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PayPal vs Rapyd

Of the 170 countries we track, PayPal onboards businesses in 91 (and 2 more with limits) and Rapyd in 62. Both serve businesses in 59.

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Onboards businesses in United States

PayPal

Available

Rapyd

Available

Accept payments

PayPal

PayPal wallet, cards and (in the US) Venmo at checkout, with buyer and seller protection.

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

PayPal

Mass payouts to PayPal and Venmo accounts worldwide. Bank payouts go through Hyperwallet.

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

PayPal

Hold balances in 20+ currencies inside a PayPal business account.

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

PayPal

PayPal Business Debit Mastercard.

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

PayPal

US businesses can accept crypto through Pay with Crypto and hold PayPal USD (PYUSD).

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

PayPal

US businesses holding PayPal USD (PYUSD) in their PayPal balance can opt in to rewards of around 3.7–4% a year, funded from the stablecoin’s reserve interest. Not available in New York.

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

PayPal

Moderate riskStablecoin rewards

Rapyd

No yield offered

Is the money protected?

PayPal

Stablecoins are not bank deposits and are not insured. The reward is a promotion funded by the issuer’s reserve interest; it can be changed or stopped, and US law bars issuers from paying interest directly.

Rapyd

–

Does the rate change?

PayPal

Set by the provider; tends to follow US Treasury rates.Last seen: Around 3.7–4% a year (2026)

Rapyd

–

Fees

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

How pricing works

PayPal

PayPal publishes per-market fee pages (both last updated 1 October 2026). US: 3.49% + 0.49 USD for PayPal Checkout, 2.99% + 0.49 USD for standard card payments, and 2.89% + 0.29 USD for Advanced Credit and Debit Card Payments (or interchange + 0.49% + 0.39 USD). International payments add 1.50%, currency conversion has a 3.00% spread, a chargeback costs $20 and a standard dispute $15. Fees are not returned on refunds. UK: 2.9% + 0.30 GBP standard rate (1.2% for card payers without a PayPal account), and Advanced card payments at 1.2% + 0.20 GBP (Amex 3.5%). International payments add 1.29% (EEA) or 1.99% (elsewhere). A chargeback costs £14 and a standard dispute £12.

Rapyd

Not yet researched

Published prices

PayPal

PayPal Checkout (US): 3.49% + fixed feeStandard credit and debit card payments (US): 2.99% + fixed feeFixed fee (USD) (US): 0.49 USD per commercial transaction received in USDInternational commercial transactions (US): +1.50% on top of the domestic rateCurrency conversion (US): 3.00% spread for most transactions (4.00% for some, e.g. Payouts in another currency)Chargeback fee (US): 20.00 USD per card chargeback on transactions not processed through a PayPal account or guest checkout

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

PayPal

Not stated

Rapyd

Not yet researched

Crypto

PayPal

RestrictedCryptocurrency, virtual in-game currencies and NFTs require pre-approval.

Rapyd

Not yet researched

Lending and financial services

PayPal

RestrictedMoney service businesses, e-money, stored value, escrow and investments require pre-approval. Traveler's checks, money orders, currency exchange, check cashing, certain credit repair, debt settlement and credit transactions, and payment processors collecting for merchants are prohibited.

Rapyd

Not yet researched

Gambling

PayPal

RestrictedGambling, gaming, prize draws and contests require pre-approval and are allowed only where operator and customers are in jurisdictions where they are legal.

Rapyd

Not yet researched

Adult content

PayPal

RestrictedDigitally delivered adult content (VOD, webcam) requires pre-approval. 'Certain sexually oriented materials or services' and obscene items are prohibited.

Rapyd

Not yet researched

Dating

PayPal

RestrictedOnline dating requires pre-approval.

Rapyd

Not yet researched

Firearms and weapons

PayPal

Not allowedAmmunition, firearms, certain firearm parts and certain regulated weapons or knives are prohibited.

Rapyd

Not yet researched

Cannabis and CBD

PayPal

Not stated

Rapyd

Not yet researched

Supplements

PayPal

Not stated

Rapyd

Not yet researched

Pharmacy and telemedicine

PayPal

RestrictedPrescription items, telemedicine and medical devices/services require pre-approval.

Rapyd

Not yet researched

Travel

PayPal

RestrictedAirlines and charter/air taxi operators require pre-approval. Other travel businesses (agencies, tours) are not mentioned.

Rapyd

Not yet researched

Multi-level marketing

PayPal

RestrictedMulti-level marketing and direct selling require pre-approval; pyramid/Ponzi schemes and 'certain multi-level marketing programs' are prohibited.

Rapyd

Not yet researched

Free-trial subscriptions

PayPal

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

PayPal

YesPayPal Complete Payments onboards sellers into their own PayPal business accounts. Braintree Marketplace creates sub-merchants, but only for US businesses.

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

PayPal

YesPlatform fees on seller payments; Braintree Marketplace splits each transaction and can hold funds in escrow.

Rapyd

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

Embeddable UI

PayPal

PartlySeller onboarding is a PayPal-hosted flow.

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

PayPal

YesPayouts API to PayPal and Venmo accounts; Hyperwallet for bank, card and cash payouts.

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

PayPal

NoSellers hold their own PayPal accounts; platforms cannot create accounts that hold money for users.

Rapyd

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

Cards for your users

PayPal

NoNo card issuing for platform users.

Rapyd

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

Financing for your users

PayPal

NoPayPal’s business loans are offered directly by PayPal, not through 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

PayPal

PartlyYou can pay individuals’ PayPal and Venmo accounts, but not build wallets or accounts for your own users.

Rapyd

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

Consumer wallets or accounts

PayPal

NoConsumers use PayPal’s own wallet.

Rapyd

YesPlatforms can create personal wallets for their customers.

Consumer cards

PayPal

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

PayPal

PartlyPay with Crypto lets US merchants accept crypto, settled in dollars.

Rapyd

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

Hold stablecoin balances

PayPal

PartlyUS accounts can hold PayPal USD (PYUSD).

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

PayPal

Not confirmedNot confirmed for platform payouts.

Rapyd

YesStablecoin payouts are listed as a Disburse rail.

Issue your own stablecoin

PayPal

NoPYUSD is PayPal’s own coin; you cannot issue one.

Rapyd

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

Regulatory risk in United States

PayPal

Low risk

Rapyd

Low risk

AI agents

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

Official MCP server

PayPal

YesAgent tooling for its APIs, and backing WebMCP so agents can use merchants’ existing storefronts.

Rapyd

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

Checkout for AI agents

PayPal

YesAdopted the Agentic Commerce Protocol for Instant Checkout in ChatGPT, rolling out in 2026, so PayPal merchants can sell in ChatGPT without their own integration.

Rapyd

Not confirmedNot found in public materials.

Cards for AI agents

PayPal

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

PayPal

YesSign up online.

Rapyd

Not confirmedNot researched yet.

Published pricing

PayPal

YesMerchant fees are published by country.

Rapyd

Not confirmedNot researched yet.

Public API and sandbox

PayPal

YesPublic REST API and sandbox.

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

PayPal

Awaiting approvalPayPal Bank in the USNo date given · Includes United States

Details and sources →

Rapyd

Nothing announced

In short

Countries onboarded

PayPal

91 of 170

Rapyd

62 of 170

Designed for

PayPal

Selling to customers who already pay with PayPal, including cross-border buyers.

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

PayPal

PayPal’s terms allow it to hold payments or set reserves, for example on new accounts or after a sudden rise in sales.

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.

	PayPal Payment processor	Rapyd Payment processor
Onboards businesses in United States	Available	Available
Accept payments	PayPal wallet, cards and (in the US) Venmo at checkout, with buyer and seller protection.	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	Mass payouts to PayPal and Venmo accounts worldwide. Bank payouts go through Hyperwallet.	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	Hold balances in 20+ currencies inside a PayPal business account.	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	PayPal Business Debit Mastercard.	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	US businesses can accept crypto through Pay with Crypto and hold PayPal USD (PYUSD).	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	US businesses holding PayPal USD (PYUSD) in their PayPal balance can opt in to rewards of around 3.7–4% a year, funded from the stablecoin’s reserve interest. Not available in New York.	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	Moderate riskStablecoin rewards	No yield offered
Is the money protected?	Stablecoins are not bank deposits and are not insured. The reward is a promotion funded by the issuer’s reserve interest; it can be changed or stopped, and US law bars issuers from paying interest directly.	–
Does the rate change?	Set by the provider; tends to follow US Treasury rates.Last seen: Around 3.7–4% a year (2026)	–
FeesPublished prices only, with the date we read them. Many providers negotiate prices instead.
How pricing works	PayPal publishes per-market fee pages (both last updated 1 October 2026). US: 3.49% + 0.49 USD for PayPal Checkout, 2.99% + 0.49 USD for standard card payments, and 2.89% + 0.29 USD for Advanced Credit and Debit Card Payments (or interchange + 0.49% + 0.39 USD). International payments add 1.50%, currency conversion has a 3.00% spread, a chargeback costs $20 and a standard dispute $15. Fees are not returned on refunds. UK: 2.9% + 0.30 GBP standard rate (1.2% for card payers without a PayPal account), and Advanced card payments at 1.2% + 0.20 GBP (Amex 3.5%). International payments add 1.29% (EEA) or 1.99% (elsewhere). A chargeback costs £14 and a standard dispute £12.	Not yet researched
Published prices	PayPal Checkout (US): 3.49% + fixed feeStandard credit and debit card payments (US): 2.99% + fixed feeFixed fee (USD) (US): 0.49 USD per commercial transaction received in USDInternational commercial transactions (US): +1.50% on top of the domestic rateCurrency conversion (US): 3.00% spread for most transactions (4.00% for some, e.g. Payouts in another currency)Chargeback fee (US): 20.00 USD per card chargeback on transactions not processed through a PayPal account or guest checkout	–
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, virtual in-game currencies and NFTs require pre-approval.	Not yet researched
Lending and financial services	RestrictedMoney service businesses, e-money, stored value, escrow and investments require pre-approval. Traveler's checks, money orders, currency exchange, check cashing, certain credit repair, debt settlement and credit transactions, and payment processors collecting for merchants are prohibited.	Not yet researched
Gambling	RestrictedGambling, gaming, prize draws and contests require pre-approval and are allowed only where operator and customers are in jurisdictions where they are legal.	Not yet researched
Adult content	RestrictedDigitally delivered adult content (VOD, webcam) requires pre-approval. 'Certain sexually oriented materials or services' and obscene items are prohibited.	Not yet researched
Dating	RestrictedOnline dating requires pre-approval.	Not yet researched
Firearms and weapons	Not allowedAmmunition, firearms, certain firearm parts and certain regulated weapons or knives are prohibited.	Not yet researched
Cannabis and CBD	Not stated	Not yet researched
Supplements	Not stated	Not yet researched
Pharmacy and telemedicine	RestrictedPrescription items, telemedicine and medical devices/services require pre-approval.	Not yet researched
Travel	RestrictedAirlines and charter/air taxi operators require pre-approval. Other travel businesses (agencies, tours) are not mentioned.	Not yet researched
Multi-level marketing	RestrictedMulti-level marketing and direct selling require pre-approval; pyramid/Ponzi schemes and 'certain multi-level marketing programs' are prohibited.	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	YesPayPal Complete Payments onboards sellers into their own PayPal business accounts. Braintree Marketplace creates sub-merchants, but only for US businesses.	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	YesPlatform fees on seller payments; Braintree Marketplace splits each transaction and can hold funds in escrow.	YesThe marketplace solution splits payments by predefined rules; the seller's share lands in a sub-account.
Embeddable UI	PartlySeller onboarding is a PayPal-hosted flow.	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	YesPayouts API to PayPal and Venmo accounts; Hyperwallet for bank, card and cash payouts.	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	NoSellers hold their own PayPal accounts; platforms cannot create accounts that hold money for users.	YesPlatforms issue wallets to consumers and businesses; each wallet can have several virtual account numbers.
Cards for your users	NoNo card issuing for platform users.	YesCards are funded by a Rapyd Wallet and linked to a wallet contact; issuing countries are confirmed with sales.
Financing for your users	NoPayPal’s business loans are offered directly by PayPal, not through 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	PartlyYou can pay individuals’ PayPal and Venmo accounts, but not build wallets or accounts for your own users.	YesWallets of type 'person' are for individual consumers, and Rapyd offers a hosted KYC page for wallet contacts.
Consumer wallets or accounts	NoConsumers use PayPal’s own wallet.	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	PartlyPay with Crypto lets US merchants accept crypto, settled in dollars.	YesAccept stablecoin payments and convert to fiat, or settle in stablecoin (since 9 Sep 2025, through third-party partners).
Hold stablecoin balances	PartlyUS accounts can hold PayPal USD (PYUSD).	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	Not confirmedNot confirmed for platform payouts.	YesStablecoin payouts are listed as a Disburse rail.
Issue your own stablecoin	NoPYUSD is PayPal’s own coin; you cannot issue one.	NoRapyd states it does not itself issue crypto assets; no branded-stablecoin product was found.
Regulatory risk in United States	Low risk	Low risk
AI agentsBuild with AI tools, and let AI agents shop and pay.
Official MCP server	YesAgent tooling for its APIs, and backing WebMCP so agents can use merchants’ existing storefronts.	Not confirmedNot found in public materials (Rapyd docs navigation and a web search, Oct 2026).
Checkout for AI agents	YesAdopted the Agentic Commerce Protocol for Instant Checkout in ChatGPT, rolling out in 2026, so PayPal merchants can sell in ChatGPT without their own integration.	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	YesSign up online.	Not confirmedNot researched yet.
Published pricing	YesMerchant fees are published by country.	Not confirmedNot researched yet.
Public API and sandbox	YesPublic REST API and sandbox.	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 approvalPayPal Bank in the USNo date given · Includes United States Details and sources →	Nothing announced
In short
Countries onboarded	91 of 170	62 of 170
Designed for	Selling to customers who already pay with PayPal, including cross-border buyers.	Businesses domiciled in a Rapyd-listed country that want card acquiring, local payment methods, payouts and a multi-currency wallet from one API.
Limitations	PayPal’s terms allow it to hold payments or set reserves, for example on new accounts or after a sudden rise in sales.	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 PayPal or Rapyd available in more countries?

PayPal. Of the 170 countries we track, PayPal onboards businesses in 91 (and 2 more with limits) and Rapyd in 62. Both serve businesses in 59. Only PayPal: Canada, United Arab Emirates, Saudi Arabia, Egypt, Kenya, Morocco, China, Bahamas, Belize, Costa Rica, Ecuador, Guatemala and 22 more. Only Rapyd: Turkey, Montenegro and North Macedonia.

What do PayPal and Rapyd offer?

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

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

Accounts that hold money: PayPal no, Rapyd yes. Cards for your users: PayPal no, Rapyd yes. Financing for your users: PayPal no, Rapyd not confirmed. End users can be individuals: PayPal partly, Rapyd yes. Consumer wallets or accounts: PayPal no, Rapyd yes. Consumer cards: PayPal no, Rapyd yes. Accept stablecoins: PayPal partly, Rapyd yes. Hold stablecoin balances: PayPal partly, Rapyd yes. Pay out in stablecoins: PayPal not confirmed, Rapyd yes. Official MCP server: PayPal yes, Rapyd not confirmed. Checkout for AI agents: PayPal yes, Rapyd not confirmed.

Who is PayPal designed for?

Selling to customers who already pay with PayPal, including cross-border buyers. Limitations: PayPal’s terms allow it to hold payments or set reserves, for example on new accounts or after a sudden rise in sales.

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.