Stripe Treasury vs Swan Cards
Stripe Treasury
stripe.comSwan Cards
swan.ioSide by side
| Figure | Stripe Treasury | Swan Cards |
|---|---|---|
| Price from | Free | €900/mo |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 8 | 4 |
| Spec score · Banking-as-a-Service Platforms | 8.7 (#2) | 8.8 (#1) |
| Audience | Stripe says Treasury is built for startups and growing businesses that want to simplify their financial stack and financial operations. | Swan describes itself as a platform helping European software companies add white-labeled banking services to their products. |
| Headquarters | South San Francisco, California, and Dublin, Ireland | Paris, France |
| Rating on Apple App Store | 4.7 out of 5 from 69K ratings | 1.0 out of 5 from 2 ratings on the France listing for Swan. |
| Rating on Capterra | 4.6 out of 5 from 3,381 reviews | 3.0 out of 5 from 6 reviews. |
| Rating on G2 | 4.4 out of 5 from 1,266 reviews | 4.5 out of 5 from 1 review. |
| Rating on GetApp | 4.6 out of 5 from 3,387 reviews | 3.0 out of 5 from 6 reviews. |
| Rating on Trustpilot | 1.5 out of 5 from 18K reviews (17,547 all reviews shown) | 4.0 out of 5 from 454 reviews. |
| What it does | Stripe Treasury combines business banking and payments so companies can receive, hold, send and spend money in Stripe. | Swan lets companies embed bank accounts, cards and payments inside their own products. |
Plans
Stripe Treasury
- ACH fundingFree
- TreasuryFree
- Treasury accountFree
- Treasury cardsFree
- Instant currency conversion$0.50, paid once
- Domestic payout$1.50, paid once
- International payout$1.50, paid once
- Wire funding$2, paid once
Swan Cards
- SandboxFree
- Swan€900 a month
- Swan on demand€2,990 a month
- Swan EnterprisePriced on request
In their own words
Stripe Treasury
Stripe Treasury combines banking and payments functions so businesses can receive, store, send, and spend funds in one place. Stripe says businesses can open an account in minutes and access settled Stripe payment balances instantly. The service supports USD, OUSD, GBP, and EUR balances, instant currency conversion starting at 0.5% of the converted amount, and payouts to 160+ countries through traditional and stablecoin networks; payout and FX fees may apply. Virtual and physical debit cards include spending limits, reporting, real-time authorization controls, and 2% cashback, subject to exclusions for cash-like, high-risk resale, gambling, and government payment transactions. Xero and QuickBooks integrations, balance and transaction reporting, and automated reconciliation support accounting workflows. Treasury also supports agent workflows through Stripe’s Model Context Protocol, including paying invoices, moving funds, converting currencies, and issuing cards. ACH funding is included, wire funding is $2.00 per wire, and there are no storage fees or minimum balance requirements. Stripe is a financial technology company, not a bank; checking accounts are provided exclusively by Fifth Third Bank, National Association. Eligible USD funds there may be insured up to $250,000 per depositor, per institution, subject to conditions.
Swan Cards
Swan Cards provides embedded banking features—accounts, cards, and payments—for companies integrating financial services into their own products. Swan presents its platform to European software companies adding white-labeled banking. Its Mastercard debit cards come in virtual, physical, and digital formats, including single-use virtual cards. They can be added to Apple Wallet and Google Wallet for NFC payments; other digital wallets are not supported. Partners can set spending limits and payment rules based on amount, currency, merchant, city, or country. Card packages have different spending limits and FX fees: Standard, Essential, and Premium list €10,000, €40,000, and €100,000 limits, with fees of 2%, 1%, and 0%, respectively. Swan offers a GraphQL API, a ready-made web banking interface, and an open-source frontend for customization. API calls must originate from a partner’s backend, not a frontend app. The free Sandbox uses fake accounts, cards, and payments. Paid service starts at €2,990/mo.