Revolut, the global fintech with over 45 million retail customers and hundreds of thousands of business customers globally, is now giving Revolut Business merchants in the UK the option to accept American Express Cards as a payment method for ecommerce, including through Revolut Gateway, Payment Links, and Tap to Pay on iPhone payments – with more in-person payment solutions to come later this year.
Through this partnership, Revolut will enable its merchants to gain access to American Express’ higher spending, premium customers, and support further growth of American Express’ merchant network in the UK. It marks a significant milestone for Revolut Business and represents an added revenue stream as merchants have access to a previously untapped pool of customers.
With the addition of American Express, Revolut Business now offers seven payment methods for merchants at their checkout. This is the next step in Revolut Business’ mission 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, including great 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, 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.”
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.”