Revolut launches card reader to help merchants accept payments anywhere

Revolut has announced the launch of its Revolut Reader in the UK and Ireland to help merchants accept payments anywhere.

The launch marks Revolut’s move into in-person payments, as the super app continues to diversify its offering for business customers.

The reader will accept instant and secure transactions made with debit and credit cards, as well as contactless payment methods.

Payments can be settled in under five seconds, with customers being able to accept, settle, and store funds all in their Revolut Business account.

”When designing new products, our team always has customer needs in mind: a fast and easy to use solution that will not slow business down, easy access to funds, and receiving payments faster than the industry standard of 2-3 business days,” Revolut product owner acquiring head Maria Garcia Marti said.

The pocket-sized device is capable of streamlining operations without the need to manage multiple accounts and systems, helped by long battery life.

It can be integrated into other POS systems in place within businesses, with Revolut to extend a POS solution that will bring more flexibility to larger merchants if they need to integrate Revolut Reader with POS systems already used.

The new payment terminal comes with a competitive pricing as low as a 0.8% + £/€0.02 per transaction fee and a one-off cost or customised pricing for the businesses dealing with high volumes.

If a customer connects their business account with the Revolut Reader they will gain access to a growing suite of smart Revolut Business tools.

These include: local and international payments, foreign exchange at interbank rate, IBAN for global transfers, payments requests, expenses, subscriptions and company cards management, payroll, Revolut Pay check-out solution.

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