Heads up on revolut 1% +20p processing fee

[Karimbo]

In case you didn't know. Revolut have a card processing feature now charging less than stripe.

I am in the process of joining now, read up and saw they have woocommerce compatibility which works for me.

Quite a bit less than stripe.

Obligatory: I have no interest in revolut what so ever.

 

[Nico Albrecht]

Their terms of services are brutal for a merchant provider.

 

[Karimbo]

Really? Can you explain why it's worse than equivalent payment processors?

I did start off on worldpay, their standing charges and even the rtransactipn charges were too much so I moved over to stripe. Now I'm considering moving to revolut for their fees.

My average trascaction value is £30. Transfer the money and put it on my barclays bank every week.

 

[Nico Albrecht]

They charge 2.8% for UK business cards. Stripe is 1.4% for business credit cards. If you only have consumers buying it may be a bit cheaper but for most B2b transactions it would be quite pricey.

 

[Karimbo]

Oh, yeah that's absolutely fine I can see on my stats that 99% are consumers. I thought you meant that had policy of freezing accounts, suspending accounts etc with the tiniest of infractions.

 

[JPMiddleton]

They will inevitably increase their fees to that of their main competitors once they’ve achieved the market share they are aiming for.

 

[Karimbo]

They charge 2.8% for UK business cards. Stripe is 1.4% for business credit cards. If you only have consumers buying it may be a bit cheaper but for most B2b transactions it would be quite pricey.

I guess you just receive stripe newseltter today?

Commercial UK cards going up to 1.9% with stripe.