Revolut Business, the global financial technology platform, has launched a full-suite merchant acquiring product in Australia, marking a significant expansion of its B2B offering in the region.
The launch introduces what Revolut claims is an Australian market first: a unified ecosystem that integrates account-to-account, online, and in-person payments directly within a core business account.
Streamlining the payment stack
The new product is designed to consolidate fragmented payment systems. Traditionally, businesses rely on multiple third-party providers for acquiring and banking. Revolut’s solution aims to eliminate this by allowing businesses to manage their entire payments operation—acceptance, settlement, and management—from a single platform.
Key features of the new suite include:
- Unified Ecosystem: The ability to accept and settle payments alongside the core business bank account.
- Competitive Fees: Processing fees starting from 0.5 per cent per transaction.
- 24/7 Settlement: Payment settlement available 24 hours a day, including weekends.
- Multi-Currency Support: The ability to hold and settle funds in over 30 currencies, helping to limit unnecessary exchange fees.
Hardware and online tools
The acquiring suite caters to both SMEs and large enterprises with a range of tools. For smaller operators, Tap to Pay on iPhone enables payment acceptance without dedicated hardware. For businesses with higher transaction volumes, the Revolut Terminal provides a dedicated, all-in-one payment processing device.
Online merchants can integrate Revolut Pay for a one-click checkout experience, as well as accept payments via Apple Pay, Google Pay, payment links, and invoices.
James Roberts-Thomson, head of Revolut Business Australia, commented on the launch: “We’re thrilled to continue building on the success of Revolut Business in Australia. This launch marks a genuine step-change in how Australian businesses can manage payments. Revolut Business exists to redefine what’s possible for business banking — replacing complexity with clarity, high fees with fairness, and slow systems with global innovation.”
Addressing business pain points
The launch follows a survey conducted by Revolut in partnership with YouGov, which found that 83 per cent of Australian business owners cite finance and admin as the most time-consuming area of their operations. By unifying banking and payments, Revolut aims to give business owners time back—time that the survey reveals they would most prefer to spend with their families.
Revolut Business has seen significant growth in the region recently, reporting a 235 per cent increase in monthly transaction volumes in Australia over the last 12 months. The new acquiring solution is already in use by global brands including the Audi Revolut F1 Team and Booking.com.
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