Up until now merchants using Revolut, the global fintech, have only had access to six different payment methods. However, following a new partnership between Revolut Business and American Express, the financial services company, this number is up to seven as UK merchants can now accept American Express Cards for e-commerce transactions.
Through this partnership, Revolut Business will enable its merchants to gain access to American Express’ higher spending, premium customers. It will also open a new avenue for its merchants to support further growth of American Express’ merchant network in the UK. This partnership represents an added revenue stream as merchants have access to a previously untapped pool of customers.
Online, merchants will be able to offer Revolut Gateway, Payment Links, and Tap to Pay on iPhone payments. More in-person payment solutions are set to be realised later this year.
Dan Edelman, general manager, UK merchant services at American Express
Dan Edelman, general manager, UK merchant services at American Express added: “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.”
With the addition of American Express, Revolut has completed its next step to help merchants maximise payment acceptance tools to speed up sales, boost loyalty, and grow their businesses.
By accepting Amex payments through Revolut Business, merchants have access to all the perks associated with using the Revolut Business account. This includes its payment acceptance rates, quick payments, competitive currency conversions, and international spending within their Revolut Business account.
Alex Codina, general manager – merchant acquiring at Revolut Business
Alex Codina, general manager – merchant acquiring at Revolut Business commented: “Customers are valuing the freedom to use their preferred payment methods more than ever before. Businesses accessing a wide array of payment methods through Revolut Business can create seamless experiences for their customers, fostering loyalty and encouraging repeat business.
“It’s why we are so excited to offer access to cost-effective and secure American Express payments through our platform, helping our merchants expand and capture new audiences.”
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