8.6 C
New York
Friday, July 1, 2022
Home Challanger banks Revolut Business now accepts payments online

Revolut Business now accepts payments online

Revolut Business has announced this week that UK businesses can accept card payments online and directly into their account.

All Revolut Business customers on paid plans are about to receive an allowance of free UK and EEA card payment acceptance every month. This comes with no additional cost.

Read also: Starling Bank is about to raise £200m in funding round

Business owners may also take advantage of very low fees and 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.

Revolut Business is aimed to help owners stay on top of their finances and accept payments online hassle-free, by using Revolut Business’ easy-to-install checkout plugins. They can also enhance their own checkout experience by using the customisable widget and Merchant API.

This new functionality has been introduced so all the business owners are able to manage everything in one place. This way, they don’t need to alternate (and reconcile) between acquiring and banking platforms.

Thibaut Genevrier, Head of Acquiring, said: “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, but we also now allow customers without an online presence to get paid fast through secure payment links. It’s our mission to democratize acceptance and we are already on the way. Stay tuned!” he added.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Revolut has joined the buy now pay later market

Revolut is piloting a new 'buy now, pay later' service in Ireland beginning this week.

Klarna in conflict with Barclays over ‘Irresponsible’ Buy-Now-Pay-Later research

Klarna’s UK executive Alex Marsh has hit out at Barclays for publishing what he called “mind-boggling” and “irresponsible”.

Starling Bank has hit 3m account milestone

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to a recent update.

Revolut teamed up with Salesforce to help grow Revolut Business

Revolut announced a new partnership with Salesforce with an aim to accelerate growth and transform the business banking arm of the digital bank.