BigCommerce And Revolut Team Up To Upgrade Merchant Payment Systems
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BigCommerce has teamed up with Revolut’s Business Payment Gateway to improve how online shops handle payments. This partnership helps e-commerce businesses accept different payment methods, easily manage transactions, and get their money by the next day, all within the BigCommerce dashboard.
LinkedIn recently announced a new agreement that helps online shops improve how they handle payments. This deal lets merchants give their customers a faster and smoother checkout experience.
Revolut Wants To Provide A Comprehensive And User-Friendly Financial Platform
BigCommerce merchants can now accept more than 25 different currencies thanks to Revolut’s gateway. The platform gives high payment success rates and low transaction fees. It also removes extra charges for refunds or fraud checks.
Moreover, businesses looking to improve their payment processes will find this update cost-effective. BigCommerce merchants can now handle all parts of their payment processing right from their admin dashboard, making every operation simpler.
According to the firm, more than 45 million Revolut users can now pay straight from their Revolut balance, with a strong 98.5% authorization rate. Businesses also benefit from Revolut’s security measures, including strong fraud monitoring tools and PCI-DSS compliance, making transactions safe.
After a time of growth, Revolut linked up with BigCommerce. In 2023, the London fintech gained 12 million new customers, reaching 45 million by June 2024. Its revenue grew fast, from $1.1 billion in 2022 to $2.2 billion in 2023, showing how quickly it expanded.
In July 2024, Revolut got a banking license in the UK from the Prudential Regulation Authority. This license has some limits because it’s part of the usual “Authorization with Restrictions” for new banks in the UK. While finishing its UK banking setup, Revolut will keep running as usual.
Revolut Aims To Make Cryptocurrency Transactions More Accessible For Users
Revolut has recently added Ledger Live, a well-known platform for managing digital assets. This partnership makes buying cryptocurrencies simpler, quicker, and safer. Revolut users can now buy cryptocurrencies directly through the Ledger Live app.
The fintech firm said the new service will make handling digital assets easier and safer. Users can also change their fiat currency into cryptocurrencies within the Ledger Live app, avoiding multiple verifications and extra identity checks.
Revolut Group Holdings Ltd is a global digital bank and fintech company based in London, UK. It was started in 2015 by Vlad Yatsenko and Nikolay Storonsky.
Revolut offers many products like personal loans, interest-bearing savings, Apple Pay, virtual cards, debit and credit cards, currency exchange, banking, and BNPL services. It also provides commodities, cryptocurrency, stock trading, HR services, and more.
