mercury

Available

Rapyd

Available

Accept payments

Mercury

Invoices your customers pay by card or ACH debit, also available through the API.

Rapyd

Online card acquiring and local payment methods (cards, wallets, bank transfers, stablecoins, cash vouchers) through an API, hosted checkout, payment links and plugins, with subscriptions. Rapyd says customers can pay from 190+ markets in 150+ currencies.

Pay people abroad

Mercury

Domestic ACH and wires, international wires, and API payments to saved recipients.

Rapyd

Rapyd Disburse sends single and mass payouts by bank transfer, real-time payment networks, card payouts (Visa Direct, Mastercard Send), stablecoins and third-party wallets. Rapyd states 190+ countries and 120+ currencies.

Multi-currency account

Mercury

US dollar checking and savings with FDIC insurance through partner banks, plus Treasury for idle cash.

Rapyd

Every Rapyd client gets a Rapyd Wallet: a multi-currency balance with fiat and stablecoin support, sub-accounts, and virtual account numbers (vIBANs and local formats) for receiving transfers. Rapyd also documents a separate Rapyd Business Account for Hong Kong businesses (HKD, USD, EUR and GBP balances; HK, UK and Europe receiving accounts).

Business cards

Mercury

Debit cards and the IO corporate credit card with spend controls.

Rapyd

Rapyd Issuing creates pre-funded physical and virtual cards drawn on a Rapyd Wallet, with spending limits and merchant restrictions. Issuing is offered in specific countries only, confirmed with sales; Rapyd cites 10+ markets.

Stablecoins

Mercury

Not offered

Rapyd

Since 9 September 2025, businesses can accept stablecoin payments (converted to fiat), settle in stablecoins or fiat, and pay out in stablecoins. Rapyd says this runs through regulated third-party partners and that it does not itself issue, custody or directly process crypto assets. Supported coins are not named.

Yield on idle cash

Mercury

Mercury Treasury invests idle cash in government money market funds and, since August 2026, an ultra-short bond fund. It is not FDIC insured, may lose value, and carries a 0.15–0.60% fee.

Rapyd

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

Mercury

Low risk, not insuredMoney market fundModerate riskShort-term bond fund

Rapyd

No yield offered

Is the money protected?

Mercury

Money market fund: Not a deposit and not insured. The fund holds short-term government debt and aims to keep its value stable, but that is not guaranteed. Broker protection (SIPC in the US) covers the broker failing, not investment losses.Short-term bond fund: Not insured, and the price moves every day, so you can get back less than you put in.

Rapyd

–

Does the rate change?

Mercury

Floats daily with central bank rates, so it falls when rates are cut. Moves with interest rates and bond prices.Last seen: Up to about 3.6% net, for the largest balances (May 2026)

Rapyd

–

Fees

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

How pricing works

Mercury

Mercury's core banking is $0 per month. Paid plans are Plus and Pro ($29.90 and $299 per month on annual billing; Mercury's FAQ says paid plans start at $35/month). ACH and domestic wires are free; USD international wires are free (or a flat $15 to send as OUR); non-USD international wires carry a 1% conversion fee; non-USD card transactions carry an international transaction fee (rate not stated on the page).

Rapyd

Not yet researched

Published prices

Mercury

Base plan (US): $0 per monthPaid plans (US): Plus $29.90/month and Pro $299/month (annual-billing prices shown, 15% off); FAQ says paid plans start at $35/monthDomestic transfers (US): ACH, domestic wires and real-time payments freeInternational wires (US): USD international wires free (SHA; intermediary bank fees may be deducted from what the recipient gets), or a flat $15 to send as OUR so intermediary fees are charged to Mercury; 1% conversion fee on non-USD international wires (contact Mercury if exchanging over $200K)Card FX (US): International transaction fee on non-USD debit and credit card transactions (rate not stated on the pricing page)

Rapyd

–

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

Mercury

Not stated

Rapyd

Not yet researched

Crypto

Mercury

RestrictedCrypto exchanges cannot open accounts. Mercury says it supports many other crypto and Web3 businesses (startups, DAOs, funds); accounts hold fiat only.

Rapyd

Not yet researched

Lending and financial services

Mercury

RestrictedMoney services businesses cannot open accounts. Other financial services (e.g. funds) are not excluded.

Rapyd

Not yet researched

Gambling

Mercury

Not allowedInternet gambling businesses cannot open accounts, and the Terms bar online gambling transactions even where legal.

Rapyd

Not yet researched

Adult content

Mercury

Not allowedAdult entertainment businesses cannot open accounts.

Rapyd

Not yet researched

Dating

Mercury

Not stated

Rapyd

Not yet researched

Firearms and weapons

Mercury

Not allowedMercury's Web3 FAQ says it can't work with businesses that sell firearms, weapons or ammunition. This is not repeated on the eligibility article.

Rapyd

Not yet researched

Cannabis and CBD

Mercury

Not allowedCannabis businesses cannot open accounts; the Web3 FAQ adds CBD and cannabis-derived products.

Rapyd

Not yet researched

Supplements

Mercury

Not stated

Rapyd

Not yet researched

Pharmacy and telemedicine

Mercury

Not stated

Rapyd

Not yet researched

Travel

Mercury

Not stated

Rapyd

Not yet researched

Multi-level marketing

Mercury

Not stated

Rapyd

Not yet researched

Free-trial subscriptions

Mercury

Not stated

Rapyd

Not yet researched

Platform & marketplace

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

Sub-accounts for your users

Mercury

NoMercury’s API manages your own accounts; there is no product for creating accounts for your users.

Rapyd

YesPartners create merchant organisations and submit KYB applications, including sub-merchant applications, through the partner onboarding API. Merchants who use Rapyd through a marketplace complete Rapyd's own KYB through a hosted page.

Split payments and platform fees

Mercury

NoNot a payment processor.

Rapyd

YesThe marketplace solution splits payments by predefined rules; the seller's share lands in a sub-account.

Embeddable UI

Mercury

NoNo embeddable components.

Rapyd

PartlyRapyd offers hosted pages (identity verification, virtual card display, hosted checkout) and markets white-label checkout and payouts. Embeddable onboarding components were not found.

Pay out to your users

Mercury

PartlyAPI payments to saved recipients by ACH or wire. Fine for paying vendors, not built for paying a platform’s users at scale.

Rapyd

YesDisburse supports B2B, B2C and C2C payouts to bank accounts, cards, RTP networks, wallets and stablecoins.

Embedded finance for your users

Give your users financial products under your brand.

Accounts that hold money

Mercury

NoNot offered to platforms.

Rapyd

YesPlatforms issue wallets to consumers and businesses; each wallet can have several virtual account numbers.

Cards for your users

Mercury

NoCards are for your own team.

Rapyd

YesCards are funded by a Rapyd Wallet and linked to a wallet contact; issuing countries are confirmed with sales.

Financing for your users

Mercury

NoNot offered to platforms.

Rapyd

Not confirmedNo lending product found. The Wallet FAQ says the infrastructure enables 'fintech capabilities like lending', but no lending product or terms were found.

Consumer apps

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

End users can be individuals

Mercury

NoMercury Personal is Mercury’s own consumer banking; you cannot build consumer products on it.

Rapyd

YesWallets of type 'person' are for individual consumers, and Rapyd offers a hosted KYC page for wallet contacts.

Consumer wallets or accounts

Mercury

NoNot offered to platforms.

Rapyd

YesPlatforms can create personal wallets for their customers.

Consumer cards

Mercury

NoNot offered to platforms.

Rapyd

YesRapyd's docs describe Issuing as issuing cards to consumers and businesses. Issuing countries are confirmed with sales.

Stablecoins

Dollar-backed tokens as a payment and treasury rail.

Accept stablecoins

Mercury

NoNo stablecoin product found in public materials.

Rapyd

YesAccept stablecoin payments and convert to fiat, or settle in stablecoin (since 9 Sep 2025, through third-party partners).

Hold stablecoin balances

Mercury

NoNo stablecoin product found in public materials.

Rapyd

YesRapyd says the Wallet natively supports stablecoins and that businesses can settle in stablecoins. Rapyd itself does not custody crypto; partners provide this.

Pay out in stablecoins

Mercury

NoNo stablecoin product found in public materials.

Rapyd

YesStablecoin payouts are listed as a Disburse rail.

Issue your own stablecoin

Mercury

NoNo stablecoin product found in public materials.

Rapyd

NoRapyd states it does not itself issue crypto assets; no branded-stablecoin product was found.

Regulatory risk in United States

Mercury

No stablecoin products

Rapyd

Low risk

AI agents

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

Official MCP server

Mercury

YesHosted MCP server in beta: AI assistants can read balances, transactions, cards and recipients, with OAuth sign-in.

Rapyd

Not confirmedNot found in public materials (Rapyd docs navigation and a web search, Oct 2026).

Checkout for AI agents

Mercury

NoDoes not process checkout payments, so there is nothing for an agent to check out with.

Rapyd

Not confirmedNot found in public materials.

Cards for AI agents

Mercury

Not confirmedNot found in public materials.

Rapyd

Not confirmedNot found in public materials.

Working with them

How easy it is to get started.

Self-serve signup

Mercury

YesApply online.

Rapyd

Not confirmedNot researched yet.

Published pricing

Mercury

YesFree core plan; paid plans are published.

Rapyd

Not confirmedNot researched yet.

Public API and sandbox

Mercury

YesREST API for accounts, transactions, payments and invoicing, with webhooks and OAuth for partner apps.

Rapyd

Not confirmedNot researched yet.

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

Mercury

Awaiting approvalMercury Bank, N.A.No date given · Includes United States

Details and sources →

Rapyd

Nothing announced

In short

Countries onboarded

Mercury

1 of 170

Rapyd

62 of 170

Designed for

Mercury

US startups that want a fast, API-friendly bank account, including founders based outside the US.

Rapyd

Businesses domiciled in a Rapyd-listed country that want card acquiring, local payment methods, payouts and a multi-currency wallet from one API.

Limitations

Mercury

Only for US-registered companies, and not designed for building products on top of.

Rapyd

Rapyd's own merchant-location lists disagree for about a dozen countries, and card pricing outside a few Latin American markets is quoted rather than published.

	Mercury Business banking	Rapyd Payment processor
Onboards businesses in United States	Available	Available
Accept payments	Invoices your customers pay by card or ACH debit, also available through the API.	Online card acquiring and local payment methods (cards, wallets, bank transfers, stablecoins, cash vouchers) through an API, hosted checkout, payment links and plugins, with subscriptions. Rapyd says customers can pay from 190+ markets in 150+ currencies.
Pay people abroad	Domestic ACH and wires, international wires, and API payments to saved recipients.	Rapyd Disburse sends single and mass payouts by bank transfer, real-time payment networks, card payouts (Visa Direct, Mastercard Send), stablecoins and third-party wallets. Rapyd states 190+ countries and 120+ currencies.
Multi-currency account	US dollar checking and savings with FDIC insurance through partner banks, plus Treasury for idle cash.	Every Rapyd client gets a Rapyd Wallet: a multi-currency balance with fiat and stablecoin support, sub-accounts, and virtual account numbers (vIBANs and local formats) for receiving transfers. Rapyd also documents a separate Rapyd Business Account for Hong Kong businesses (HKD, USD, EUR and GBP balances; HK, UK and Europe receiving accounts).
Business cards	Debit cards and the IO corporate credit card with spend controls.	Rapyd Issuing creates pre-funded physical and virtual cards drawn on a Rapyd Wallet, with spending limits and merchant restrictions. Issuing is offered in specific countries only, confirmed with sales; Rapyd cites 10+ markets.
Stablecoins	Not offered	Since 9 September 2025, businesses can accept stablecoin payments (converted to fiat), settle in stablecoins or fiat, and pay out in stablecoins. Rapyd says this runs through regulated third-party partners and that it does not itself issue, custody or directly process crypto assets. Supported coins are not named.
Yield on idle cash	Mercury Treasury invests idle cash in government money market funds and, since August 2026, an ultra-short bond fund. It is not FDIC insured, may lose value, and carries a 0.15–0.60% fee.	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	Low risk, not insuredMoney market fundModerate riskShort-term bond fund	No yield offered
Is the money protected?	Money market fund: Not a deposit and not insured. The fund holds short-term government debt and aims to keep its value stable, but that is not guaranteed. Broker protection (SIPC in the US) covers the broker failing, not investment losses.Short-term bond fund: Not insured, and the price moves every day, so you can get back less than you put in.	–
Does the rate change?	Floats daily with central bank rates, so it falls when rates are cut. Moves with interest rates and bond prices.Last seen: Up to about 3.6% net, for the largest balances (May 2026)	–
FeesPublished prices only, with the date we read them. Many providers negotiate prices instead.
How pricing works	Mercury's core banking is $0 per month. Paid plans are Plus and Pro ($29.90 and $299 per month on annual billing; Mercury's FAQ says paid plans start at $35/month). ACH and domestic wires are free; USD international wires are free (or a flat $15 to send as OUR); non-USD international wires carry a 1% conversion fee; non-USD card transactions carry an international transaction fee (rate not stated on the page).	Not yet researched
Published prices	Base plan (US): $0 per monthPaid plans (US): Plus $29.90/month and Pro $299/month (annual-billing prices shown, 15% off); FAQ says paid plans start at $35/monthDomestic transfers (US): ACH, domestic wires and real-time payments freeInternational wires (US): USD international wires free (SHA; intermediary bank fees may be deducted from what the recipient gets), or a flat $15 to send as OUR so intermediary fees are charged to Mercury; 1% conversion fee on non-USD international wires (contact Mercury if exchanging over $200K)Card FX (US): International transaction fee on non-USD debit and credit card transactions (rate not stated on the pricing page)	–
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	RestrictedCrypto exchanges cannot open accounts. Mercury says it supports many other crypto and Web3 businesses (startups, DAOs, funds); accounts hold fiat only.	Not yet researched
Lending and financial services	RestrictedMoney services businesses cannot open accounts. Other financial services (e.g. funds) are not excluded.	Not yet researched
Gambling	Not allowedInternet gambling businesses cannot open accounts, and the Terms bar online gambling transactions even where legal.	Not yet researched
Adult content	Not allowedAdult entertainment businesses cannot open accounts.	Not yet researched
Dating	Not stated	Not yet researched
Firearms and weapons	Not allowedMercury's Web3 FAQ says it can't work with businesses that sell firearms, weapons or ammunition. This is not repeated on the eligibility article.	Not yet researched
Cannabis and CBD	Not allowedCannabis businesses cannot open accounts; the Web3 FAQ adds CBD and cannabis-derived products.	Not yet researched
Supplements	Not stated	Not yet researched
Pharmacy and telemedicine	Not stated	Not yet researched
Travel	Not stated	Not yet researched
Multi-level marketing	Not stated	Not yet researched
Free-trial subscriptions	Not stated	Not yet researched
Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users	NoMercury’s API manages your own accounts; there is no product for creating accounts for your users.	YesPartners create merchant organisations and submit KYB applications, including sub-merchant applications, through the partner onboarding API. Merchants who use Rapyd through a marketplace complete Rapyd's own KYB through a hosted page.
Split payments and platform fees	NoNot a payment processor.	YesThe marketplace solution splits payments by predefined rules; the seller's share lands in a sub-account.
Embeddable UI	NoNo embeddable components.	PartlyRapyd offers hosted pages (identity verification, virtual card display, hosted checkout) and markets white-label checkout and payouts. Embeddable onboarding components were not found.
Pay out to your users	PartlyAPI payments to saved recipients by ACH or wire. Fine for paying vendors, not built for paying a platform’s users at scale.	YesDisburse supports B2B, B2C and C2C payouts to bank accounts, cards, RTP networks, wallets and stablecoins.
Embedded finance for your usersGive your users financial products under your brand.
Accounts that hold money	NoNot offered to platforms.	YesPlatforms issue wallets to consumers and businesses; each wallet can have several virtual account numbers.
Cards for your users	NoCards are for your own team.	YesCards are funded by a Rapyd Wallet and linked to a wallet contact; issuing countries are confirmed with sales.
Financing for your users	NoNot offered to platforms.	Not confirmedNo lending product found. The Wallet FAQ says the infrastructure enables 'fintech capabilities like lending', but no lending product or terms were found.
Consumer appsBuild for individuals, not just businesses, the way Bridge allows.
End users can be individuals	NoMercury Personal is Mercury’s own consumer banking; you cannot build consumer products on it.	YesWallets of type 'person' are for individual consumers, and Rapyd offers a hosted KYC page for wallet contacts.
Consumer wallets or accounts	NoNot offered to platforms.	YesPlatforms can create personal wallets for their customers.
Consumer cards	NoNot offered to platforms.	YesRapyd's docs describe Issuing as issuing cards to consumers and businesses. Issuing countries are confirmed with sales.
StablecoinsDollar-backed tokens as a payment and treasury rail.
Accept stablecoins	NoNo stablecoin product found in public materials.	YesAccept stablecoin payments and convert to fiat, or settle in stablecoin (since 9 Sep 2025, through third-party partners).
Hold stablecoin balances	NoNo stablecoin product found in public materials.	YesRapyd says the Wallet natively supports stablecoins and that businesses can settle in stablecoins. Rapyd itself does not custody crypto; partners provide this.
Pay out in stablecoins	NoNo stablecoin product found in public materials.	YesStablecoin payouts are listed as a Disburse rail.
Issue your own stablecoin	NoNo stablecoin product found in public materials.	NoRapyd states it does not itself issue crypto assets; no branded-stablecoin product was found.
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	YesHosted MCP server in beta: AI assistants can read balances, transactions, cards and recipients, with OAuth sign-in.	Not confirmedNot found in public materials (Rapyd docs navigation and a web search, Oct 2026).
Checkout for AI agents	NoDoes not process checkout payments, so there is nothing for an agent to check out with.	Not confirmedNot found in public materials.
Cards for AI agents	Not confirmedNot found in public materials.	Not confirmedNot found in public materials.
Working with themHow easy it is to get started.
Self-serve signup	YesApply online.	Not confirmedNot researched yet.
Published pricing	YesFree core plan; paid plans are published.	Not confirmedNot researched yet.
Public API and sandbox	YesREST API for accounts, transactions, payments and invoicing, with webhooks and OAuth for partner apps.	Not confirmedNot researched yet.
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 approvalMercury Bank, N.A.No date given · Includes United States Details and sources →	Nothing announced
In short
Countries onboarded	1 of 170	62 of 170
Designed for	US startups that want a fast, API-friendly bank account, including founders based outside the US.	Businesses domiciled in a Rapyd-listed country that want card acquiring, local payment methods, payouts and a multi-currency wallet from one API.
Limitations	Only for US-registered companies, and not designed for building products on top of.	Rapyd's own merchant-location lists disagree for about a dozen countries, and card pricing outside a few Latin American markets is quoted rather than published.

Common questions

Is Mercury or Rapyd available in more countries?

Rapyd. Of the 170 countries we track, Mercury onboards businesses in 1 and Rapyd in 62. Both serve businesses in 1. Only Rapyd: Mexico, Brazil, Argentina, Colombia, Chile, Peru, United Kingdom, Ireland, Germany, France, Netherlands, Belgium and 49 more.

What do Mercury and Rapyd offer?

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

How do Mercury and Rapyd differ for platforms and embedded finance?

Sub-accounts for your users: Mercury no, Rapyd yes. Split payments and platform fees: Mercury no, Rapyd yes. Embeddable UI: Mercury no, Rapyd partly. Pay out to your users: Mercury partly, Rapyd yes. Accounts that hold money: Mercury no, Rapyd yes. Cards for your users: Mercury no, Rapyd yes. Financing for your users: Mercury no, Rapyd not confirmed. End users can be individuals: Mercury no, Rapyd yes. Consumer wallets or accounts: Mercury no, Rapyd yes. Consumer cards: Mercury no, Rapyd yes. Accept stablecoins: Mercury no, Rapyd yes. Hold stablecoin balances: Mercury no, Rapyd yes. Pay out in stablecoins: Mercury no, Rapyd yes. Official MCP server: Mercury yes, Rapyd not confirmed. Checkout for AI agents: Mercury no, Rapyd not confirmed.

Who is Mercury designed for?

US startups that want a fast, API-friendly bank account, including founders based outside the US. Limitations: Only for US-registered companies, and not designed for building products on top of.

Who is Rapyd designed for?

Businesses domiciled in a Rapyd-listed country that want card acquiring, local payment methods, payouts and a multi-currency wallet from one API. Limitations: Rapyd's own merchant-location lists disagree for about a dozen countries, and card pricing outside a few Latin American markets is quoted rather than published.