- 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
