Revolut Business

What is Revolut Business?

Revolut Business is a multi-currency business account and payment platform designed for companies that operate domestically and across borders. It brings together business accounts, corporate cards, expense management, foreign exchange, and online payment acceptance in one place. Revolut operates through regulated electronic money institutions and affiliated entities; business accounts are typically e-money accounts with safeguarded funds rather than insured bank deposits. In practice, this means client money is held in segregated accounts with leading banks, but deposit protection schemes like the UK’s FSCS or similar may not apply to e-money balances. Revolut discloses the applicable licensing entity and safeguarding approach by country on its website and within the account onboarding flow.

Revolut Business primarily supports companies registered in the United Kingdom and the European Economic Area, with availability extended to select additional markets. Specific services and product availability (for example, online card acquiring or certain integrations) can vary by location and by plan tier. Businesses typically receive local account details for key currencies (such as GBP and EUR) alongside an international IBAN for cross-border payments, and can hold, send, and receive funds in multiple currencies within a single dashboard. Revolut positions itself as a unified alternative to maintaining several bank accounts, FX providers, card issuers, and payment gateways, especially for SMEs and digital-first companies that need integrated accounts, cards, and payments.

Key Features & Services

Multi-currency business accounts and transfers

Revolut Business provides multi-currency accounts that allow companies to hold, receive, and pay in multiple currencies from one interface. Businesses can generate local account details (such as UK account number and sort code for GBP, and local EUR account details for SEPA), as well as international IBAN details for SWIFT transfers. This setup enables receiving payments from clients and marketplaces without forced currency conversions and paying suppliers in their preferred currency. The platform supports local and international transfers, scheduled payments, and batch payouts to streamline payroll, vendor disbursements, or marketplace settlements.

Within the dashboard, users can manage beneficiaries, set payment approvals, and create payment templates to reduce manual errors. Currency balances can be converted at competitive rates, and many plans include a monthly FX allowance before markups apply. Transfer speed depends on the rail and destination—local rails like Faster Payments and SEPA are typically faster, while SWIFT can take longer. Revolut also offers features to annotate payments with references and attachments, helping finance teams reconcile activity more quickly.

Company cards and expense management

Revolut Business issues physical and virtual company cards for teams, enabling controlled spending online and in-store. Virtual cards can be created instantly for employees or specific projects, and single-use virtual cards add an extra layer of security for one-off purchases. Admins can set per-card limits, merchant category restrictions, and custom policies, and can lock/unlock cards in real time. The expense management suite captures receipts with mobile uploads, enforces policy rules, and categorizes spend to reduce reconciliation work. Managers can set budgets for teams or projects and implement approval workflows so that higher-risk or higher-value expenses are reviewed before settlement.

All card transactions appear in the same dashboard as incoming payments and bank transfers, giving a consolidated view of cash flow. Integration with popular accounting software helps automate coding and VAT categorization, while audit trails capture who spent, on what, and when. For distributed teams, the ability to issue cards quickly, control limits centrally, and reconcile expenses automatically can materially reduce month-end close times and improve spend visibility.

International payments and foreign exchange (FX)

Revolut Business offers real-time currency exchange and international transfers directly from the account. Companies can convert funds between supported currencies and pay overseas suppliers with transparent pricing. Many plans include a monthly FX allowance with reduced or no additional markup; once allowances are exceeded, a small, published markup applies. Weekend markups may also apply when markets are closed. Because balances can be held in multiple currencies, businesses can choose when to convert and mitigate repeated conversion costs. For payables, using the local rail where available (e.g., SEPA for EUR, Faster Payments for GBP) can lower fees and improve speed compared to SWIFT.

The platform is designed to minimize operational friction for cross-border activity—finance teams can standardize payee details, reuse templates, and export proof-of-payment. When coupled with cards and acquiring, this creates a closed loop for many inflows and outflows: you can accept payments, hold proceeds in the original currency, pay vendors, and control team spending without leaving the Revolut environment.

Accept online payments: payment gateway, links, and plugins

Revolut Business includes online card acquiring so companies can accept payments on websites, in apps, and via no-code tools. Merchants can integrate a checkout, use prebuilt plugins for major e‑commerce platforms, or create payment links and QR codes without development work. Invoice functionality allows businesses to send branded invoices with embedded payment options, improving cash collection and customer experience. Settlement flows directly into the Revolut Business account, simplifying reconciliation.

Security features such as 3D Secure and Strong Customer Authentication (SCA) help reduce fraud and meet regulatory requirements in applicable regions. Refunds and partial refunds are supported from the dashboard, and chargeback handling is integrated. For developers, the API and webhooks enable custom checkout experiences, event-driven workflows, and automated settlement reporting. Card processing fees vary by market, card type, and business model; Revolut publishes country-specific pricing and may tailor rates by plan tier.

Accounting integrations, API, and automation

Revolut Business connects with leading accounting platforms including Xero, QuickBooks, NetSuite, and Sage. These integrations sync transactions, exchange rates, and receipts, helping reduce manual data entry. Categorization rules can be applied to recurring spend, and enriched metadata (notes, attachments, VAT rates) flows into the ledger to accelerate reconciliation. For teams with custom back-office systems, the open API supports programmatic payments, beneficiary management, real-time balance checks, and webhook notifications for events such as card authorizations, settlements, or incoming transfers.

Automation features extend to bulk payment files, scheduled payouts, and approval workflows. Finance teams can create role-based permissions so that preparers, reviewers, and approvers have appropriate access. This supports segregation of duties and reduces the risk of accidental or unauthorized payments. Combined with detailed activity logs and exportable reports, auditors and controllers gain clearer visibility across banking, cards, and merchant activity.

Security, compliance, and safeguarding

Revolut Business applies multi-factor authentication, device-level security, and role-based access controls to protect accounts. For acquiring, card data is processed in line with PCI-DSS requirements, and online transactions can be authenticated using 3D Secure where applicable. On the regulatory side, Revolut operates through licensed electronic money institutions and related entities, which are supervised by the relevant financial authorities in their jurisdictions. Client funds are safeguarded in segregated accounts at established banks, in accordance with e‑money regulations. Because e‑money accounts are not traditional bank deposits, deposit guarantee schemes (such as FSCS or similar) typically do not apply; Revolut explains these protections and any exceptions by region on its website.

Pricing & Fees

Revolut publicly lists multiple plan tiers for business customers, commonly including a free tier and paid tiers (often named Grow, Scale, and Enterprise). Exact monthly prices, included allowances (such as fee-free local transfers or FX allowances), and transaction fees vary by country and legal entity. Card processing (merchant acquiring) fees also vary by region, card type, and business model. Enterprise plans are typically custom. The most accurate and current pricing is presented on Revolut’s regional pricing pages and inside the account dashboard.

Below is a non-exhaustive overview of how pricing is structured. For precise figures in your country, consult the Revolut Business pricing page or contact sales.

Fee category	What’s included	Disclosure status
Monthly plan	Free and paid tiers (e.g., Grow, Scale, Enterprise) with different allowances for transfers, FX, and cards	Price varies by country; see website
Local transfers	Domestic transfers via local rails (e.g., Faster Payments, SEPA) with monthly allowances on paid plans	Exact allowances/fees vary by region
International transfers	Cross-border/SWIFT transfers and certain out-of-network payments	Fees vary; shown per transfer in app
FX conversion	Real-time rates; monthly FX allowance; markup may apply after allowance and on weekends	Markup and allowances vary by plan
Company cards	Physical/virtual cards; issuance and replacement fees differ by plan	Some fees may apply; see plan details
Acquiring fees	Online card processing via checkout, links, plugins	Percentage + fixed fee varies by region/card type
Chargebacks	Dispute handling for card payments	Fees may apply; disclosed in merchant terms

What is disclosed vs. not disclosed: Revolut typically discloses standard rates by country on the pricing page and provides exact fees in-app before you confirm transactions. Enterprise terms are usually customized. If your business processes high volumes or operates in higher-risk categories, acquiring rates and reserves may be tailored after underwriting.

Pros and Cons

• Broad, integrated toolkit: multi-currency accounts, corporate cards, FX, and an online payment gateway in one dashboard reduces vendor sprawl.
• Strong controls for finance teams: role-based permissions, spend limits, and approval workflows help enforce policies and speed reconciliation.
• Accounting and commerce integrations: native connectors for Xero, QuickBooks, NetSuite, Sage, and e‑commerce plugins reduce manual work.
• Flexible ways to get paid: checkout, payment links, QR codes, and invoicing support both web shops and no-code collections.
• Competitive FX model: hold balances in multiple currencies and convert at transparent rates with plan-based allowances.
• Fast deployment for teams: virtual cards can be issued instantly, enabling remote employees and contractors to spend under preset limits.
• Safeguarding and compliance: funds are safeguarded under e‑money regulations, with clear regional disclosures on licensing and protections.

Cons

• Not a traditional bank account in many markets: e‑money accounts are safeguarded but often not covered by deposit insurance schemes.
• Pricing varies by country: published plan allowances and fees differ by region, which can complicate comparisons across providers.
• Acquiring availability is regional: online card acceptance and rates depend on location, business model, and underwriting.
• Limited cash and cheque options: Revolut Business is built for digital finance; physical cash handling and cheques are typically unsupported.
• FX and weekend markups: after plan allowances or outside market hours, markups apply, which can increase costs for heavy FX users.
• High-risk industries may face restrictions: some business categories may be ineligible or require additional review for acquiring.

Who Is Revolut Business Best For?

Revolut Business suits SMEs, startups, and online-first companies that need a single platform for accounts, cards, FX, and online payments. It works well for distributed teams that issue many virtual cards, set granular spend controls, and rely on automated receipt capture to speed month-end close. Marketplaces, SaaS providers, and e‑commerce brands benefit from the combination of checkout, payment links, and multi-currency balances that reduce unnecessary conversions. Agencies, consultancies, and software companies with cross-border suppliers can hold funds in multiple currencies and pay vendors using local rails where available.

It’s particularly effective for businesses processing anywhere from a few thousand in monthly spend to mid–six-figure volumes that value modern APIs and accounting integrations. Companies using Xero, QuickBooks, NetSuite, or Sage can automate reconciliation and expense categorization. Teams scaling internationally can avoid opening numerous local bank accounts and manage pay-ins, pay-outs, and team spend from a single login.

Who may not be a fit: firms that require classic bank services like cash deposits, cheque handling, in-branch services, or guaranteed deposit insurance on operating balances. Certain high-risk or restricted categories may be unable to use online card acquiring. If your primary need is only a standalone payment gateway with very specialized checkout features, a dedicated processor might be preferable. Always check local availability and terms before committing.

Revolut Business Alternatives

• Wise — Better for businesses prioritizing low-cost international transfers and receiving accounts in multiple currencies without a full acquiring stack. Wise Business offers robust batch payments and competitive FX, but it does not bundle a native online checkout like Revolut’s gateway.
• Airwallex — Strong alternative for global companies needing multi-currency accounts, corporate cards, and a developer-friendly payment platform. Airwallex emphasizes enterprise-grade APIs and international acquiring, which can appeal to engineering-led teams.
• Stripe — Ideal if your primary need is a best-in-class payment processor and gateway with extensive developer tools, payment methods, and risk tools. Stripe focuses on acquiring; you would pair it with separate banking and FX solutions if you need those features.
• Payoneer — Suited for cross-border payouts and receiving funds from global marketplaces. Payoneer offers multi-currency receiving accounts and mass payouts, but its day-to-day expense management and team card controls are more limited than Revolut’s.
• Mercury — A US-focused digital business bank alternative for startups seeking FDIC-insured banking with modern software. Mercury provides ACH/wires and virtual cards but does not provide the same multi-currency FX and international acquiring breadth that Revolut Business offers.