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Fintech & Ecommerce

Revolut Expands Business Payment Gateway

The Revolut Business Payment Gateway can now be integrated with BigCommerce.

Revolut Expands Business Payment Gateway

The mentioned information was made public on Revolut’s LinkedIn account on Friday, August 23rd. It is worth noting that last week this company announced that integration will simplify the procedure of processing payment transactions by online companies. Revolut also noted that the integration will offer its customers a a seamless checkout experience

Moreover, a message posted on the mentioned company’s LinkedIn account, underlined that the announced combination will allow merchants to accept various payment methods and have a next-day settlement. Also, in this case, the possibility of accepting payment and settling funds in more than 25 currencies is provided.

Separately, the Revolut message notes that the announced combination will allow customers to get high payment success rates and low transaction fees. It is worth noting that in this case there is no extra refund or fraud monitoring fees.

The integration will also allow users to manage payment transactions and see analytics on the BigCommerce admin dashboard. Moreover, in this case, more than 45 million Revolut customers will be able to pay payments directly from their Revolut balance with a 98.5% authorization rate. Another advantage of integration is the protection of customer business with PCI-DSS compliance and Revolut Business’ fraud monitoring tools. The issue of cybersecurity is currently very relevant.

Last month, Revolut reported that its customer base had increased by 12 million people in 2023. Currently, the total number of consumers of this company’s services is 45 million people.

As we have reported earlier, Revolut Signs Agreements With Investors for Secondary Share Sale.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.