Rain

Overview

Rain is a pioneering global card issuing and payment infrastructure platform that enables businesses to launch fully integrated credit and debit card programs powered by digital assets and stablecoins. As a principal member of the Visa network, Rain can sponsor card programs end-to-end without relying on bank partners, providing unprecedented flexibility and control for fintech platforms, exchanges, wallets, and financial applications.

Rain's cards are fully functional with Google Pay and Apple Pay, work anywhere Visa is accepted worldwide (over 150 million merchants), and uniquely support non-custodial spending, allowing users to spend directly from their self-custodial wallets. This infrastructure supports diverse use cases including cross-border payments, remittances, cryptocurrency exchanges, neobanks, and Web3 applications globally.

Features

• Visa Principal Membership: Direct Visa network sponsorship enabling end-to-end card program ownership without bank dependencies.
• Global Card Issuance: Issue virtual and physical debit and credit cards accepted at 150+ million merchants worldwide.
• Digital Wallet Integration: Full support for Apple Pay and Google Pay for mobile-first payment experiences.
• Non-Custodial Spending: Unique capability for users to spend directly from self-custodial wallets without custody intermediaries.
• Multi-Currency Support: Support for stablecoins, cryptocurrencies, and traditional fiat currencies.
• Stablecoin-Native: Purpose-built for stablecoin-powered transactions and digital dollar spending.
• Cross-Border Payments: Enable instant, low-cost international payments and remittances.
• White-Label Solutions: Fully customizable card programs branded for your business.
• Modular Platform: Choose specific components (cards, accounts, money-in, money-out) based on needs.
• Real-Time Settlement: Instant settlement of transactions on blockchain networks.
• Compliance Infrastructure: Built-in KYC/AML and regulatory compliance tools.
• API-First Design: Comprehensive APIs for seamless integration into any platform.
• Multi-Blockchain Support: Compatible with multiple blockchain networks including Avalanche.
• Instant Card Issuance: Generate virtual cards instantly for immediate use.

Platform Capabilities

Cards

Issue globally-accepted payment cards linked to users' digital asset balances:

• Virtual Cards: Instant issuance of virtual cards for online and mobile payments
• Physical Cards: Branded physical cards mailed to users globally
• Credit Cards: Full credit card programs with spending limits and billing cycles
• Debit Cards: Direct debit from user balances with real-time settlement
• Prepaid Cards: Preloaded cards for controlled spending
• Multi-Currency: Cards supporting multiple currencies and automatic conversion

Money-In (On-Ramp)

Enable users to deposit funds and convert to digital assets:

• Fiat Deposits: Bank transfers, card deposits, and local payment methods
• Crypto Purchases: Buy cryptocurrencies and stablecoins with fiat
• Instant Conversion: Real-time conversion from local currencies to stablecoins
• Global Payment Methods: Support for payment methods in 150+ countries
• Low Fees: Competitive pricing for on-ramp transactions

Accounts (Embedded Wallets)

Integrate secure digital asset accounts into applications:

• Embedded Wallets: Secure wallets integrated directly into partner applications
• Custodial Options: Managed custody for simplified user experience
• Self-Custodial Support: Non-custodial wallets for users maintaining control
• Multi-Asset: Support for multiple cryptocurrencies and stablecoins
• Account Management: Tools for managing balances, transactions, and settings

Money-Out (Off-Ramp)

Facilitate withdrawals and cross-border transfers:

• Fiat Withdrawals: Convert digital assets to local currency and withdraw to banks
• Cross-Border Payments: Send payments internationally with low fees
• Stablecoin Transfers: Send stablecoins globally instantly
• Local Currency Conversion: Convert to any supported currency for withdrawal
• Multiple Destinations: Support for bank transfers, mobile money, and other methods

Getting Started

To integrate Rain into your platform:

1. Partnership Discussion: Contact Rain's team to discuss your card program requirements and use case.

2. Program Design: Work with Rain to design your card program:

   • Define card types (credit, debit, virtual, physical)
   • Choose currencies and digital assets to support
   • Determine custodial vs non-custodial approach
   • Select which Rain modules to integrate (cards, accounts, money-in, money-out)
   • Design branded card appearance and user experience

3. Compliance Setup: Establish necessary compliance infrastructure:

   • Complete Rain's partner onboarding and due diligence
   • Set up KYC/AML processes for your users
   • Navigate regulatory requirements for your markets
   • Establish spending limits and controls

4. Technical Integration: Implement Rain's platform:

   • Integrate Rain's APIs for card issuance and management
   • Connect wallet infrastructure (custodial or non-custodial)
   • Implement user interfaces for card management
   • Set up webhooks for transaction notifications
   • Test in sandbox environment

5. Card Program Launch: Go live with your Rain-powered card program:

   • Issue cards to your users
   • Enable spending at merchants worldwide
   • Process transactions in real-time
   • Provide customer support with Rain's assistance

Avalanche Support

Rain's multi-blockchain infrastructure supports Avalanche C-Chain, enabling card programs powered by AVAX and Avalanche-based stablecoins. Notably, Rain partnered with Wyoming and Avalanche to launch the Frontier Stable Token (FRNT), Wyoming's state-issued, dollar-pegged stablecoin, enabling real-world spending through Rain-issued Visa cards. This demonstrates Rain's commitment to bringing Avalanche assets into everyday commerce at 150+ million merchants globally.

Use Cases

Rain's infrastructure serves diverse payment use cases:

Cryptocurrency Exchanges: Enable exchange users to spend their crypto holdings at any merchant accepting Visa.

Neobanks: Launch full-featured banking services with card programs without traditional banking infrastructure.

Web3 Wallets: Add card spending directly from self-custodial wallets for seamless crypto-to-fiat usage.

Cross-Border Remittances: Facilitate low-cost international money transfers using stablecoins and local currency conversion.

Fintech Applications: Embed payment cards into any fintech app or platform.

DeFi Platforms: Bridge DeFi yields and holdings to real-world spending.

Gaming Platforms: Enable gamers to spend in-game earnings in the real world.

Payroll Solutions: Issue payroll cards for instant wage access and spending.

Non-Custodial Innovation

Rain's unique non-custodial card capability represents a breakthrough:

• User Control: Users maintain custody of assets in self-custodial wallets
• Direct Spending: No need to deposit to custodial accounts before spending
• Real-Time Settlement: Transactions settle directly from user wallets
• Security: Users never surrender custody to third parties
• Web3 Native: True Web3 payment experience maintaining decentralization principles

This innovation is particularly valuable for Web3-native applications where user custody is paramount.

Visa Principal Membership

Rain's status as a Visa principal member provides significant advantages:

• Independent Operation: No reliance on sponsoring banks or third-party BINs
• Full Control: Complete ownership and control of card programs
• Faster Implementation: Direct relationship with Visa accelerates deployment
• Flexibility: Greater flexibility in program design and features
• Stability: Not dependent on bank partner relationships or changes
• Global Reach: Access to Visa's global acceptance network

Compliance and Regulation

Rain maintains comprehensive compliance infrastructure:

• Money Transmitter Licenses: Licensed in multiple jurisdictions for money transmission
• Visa Compliance: Full compliance with Visa network rules and regulations
• KYC/AML: Integrated identity verification and anti-money laundering screening
• Transaction Monitoring: Real-time monitoring for fraudulent or suspicious activity
• Data Security: PCI DSS compliant infrastructure for secure payment data handling
• Regulatory Expertise: Experienced team navigating global financial regulations

Partner Benefits

Bank-Free Card Programs: Launch card programs without needing bank sponsors.

Global Reach: Immediate access to 150+ million merchants worldwide.

Fast Time-to-Market: Modular platform enables quick deployment of card programs.

Brand Control: Fully white-labeled solutions matching your brand experience.

Flexible Custody: Support both custodial and non-custodial models.

Multi-Asset: Accept payments in stablecoins, crypto, and fiat.

Comprehensive APIs: Developer-friendly integration with extensive documentation.

Revenue Sharing: Earn interchange revenue from card transactions.

Technology Infrastructure

Rain provides enterprise-grade technology:

• Card Issuance APIs: Instant virtual card generation and physical card ordering
• Transaction Processing: Real-time authorization and settlement
• Wallet Integration: Connect custodial and non-custodial wallets
• Multi-Chain Support: Compatibility with multiple blockchain networks
• Webhooks: Real-time notifications for all card events
• Admin Dashboard: Portal for managing cards, users, and transactions
• Fraud Prevention: Machine learning-based fraud detection
• Reporting: Comprehensive transaction reporting and analytics

Pricing

Rain offers partnership-based pricing:

• Setup Fees: Initial integration and card program setup costs
• Card Issuance Fees: Fees for virtual and physical card issuance
• Transaction Fees: Percentage or fixed fees on card transactions
• Interchange Revenue: Partners share in Visa interchange fees
• Monthly Fees: Platform access and maintenance fees
• Custom Pricing: Tailored pricing for high-volume partners

Contact Rain for detailed pricing based on your specific program requirements.

Global Coverage

Rain supports card programs in 150+ countries with:

• Multi-Currency: Support for major fiat currencies and stablecoins
• Local Payment Methods: On-ramp via local payment methods globally
• Regional Compliance: Compliance with regional regulations
• Global Support: 24/7 customer support for international users
• Multi-Language: Platform localization for key markets

Conclusion

Rain is revolutionizing digital asset payments by making it possible for anyone to spend cryptocurrencies and stablecoins at any merchant accepting Visa worldwide. As a Visa principal member, Rain provides the infrastructure for fintechs, exchanges, wallets, and Web3 applications to launch fully-featured card programs without traditional banking dependencies. With support for Avalanche and unique capabilities like non-custodial spending, Rain bridges the gap between blockchain-based assets and real-world commerce. Whether you're building a neobank, cryptocurrency exchange, Web3 wallet, or any fintech application that needs payment cards, Rain provides the trusted, compliant, and flexible infrastructure to bring your vision to life and enable your users to spend their digital assets anywhere Visa is accepted.