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Revolut Unveils New POS Terminal for Large Enterprises Just in Time for Black Friday

October 15, 2024
2 Min Reads

A new point-of-sale (POS) terminal device has been introduced by Revolut, a worldwide FinTech startup recognized for its flexible digital banking services, with an eye on larger enterprises in the UK and Ireland.

According to Finextra, the rollout is intended to assist these companies as they get ready for Black Friday and the hectic holiday shopping season.

 

Revolut is launching this while in an effort to strengthen its business-to-business (B2B) offerings. Revolut is committed to growing its B2B service and leveraging the busy shopping period, and the new terminal reflects this commitment with a focus on accelerating development within the hotel and retail industries.

 

The company was established in 2015 and offers a variety of financial services, such as business banking solutions, stock trading, currency exchange, and personal banking.

 

The firm has gained widespread recognition for its inventive approach to digital payments and its intuitive mobile banking application, which has drawn millions of customers worldwide.

 

Revolut Pay, the company's one-click payment option, is integrated with the new POS terminal, allowing customers to make payments straight from their Revolut account without entering their bank or credit card information.

 

Earning RevPoints, which can be exchanged for discounts, is another advantage for customers. Revolut Pay is an affordable payment option for merchants, with transaction costs for transactions capped at 0.5% + £0.02.

 

The POS terminal may be connected to Revolut's Point of Sale software, which offers sophisticated capabilities like analytics, table mapping, multi-location administration, and customer cataloging, in addition to the Revolut Pay integration. The goal of this all-in-one solution is to improve customer management and streamline corporate processes.

 

Revolut is now selling the terminal exclusively for £129 + VAT, which is £169 + VAT less than what it originally cost. Additionally, the organization guarantees 99.9% platform uptime for its commercial clients' ongoing sales.

 

Alex Codina, general manager of merchant acquisition at Revolut, stated, "We're thrilled to be providing our business customers with Revolut Terminal as an all-in-one, robust POS solution. With this launch, we are stepping up our investments in our business-to-business (B2B) offering and focusing especially on the hotel and retail sectors as an acquirer.

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