Revolut Business Review

Revolut Business Review Summary

Revolut has a host of business banking services, which are perfect for small businesses. For one thing, it is completely free to use. It also offers a variety of subscription plans to suit the needs of different types of business. The Revolut website offers different account options, and you can choose the best one for your business. The company provides various business accounts. Revolut Business has many benefits for small businesses, including the possibility to route your salary directly to your bank account. The founders of Revolut have experience in a wide range of industries, and have made the product easy to use. Its business model is based on the dyadic principle, where a person purchases a good or service without having any prior interactions.

Revolut Business review
Revolut Business Features

Revolut Business Year Established

2015

Revolut Business International Clients

Revolut Business accepts international clients.

Revolut Business Age requirement

18 years

Revolut Business Currencies Offered

28 online

Revolut Business Minimum Transfer

none

Revolut Business Transfer Fees

none

Revolut Business Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Revolut Business Employees

2158

Revolut Business Turnover

361000000

Revolut Business Regulation

Financial Conduct Authority (FCA)

Revolut Business Fees

Revolut Business transfer fees are none.

Fees with Revolut Business may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Revolut Business, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Revolut Business Client Rating

Revolut Business has a rating of 3.

Number of Revolut Business customers

500,000

Revolut Business Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

Revolut Business Supported Languages

English, German, Spanish, French, Italian, Lithuanian, Dutch, Portuguese, Polish

Month Savings
January $100
February $80

Revolut Business Review

Revolut Business review
Pros and Cons of Transferring Money with Revolut Business

Most of the time money transfers with Revolut Business will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Revolut Business money prior to submitting an application to Revolut Business.

Can you easily afford the Revolut Business fees, are the exchange rate costs reasonable with Revolut Business?

Revolut Business review
Revolut Business Advantages

  • Revolut Business has been in business over 4 years
  • Revolut Business is availble in many international countries.
  • Revolut Business offers a wide range of money transfer currency options.
  • Revolut Business offers phone support.
  • Revolut Business offers email support.
  • Revolut Business offers an Apple iOS mobile application.
  • Revolut Business offers an Android Google Play Store mobile app.

Revolut Business review
Revolut Business Disadvantages

  • Revolut Business does not offer PayPal as a payment method
  • Revolut Business does not offer Neteller as a payment method
  • Revolut Business does not offer Skrill as a payment method
  • Revolut Business does not offer a mobile wallet.
  • Revolut Business does not offer Home delivery for money transfers.
  • Revolut Business does not offer Cash pickups for money transfers.
  • Revolut Business does not offer Money orders.
  • Revolut Business does not offer Livechat support.

What Is Revolut Business?

Revolut Business is a financial service company, that offers its clients money transfer services.

Revolut Business was founded in 2015 by Nik Storonsky and has offices in London (GB).

Revolut Business provides money transfer services to its 500,000 customers who are from all over the world including Worldwide.

The London (GB) Revolut Business business was founded in 2015 to deliver money orders locally and internationally.

Do Revolut Business Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Revolut Business Trusted And Established?

Revolut Business is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Revolut Business was established in 2015 in London (GB), and has been in operation for around 9 years Revolut Business have a head office in London (GB).

Revolut Business review
How much does it cost to send a Revolut Business Transfer?

Revolut Business money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Revolut Business only charges none, when compared to other money transfer service providers.

Revolut Business review
How much can I send with Revolut Business?

The maximum transfer amount with Revolut Business is up to 500000 GBP (or its currency equivalent) online.

While Revolut Business charges a small percent of transfer fees, the brand offers reasonable exchange rates.

Revolut Business review
Revolut Business Money Transfer Terms and Conditions

When transferring money with Revolut Business, it is crucial to keep tabs on the following:

  1. Revolut Business Speediness. Often the need to money transfer may be urgent and time critical.
  2. Revolut Business Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Revolut Business Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Revolut Business Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Revolut Business Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Revolut Business customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Revolut Business review
How Revolut Business Compares To Other Money Transfer Companies

NameRevolut BusinessXE Money TransferWise Multi-Currency Account
Usedby500,00028000000011000000
Transfer Time1-3 business days1-4 business days1-2 business days
Min TransfernoneUS$1.001 USD
Max Transfer500000 GBPUS$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment MethodsCard payments, bank transfer, Apple payBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Revolut Business review
Revolut Business Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Revolut Business or imposed by Revolut Business. Your Revolut Business money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Revolut Business account.

Revolut Business review
Revolut Business Fees & Exchange Rates

Several money transfer platforms like Revolut Business charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Revolut Business may charge for a currency exchange.

Revolut Business review
Revolut Business Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Revolut Business charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

Revolut Business review
Revolut Business Exchange Rate Margins

Exchange rate margins are how Revolut Business, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Revolut Business quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Revolut Business to see what their exchange rate margin is.

Revolut Business review
Revolut Business Methods to Transfer Funds

A Revolut Business fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Revolut Business enables users to transfer money using bank transfer, via none.

Revolut Business review
Revolut Business Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Revolut Business offers every available world currency to its customers. We list the major Revolut Business supported currencies below.

Revolut Business Money Transfer Currencies
NameCurrencies
AED, AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Revolut Business review
Revolut Business Transfer Options

Revolut Business offers the following transfer options:

Revolut Business Money Transfer Options Compared
NameTransfer Options
payment links, QR codes
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Revolut Business. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Revolut Business review
Who Revolut Business Services Are Available To

Revolut Business offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Revolut Business Country Restrictions

Revolut Business does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Revolut Business is not allowed to legally operate in those regions or it is not economically viable for Revolut Business to provide money services in these regions.

Revolut Business review
Revolut Business International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Revolut Business money transfer is quick and simple with the modern Revolut Business online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Revolut Business website.

The Revolut Business website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

Revolut Business review
Revolut Business Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Revolut Business has a minimum transfer amount of none.

Revolut Business review
Revolut Business Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Revolut Business does not have a maximum transfer limit when the user is paying through phone. There is however, a 500000 GBP limit per transaction for online transfers.

Revolut Business review
Revolut Business Money Transfer Fees and Charges

These are the fees charged by Revolut Business and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Revolut Business review
How Long Does It Take to Get a Revolut Business Money Transfer

Revolut Business money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Revolut Business, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Revolut Business.

Revolut Business review
Revolut Business PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Revolut Business is not a publically listed company. Revolut Business is a privately owned company.

Revolut Business review
Revolut Business Money Orders

The charges for issuing money orders with Revolut Business are none.

Revolut Business review
Revolut Business Mobile Top Up

Revolut Business offers mobile top ups.Revolut Business mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Revolut Business COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Revolut Business directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Revolut Business Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Revolut Business. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Revolut Business money transfers are best for people looking for looking for a reliable fast money transfer service.

Revolut Business Guide for Fast Money Transfer Approval

For Revolut Business to be able to process your money transfer application as quickly as possible make sure you have everything Revolut Business need. If you and Revolut Business need to go back and forth it may delay the Revolut Business application process. Make sure every piece of information you give Revolut Business is accurate.

Please note that you must have at least a minimum of one active bank account for Revolut Business to process your money transfer.

Revolut Business Application Time

Application time refers to the amount of time you have to wait for your Revolut Business registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Revolut Business system.

Revolut Business Approval Time

It is the time it takes for Revolut Business money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Revolut Business Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Revolut Business money transfer has been approved the money should be in your account within four working days.

Revolut Business review
Things to Check Before a Revolut Business Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Revolut Business money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Revolut Business review
Revolut Business Customer Support

Revolut Business support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Revolut Business customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Revolut Business money transfer you will want to speak to a Revolut Business representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

Revolut Business review
Does Revolut Business Offer Live Chat?

Customers can reach out to Revolut Business through live chat to resolve Revolut Business money transfer account issues or difficulties with their Revolut Business account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Revolut Business review
How does Revolut Business Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Revolut Business you will want to know how Revolut Business compares with other leading online money transfer companies. See how Revolut Business compares below.

  1. Visit Revolut Business alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Revolut Business alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit Revolut Business alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit Revolut Business alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Revolut Business alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Revolut Business alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Revolut Business alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Revolut Business alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Revolut Business alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Revolut Business alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Revolut Business alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Revolut Business review
Revolut Business Website and Mobile Apps

Revolut Business has a website available online but it may be useful to manage your Revolut Business account from your mobile device like your tablet or phone.

Revolut Business offers an Android mobile application on the Google Play store.

Revolut Business offers an Apple IOS mobile application for iPhones and iPads allowing Revolut Business to users to check their Revolut Business accounts on their iOS mobile devices.

Revolut Business review
Revolut Business Deposit and withdrawal Methods

Revolut Business offers the following Money Transfer payment methods: Card payments, bank transfer, Apple pay. All of significant bank systems are all acknowledged with Revolut Business.

Revolut Business offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Revolut Business may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Revolut Business.

Revolut Business review
Is My Money Safe With Revolut Business?

Revolut Business is a reliable, secure, and trusted option for sending money overseas. Revolut Business are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Revolut Business customers.

Revolut Business review
Revolut Business Financial Regulation and Safety of Revolut Business Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Revolut Business that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Revolut Business is fully licenced as a money transfer company.

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Revolut Business Payment Services Regulations and Revolut Business

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Revolut Business is financially regulated. Revolut Business is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Revolut Business Possess a responsibility of care to their clients.

Is Revolut Business Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Revolut Business are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Revolut Business and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Revolut Business Segregation of Client Funds

Revolut Business as part of their regulation are required to segregate client funds from Revolut Business company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Revolut Business regulatory requirements mean that Revolut Business Money Transfer funds and your funds should be totally separate. Revolut Business cannot use any money that is still legally yours to conduct Revolut Business daily business like paying Revolut Business suppliers and costs. Your funds should be kept by Revolut Business in a segregated bank account.

Revolut Business Regulation Checklist

  • Check whether Revolut Business has authorisation to offer consumer credit
  • Check the type of activities that Revolut Business are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Revolut Business list on their website and the regulator match.

Revolut Business Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Revolut Business goes to great lengths to protect your Revolut Business account from fraudulent use. We explain some of Revolut Business anti-fraud features below:

  1. Revolut Business has SSL encryption that protects the customer's private information.
  2. Revolut Business has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Revolut Business platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Revolut Business account, as you are instantly aware of every Revolut Business transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Revolut Business, the Revolut Business accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Revolut Business delivery instructions.

Revolut Business Monitors Your Account for Suspicious Transactions

Revolut Business has systems and controls in place to detect fraudulent activity and protect Revolut Business client accounts from misuse. If Revolut Business detect a questionable transaction on your Revolut Business account, Revolut Business will contact you to verify the transactions legitimacy to ensure your Revolut Business funds are safe.

How Does Revolut Business Make Money?

Revolut Business and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Revolut Business also earn money via foreign exchange rates.

Money transfer companies like Revolut Business and banks need to survive, so they make money on interest from accounts and money transfers.

Revolut Business Frequently Asked Questions

We list some of the most frequently asked Revolut Business questions below.

Is there a limit to how much I can transfer with Revolut Business?

You can transfer up to 500000 GBP at a time.

When will I receive my Revolut Business transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Revolut Business transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number +442033228352.

How old do you have to be to sign up to a Revolut Business account

To signup to a Revolut Business account you will need to be at least 18 years old.

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Is Revolut Business a Scam?

Revolut Business have been in operation since 2015 and have over 500,000 customers and 2158 employees. Revolut Business is not a scam.

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Sending money online with Revolut Business

Sending money with Revolut Business is a single process once you have registered and verified your Revolut Business account and payment methods.

  1. Go to the Revolut Business website
  2. If you have a Revolut Business account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Revolut Business how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Revolut Business exchange rate and any fees.
  7. Pay for your Revolut Business transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Revolut Business money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Revolut Business account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Revolut Business money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Revolut Business allows for a deposit directly into your bank, credit union or other financial account.

Revolut Business Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Revolut Business allows you to pick up money in person at a Revolut Business agent location.

Revolut Business Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Revolut Business Does not support mobile wallets.

Revolut Business Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Revolut Business do not offer home delivery money transfers.

When was Revolut Business founded?

Revolut Business was founded in 2015.

Is Revolut Business Any Good?

Revolut Business have a rating of 3 and are financially regulated, Revolut Business can be considered a good money transfer company.

Is it easy to close my Revolut Business account?

Its is easy to close you Revolut Business account. You will have to make sure any outstanding payments and fees due to Revolut Business are paid in full Before Revolut Business will fully close your account. Make sure when closing your account Revolut Business send you an official confirmation that your account is closed and no more monies are due to Revolut Business.

Does it take long to setup a Revolut Business account?

No, setting up a Revolut Business account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Revolut Business account in 1-3 days.

Where are Revolut Business based?

Revolut Business are based in London (GB)

Countries where Revolut Business is legal?

Revolut Business is legally allowed to operate in over 31 countries.

How do I track a Revolut Business Money Transfer

You can track a Revolut Business money order by calling Revolut Business or by tracking the order online. Call Revolut Business number on +442033228352. The Revolut Business automated phone system will take a few details and give you a status update. You can go online to the Revolut Business website and check the status of a money transfer at any time.

If you have a Revolut Business online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Revolut Business transaction, use the Revolut Business payment reference number on the Revolut Business website to check the status of the transfer.

Can I cancel my Revolut Business transfer?

The way that you cancel a Revolut Business transfer depends on how you created and sent the Revolut Business money transfer originally.

You may need to contact Revolut Business by phone on +442033228352, through their website at business.revolut.com or via email [email protected].. Requests are typically processed within 30 days, and you may be charged a cancellation fee by Revolut Business.

If you made the Revolut Business transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Revolut Business account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Revolut Business transfer on their website.

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