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Revolut: Launches Acquiring Solution For Business Customers

December 7, 2020

Revolut has launched an acquiring solution for its Revolut Business starter pack, which will allow businesses in 13 European countries to accept credit card payments online
The product will feature a 1.3 percent fee for U.K. and EEA consumer cards and a 2.8 percent fee for all other cards
Revolut Business customers using paid plans will receive monthly allowances for free U.K. and EEA card payment acceptance at no additional charge
Revolut, which valued at $5.5B as of a funding round from last February, said it expects to compete with Stripe and Adyen in the acquiring space
The acquiring solution will also eliminate the need for businesses to alternate and reconcile between acquiring and banking platforms
Revolut Business allows businesses to use easy-to-install checkout plugins or build their own checkout experiences using a customizable widget and merchant API