How much does Revolut Business cost?

Revolut Business: presentation

Here are the main features of Revolut Business:

• Mobile payment. Connecting to Google Pay and Apple Pay allows users to settle their payment via smartphone.

• International payments . You can carry out transactions in dozens of currencies. Transfer costs are among the lowest on the market.

• Automated subscription management . You can easily manage your subscriptions and recurring payments from a single dashboard in the mobile application. A notification system also lets you know when a subscription is increasing.

• API connection . The Business API lets you integrate the Revolut Business application with your usual management tools to create a coherent ecosystem. However, this option is only available with paying packages.

• Customer support. It should be noted, however, that customer service is only accessible via the mobile application. In addition, Free subscription customers must observe a certain waiting time, as they are not given priority in dealing with problems or bugs.

• An application with fluid, ergonomic navigation . You can manage your account and even aspects of your business from your smartphone.

How much does Revolut Business charge freelancers?

Revolut Business offers 3 formulas for freelancers:

• Free. This is the free account dedicated to freelancers. It gives access to basic functionalities. There are no account maintenance fees, but there are thresholds beyond which you must pay a certain commission on each transaction.

• Professional at 7 euros/month . This price plan allows you to make currency exchanges of up to 5,000 euros per month and 20 local transfers free of charge.

• Ultimate at 25 euros/month . The Revolut Ultimate offer includes a free Metal card, 5 free international transfers, 10,000 euros of free currency exchange and 100 free local transfers.

How much does Revolut Business charge businesses?

The British neobank also offers 3 price ranges for businesses:

• Free. Free of charge, this offer provides two Mastercard Busines physical bank cards s for two separate users. However, the addition of a further collaborator is billed at 5 euros/month.

It also issues virtual cards, suitable for online transactions.

On the other hand, operations are limited, as are means of payment and access to management tools.

It is best suited to companies just starting out. The Free offer does not give access to the Business API, and only provides access to a limited number of management tools.

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• Development. Priced at 5 euros/month this offer admits 10 users per month and provides a Metal card . It also provides financial and accounting management tools, such as expense report and payment management tools.

The Development offer entitles you to 10 free international payments per month in euros and 100 operations for other currencies .

The customer who subscribes to the Development offer has a priority access to customer service.

This offer is ideal for SMEs with international activities.

• Growth . Billed at 100 euros/month, this offer entitles you to 2 cartes Metal . It admits up to 30 users per month . It also provides access to financial and accounting management tools, including the ability to integration with various accounting tools (Sellsy, Georges or QuickBooks). The Growth offer also includes access to the Business API to integrate Revolut Business with other company management tools. This facilitates the management of human resources and accounting within your company.

The thresholds for free admission are higher 1,000 free euro payments and 50 free foreign currency payments per month . Growth customers also benefit from the best exchange rates on the market. up to 50,000 euros exchanged . Above this threshold, a surcharge of 0.4% is applied.

Given its high price, the Revolut Croissance offer is suitable for larger companies with international operations and around 30 employees.

• Large Companies with customized pricing and features.

What are the advantages and disadvantages of Revolut Business?

Here is a summary of the advantages and disadvantages of Revolut Business:

Benefits

Here are the main advantages of Revolut Business:

• A fluid, intuitive and ergonomic mobile application. The tool offers a high level of security of data, financial transactions and deposited funds . It also offers interesting features such as :

• Expense management

• Bank card blocking/unblocking function

• Issuing ephemeral cards

• Centralized control

• A free account with no account maintenance fees or commitments ideal for testing the neobank's functionalities.

• Access to Apple Pay and Google Pay. With access to these two contactless payment services, you can pay using your smartphone.

• A multi-currency account . Transactions in foreign currencies are charged at a lower rate.

• An attractive exchange rate at the weekday interbank rate.

Disadvantages

Here are some of the main disadvantages of Revolut Business:

• Relatively free as part of the Revolut Business Free offer. Of course, the Free account is free to use. However, transaction possibilities are very limited with low free thresholds.

In the end, it's an offer that mainly allows you to discover the possibilities offered by the bank. It doesn't really allow you to function optimally.

• Limited means of payment . Revolut does not accept cash or cheques.

• Customer service available only by chat via the mobile app and in English

• Withdrawals from ATMs subject to a fee . The neobank charges 2% on the amount of each withdrawal, in euros or foreign currencies.

• No pro insurance offer .

• Mandatory one-year commitment for paid packages

• No billing tool . However, the neobank plans to integrate this functionality in the future, especially as competitors already offer it.

• The weekend exchange rate surcharge . If you use Revolut Business, it's best to avoid making currency transfers at the weekend. This is because, while the exchange rate is attractive during the week, it is increased by 1% at weekends. What's more, beyond the free threshold, the bank applies an additional surcharge of 0.3%.

• Lack of financing solutions . Revolut Business does not offer overdraft facilities or loans. This is a real weakness, as it forces customers to turn to other players.

This last point distinguishes Revolut Business from Hero, which offers diversified financing solutions for businesses.

Hero, the best alternative to Revolut Business

Founded in 2021, Hero is a payment solution made in France. It offers tailored to the needs of small businesses interacting in the B2B sector The original purpose of the solution was to make factoring accessible to small businesses.

Hero offers an innovative online factoring system that enables companies to pay their suppliers on a deferred basis: Hero actually takes the place of its customers, paying their invoices immediately, while giving them the option of paying on a deferred basis or in 3 or 4 instalments.

What's new at Hero? A 100% free pro account with 3 payment options: credit card, bank transfer and direct debit.

Unlike Revolut, Hero offers a complete banking offer with both a professional payment account and financing solutions .

To sum up, Revolut Business is certainly a neobank with competitive rates and attractive features. However, we deplore the inadequacy of customer support and the lack of payment solutions. On the latter point, Hero is the better alternative, as we offer a free pro account and other services, notably factoring.