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

Was very easy to setup and more convenient than going to a traditional bank. We went with Revolut as had no fees when compared to alternatives.

Cons

No issues thus far with Revolut. If had to say - the app can be a bit confusing at first for example locating your card details.

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

Everything you can set in the app. IT is realy cool

Cons

IT is very expensive like for Polish standards

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

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

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

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

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

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

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

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

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

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

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

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

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

Smooth and easy to use interface and expenses systwm

Cons

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

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

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.