Revolut Business Invoices Review (UK - 2024)

If you already use Revolut for your company you may be interested in using Revolut Business invoices to get paid conveniently to your Revolut account by customers at home and abroad. This guide looks at the features you can choose from, the process to create a Revolut Business invoice, and the Revolut Business invoice fees you’ll want to consider.

As a bonus we’ll also touch on Wise Business which offers an international account which you can use to receive payments in multiple currencies, with low fees and mid-market exchange rate.

💡 Learn more about Wise Business

Can you create an invoice on Revolut?

Yes. You can create Revolut Business invoices as long as you have a Revolut Business account, including Basic, Grow, Scale and Enterprise plans.

Your Revolut invoicing options can vary a bit depending on whether or not you have a Revolut Merchant account. Merchant accounts are useful for businesses which want to take payments from customers directly by card - rather than through a platform like Amazon or eBay - but they’re not needed by all businesses^¹.

Bear in mind that this guide focuses on Revolut’s invoicing feature which is intended for Revolut Business customers only. Not sure which Revolut account is right for you?

Revolut Business invoices - how does it work?

So how can you use Revolut Business to create an invoice? The good news is that the process is very easy.

The Revolut invoices feature lets you create and send invoices directly from Revolut. You can draw up your invoice in the Revolut app with just your phone, and follow the prompts to make sure you’ve captured all the essential and important information. You can create invoices in English only, but you’ll be able to specify the currency you want to be paid in, choosing from a selection of up to 25 currencies depending on the payment type^².

If you’ve got a Revolut Merchant account you can accept invoice payments by card, Apple Pay, Google Pay, Revolut Pay, and bank transfer. If you don’t have a Merchant account you can receive payments by bank transfer only, and in a reduced selection of currencies.

Here’s a quick step-by-step guide to creating an invoice with Revolut Business^³:

1. Log into Revolut Business and select Invoices on the main menu
2. Click New Invoice and select the client that you want to send the invoice to
3. Complete the invoice details
4. Review your invoice and click Send

Features overview

Here are a few of the handy features you can access with Revolut invoices^⁴:

• Create your invoice with just your phone or laptop
• Set automatic reminders to make sure you get paid on time
• Choose from different payment methods including card or bank transfer
• Customise what's printed on the invoice, including adding a logo
• Send invoices right from the app, with an email message to your customer
• Enter any additional details needed onto the invoice, with flexible customisation settings

Revolut Business invoices payment methods

With an active Merchant account you can choose to be paid via bank transfer or by RevPay in the following currencies^⁵:

• AED - United Arab Emirates dirham
• AUD - Australian dollar
• BGN - Bulgarian lev
• CAD - Canadian dollar
• CHF - Swiss franc
• CZK - Czech koruna
• DKK - Danish krone
• EUR - Euro
• GBP - British pound
• HKD - Hong Kong dollar
• HUF - Hungarian forint
• ILS - Israeli shekel
• JPY - Japanese yen
• MXN - Mexican peso
• NOK - Norwegian krone
• NZD - New Zealand dollar
• PLN - Polish zloty
• QAR - Qatari riyal
• RON - Romanian leu
• RUB - Russian ruble
• SAR - Saudi riyal
• SEK - Swedish krona
• SGD - Singapore dollar
• THB - Thai baht
• TRY - Turkish lira
• USD - United States dollar
• ZAR - South African rand

You can also accept a card payment in the following currencies:

• AUD - Australian dollar
• CAD - Canadian dollar
• CHF - Swiss franc
• CZK - Czech koruna
• DKK - Danish krone
• EUR - Euro
• GBP - British pound
• HKD - Hong Kong dollar
• HUF - Hungarian forint
• ILS - Israeli shekel
• JPY - Japanese yen
• MXN - Mexican peso
• NOK - Norwegian krone
• NZD - New Zealand dollar
• PLN - Polish zloty
• RON - Romanian leu
• SEK - Swedish krona
• SGD - Singapore dollar
• THB - Thai baht
• TRY - Turkish lira
• USD - United States dollar
• ZAR - South African rand

If you don’t have a Merchant account you can only be paid via bank transfers in a more limited selection of currencies:

• EUR - Euro
• GBP - British pound
• USD - United States dollar
• CAD - Canadian dollar
• CHF - Swiss franc
• JPY - Japanese yen
• AUD - Australian dollar
• HKD - Hong Kong dollar
• SEK - Swedish krona
• DKK - Danish krone
• NOK - Norwegian krone
• NZD - New Zealand dollar
• PLN - Polish zloty
• ZAR - South African rand

Revolut Business invoice fees

There is no additional fee to use the invoice tool for Revolut Business. However, depending on the plan you pick you may pay a monthly fee^⁶. You may also find there’s a fee for receiving payments to your account, which can depend on the payment method selected by the customer.

We’ve rounded up these fees below - as you’ll see, the incoming payment charges are the same across the Basic, Grow and Scale accounts, but the Enterprise plan can also offer custom packages which may be of interest to larger companies.

FAQs - Revolut business invoices

Can you put any invoice number?

Using invoice numbers on all your invoices is important for tracking and reconciliation. You’ll need to use sequential invoice numbers to keep track of issued invoices and relate them back to the payments you receive.

With Revolut, the invoice number is automatically populated when you create an invoice. The number can’t be changed, so numbers will be issued in sequence even if you delete an invoice and decide not to send it.

Can you put bank details on an invoice?

It’s important to include how you would like to be paid - and the payment terms of your invoice - when you issue it. You’ll be able to choose how you want to get paid, depending on your Revolut account type and preference. You won’t need to manually add in your details once you’ve selected the payment method, as Revolut Business does it automatically as part of setting up the invoice.

How to download invoices from Revolut business?

You can download any invoice in PDF format, by simply logging into Revolut and going to the invoices tab^¹⁰. Just follow the prompts here to create your copy and save it to your records.

How do I send a business invoice?

Here’s how to send invoices to customers with Revolut Business:

1. Log into Revolut Business and select Invoices on the main menu
2. Click New Invoice and select the client that you want to send the invoice to
3. Complete the invoice details
4. Review your invoice and click Send

Wise Business: alternative to Revolut

If you want a convenient, flexible and low cost way to manage your business finances, check out Wise Business.

Wise Business offers easy ways to get paid with local account details in 8+ currencies. Plus, when you need to send money to contractors and suppliers overseas you’ll get online and in-app ways to send money to bank accounts in 140+ countries with the mid-market exchange rate and low costs from 0.33%.

Here are some of the Wise Business features you can access:

• One time £45 account opening charge with no monthly fees
• Hold and exchange 40+ currencies using the mid-market rate with no markup
• Issue business debit and expense cards for you and your team
• Send money quickly or instantly to bank accounts in 140+ countries
• Generate invoices and payment links to receive money easily from customers
• Batch payments, accounting integrations, and a powerful API

Get started with Wise Business 🚀

See how Wise Business can help you connect more easily with suppliers, customers, contractors and team members around the world.

No matter where in the world your customers are, you need simple and low cost ways to get paid. Compare your options to receive Revolut payments, against alternatives like Wise Business to see which is best for your growing business.

Sources used in this article:

Sources last checked June 17, 2024