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Revolut Business Introduces American Express Payment Option for UK Merchants

October 10, 2024
2 Min Reads

Global FinTech company Revolut, which has over 45 million retail clients, is introducing a new payment method to its Revolut Business merchants in the UK.

According to Finextra, merchants may now take American Express cards for eCommerce purchases via Revolut Gateway, Payment Links, and Tap to Pay on iPhone. Later this year, more in-person payment options are anticipated.

 

By joining Revolut Business merchants in reaching high-spending, premium Amex clients, American Express hopes to promote the expansion of its merchant network in the UK while also increasing the potential customer base of its partner merchants.

 

This is a significant development for Revolut Business as it opens up access to hitherto unexplored consumer categories and generates new income.

 

Revolut Business provides seven different payment options for retailers at checkout, enhancing its already extensive tool set with the addition of the American Express payment option.

 

Revolut's goal is to assist merchants optimize their payment processes in order to boost sales, improve customer loyalty, and promote company growth. This tool helps them achieve this goal.

 

The Revolut Business ecosystem offers merchants that use American Express a number of benefits, such as competitive acceptance rates for payments, quick processing, favorable exchange rates, and the capacity to handle worldwide transactions.

 

Revolut further strengthened its offering to UK retailers by announcing future intentions to extend in-person payment options for American Express. This continuous improvement demonstrates Revolut's commitment to offering a versatile, user-focused payment platform.

 

Alex Codina, General Manager of Merchant Acquiring at Revolut Business, stated that customers are appreciating the flexibility to utilize their chosen payment methods more than before. Companies who use Revolut Business to access a variety of payment options may provide their clients with smooth experiences that increase customer loyalty and promote repeat business. Because of this, we are thrilled to provide our merchants with the opportunity to grow and reach new markets by providing them with affordable and safe American Express payment options via our platform.

 

"Revolut Business will enable yet more businesses across the UK to benefit from welcoming loyal and high-spending Amex Cardmembers, offering an improved payment experience to their customers," stated Dan Edelman, General Manager, UK Merchant Services at American Express.

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