#1 Revolut POS for Magento merchants: Speedy checkout, low costs, and global reach

Revolut is accepted in more than 130 countries, including the U.K., the European Economic Area, and English and French overseas territories.

They detail countries to send and receive money below:

• Supported currencies and countries to send money
• Supported currencies and countries to receive money

Revolut is not a bank in all regions. To give an accurate answer to this question, we need to consider the banking license of Revolut in each area they operate.

• In the U.K., Revolut has been authorized with restrictions as a U.K. bank.
• In the European Economic Area (EEA), Revolut Bank UAB is authorized by the European Central Bank and the Bank of Lithuania and is a bank in 30 EEA countries.
• In the U.S., they don’t hold a banking license.

No, you can’t. Revolut Pro is only available for business purposes.

Yes, you can use Revolut as a payment gateway to accept online card payments or mobile wallets in 25 currencies, with transaction fees starting from 1% + £0.20 for online payments.

No, HMRC (His Majesty’s Revenue and Customs) can’t see the Revolut account by default. However, HMRC can request access to Revolut accounts according to the Finance Act 2008, the Criminal Finances Act 2017, and anti-money laundering regulations.

If your existing POS is not Revolut POS, you can’t use Revolut terminals and card readers, as Revolut hardware only supports their built-in POS software.

No, you can’t. Revolut Payments now only works with their provided terminals and card readers.

Consider some of their downsides below to use their offerings wisely:

For personal uses:

• For standard account users, you have a £1,000 limit on cash withdrawals.
• If you exchange currencies on weekends (between 5 pm Eastern Standard Time (EST) Friday and 6 pm EST Sunday), you’ll need to pay an exchange rate markup of 1% fee, regardless of your plan.

For business uses:

• There’s only in-app support, no phone or online support.
• Revolut lacks features of traditional banks, such as overdrafts, credit facilities, and the ability to allow customers to pay in cash or cheques.
• Their POS software is not the best choice for all businesses, especially those with complex operations requiring a highly customized POS solution.
• Revolut is not a fully licensed bank, so your deposits are not secured by the Financial Services Compensation Scheme (FSCS).
• Your choice of hardware and software is limited to Revolut’s offerings.

Yes, Revolut does offer POS software to accept in-store payments. However, Revolut POS is an iPad POS app and not a full-fledged POS with basic features, such as a customizable menu, multi-store management, and reporting, best for cafes, restaurants, or hospitality. If you want inventory or purchasing functions, you should look for a 3rd-party POS solution.

To use the Revolut built-in POS:

• You need a Revolut Business account and a Revolut Business Merchant account.
• Your business operates in one of the supported countries.
• If you want to use the POS to accept card payments, you’ll need the Revolut Reader.

No, Magestore and the other 3rd-party POS can’t work with Revolut hardware.

Revolut hardware, including Revolut terminals and card readers, is now only compatible with their built-in Revolut POS app.

Right after connecting Magestore POS software with the Revolut payment gateway, you can start using the POS payment integration to accept online payments via QR codes or mobile wallets at your physical stores.

No, Magestore POS doesn’t charge transaction fees. Magestore POS simply sends payment amounts to the Revolut gateway and records the payment status. Thus, the transaction fee depends on Revolut’s site.

No, Magestore doesn’t charge money for additional products, users, and accounts.

As Magestore POS can only link with the Revolut payment gateway, you can accept payments with QR codes and digital wallets with Magestore POS. The payment data is synced and consistent between Magestore POS, Revolut gateway, and the Magento site.