Revolut Business

Pros

Revolut is a payment processor with many tools that has gone unnoticed, it is a Neobank with a lot of potential, I have used the personal and business versions and I can say that it far surpasses large payment processors. One of the functions that I can highlight is that it issues both physical and virtual cards, so you can have better control of expenses and avoid hidden payments, I like that it is digitized and you can receive contactless payments on your iPhone, no need for a POS.

Cons

What I don't like is that sometimes the synchronization with some banks is not working, I have had problems connecting with a bank, Revolut uses Plaid, and for some reason it doesn’t recognize the login of the bank that I wanted to add.

Pros

1. Very user friendly and easy to operate
2. Mobile app is glitch free
3. Quick and secure transactions across borders

Cons

1. API integration is a bit tough
2. Doesn’t support other tool access in single login

Pros

The interface was not as bad as their attitude to customers.

Cons

Revolut just blocked the corporate account after 5 years of cooperation!

Pros

Very easy to use and open accounts. Access to current/savings account, as well as card. Easy to transfer currency too.

Cons

To get access to some features you have to enrol in a premium plan

Pros

Its ease of use ultimately; i like the dashboard; also the paid features.. it is easy to understand what i can choose to acquire though them

Cons

The lack of a walk in store in order i may see and speak to another human

Pros

At first, it was helpful in that I was able to send and received money without friction.

Cons

Over the last 2 months, more and more payments have gone missing.

Despite using identical details, more than 30% of inbound payments have not been received.

Their support function has a sole purpose of blaming the other counterparty.

Pros

Can manage expenditure on the go with the mobile app and integrate this onto Xero tracking project spend

Cons

Sometimes the transaction feed doesn't automatically link onto xero

Pros

It offers the convenience of most cash apps with the added benefit of easier cost-management from an administration point of view, giving us more control of overseas spending

Cons

Some of the features are difficult to access from a UI/UX perspective, particularly adding new contacts

Alternatives Considered

Pros

It's very easy to set up and do online banking

Cons

I couldn't receive payments from countries like Canada

Pros

I was easy to open an account and get the debit card.

Cons

You can't pay taxes. So if you have a business and therefore need to pay taxes, Revolut Business will not serve you.

Pros

I work with overseas clients a lot so the currency options and rates are very attractive. Also I use the Xero accounting platform so the integrations for invoicing etc. are very important to me. Using the two packages together give me a solid and complete finance platform for my business.

Cons

Rewards are weighted towards certain use cases, that I tend not to encounter. Would be great if I could more easily reconcile expenses directly from my other Revolut account to this one.

Pros

As a user and not an admin: 1. I didn't have to expense my business trips manually (though still needed to send receipts separately)2. It was great that I could add a virtual card very easily and have access to the funds without having to wait for my physical card to arrive (which is not the case with Moss, which I hate)3. I am a personal revolut user as well and I like the multicurrency feature. We travel in different countries for work so it's important we have that.

Cons

My employer stopped using revolut for business and switched to moss in spring 2023, so the following comments could be outdated1. It seemed like it wasn't possible for our admins to assign individual budgets, so all of us shared the same pool of money and I could see how much it was in the account. That was weird2. I couldn't attach receipts with the transactions. Had to manually send it to finance. 3. It's only ever used for business trips. We can't use revolut for other business expenses such as subscriptions and other purchases. Increased a lot of overhead.

Pros

Easy, convenient and cost-efficient online banking tool for small companies with great extra features to manage online spending as well.

Cons

The POS terminal or other card payment features are still not available in my country.

Pros

the way to receive money and to send and connect the financial system and many possibilities with Revolut business

Cons

Some commissions and transaction too expensive

Pros

Nothing. Looks fancy on the outside and marketing

Cons

Was a bad experience overall and total time waster. They did not upfront tell you what kind of business they want to accept for using their services, and is very misleading. They had asked so much personal information from me and my company to be uploaded again and again and finally declined my application, wasting my whole week whilst applying to use their international transfer services, should have just gone elsewhere. Painful, breached of my privacy and misleading. Good riddance.

Alternatives Considered

Pros

It is an easy tool. Nice for transfers. Fees are very low which is the thing I like most.

Cons

I am not feeling safe loading a lot of money on it. Maybe the Baltic origin of this , or maybe I am scared but I would not trust an online bank all my savings. I am not sure if they can do anything to fix this.

Pros

Smooth and easy to use interface and expenses systwm

Cons

It’s like of overall financial security and the spate of recent hackings

Pros

Free, easy to use, and good expense management and tracking tools.

Cons

Had some issues with setup and verification, customer support are not helpful and just send the same generic mail stating to "follow these steps" after you tell them the steps/links/references don't work.

Pros

The application is very easy to use and its functions are perfect for people who like high security, especially when you travel abroad. You can simply lock your card and unlock it only when you need to use it, no need to share information about your real cards, very easy and free currency conversion.

Cons

Sometimes it takes up to few days until you receive the money from Revolut Business card to your bank account. Their customer support is not the most helpful. The card works among EU, not outside.

Pros

Quick and not to expensive, but terrible and absolutely useless service.

Cons

Quickly operations and not too high fee.

Pros

1)Offers a range of features to help businesses manage their finances, including multi-currency accounts, expense management, and virtual cards.2)It has a user-friendly interface and mobile app, making it easy for businesses to access and manage their accounts on-the-go.

Cons

Sometimes, it is being observed poor customer service , which can be a concern for businesses.

Pros

By far the best app for banking and money transfer

Cons

Some times don't do some transfer and payment and need certain reason

Pros

Easy to use
Convenient app
Basic services are for free

Cons

They dont care about you, if you need anything all the support tells you is that they are sorry, or they cant help
Never rely on them to do something, or you will miss your finantial reporting, statements and money, but they dont care about that
0 level of pro client approach (the worst bank of the 5 banks i use regulairly)
Lost a lot of money with integrating Revolut payment gateway, just to got declined out of blue for no reason and no way to appeal

Pros

The interbank exchange rates Revolut use are phenomenal. There is no way to get that exchange elsewhere and especially with the convenience of doing everything on your phone. The app is great, very easy to use and you get real time notifications for any transactions made in your account. The customer support is also very responsive, you can chat with them real time on your phone and they are very very helpful.

Cons

I don't know if there is such a thing. Perhaps I wish that the limits for withdrawing were somewhat higher and they had other options for Debit cards other than Visa for non-premium users.

Pros

It's easy to use, when it's working. Currency exchange is neat feature.

Cons

At this time all my experience is not positive due to support inquiry that's dragged out over a month. Their service is making me not compliant for tax reporting as I can't download statements from their app.

Pros

I use Revolut for Business as my bank for my freelance business. Amazing features include

- Ability to create and manage physical and virtual cards, I have a virtual card for one-off expenses and one for recurring expenses which helps to track expenditure
- Instant transfers to and from other Revolut for Business accounts, as well as to personal Revolut accounts, I use Revolut for my personal banking so I can instantly send money from my business to my personal account
- Easy to use interface for managing money, exporting transactions and sending & receiving money, much better than traditional banks.

Cons

I haven't any issues or required new features with Revolut for Business. The only con I can list is that since credit & loans aren't available (for Ireland at least), it can be a good idea to have your business banking with a traditional banks so that you can get a loan from them if needed.

Pros

the fastest way to withdraw money , easy to use and worthy the VIZA vard is fancy too

Cons

i dont like how i have to wait days to send money from my revolut account to my standart bank account

Pros

They just accept any top ups with any cards

Cons

My card was compromised and wanted to dispute some transactions. A real bank will help out the customer at any time but Revolut finds always a way NOT to help out the customer,I have been with them in touch every single day waiting in chats for hours and charge back team contacts me with some Terms and conditions that they cannot help me. So my money was lost. The transactions were Not 3d secured so a real bank would help me out to get back my money . I personally worked with chargebacks and the bank will always help out the customer but Revolut is obviously not a bank and they are not helpful and also greedy. I don't recommend at all I'm sorry.

Pros

The features that exist work well most of the time. The interface is clean. The product is conveinient

Cons

Nonexistent features are oversold-- "Xero integration". Customer service inquiries have been excruciating endeavors. Usually CS conversations drag on for days or weeks, with chat-only replies coming back every few hours from a different staff member.

The entire two-week trial period only let me test their support experience while they fixed their own admitted issues/bugs with the account. Not extending the trial is a "set policy", and it can only roll over into an annual contract.

I trialled Revolut for Business circa 6 months ago, and can firmly say the experience has not improved since then, and features promised more than a year back have never materialized.

Pros

Revolut is not that expansive and offers a lot, since it’s European Declared Bank, you can have a overdraft that fits every company who wants to grow faster

Cons

Revolut, still is a Online Bank and do not offer any physical bank and neither any bank advisor to help you guide in the financial world

Pros

They have lots of built-in functionalities and great features such as analytics, virtual card creation, multiple security options, instant payments within the network, notifications for every transaction or event. Their commissions are pretty low compared to PayPal. Their whole user experience from receiving the card to using the mobile app is great.

Cons

They still do not have the same market adoption as PayPal, but they are still growing fast. If you live in Europe though there is no problem.
They had payment issues lately with some sites.

Pros

You can set up alerts for when you receive deposits or payments. You get alert when you make a payment. I love their customer service.

Cons

So far there is absolutely nothing that I dislike about Revolut.

Pros

Excellent exchange rates.
The physical cards are accepted everywhere.
Very easy to use interface, really impressive user oriented design.
Instantaneous notifications when you are using the cards.

Cons

I would also like a desktop application, for when you need to do a lot of repetitive transactions and the mobile can be cumbersome.

Pros

It has really many mention-able features. I really like having many currency accounts with one card, its way of buying bitcoin in a really easier way. Keeping my tracking into the specific categories.

Cons

The only think came up to my mind is it really doesn't offer to all countries. Only EU and some few others. I really would like to see its entire world version

Pros

Easy to use on pc, easy to send payments

Cons

Bad App application, not usable at all, no functions.
48h to get replies from customer service

Pros

I really love this application. I use this for sending FIAT funds to several investing platforms and i really love the process when i compare it to other banks in our country. I am able to fund my Revolut account directly from debit card of my Bank, which is instant process, then i am able to change money to whatever currency i want with exchange rate much better than offer banks and then i can make free SEPA payment to my investment account. Easy, simple, cheap.

Cons

Is very easy to make mistake in changing funds to other currency and because there is no possibility to revert action, then i must to make change again, which means some lost of money.

Pros

Revolut is making banking into a SaaS product. Their online banking module is easy to set up and use. Transfering money is simple. Exchanging money from one currency to the next is easy and cheap.

Cons

No direct debits, setting payment dates is impossible.. Some of the banking functions that you'd expect as 'out-of-the-box' simply aren't available.

Pros

0$ for the account and free MasterCard. There is no better option for international fresh internet LTD business

Cons

0$ account have also 0,4% fee for currency exchange starting from 0$.

Pros

Revolut was recommended by several friends of mine and I had to test it. I was not disappointed.
It is a great solution if you're working online and dealing with currency convertions and money transfer fees.

Cons

Despite the recommendations of different people I still felt something shady was going on. I just don't like that the app pushes you to add so much personal information.

Pros

definitely, one of the "must have" software in your company!
Easy to use, great pricing, fast transfer, team cards, interbank exchange rates... You need Revolut!

Cons

Missing mobile app for Revolut for Business

Pros

First of all: its cheap and its well-designed. We love the modern touch. we love the team cards option especially.

Cons

its still lacking a mobile app and the customer support is really not that great

Pros

revolut is outstanding and very straightforward and a very simple way to make transfer with no hidden fees

Cons

the support could be a little bit faster for sure but its okay

Pros

It offers the cheapest exchange rates i have ever known, but it's cryptocurrency and lending offers shouldn't go unmentioned.

Cons

It took a long while before I was able to get a physical card.

Pros

Security. As a traveller, I really enjoy the way you can configure this card. Simply disabling/enabling different functionalities or the whole card at once. I lock my card generally all the time, and unlock it in front f the ATM. Also the option of multiple currencies with automatic exchange if you like to do so at a value you can set. Theres lots of more to discover. This account is whole new way of banking.

Cons

So far as I know, beyond the hotline to lock our card, there is no customer service hotline.

Pros

The easy to use APP and Site, the no answer on creating a new account, the possibility to have a physical card, and most of all, the possibility to escape the fees that your physical bank charges you, when working with other currencies.

Cons

Some information is not clear, and sometimes you need to talk with helpdesk. But everything is corrected with no hassel.

Pros

Everything! So easy to use. Quick. Efficient. Can transfer funds to different currencies within you banking app. instantly.

Cons

Some of the transfers can take a little longer than I'd like.

Pros

I am a huge fan of Revolut in general. Now for Business, this is awesome. Simplifies a company life

Cons

The offer can be a bit difficult to explain to someone used to "classic" methods

Pros

After Circle Pay and its awesome currency converter shut down, I had to look elsewhere for options to convert euros to USD without paying $$$. Revolut was the next best option. I was able to add my Euro and USD bank accounts/debit cards to Revolut and then convert money right there in the app quickly! Bank transfers were within 2-3 days. So this is my to-go app for currency converter.

Cons

Revolut needs to let us in the US to be able to add euros to our accounts. This time my European bank does the conversion to USD when I add the money to my Revolut account. The exchange rate was okay...I just lose about one euro every time I do it so it won't be "market-rate" exchange unless I can add euros to my Revolut account and then convert within the app.

Pros

I find the app really easy to use. I love the single use virtual cards. Using Revolut is so much safer than using a regular card.

Cons

You can't use Revolut everywhere. Some websites have banned it.

Pros

None: it cannot perform the task for which I purchased it.

Cons

Transfers to banks in the US aren't at all reliable: if the amount is a bit large they keep getting denied. Customer service is useless and can't say there is no exact limit on transfer amounts. This is ridiculous for a bank.