Revolut Business has launched a full-suite merchant acquiring product in Australia, integrating account-to-account, online, and in-person payments directly into its business account.

The company said this is the first offering in the Australian market to combine these functions within a single platform.

The launch follows a survey conducted by Revolut in partnership with YouGov, which found that 83% of Australian business owners consider finance and administrative tasks the most time-consuming part of running a business, with many preferring to spend that time with family instead.

The new acquiring suite allows businesses to manage payments without relying on multiple third-party providers.

It includes 24-hour settlement, including weekends, and supports holding and settling funds in more than 30 currencies. Processing fees start from 0.5% per transaction, with reported uptime of 99.99%.

The product supports both online and in-person payments.

Tools include Tap to Pay on iPhone for smaller businesses, Revolut Terminal for higher-volume merchants, and Revolut Pay, an account-to-account checkout option for online payments.

Businesses can also accept payments via Apple Pay, Google Pay, payment links, invoices, and APIs.

Revolut Business reported a 235% increase in monthly transaction volumes in Australia over the past 12 months.

James Roberts-Thomson, Head of Revolut Business Australia, said:

“This launch marks a step-change in how Australian businesses can manage payments. Our focus is on reducing complexity and giving businesses greater control over their financial operations.”

Revolut Business’ acquiring services and Revolut Pay are currently used by companies including Booking.com and the Audi Revolut F1 Team.

With Australians making around 1.3 billion card payments each month, worth approximately A$90 billion, the company said the launch aims to simplify payment management for businesses operating in Australia.

Featured image credit: Revolut