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Accounting · head to head

Creem vs Modern Treasury

Creem logo

Creem

Accounting

All-in-one payment and compliance platform for software companies

From
$3.9/percent
Rated
-
Full reviewWebsite
Modern Treasury logo

Modern Treasury

Accounting

Payment operations and ledger infrastructure that sits between your product and your own bank accounts

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Creem per-transaction fee model scales with volume, potentially expensive for high-frequency transactions; Modern Treasury you must already have or be able to obtain your own bank accounts with the right connectivity, so early stage companies without a banking relationship cannot use it and are pushed towards a sponsor bank model instead.
  • They diverge on capability: Creem covers Global payments processing, Modern Treasury covers Multi-rail payment initiation.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Creem and Modern Treasury actually diverge.

Attributes where Creem and Modern Treasury differ
AttributeCreemModern Treasury
Starting price$3.9/percentOn request
Pricing modelPer-transaction flat ratequote
PlatformsWeb, iOS, AndroidWeb

Identical on both: free tier (No), user rating (Not yet rated), category (Accounting).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Creem

  • Global payments processing
  • Automated tax compliance
  • Subscription billing
  • Revenue distribution
  • Digital product support
  • Fraud protection
  • AI business assistant
  • Affiliate platform

Only in Modern Treasury

  • Multi-rail payment initiation
  • Bank connectivity
  • Ledgers
  • Automatic reconciliation
  • Approval workflows
  • Virtual accounts
  • Compliance tooling
  • Return and exception handling

What people use each for

The jobs each tool is most often brought in to do.

Creem

  • SaaS subscription billing and managementnot Modern Treasury
  • Digital product distribution with license keysnot Modern Treasury
  • Global payment processing across 100+ countriesnot Modern Treasury
  • Revenue sharing among co-founders and affiliatesnot Modern Treasury
  • Automated tax compliance for international salesnot Modern Treasury

Modern Treasury

  • A marketplace paying out to thousands of sellers that needs a ledger its application can trust rather than reconciling a payments dashboard by handnot Creem
  • A lender originating and servicing loans that must track disbursements, repayments and returns against its own bank accountsnot Creem
  • A company that wants to move off a banking as a service provider and hold its own bank accounts after seeing sponsor banks offboard fintech programmesnot Creem
  • An insurer handling premium collection and claims payment across several rails with approval controls and an auditable trailnot Creem

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Creem

  • Per-transaction fee model scales with volume, potentially expensive for high-frequency transactions
  • Limited to software and digital product companies, not suitable for physical goods
  • AI business assistant availability and capabilities not fully detailed
  • Requires using Creem as Merchant of Record, limiting white-label options
  • Mobile app only available in beta for iOS and Android

Modern Treasury

  • You must already have or be able to obtain your own bank accounts with the right connectivity, so early stage companies without a banking relationship cannot use it and are pushed towards a sponsor bank model instead.
  • Pricing rests on an annual minimum commitment, and companies that miss their volume forecast pay the minimum regardless, which makes the headline per-transaction rate close to irrelevant in year one.
  • Supported bank connectivity is a finite list, so if your bank is not on it you are either waiting for an integration or changing banks, which is a far larger project than adopting the software.
  • It is software over banking, not banking, so it does not solve card issuing, deposit accounts or the licensing questions that a company embedding financial products still has to answer elsewhere.
  • The ledger is genuinely good but adopting it properly means making it the source of truth for balances in your product, which is a significant application change rather than a payments integration and is where implementations run long.

Pricing, plan by plan

Creem

$3.9/percent
  • StandardFree
    • 3.9% + $0.40 per transaction
    • No setup fees
    • No monthly fees

Modern Treasury

On request
  • Modern Treasury Platform$undefined/year
    • Platform access fee covering API, dashboard, infrastructure and support
    • Usage-based fees across ACH, wires, RTP, FedNow, push to card, cheques and stablecoins
    • A single annual minimum commitment that both platform and usage fees count towards

Which should you pick?

Choose Creem if

  • You need global payments processing.
  • You work on Web, iOS, Android.
  • You also want automated tax compliance.
Creem review

Choose Modern Treasury if

  • You need multi-rail payment initiation.
  • You also want bank connectivity.
Modern Treasury review

Questions people ask

Is Creem or Modern Treasury better?
Neither clearly leads. Creem starts at $3.9/percent and Modern Treasury at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Creem or Modern Treasury?
Creem starts at $3.9/percent and Modern Treasury at On request.
Does Creem or Modern Treasury run on more platforms?
Creem runs on Web, iOS, Android. Modern Treasury runs on Web.
What is Creem best used for?
Creem is most often used for saas subscription billing and management, digital product distribution with license keys, global payment processing across 100+ countries, revenue sharing among co-founders and affiliates. Of those, saas subscription billing and management and digital product distribution with license keys are not what Modern Treasury is typically brought in for.
What can Creem do that Modern Treasury cannot?
Creem covers Global payments processing, Automated tax compliance, Subscription billing, Revenue distribution. Modern Treasury covers Multi-rail payment initiation, Bank connectivity, Ledgers, Automatic reconciliation.

Answered from the vendors’ own pages

Creem: What are Creem's transaction fees compared to competitors?

Creem charges a flat 3.9% plus 40 cents per successful transaction with no additional setup, monthly, or hidden fees. For a $5,000 transaction volume, Creem estimates $235 in fees compared to Lemon Squeezy at $565 ($400 + $165).

Source
Modern Treasury: Is Modern Treasury a bank or a banking as a service provider?

Neither. You hold your own bank accounts and it is software over them. That avoids sponsor bank concentration risk but means you need the bank relationship yourself.

Creem: Does Creem handle international tax compliance?

Yes. Creem automatically handles VAT, GST, and sales tax filing and remittance as a Merchant of Record across 50+ countries, eliminating manual tax compliance work.

Source
Modern Treasury: What does it cost?

Not published. A platform access fee plus usage fees across rails, on an annual term with a single minimum commitment. Negotiate the minimum, not the per-transaction rate.

Creem: Can I use Creem for subscription billing?

Yes. Creem provides subscription management with billing, dunning, and a customer portal. Revenue splits are included for distributing earnings to co-founders and affiliates.

Source
Modern Treasury: Which rails are supported?

ACH, wires, RTP, FedNow, push to card, cheques and stablecoin payments, subject to what your bank supports.

Modern Treasury: Do we still need our own compliance programme?

Yes. KYB, KYC and transaction monitoring are included in the platform, but you are the one holding the accounts and the regulatory obligation sits with you and your bank.

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