Revolut Business has today increased its offering by enabling its UK business customers to accept card payments online directly into their account.
As part of the offering, Revolut Business customers on paid plans will receive an allowance of free UK and EEA card payment acceptance every month, at no additional cost. In addition, businesses will also have access to low fees and competitive rates, with a 1.3% fee for UK and EEA consumer cards, and a 2.8% fee for all other cards.
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!”
Through Revolut Business, customers can install checkout plugins or build their own checkout experience using the customisable widget and Merchant API. They can also request payments from all over the world.
According to the challenger, the new functionality was implemented to allow business owners to manage everything in one place, without the need to alternate between acquiring and banking platforms.
Customers with a Revolut Business account will also be able to see payments settled the next day. The aim is to allow for quick access to business funds.
The announcement comes after Revolut Business launched instant transfers in Euros for business account holders to bolster customer payments to European bank accounts.