Key Takeaways
- The UK-based Revolut offers business accounts to companies around the world, as well as personal and “Pro” accounts for individuals.
- Revolut is app-focused, making it ideal for mobile users.
- However, we see certain shortcomings around the platform’s numerous restricted industries and lack of advanced workflows.
- Payset aims to provide comparable services that meet the needs of businesses not well served by Revolut.
- To see how Payset compares to other payment services, see our full comparison page.
Revolut is one of the UK’s most notable neobanks and payment companies, focused on providing a wide variety of digital banking services.
It was founded by entrepreneurs Nikolay Storonsky and Vlad Yatsenko in 2015 starting with a simple product: a multi-currency card linked to a mobile app.
The company quickly expanded into more products, including trading, investments, budgeting tools, and travel insurance, and most importantly, a wide selection of services aimed at business and enterprise users.
Today, more than 65 million users and 500,000 business customers use the platform globally. Revolut is a strong choice — but is it right for your business?
Why Choose Revolut?
There are plenty of reasons to use Revolut, but it often appeals most to businesses for its focus on payments, cards, and expense management tools.
Revolut’s mobile-first approach is ideal if you’re always on the go, as its business and personal accounts are primarily accessed through apps.
Personal account holders can also view and top up their account through a web interface, though the extent of web access for business accounts is unclear.
Revolut’s worldwide coverage adds further appeal. By supporting over 160 countries and regions and 36 in-app currencies, the platform offers fairly wide global coverage if you need any sort of global payments service.
Core Products and Offerings
Revolut offers a wide variety of products, including:
- Business accounts that allow users to send, receive, and exchange over 35 currencies globally — plus expense management tools, payment cards, accounting software integration, billing, and more.
- Personal accounts, allowing users to hold and exchange over 30 currencies, send money globally, and earn annual interest.
- Payment cards in personal and business tiers, with business-tier cards supporting payments in over 150 currencies.
- Payment acceptance tools, such as terminals, card readers, payment links, checkout flows, invoicing, and more.
- Platform and API tools for automating business processes in areas such as payments, card issuing, and team invitations.
- Stock and crypto investment in eligible regions.
Pricing and Fees
Revolut offers a variety of account tiers with different fee structures:
- “Basic” business plans from £10/month, focused on business essentials.
- “Grow” business plans from £30/month, offering no-fee transfers, higher monthly limits on the interbank exchange rate, spending control and bulk payments, and interest on savings.
- “Scale” business plans from £90/month, with even greater limits on interbank exchange rates and no-fee transfers, plus higher savings interest.
- “Enterprise” accounts with custom pricing, negotiable limits and interest rates, and specialised account management.
- Payment processing rates starting at 0.8% + £0.02 for in-person payments and 1% + £0.20 for online payments.
- Personal plans starting with a free tier, plus paid plans ranging from £3.99/month to £55/month (introductory offer).
Note that the above applies to UK users. Revolut’s EU and US plans are broadly comparable but may lack certain features or come in different tiers.
Target Audiences and Use Cases
Revolut supports several sectors, including retail, travel, marketing agencies, telecoms, software-as-a-service (SaaS), credit, finance, and industry.
Let’s look at a few key industries in greater detail.
E-Commerce
Revolut serves the e-commerce sector with support for in-person and online payments, plus extra tools for sales, subscriptions, and supplier payments.
One company in this category is Rakuten France, which used Revolut to reduce expense reporting times by 25% and cut payment processing times in half. Another example is INKSE, an Australian fashion brand that saved more than $60,000 on currency exchange fees over nine months with Revolut.
Travel Sector
Revolut also names travel as a key sector. Here, the company highlights its end-to-end payment solutions and card issuance features.
Aer Lingus, an Ireland-based airline, is one notable client. By adopting Revolut Pay, it completed a greater proportion of transactions, achieving cart abandonment rates below 10% and authorisation rates above 98.5%.
Freelancers and Solo Businesses
Revolut additionally advertises a Pro account — a simplified business account aimed at freelancers, sole traders, and self-employed professionals.
Revolut offers this service to personal account holders at no extra monthly fee. However, it charges transaction fees on every payment you accept.
This account is available even if you are not registered as a business; you may instead provide a website or social media profile as proof of business activity. Pro accounts also offer 1% card cashback on business expenses.
Global Compliance and Deposit Protections
Revolut is regulated in the UK as an electronic money institution (EMI).
It engages in safeguarding by storing user deposits in bank accounts and low-risk investments approved by regulators. This means that user deposits are not insured under the Financial Services Compensation Scheme (FSCS).
However, Revolut’s own bank deposits are insured for up to £85,000 per bank. Revolut says users would be paid with priority if it entered bankruptcy.
Revolut additionally protects funds with other measures such as identity checks, biometric security, gambling restrictions, and disposable virtual cards.
What Are Revolut’s Biggest Limitations?
- Mobile focus: Both Revolut’s personal and business accounts are mobile-first, a model that is ideal for some but not all users.
- Workflows: We see critical business operations, like corridor cut-offs and intercompany workflows, as difficult to manage through Revolut.
- Tier variations: Lower account tiers have significant limits around feeless transfers, interbank exchange rates, and ATM withdrawals.
- Transaction limits: Revolut limits transactions to UK beneficiaries to 250,000 GBP and sets limits on other currencies.
- Restricted industries: Revolut does not serve businesses involved in gambling, streaming, video game arcades, adult content, and other activities listed here. It also names cryptocurrency as a possible risk area in which it may offer only partial services to the account holder.
- Merchant restrictions: Revolut’s merchant accounts prohibit additional industries, including crypto companies and holding companies.
- Preferential customer support: High-tier customers can make in-app support calls, but lower tiers are limited to in-app chat.
- Slow account approval: ID checks may last up to 5 days.
How Does Revolut Compare to Payset?
| Payset | Revolut |
| Web and mobile access | Primarily mobile access |
| Business accounts: £29/month and fees | Business: £10-£90/month and fees |
| Personal accounts: £9/month and fees | Personal: £3-£55/month and fees |
| No sign-up fee | No sign-up fee |
| Support for over 180 countries and 34 currencies | Support for over 160 countries and regions and 36 currencies in-app |
| Payment cards coming in 2026 | Cards and processing of card payments |
| Bulk and scheduled payments (see details) | Bulk payments |
| Team access for all business users (see details) | Team access |
| No transfer limits once compliance requirements are met (see details) | 250,000 GBP transfer limit in UK and limits for other currencies |
| Regulated in the UK as an EMI, with licenses and/or services globally | Regulated in the UK as an EMI, with licenses and/or services globally |
| Account opening in 1-3 business days | ID verification may take up to 5 days during account onboarding |
| Safeguarding policy | Safeguarding policy |
| Dedicated account manager (add-on) | Account management for highest tier |
| Friendly to crypto businesses outside the UK and many other sectors; only prohibits adult content and illegal activity | Restrictions on several industries |
The Bottom Line
Revolut is an attractive choice for businesses around the world. With plenty of features and service tiers to choose from, it’s just right for many users.
However, we see certain limitations around Revolut’s mobile-first model and its restrictions on numerous industries. Plus, we believe it lacks support for advanced workflows, making it less than ideal for complex companies.
At Payset, we aim to bridge the gap with versatile mobile and web access, services unified in one business tier, and broad industry support.
With support for over 180 countries and 34 currencies, we can help you get your money where it needs to go. Apply for an account today with no sign-up fee.
Disclaimer: Pricing, features, and details on this page are based on competing websites at the time of writing (November 2025). Details may change over time, vary by region, and do not cover all service options offered by competitors. Users should verify details with competitors. Payset does not endorse or represent any competitor, nor have competitors endorsed the above content. Payset and related parties disclaim liability for any errors or actions taken based on this content. Information is for general purposes only and offered at the user’s own risk.
