Provider at a glance
- Category
- Stablecoin Settlement
- Entity
- Not verified
- Official website
- rain.xyz
Independent rankingchecked How it works
Details
Scored 62 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Rain
Fiat and stablecoin settlement API
Stablecoin Settlement
#7 Overall
Ranked #7 of 7 stablecoin settlement in the published ranking
62
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Rain right for you?
Look elsewhere if these come first
- Where the Platform's Float Legally Sits5/10 here; the category best is 7
- Published Wholesale Price4/10 here; dLocal scores 5
- Whose Licence the Platform Operates Under5/10 here; Zero Hash scores 8
- Settlement Finality and Failure Handling3/10 here; Zero Hash scores 6
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best settlement provider shows where it lands for you.
What will Rain cost you?
Not priced on this basis
- Payments per month
- 500
- Average payment
- $100
How safe is Rain?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Rain
Compare all 4- 4Zero Hash11 points above · stronger on licence perimeter (8 against 5)73
- 5dLocal5 points above · stronger on wholesale price published (5 against 4)67
- 6Conduit Pay1 point above · stronger on wholesale price published (5 against 4)63
For your setup
Find out if Rain fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Rain lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best settlement providerNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why Rain ranks #7
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (13.9 here) sit inside the score; availability, friction, trust record and measured data add the rest.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
305+4.805.07#2/7Loading evidence…
254+3.205.06#6/7Loading evidence…
255+4.007.08#5/7Loading evidence…
203+1.926.09#6/7Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin−1behind Conduit Pay, #6
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 61–64 and ranks #6–#7
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Rain’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
Where the Platform's Float Legally Sits 5 → 6 on its ladder · passes Conduit Pay+164#7 → #6
Published Wholesale Price 4 → 5 on its ladder · passes Conduit Pay+164#7 → #6
Whose Licence the Platform Operates Under 5 → 6 on its ladder · passes Conduit Pay+164#7 → #6
Settlement Finality and Failure Handling 3 → 4 on its ladder · passes Conduit Pay+164#7 → #6
Smallest climb: where the Platform's Float Legally Sits 5 → 6 passes Conduit Pay, #6.
Strengths
0 from the score dataWhere it leads
No scored criterion is at or within one point of the category best, so no strength can be stated from the data.
Tradeoffs
4 from the score dataWhere it trails
Not for readers who put first
- Where the Platform's Float Legally Sits — 5/10 against a category best of 7/10
- Published Wholesale Price — 4/10 against a category best of 6/10
- Whose Licence the Platform Operates Under — 5/10 against a category best of 8/10
- Settlement Finality and Failure Handling — 3/10 against a category best of 9/10
Record watch-outs
- The thing a platform would most regret not knowing is that its own float is not protected by the comfort Rain advertises, and the contract says so. The footer's "Banking services are provided by SSB, Member FDIC" and the $250,000 pass-through describe END-USER deposits at an initialism that is never expanded on any Rain surface and that matches 40+ active FDIC institutions, so it cannot be looked up; the platform's own card-program money is a different pot entirely — "a smart contract that we designate (the “Settlement Account”)" plus a Reserve Account "held in an account designated by us and held at a financial institution that we designate, or in a smart contract that we designate", earning no interest, over which Rain takes "a first priority security interest" with UCC 9-314 control and an unrestricted right to "sweep funds from the Reserve Account or any other transactional account established by you". Rain draws on that reserve more than three times in a rolling twelve months, or the platform fails to top it up within two business days, and Rain "may suspend the creation of new cards, suspend all Payment Card Account access, or declare you in default". So a card-program platform prefunds, gets no yield, gets no named custodian, gets no attestation, and grants its supplier a perfected lien and a hair-trigger default — while the counterparty that actually holds the money can be swapped "at any time without Partner consent or notice" and Rain disclaims all liability for it. The settlement float is a separate pot since the Platform Terms revision of September 23, 2026: for "Partner Direct Use" (Virtual Account Services "for Partner's own account using Partner's own funds"), the "fiat currency underlying the Virtual Account is maintained in one or more custodial accounts owned and controlled by a licensed Third Party Provider and established for the benefit of End-Users or, in the case of Partner Direct Use, Partner" — an account held for the platform's benefit, but the provider is still unnamed, said only to be "identified in the Virtual Account User Terms", which are not listed on Rain's legal centre. It will publish a quantified fee table down to a "$29" returned-payment charge for a cardholder on its corporate card, but not a single basis point of the conversion spread a platform pays at institutional size. Title verified 2026-08-13 against the contract itself: the platform keeps title. "To secure your obligations under the Agreement and these Platform Terms, you hereby grant us a first priority security interest in the Reserve Account and the funds therein or proceeds thereof and agree that we have control of any such account for purposes of the Uniform Commercial Code, Article 9-314." (https://www.rain.xyz/legal-center/platform-terms) "We may access the funds in your Reserve Account to offset any deficiency in any amount you owe to us or any losses or expenses for which you are liable to us under the Agreement." (https://www.rain.xyz/legal-center/platform-terms)
Competitive position
Where Rain leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 714.0 of 20 · constant here
Published criteria#7 / 710.4 of 30 · best 15.8
Friction#1 / 72.7 of 10 · constant here
Trust record#1 / 73.2 of 8 · constant here
Measured data#6 / 78.3 of 18 · best 9.7
Where Rain leads
- Where the Platform's Float Legally Sits#2 / 7
Where it trails
- Published Wholesale Price#6 / 7
- Whose Licence the Platform Operates Under#5 / 7
- Settlement Finality and Failure Handling#6 / 7
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Conduit Pay#6 of 7 · score 63 · 1.0 point ahead
Rain leads on
- Settlement Finality and Failure Handling3 vs 2
Conduit Pay leads on
- Published Wholesale Price5 vs 4
Largest single reason Conduit Pay is ahead: published criteria (+0.5 display points).Scenario cost: Conduit Pay has no verified pricing for this scenario.
dLocal#5 of 7 · score 67 · 5.0 points ahead
Rain leads on
- Where the Platform's Float Legally Sits5 vs 4
dLocal leads on
- Published Wholesale Price5 vs 4
- Settlement Finality and Failure Handling4 vs 3
Largest single reason dLocal is ahead: measured data (+3.6 display points).Scenario cost: dLocal has no verified pricing for this scenario.
Zero Hash#4 of 7 · score 73 · 11.0 points ahead
Rain leads on
- Where the Platform's Float Legally Sits5 vs 4
Zero Hash leads on
- Whose Licence the Platform Operates Under8 vs 5
- Settlement Finality and Failure Handling6 vs 3
Largest single reason Zero Hash is ahead: published criteria (+6.8 display points).Scenario cost: Zero Hash has no verified pricing for this scenario.
Against the leader
80 vs 62 · gap 18.0Why BVNK ranks above Rain
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale — it reproduces the displayed gap of 18.0 to within rounding.
DimensionThisBVNKGap share
Availability · 23% weight · constant here14.014.0same
Published criteria · 35% weight10.415.8−14.0, worse
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight8.39.7−3.6, worse
Published criterionThisBVNKPoints
Published Wholesale Price · w2546−1.60, worse
Whose Licence the Platform Operates Under · w2558−2.40, worse
Settlement Finality and Failure Handling · w2038−3.20, worse
Net6280−18.0
Your scenario
Rain is not priced for this scenario
Percentage and fixed legs on each payment, for a year. Excludes chargebacks, FX markup and settlement fees priced separately. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
Payments per month · your input500
Average payment · your input$100
Rate read from the provider’s published pricing ↗ on 28 September 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 7 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
7 of 7 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 28 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessOne point from changingrank #6 to #7 across one-point re-runs
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 28 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
Where the Platform's Float Legally Sitsstrength 5 · weight 30Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Published Wholesale Pricestrength 4 · weight 25Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Whose Licence the Platform Operates Understrength 5 · weight 25Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Settlement Finality and Failure Handlingstrength 3 · weight 20Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Custody failure (Rain 5/10): whoever holds the assets loses or withholds them.Scored by Where the Platform's Float Legally Sits · 30%
- Regulatory failure (Rain 5/10): no licence where you are, or a forced market exit.Scored by Whose Licence the Platform Operates Under · 25%
- Execution failure (Rain 3/10): you get a worse price, later, or nothing.Scored by Settlement Finality and Failure Handling · 20%
Not assessed by this ranking: Control failure, Liveness failure, Insolvency failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Published Wholesale Price (25%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- NO WHOLESALE SETTLEMENT PRICE IS PUBLISHED. https://
www .rain .xyz /pricing returns HTTP 301 with 'location: https:// www .rain .xyz /' (re-checked 28 September 2026). The binding Platform Terms (https:// www .rain .xyz /legal-center /platform-terms, "Last Revised: September 23, 2026", fetched 28 September 2026, HTTP 200) say under "Our Fees": "To access the Services, you agree to pay the fees set forth in the Agreement. Where applicable, we will use commercially reasonable efforts to pass through actual, attributable bank and Network fees, but we reserve the right to estimate those fees when direct attribution is not possible." Exhibit D (Virtual Account Services) repeats: "Partner shall pay Signify the fees for Virtual Account Services as set forth in the Agreement. In addition to such fees, if Signify or Rain Products is required to perform any manual transaction dispute resolution, reconciliation, or refund processing with respect to any Virtual Account Services transaction, Signify may charge Partner a processing fee." The only percentage charge left in the Platform Terms is a card-program penalty: "the lesser of 1.5% per month or the highest rate permitted by law" on transactions over the Daily Limit (the late-payment interest clause quoted in August, "the lesser of 10 percent (10%) per annum", no longer appears in the 23 September 2026 revision). A quantified FX charge does exist on a different Rain product: the Rain Spend Visa Corporate Card terms (https:// legal .raincards .xyz /legal /corporate-card-terms, fetched 28 September 2026, "Effective as of 9/3/24") list "Foreign Exchange Fee (non USD): up to 3%" and "Cross Border Fee: up to 3%" for cardholders; that is a card disclosure, not the price of wholesale settlement, and is not scored. For the platform buying settlement, no conversion spread, per-payout fee, monthly minimum or volume tier is published. https:// docs .rain .xyz still redirects to a login page ("Access Restricted"), so any fee schema in the API reference is unreadable without a sales relationship.Rain — official pricing page ↗ · 28 September 2026 - Prices published in
- USDRain — official pricing page ↗ · 28 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- NO LICENCE IDENTIFIER IS PUBLISHED ON ANY rain.xyz SURFACE; THE ONE IDENTIFIER THAT EXISTS SITS ON AN IN-GROUP SUBSIDIARY'S SEPARATE DOMAIN AND COULD NOT BE RESOLVED ON THE REGISTER.
- Supported chains
- Arbitrum (named on vendor blog: rain.xyz/resources/rain-expands-support-to-solana-and-stellar-... — "Rain already supports Arbitrum, Optimism, and Polygon"), Optimism (same source), Polygon (same source), Solana (same post's subject), Stellar (same post's subject), Avalanche (vendor post: /resources/rain-powers-avalanche-card-for-crypto-friendly-spending), Celo (vendor post: /resources/simplified-web3-expenses-take-flight-on-the-carbon-negative-celo-blockchain-rain), Monad (vendor post: /resources/rain-integrates-monad-bringing-card-programs-to-the-financial-layer-of-the-internet), Plasma (vendor post: /resources/unlocking-global-card-programs-for-plasma-builders), Fiat rails, per /product/virtual-accounts FAQ (re-verified character-exact 13 August 2026): "Virtual accounts support ACH and FedWire for first-party (1p) and third-party (3p) USD transfers, and SPEI for MXN transfers (1p and 3p)." — USD and MXN only. The FAQ continues "We also plan to expand to additional rails in the future. Your Rain account manager can provide the most up-to-date roadmap details.", i.e. any further rail is a sales conversation., STABLECOINS: NOT ENUMERATED ANYWHERE — re-verified. Every product page says only "supported stablecoins" / "leading stablecoins"; the Platform Terms say "Support for certain stablecoins and blockchain networks as Rain Products may determine from time to time in its sole discretion." A grep of /product/payments, /product/offramps, /product/onramps, /product/virtual-accounts and /solutions/cross-border-b2b-payments for USDC, USDT, PYUSD and USDG returned zero hits on 13 August 2026. The one named token on any Rain surface is Dinari's yield-bearing USD (vendor post /resources/rain-adds-support-for-dinaris-usd-...). docs.rain.xyz is access-gated, so the authoritative list is unreadable., NOTE: this list is assembled from dated vendor blog posts, NOT from a docs support matrix, because the docs are behind an access code.
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- Not published
No confirmed legal entity is on file for this record. Nothing is inferred from the brand name.
If something goes wrong with Rain: where to complain, and where to report a scam
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How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
9 methodology entries
- 28 September 2026Current verified snapshot · methodology 2026.10.18Score 62, #7 of 7. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
- 16 September 2026
2026.09.15Dimension scores carry tenths, and eleven more categories are re-read from primary sources · platform-wide- changed Dimension scores resolve to tenths of a point (O-04b), and weightedTotal is rounded to six decimal places before the order is read. 518 published scores move across 107 categories that were not re-read; none of them moves by more than 4 points, and most move by 1.
- fixed 66 published scores change in the eleven re-read categories, against a verbatim source each. The largest moves are Reflexer RAI (−16), Beefy and Unrekt (−11), Aztec (−10) and Golem (+9) — all of them rows whose sources had moved since their last read.
- changed Published order moves in 38 of 119 categories and three #1s change: smart_contract_audits (Zellic → Certora) and travel_rule_compliance (Sumsub Travel Rule → CodeVASP) on the finer resolution, kyc_compliance (Veriff → Sumsub) on the re-read.
- added availabilitySource (O-04g): for a reader who states a country, a row whose availability in that country rests on a region tag its record gives no source for sorts below every sourced row. It is inert in every order published here, which states no country.
Methodology 2026.10.18, the same published run every visitor sees · receipt stablecoin_settlement:rain_settlement:2026.10.18:b07adeeb0de1
Are you Rain? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.