Are the hefty fees of your business banking getting on your nerves? Are you searching for a simpler and more affordable way to handle your money? If that’s the case, then you should definitely take a look at the Revolut Business debit card. This card works like a prepaid card and can be used to pay in more than 140 different currencies. Revolut, a financial technology company, is the one behind it. They offer all sorts of money-related services to businesses of all sizes. This blog will walk you through everything you need to know about Revolut’s prepaid cards for businesses, from their features and perks to how to get started in a few easy steps. Let’s jump right in!
5 Reasons why you should get Revolut’s Business Debit Card today
![5 Reasons why you should get Revolut’s Business Debit Card today](https://feedhour.com/wp-content/uploads/2023/08/5-Reasons-why-you-should-get-Revoluts-Business-Debit-Card-today-.webp)
No Foreign Exchange Fees
When you use the Revolut Business debit card to buy something in another currency, you don’t get charged extra money for the switch. This can save you a lot, especially if you travel or shop abroad frequently. Imagine you buy something worth €100 in euros. Normally, there’s a fee of about 3% extra, which means you pay €103. But with the Revolut card, you only pay €100—no extra fee!
Real Exchange Rates
Revolut Business uses the real exchange rate when you switch money from one type to another. It’s the same rate that banks use when they trade money with each other. If you went to a bank to change money in person, this is the rate you’d get.
Smart Spending Control
Keep your spending in check by setting limits for each cardholder. You can even set up alerts to notify you when someone reaches their spending limit. It’s a fantastic way to make sure your employees stay on budget. For example, you could set a limit of $1,000 per month for each cardholder to prevent overspending.
Virtual Cards for Safety
Add an extra layer of protection to your business with virtual cards linked to your Revolut Business account. These cards can be used online or in apps, and they help guard against fraud. Since virtual cards don’t store your card number on your device, there’s no risk of it being stolen.
Easy Money Tracking with In-App Analytics
Revolut Business provides you with built-in analytics, so you can see exactly where your money is going. This insight is golden—it can help you figure out which areas of spending are costing you the most. And once you know that, you can make smart choices to save money.
Revolut Business Debit Card vs. Regular Business Banking
![Revolut Business Debit Card vs. Regular Business Banking](https://feedhour.com/wp-content/uploads/2023/08/Revolut-Business-Debit-Card-vs.-Regular-Business-Banking.webp)
Pay Less: The Revolut Business debit card comes with lower fees compared to regular business banks. There are no extra charges for changing currency, and even the ATM fees are less.
More Goodies: It’s packed with extra features like virtual cards, in-app analytics, and spending control—things regular banks don’t usually offer.
Easier Peasy: Use it online or in apps, making your banking experience smoother than dealing with traditional banks.
For Everyone: Whether your business is big or small, this card is for you. There’s no need to worry about having a certain amount of money or a top-notch credit score to get it.
Getting Started with the Revolut Business Debit Card
![Getting Started with the Revolut Business Debit Card](https://feedhour.com/wp-content/uploads/2023/08/Getting-Started-with-the-Revolut-Business-Debit-Card.webp)
Step 1: Set Up Your Account
Start by creating a Revolut Business account. You have the option to do this either on their website or using their app. Think of it like setting up a profile for your business.
Step 2: Apply for the Card
Once your account is ready, apply for the Revolut Business Debit Card. Just provide basic details about your business, such as its name and location. They might also ask for a government ID to make sure things are legit.
Step 3: Wait for the Green Light
After applying, sit tight for a bit. Revolut will review your application. If everything looks good, they’ll give you the thumbs up and let you know.
Step 4: Get Your Card
Congrats, you’re in! Revolut will send your sparkly new Business Debit Card your way. It’ll show up in your mailbox within a few days.
Using Your Revolut Business Debit Card
Making Purchases: Shopping at a Store or Online? Using your card is a breeze. Just swipe or tap it, and your payment is done. Even if you’re shopping in a foreign currency, the card will convert the amount at a fair exchange rate.
Getting Cash: Need some cash? Your Revolut Business Debit Card has got your back. You have the ability to use it for withdrawing cash from ATMs. But beware—some ATMs might charge you extra, so it’s smart to double-check before getting cash.
Conclusion
In a business world where easy financial solutions are a must, the Revolut Business Debit Card shines as a reliable and innovative choice. Its lineup of features, from simplified expense management to the flexibility of handling different currencies, empowers businesses to take charge of their finances like never before. By streamlining processes, enhancing security, and offering cost-effective solutions, this card opens up new possibilities for businesses to flourish on a global scale. For more insights, check out Feedhour.
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