Revolut Brings Latest Generation Terminal to Disrupt POS Competition Ahead of Busy Retail Season

Revolut, the international financial technology company boasting over 45 million personal users and hundreds of thousands of business clients, has announced the rollout of Revolut Terminal in the UK and Ireland. Pre-orders are now available in the UK and will begin next month in Ireland. This new point-of-sale device, designed for efficiency, enables businesses to process payments in just seconds, catering to the increasing need for fast and dependable payment solutions.

Revolut Business is focused on providing exceptional reliability with its Terminal device, targeting over 99.9% uptime to ensure sales never stop, even during peak times. The device comes equipped with both WiFi and SIM connectivity, along with a long-lasting battery that keeps it operational throughout the day, enabling businesses to process payments whenever necessary.

Revolut Business customers can take advantage of an exclusive pre-sale offer, getting the Terminal for just £129 + VAT instead of the usual £169 + VAT. This means they can have the device ready before the bustling retail season kicks in, especially with Black Friday and Christmas fast approaching. It's crucial for merchants to have a reliable terminal for processing payments without interruptions. Unlike many providers that sometimes face digital outages during the peak demand of Black Friday, Revolut Business reported a 100% uptime for their payment processing technology last year.

The comprehensive solution features Revolut Pay, an innovative payment option that allows users to make payments straight from their Revolut app while earning RevPoints**—loyalty points they accumulate through their purchases on Revolut—all at no extra cost to the retailer. When customers use Revolut Pay, they can use their earned points to get discounts on their purchases. Additionally, transactions made through Revolut Pay provide merchants with reduced transaction fees (0.5% + £0.02).***

Revolut Terminal works smoothly with Revolut Business tools, helping manage cash flow by making funds available within a day. It can be combined with our Point of Sale software, providing businesses with detailed insights, table layout options, centralized management for multiple locations, and easy access to customer lists. This integration simplifies the handling of various service providers and simplifies expense tracking.

The launch comes after news that Revolut Business has reported an annual revenue of over $500 million worldwide. The organization aims to strengthen its focus on business-to-business services and is dedicated to investing in product innovation to better meet the needs of its business clients.

Alex Codina, the General Manager of Merchant Acquiring at Revolut, shared his enthusiasm for the introduction of Revolut Terminal, which serves as a comprehensive and robust point-of-sale solution for our business clients. This release aligns with our ongoing efforts to enhance our B2B services, especially in the hospitality and retail sectors as a payment processor. Having a dependable payment solution can be crucial for securing sales and preventing financial losses. With Black Friday approaching, Revolut Terminal is designed to handle significant customer traffic, and you can take advantage of it at a special discounted price just in time for the busy shopping season.

James Gibson, General Manager of Revolut Business, remarked: “Revolut Business is gaining significant traction, having exceeded $500 million in annualized revenue this summer and welcoming over 20,000 new customers each month. The introduction of Revolut Terminal represents our latest commitment to our business clients, allowing merchants of all sizes to effortlessly accept payments directly into their Revolut Business accounts without the need to manage multiple service providers.”

A customer from Revolut Business, The Mulligan Room, shared their experience: “We began accepting payments just 10 minutes after installing the Revolut Terminal—it was incredibly simple! Now, we enjoy reduced costs thanks to excellent rates, and we have both merchant and business accounts in one place. The Terminal allows for quick payment processing, is built to last, and includes fantastic features like personalized tipping options.”