Banking Circle vs Rapyd — fees, markets, methods

Banking Circle and Rapyd at a glance

	Banking Circle	Rapyd
Type	Provider	Provider
Headquarters	Luxembourg	Israel
Founded	2013	2016
Part of	EQT (EQT VIII and EQT Ventures funds)
Countries covered	8	81
Payment methods	10	56
Currencies	23 — AED, AUD, CAD, CHF, CZK, DKK…	73 — AED, AMD, ARS, AUD, BAM, BDT…
Pricing	On request	On request
Settlement	Real-time on instant rails (SEPA Instant, Faster Payments, NPP); RTGS same day; SWIFT for other currencies	Method-dependent: Pix real time; Latin American cash and bank redirect typically 2-3 days
Regulators	Commission de Surveillance du Secteur Financier (CSSF), Prudential Regulation Authority / Financial Conduct Authority, Danish Financial Supervisory Authority (Finanstilsynet), BaFin, Finansinspektionen, Finanstilsynet (Norway), Finanzmarktaufsicht Liechtenstein (FMA), Australian Prudential Regulation Authority	Financial Conduct Authority (FCA), Central Bank of Iceland (Seðlabanki Íslands), Monetary Authority of Singapore (MAS), Hong Kong Customs and Excise Department, Hong Kong Companies Registry, Israel Securities Authority (ISA), FinCEN
Categories	Bank Transfer, Banking, Cross Border, IBAN Issuance	ACH, Bank Transfer, Banking, Card Issuance, Cards, Cash, Cross Border, Crypto, Direct Debit, Gateway, IBAN Issuance, POS, Terminals & Kiosks, Wallet
Industries	Crypto, Fintech, Marketplace	Fintech, Marketplace, Retail, SaaS, Travel, eCommerce, iGaming

Countries

8 in common · 0 only Banking Circle · 73 only Rapyd

Only Banking Circle

None — Rapyd covers every country Banking Circle does.

Only Rapyd

Payment methods

3 in common · 7 only Banking Circle · 53 only Rapyd

Offered by both

SEPA SEPA Direct Debit SWIFT

Frequently asked questions

What is the difference between Banking Circle and Rapyd?

Banking Circle covers 8 countries and Rapyd covers 81; they overlap in 8, with 0 served only by Banking Circle and 73 only by Rapyd. Banking Circle supports 10 payment methods and Rapyd 56, 3 of them in common. Rapyd publishes its pricing, while Banking Circle quotes fees per merchant.

Which covers more countries, Banking Circle or Rapyd?

Rapyd has more: Banking Circle covers 8 countries and Rapyd covers 81. Only Rapyd serves Albania, Andorra, Argentina, Armenia, Austria, Belgium and 67 more.

Does Banking Circle or Rapyd support more payment methods?

Rapyd has more: 10 for Banking Circle against 56 for Rapyd, with 3 in common. Only Banking Circle offers BECS Direct Debit, CHAPS, Faster Payments, NPP (New Payments Platform), SEPA Instant, TARGET2 and 1 more. Only Rapyd offers ACH, Alipay, AmBank, Apple Pay, BACS, Banco Estado and 47 more.

Is Banking Circle cheaper than Rapyd?

Banking Circle quotes fees per merchant. Rapyd quotes fees per merchant. Which is cheaper depends on your payment methods, countries, volumes and risk profile, so compare quotes from both for your own mix.

Can you use Banking Circle and Rapyd together?

Yes. Many merchants use more than one payment provider — to cover countries or payment methods only one of them offers, or as a backup if one has an outage. A payment orchestration platform can route each payment to whichever provider suits it best.

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