Revolut Business is the best option for Amazon FBA Sellers. When reselling online, you need fast access to a bank account, and their options include lots of virtual cards which will help you scale fast. Let’s get into this Revolut Business review and explain everything about it.
Managing finances for an Amazon FBA business requires a reliable and efficient banking solution. Revolut Business has emerged as a popular option for e-commerce entrepreneurs looking to streamline their financial operations. With its competitive fees, multi-currency capabilities, and digital-first approach, it offers several features tailored to online sellers.
Revolut Business provides FBA sellers with valuable tools like instant currency conversion at interbank rates, virtual cards for business expenses, and seamless integration with accounting software. These features can help Amazon sellers manage cash flow more effectively while reducing administrative burdens.
The platform’s mobile app allows FBA business owners to monitor transactions, approve team payments, and receive real-time notifications regardless of location. This level of control and visibility makes Revolut an attractive option for Amazon sellers who need to manage international payments and multiple marketplace currencies.
Overview of Revolut Business
Revolut Business is a digital financial service designed for companies of all sizes. It operates as an e-money institution and offers multi-currency accounts to help businesses manage their finances.
Founded in 2015, Revolut has grown rapidly and now serves millions of customers worldwide. The business account provides a modern alternative to traditional banking services.
The platform offers competitive exchange rates, which is particularly valuable for Amazon FBA sellers who operate across borders. Users can hold and exchange money in over 28 currencies without facing steep fees.
Revolut Business accounts come with a user-friendly mobile app that allows account holders to manage their finances on the go. The app provides real-time notifications and detailed spending analytics.
Key Features of Revolut Business:
- Multi-currency accounts
- Physical and virtual payment cards
- Integration with accounting software
- Payment acceptance tools
- Team member access controls
While Revolut is working towards obtaining a full UK banking licence, it currently operates as an e-money institution. This means funds are safeguarded but not covered by the Financial Services Compensation Scheme.
The account setup process is straightforward and can be completed entirely online. Most businesses can start using their accounts within days of applying.
For FBA sellers, Revolut Business offers valuable tools to manage marketplace payments and currency conversions efficiently.
Account Types and Tiers
Revolut offers various business account options tailored to different company sizes and needs. Each tier provides specific features and benefits designed to support businesses at different stages of growth.
Free Account Features
The Free account serves as Revolut’s entry-level business option with no monthly fees. It includes:
- 5 free local payments per month
- Free internal transfers between Revolut accounts
- Multi-currency accounts in 28+ currencies
- Virtual cards for online purchases
- Basic expense management tools
Free accounts have a £5,000 monthly limit for foreign exchange transactions at the interbank rate. Beyond this threshold, a 0.4% fee applies.
Business owners can access customer support Monday through Friday via in-app chat. The free tier works well for very small businesses or sole traders just starting out who have limited international transaction needs.
Grow Account for Small Businesses
The Grow account costs £25 per month and caters to small businesses with increasing transaction volumes.
Key benefits include:
- 100 free local transfers monthly
- 10 free international payments per month
- No foreign exchange fees up to £10,000 monthly
- Bulk payment capabilities (up to 1,000 payments)
- Priority in-app support
Grow accounts provide additional features like 3 metal cards, expense categorisation tools, and integration with popular accounting software like Xero and QuickBooks.
This tier suits small businesses with moderate international transaction needs or those working with overseas Amazon FBA marketplaces where currency conversion happens regularly.
Scale Account for Expanding Businesses
The Scale account (£100 monthly) supports businesses experiencing significant growth with more robust features:
- Unlimited local transfers
- 30 free international payments monthly
- £50,000 fee-free FX allowance
- 30 metal cards for team members
- Dedicated account manager
Scale accounts include advanced reporting tools and API access for custom integrations. Businesses can set custom spending controls on team cards and enjoy 24/7 priority support.
This tier works especially well for established FBA sellers operating across multiple international Amazon marketplaces who need to manage numerous transactions in different currencies.
Enterprise Account for Large Corporations
The Enterprise tier offers customised solutions for large businesses with complex needs. Pricing is bespoke based on specific requirements.
Enterprise features include:
- Unlimited local and international payments
- Unlimited FX at the interbank rate
- Custom integration support
- Dedicated account team
- Enhanced security protocols
Enterprise accounts provide comprehensive expense management systems, multi-user access with granular permissions, and tailored reporting. Large corporations benefit from custom workflow approval processes and advanced fraud protection measures.
For major FBA sellers with high-volume international operations, the Enterprise solution offers the scalability and support necessary to manage complex financial operations efficiently.
Banking Features and Financial Services
Revolut Business accounts offer a comprehensive suite of banking tools designed specifically for FBA sellers. The platform integrates currency management, payment solutions and international banking features to streamline financial operations.
Currency Exchange and International Transfers
Revolut Business provides competitive exchange rates for FBA sellers operating across multiple Amazon marketplaces. Users can convert currencies at interbank rates with a small 0.4% fee for exchanges beyond their plan limits.
International transfers are processed quickly, often on the same day. The platform supports transfers to over 160 countries, making it ideal for paying international suppliers and receiving funds from different Amazon marketplaces.
FBA sellers can schedule recurring international payments to suppliers, ensuring consistent inventory replenishment without manual intervention. This automation reduces the administrative burden of managing cross-border transactions.
The fee structure for international transfers is transparent, with no hidden charges. Standard transfers typically cost £3, while urgent transfers may incur higher fees depending on the destination.
Bulk Payments and Expense Management
Revolut’s bulk payment feature allows FBA sellers to pay multiple suppliers simultaneously. Users can upload a CSV file containing payment details and process up to 1,000 payments in a single action.
The expense management system includes:
- Digital receipt capture and storage
- Automated expense categorisation
- Real-time spending notifications
- Customisable spending limits for team members
Team members can be issued virtual or physical cards with preset spending limits, perfect for delegating procurement responsibilities. Each transaction is logged in real-time, providing complete visibility over business expenses.
The platform integrates with popular accounting software like Xero and QuickBooks, enabling automatic reconciliation of transactions and reducing manual bookkeeping.
Multiple Currencies and Local Accounts
Revolut Business provides local account details in major currencies including GBP, EUR, USD, PLN and AUD. This feature is invaluable for FBA sellers listing products on multiple Amazon marketplaces.
Each currency account functions like a domestic bank account in that region. For example, USD accounts come with ACH and Wire details, while EUR accounts include SEPA information. This eliminates the need for separate banking relationships in each market.
FBA sellers can hold balances in 28+ currencies simultaneously without forced conversion. This flexibility allows sellers to receive marketplace payouts in local currencies and pay suppliers without unnecessary exchange fees.
The multi-currency functionality helps protect profit margins from exchange rate fluctuations. Sellers can strategically convert currencies when rates are favourable rather than being forced to exchange at potentially disadvantageous times.
Usability for Specific User Groups
Revolut Business offers tailored features for different business structures. The platform adapts to various user needs with specific tools and pricing options based on company size and transaction requirements.
Freelancers and Sole Traders
Freelancers and sole traders benefit from Revolut Business’s simplified approach. The platform offers a free starter plan with no monthly fees and includes 5 free local payments per month.
Key benefits include:
- Low-cost currency exchange at interbank rates for international clients
- Digital expense tracking that simplifies tax preparation
- Virtual cards for separating business and personal expenses
The mobile app interface is particularly useful for on-the-go freelancers. It provides instant notifications for incoming payments and expense categorisation.
Sole traders appreciate the straightforward onboarding process, requiring fewer documents than traditional banks. Most freelancers can start using their account within 48 hours of approval.
Limited Companies and Partnerships
Limited companies and partnerships receive expanded features to support more complex operations. Multi-user access allows partners and directors to manage finances collaboratively.
The platform includes:
- Role-based permissions for financial team members
- Bulk payment options for processing multiple transactions
- API integration with accounting software like Xero and QuickBooks
The pricing structure scales based on business needs, with plans starting at £7 per month for limited companies. This includes higher transaction allowances and reduced fees for international transfers.
Partnerships benefit from dedicated account management on higher-tier plans. The dashboard provides clear visibility into company spending across multiple team members and departments.
Security and Customer Support
Revolut Business accounts offer robust protection for Amazon FBA sellers whilst providing responsive assistance when needed. The platform combines advanced security protocols with multi-channel support options designed for e-commerce businesses.
Security Features
Revolut Business provides bank-level security for FBA sellers through multiple protective measures. All accounts benefit from biometric authentication, requiring fingerprint or facial recognition for access. The platform includes real-time fraud monitoring that flags suspicious transactions immediately.
Users can control account security with customisable spending limits and the ability to freeze cards instantly through the app. The company operates with a European banking licence, ensuring deposits up to €100,000 are protected under the EU deposit guarantee scheme.
Two-factor authentication (2FA) adds an extra security layer for all account activities. For FBA sellers handling international payments, Revolut’s encrypted payment systems help safeguard transactions across borders and currencies.
Customer Service and 24/7 Support
Revolut Business offers multi-channel support tailored to the needs of Amazon sellers. The 24/7 in-app chat support allows FBA merchants to resolve urgent issues at any time, particularly helpful when managing international sales across time zones.
Premium and Metal business account holders receive priority customer service with faster response times. For complex queries, users can access specialised business support teams with knowledge of e-commerce operations.
The platform provides a comprehensive knowledge base covering common FBA-related banking questions. Response times typically range from a few minutes for chat support to 1-2 business days for more complex issues.
Phone support is available for higher-tier business accounts, offering direct access to support agents. Many users report satisfaction with the chat function’s efficiency for solving day-to-day banking matters.
Additional Benefits and Services
Revolut Business accounts offer Amazon FBA sellers more than just basic banking features. The platform includes several attractive perks that can generate savings and provide additional protection for your business operations.
Rewards and Cashback
Revolut Business offers a competitive cashback programme for eligible account holders. Business customers can earn up to 1% cashback on qualifying purchases made with their Revolut Business cards. This benefit is particularly valuable for FBA sellers who regularly purchase inventory and business supplies.
The cashback structure typically works on a tiered system, with higher tier accounts receiving better rates. For example:
- Standard accounts: 0.4% cashback
- Professional accounts: 0.6% cashback
- Ultimate accounts: 1.0% cashback
Virtual cards also earn cashback, making them ideal for online Amazon seller-related purchases. Revolut occasionally runs promotional periods with enhanced cashback rates on specific merchant categories relevant to e-commerce businesses.
Insurance and Other Perks
Revolut Business accounts include several insurance benefits and additional perks that provide extra value. Premium and Metal cardholders receive comprehensive business travel insurance, covering medical expenses, cancelled flights, and delayed baggage.
Metal cards offer an exclusive touch with their premium design and durability—perfect for making an impression with business partners. They include higher ATM withdrawal limits and priority customer support.
Other valuable perks include:
- Purchase protection on eligible items
- Virtual card options for secure online transactions
- Cyber insurance on higher-tier accounts
- Merchant offers and discounts with selected business service providers
These insurance benefits and perks can save FBA sellers money and provide peace of mind when travelling for business or making significant purchases for their Amazon inventory.
Comparing Revolut Business to Competitors
Revolut Business offers several advantages compared to other financial services, but it’s important to understand how it stacks up against alternatives. The differences in fees, exchange rates and account features can significantly impact your FBA business operations.
Fees and Exchange Rates
Revolut Business generally offers competitive pricing compared to traditional banks and some fintech competitors. Their exchange rates are typically close to the interbank rate, which can save FBA sellers substantial amounts when handling international payments.
The standard Revolut Business plan starts at £0 per month with 5 free local payments, while higher-tier plans offer more free transactions but come with monthly fees. For comparison, Wise Business charges per transaction rather than a monthly subscription.
Exchange rate markups are minimal with Revolut (0-0.4% on weekends), whereas traditional banks often charge 3-5% above the mid-market rate. This difference can translate to significant savings when processing Amazon payments from international marketplaces.
Account Features and Support
Revolut Business provides multi-currency accounts, virtual cards, and expense management tools that benefit FBA sellers operating across different Amazon marketplaces. Their platform allows for seamless currency conversions and integrates with accounting software like Xero.
Customer support varies by plan level. Basic users receive standard support, whilst Premium and Metal plan subscribers get priority support with faster response times. This contrasts with Wise Business, which offers standardised support for all customers.
Revolut’s business plans include additional perks like discounted advertising credits and premium subscriptions to business tools. Higher-tier plans offer dedicated account managers, which can be valuable for complex FBA operations requiring customised support.
The mobile app functionality is robust, allowing for quick transfers, real-time notifications, and easy account management on the go—essential for busy Amazon sellers managing inventory across multiple regions.
