It is already a known fact that having a solid and reliable payment gateway on your website is key to not losing money during checkout on your website. If you don’t act now on your payment processor for your website, you will keep losing both money and paying customers.

In this article, I will be showing you how to setup the Rapyd payment gateway on your website to maximize your website earnings. Before we get started, a brief description of the Rapyd payment processor.

Table of Contents

What is Rapyd?

List of Countries Where Rapyd is Available:
Rapyd Payment Partners & Integrations
Rapyd vs Stripe
Rapyd Account Setup Requirements
How To Open a Rapyd Account And Verify Your Business with Rapyd
How To Integrate Rapyd Payment Gateway on Your Website
Other Payment Gateway Providers
Conclusion

What is Rapyd?

Rapyd is a Fintech company headquartered in London, United Kingdom. They are a multi-national payment gateway processor and as a result of that growth, they cover and accept payments to and from many countries.

List of Countries Where Rapyd is Available:

Andorra
Australia
Austria
Belgium
Bosnia and Herzegovina
Brazil
Bulgaria
Canada
Chile
Colombia
Croatia
Cyprus
Czech Republic
Denmark
Dominican Republic
El Salvador
Estonia
Finland
France
Georgia
Germany
Gibraltar
Greece
Greenland
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Japan
Latvia
Liechtenstein
Lithuania
Luxembourg
Macedonia
Malaysia
Malta
Mexico
Moldova
Monaco
Montenegro
Netherlands
New Zealand
Norway
Peru
Philippines
Poland
Portugal
Romania
San Marino
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sweden
Switzerland
Taiwan
Thailand
Turkey
United Kingdom
United States of America
Vatican
Vietnam
Virgin Islands (US)

Rapyd Payment Partners & Integrations

1. PrestaShop Payments Plugin

You can add the Rapyd payment gateway to your PrestaShop Website.

2. Shopify Payments Plugin

You can add the Rapyd payment gateway to your Shopify Website.

3. WooCommerce Plugin

You can add the Rapyd payment gateway to your WooCommerce Website.

4. Wix Payments Plugin

You can add the global Rapyd payment gateway to your Wix Website.

Rapyd vs Stripe

Both payment gateways are global payment processors and can help you maximize your website checkout system. But there are still a few differences you should know between Stripe and Rapyd.

Differences	Rapyd	Stripe
Location (Headquarters)	United Kingdom	United States
Pricing	1.9% + €0.25 (European Cards) & 2.9% + €0.30 (Non-European Cards)	2.9% + $0.30 (US cards) & 3.9% + $0.30 (Non-US cards)
Tax	Auto Payments and Tax Complaint	Auto Payments and Tax Complaint

Rapyd Account Setup Requirements

To create a Rapyd business account and start accepting payments with it on your website, you will need the following things to be ready:

1. A United Kingdom Business Registration Documents

2. A United Kingdom Bank Account (For Withdrawals)

3. A United Kingdom Phone Number

Now, Let me walk you through how to get these things ready for your business and how to open a Rapyd account from anywhere you are in the world.

Get A United Kingdom Business Registration Document For Your Business

To register your business in the UK, all you need to do is visit 1st Formations and select the type of package you want for your business, and then allow them some days to process your documents and complete your business registration.

Get Started With Your Business Registration

Remember to include all the necessary business documents in the package selection so you don’t have to repeat any process twice.

Get a United Kingdom Bank Account

You will need a UK bank account to be able to withdraw your money from Rapyd; But don’t worry, you do not have to be a citizen or fly to the United Kingdom before you can have a UK bank account.

All you need to do is visit: Payoneer Bank and create a free account with them, get your account details and connect it to your Rapyd account and also to your local bank account.

Get a United Kingdom Phone Number

There are so many platforms where you can buy a UK phone number if you live outside of the United Kingdom; We recommend you get one from 1st Formations as well, they have everything you will ever need to register and run your business in the UK.

How To Open a Rapyd Account And Verify Your Business with Rapyd

Now that you have successfully registered your business with 1st Formations and have gotten all the required documents, you can now open a Rapyd account for your business and verify it easily with the following step by step guidelines below:

Step 1: Create an Account with Rapyd

Visit Rapyd Payment Website and click on ‘Get Started‘ to start your account creation process.

Fill out the sign-up form and your account will be created for you immediately.

Step 2: Active Your Account with Your Business Documents

Without activating your business account, your activities will be limited to a maximum of 2,500 and you won’t be able to do so much with the account, so it’s very necessary to activate your account using the documents you got for your business registration.

The required documents to activate and verify your Rapyd account will vary from country to country. You might be asked to provide verification documents such as articles of incorporation, organizational structure, proof of address and etc.

If you have registered your business earlier as I instructed, you should be good to go here.

Step 3: Add your United Kingdom Bank Account

Go to the ‘My Account’ section of your dashboard and enter your Payoneer Bank Details for your withdrawals.

That’s all you need, to set up a working Rapyd payment gateway on your website.

How To Integrate Rapyd Payment Gateway on Your Website

At this point, it all depends on what CMS your website is built with, If your website is built with any of these CMS: WooCommerce, Shopify, Wix, PrestaShop; then all you need to do is install the Rapyd plugin or add-on into your website and activate it using your Rapyd account details. Everything will be set up automatically.

If however, your website is not built with any of these CMS, then you should contact a developer to manually integrate the gateway into your website using your Rapyd account details.

Other Payment Gateway Providers

Other payment gateway providers you should consider using on your website include:

Stripe
PayPal
PayU
2Checkout
Flutterwave, etc.

Conclusion

Like I will always say, “A quality payment gateway on your website is far better than anyhow payment processor and will make you more money while boosting your customer trust towards you as a business“.

Let us know in the comment section if this post was helpful to you and also, feel free to ask us any questions you may have about this subject. Over to You!!

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