Pre-orders are available in the UK and will begin in Ireland in November 2024. The new POS device is designed for speed, allowing businesses to process payments quickly and meet the increasing demand for reliable POS solutions.
The Revolut Terminal aims to provide 99.9% platform uptime, ensuring continuous operation during peak periods. It features integrated WiFi and SIM connections and an all-day battery life, enabling payment processing at any time.
The device supports Revolut Pay, which allows Revolut customers to make payments directly from the Revolut app and earn loyalty points (RevPoints) in the process without any additional cost to merchants.
The Terminal is fully integrated with Revolut Business, providing businesses with access to funds within 24 hours. When combined with Revolut’s Point of Sale software, merchants can leverage advanced features such as analytics, table mapping, multi-location management, and customer catalogues, simplifying operations and expense management.
This launch comes as Revolut strengthens its B2B offerings, with a focus on the hospitality and retail sectors. The timing aligns with the upcoming high-demand retail season, positioning Revolut Terminal as a competitive POS solution for businesses preparing for increased customer traffic.
Revolut Business is an integral part of Revolut’s broader ecosystem, designed to simplify financial management for businesses of all sizes. Launched to provide companies with tools to manage their finances, payroll, and payments more efficiently, the platform enables businesses to consolidate multiple financial services into a single solution. Through Revolut Business, companies can access multi-currency accounts, automate payroll, handle invoicing, and track expenses, offering a significant advantage over traditional banking services.
The introduction of the Revolut Terminal complements this platform by expanding Revolut’s offerings into the physical retail and hospitality sectors. With the new POS device, businesses can accept payments quickly, optimise cash flow with rapid fund access, and gain valuable insights through advanced analytics. The integration of the Terminal device within Revolut Business reflects the company's strategy to provide a fully unified financial solution for merchants, covering both online and offline payment needs.
Further strengthening this ecosystem is Revolut Business’s partnership with American Express, which was recently announced to expand merchants' payment acceptance options in the UK. This collaboration allows Revolut Business merchants to accept American Express cards for ecommerce transactions, including Revolut Gateway, Payment Links, and Tap to Pay on iPhone, with plans to introduce more in-person payment solutions later this year. Through this partnership, Revolut merchants can tap into American Express' premium clientele, known for higher spending, which can help boost revenue for businesses. The collaboration also aids American Express in expanding its merchant network across the UK, solidifying Revolut’s position in both the online and physical retail spaces.
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