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If you take payments for your business online or in person, you may be interested to learn about the Revolut Business card reader1. You can use the Revolut card reader to allow your customers to tap and pay in person, make chip and PIN transfers, and make card payments online. Your money is deposited into your Revolut Business Merchant account once the payment has been processed.
This Revolut card reader review covers how to get your Revolut Reader, how to set it up, how to take a customer payment - and what it’ll cost you.
Read more about how to open a Revolut Business account |
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The Revolut card reader is designed to help on and offline businesses which need to take customer payments - particularly for card payment processing. You can accept in person and online payments, including tap and pay contactless transactions and chip and PIN. It’s a small box shaped device which connects with your phone to allow customers to pay directly to Revolut Business accounts with a card.
Let’s start with the key features of the Revolut card machine so you can start to decide whether or not it might fit your business needs:
- Revolut Reader devices are available for approved customers with a Revolut Business Merchant account
- There’s a one time fee to get the device, and then you pay per transaction
- You can connect your reader to your phone wirelessly and allow customers to tap and pay
- Contactless and chip and PIN are supported - and payments can be taken both on and offline
- You can use your reader with Revolut POS if you would like to
- Card readers can be set up to ask customers if they want to leave a tip
- You’ll be able to use your card reader to get analytics and data to see how your business is going
- Funds are deposited to your Revolut Business account the next day, even on weekends and holidays
The basic requirements to get and use a Revolut Reader include2:
- You must have a Revolut Merchant account
- You must have a mobile phone or tablet which is iOS 13.0 or later, or Android 6 or later
- You’ll need Bluetooth switched on - and for Android phones, location services, too
- You need the latest version of the Revolut Business app
- You need a stable internet connection
Read more: Wise Business vs Revolut Business comparison |
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You can use your card reader to accept payments for your approved business, which fall under the Revolut acceptable use policy. Payments can be Chip and PIN or contactless, including:
- Visa
- Mastercard
- Maestro
- Apple Pay
- Google Pay
- Samsung Pay
Cards issued on other networks - like American Express or Discover - can not be used with the Revolut Reader.
On to the next key question - does Revolut charge for card payments? There is a charge to pay per transaction, which varies by payment method. The card fee also depends on whether the specific card is from overseas, so if you frequently sell to international customers it’s worth looking carefully at your options here.
Here’s a roundup of the costs:
Service | Revolut fee3 |
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Order your Reader | £49 |
Subscription | No subscription for Reader You need a Revolut Merchant Account, which may have its own monthly fee |
Take payment in person - domestic | 1% + £0.20 for domestic consumer cards, Revolut Pay and Easy Bank Transfer |
Take payment in person - international | 2.8% + £0.20 for international and commercial cards |
Take payment online - domestic | 0.8% + £0.02 for domestic consumer cards |
Take payment online - international | 2.6% + £0.02 for international and commercial cards |
*Data correct at time of research - 14th June 2024
Read more about Revolut Business fees |
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Interested in getting the Revolut card reader? Let’s look in more detail at how to request, set up and start accepting payments with the Revolut Reader4.
As part of setting up your Revolut Reader you’ll activate it. This is done by logging into your Revolut app and following the prompts to pair the device to your phone wirelessly. To make sure you’re pairing the correct device you’ll be asked to enter the last 3 digits shown on the reader, give permission to pair, and then enter a code into your phone and the reader device. This is for security, and makes sure your correct Revolut Account is connected to the reader before any payment is taken.
If you run an on or offline store and need to accept customer card payments, getting a remote device you can use to process secure card payments direct to a business account is a smart move. With no subscription costs to pay, the Revolut Reader can be an attractive option for customers who already use Revolut as their primary business account. Fees for accepting local payments are reasonably cheap, particularly for in person transactions - just bear in mind that using a foreign card comes with a higher fee. Use this guide to decide if the Revolut Reader is right for your business, and to move seamlessly through the process of ordering, getting set up, and getting paid.
Sources used in this article:
Sources last checked 21/06/2024
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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