Revolut Business Launches Revolut Reader, The First Hardware Device
By Joy Dumasia
Today
- Card payments
- card reader
- Contactless payments
revolution, the super app with more than 18 million retail customers worldwide and more than 500,000 enterprise customers, launches Revolut Reader in the UK and Ireland. The new product, a fast and powerful lightweight card reader, is designed to enable merchants of all types to accept payments from anywhere, whether in-person or on the go. The launch marks Revolut’s move to personal payments as the super app continues to diversify its offerings for business customers.
Paying becomes as easy as cash with Revolut Reader, but without the hassle of coins and bills. Revolut Reader accepts instant and secure transactions with debit and credit cards, as well as contactless payment methods. It is suitable for all day trading and has smart features to meet the demands of a growing business. With payment speeds of less than 5 seconds, customers can accept, checkout and store money in one place, their Revolut Business account.
Maria Garcia Marti, Product Owner Acquiringcommented: “When designing new products, our team always keeps customer needs in mind: a fast and easy-to-use solution that doesn’t slow down business, easy access to funds and receive payments faster than the industry standard of 2-3 companies Plus the security and long battery life of a small, pocket-sized device that’s able to streamline operations without the need to manage multiple accounts and systems. This is exactly what Revolut Reader offers our enterprise customers: truly benefit from business growth. ”
Revolut Reader can be adapted to other POS systems within companies, including an SDK/API solution. In the coming months, the Revolut Business offering will be expanded with a POS solution that will give larger merchants more flexibility when they need to integrate Revolut Reader with already deployed POS systems.
The payment terminal is easy to use and set up and allows the customer to accept, settle and store payments within one account. The product comes with competitive pricing as low as 0.8% + £/€0.02 per transaction fee and one-off or adjusted pricing for high volume businesses.
Recently, IBS intelligence reported that Revolut is rolling out its Pay Later product in Europe as it continues to expand its product offering to help people get more out of their money. Revolut Pay Later is the first pay later product in Ireland to use an approved credit line designed to focus on affordability.