Revolut bolsters business payments through card expansion

Revolut card in London
Editorial credit: Shutterstock

Underlining its commitment to transaction efficiency, Revolut Business has announced UK businesses can accept card payments online directly into their account.

As part of the expansion, Revolut Business customers on paid plans will receive an allowance of free UK and EEA card payment acceptance every month, at no additional cost. 

Business owners will be granted low fees and very competitive rates unmatched by other major payment platforms, with a 1.3% fee for UK and EEA consumer cards, a 2.8% fee for all other cards.

Thibaut Genevrier, Head of Acquiring, commented: “Payments sit at the core of any business so we have crafted a solution that meets not only their business account demands but also their payment acceptance requirements.

“With the current situation in the UK, companies are faced with the necessity to do business online, so not only did we introduce a new way to accept payments through websites, we also now allow customers without an online presence to get paid fast through secure payment links. It’s our mission to democratise acceptance and we are already on the way. Stay tuned.”

Revolut Business seeks to enhance support for owners as they aim to stay on top of their finances and accept payments online hassle-free, by using Revolut Business’ easy-to-install checkout plugins or building their own checkout experience using the customisable widget and Merchant API.

Additionally, businesses can request payments from anyone anywhere in the world, without the need for a website or online store by using an easy, fast and secure payment link that can be shared with customers.

The new functionality has been implemented so business owners can manage everything in one place, without the need to alternate (and reconcile) between acquiring and banking platforms. Business owners can use the time this saves to concentrate on what really matters, growing their business.

Customers with a Revolut Business account will benefit from seeing payments settled the next day, allowing for quick access to business funds.