Echoing its mission to be the one place to manage all things business, Revolut Business has today announced UK businesses can accept card payments online directly into their account.
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 can also take advantage of 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.
Revolut Business helps owners 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.
Companies can look to expand into new markets and regions without worrying about incurring additional fees. Businesses can save on currency conversions and accept payments in 14 different currencies. Funds can be kept in the same currency or converted to another currency at the interbank rate.
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, 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!”