Revolut tweaks business accounts with new pricing structure
Fintech startup Revolut announced changes to its business accounts this week. The good news is that if you were thinking about trying Revolut for your business needs, it’s now cheaper to get started. But there are some limits.
While Revolut is better known for its regular consumer accounts that let you receive, send and spend money all around the world, the company has been offering launched business accounts for a couple of years.
The main advantage of Revolut for Business is that you can hold multiple currencies. If you work with clients or suppliers in other countries, you can exchange money and send it to your partners directly from Revolut’s interface.
The company also lets you issue prepaid corporate cards and track expenses. Revolut for Business also has an API so that you can automate payments and connect with third-party services, such as Xero, Slack and Zapier.
None of this is changing today. Revolut is mostly tweaking the pricing structure.
Previously, you had to pay £25 per month to access the service with a £100,000 topup limit per month. Bigger companies had to pay more to raise that ceiling.
Now, Revolut is moving a bit more toward a software-as-a-service
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