Revolut Expands Merchant Payment Solutions by Integrating BigCommerce
Friday,
August 23, 2024 | 19:37 GMT by Jared Kirui
- This integration promises high payment success rates, low transaction fees and next day billing.
- This integration enables more than 45 million Revolut customers to pay directly from their Revolut account.
This integration articulates a collaboration with BigCommerce to enhance payment solutions for online merchants. Offering an improved experience, businesses can now accept various payment methods and efficiently manage transactions within the BigCommerce dashboard. The official announcement details how this collaboration enhances customer checkout efficiency, making it live on August 23, 2024.
The integration allows merchants using BigCommerce to process transactions in over **25 currencies**, ensuring **high success rates** with **competitive transaction fees**—specifically no additional charges for fraud monitoring or refunds.
Furthermore, it’s positioned as a budget-friendly solution aimed at optimizing payment processes through straightforward management integrations offered via the admin dashboard.
More than **45 million satisfied customers from Revolut are provided this seamless service** with near-perfect approval ratings at **98.5%**, all underscored by robust PCI-DSS certification alongside cutting-edge fraud detection mechanisms.
As part of its strategic expansion strategy post growth surge—having added **12 million new users from January to June of last year** achieving record revenues doubling from $1.1 billion to $2.2 billion—the company is entering an exciting chapter.
On July 20th , Revolut obtained its banking license issued by UK’s Prudential Regulation Authority under conditional constraints known as “Authorization with Restrictions,” enabling it operational flexibility while transitioning into robust domestic banking conditions while continuously integrating features like Ledger Live for enhanced cryptocurrency engagement through simpler processing without redundant verification steps.
After onboarding functionalities aimed towards improving digital asset management; delivering convenience translates into greater control without unwarranted hurdles traditionally associated with crypto trading platforms where users often endure protracted identity checks.
Before concluding; it should be noted that each enhancement was crafted keeping pace paralleling company targets toward consolidation across platforms aiming optimally streamline user experiences whilst empowering decision-making capabilities through insightful financial tools designed tailored specific market needs identified accordingly throughout the recent timeline reviewed consistent improvements seen both incrementally structurally productively position-related outcomes representing strengths gleaned during transitional periods noted…
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Jared is a seasoned financial journalist with a keen interest in Forex and CFDs.
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