Revolut has introduced a new POS Terminal device for larger businesses in the UK and Ireland ahead of the busy Black Friday and festive shopping season. Priced at £129 + VAT during an exclusive pre-sale (down from £169 + VAT), the terminal promises 99.9% platform uptime for uninterrupted sales.
The terminal integrates with Revolut Pay, allowing customers to pay directly from their Revolut accounts without entering card or bank details. Merchants will benefit from reduced fees of 0.5% + £0.02 for Revolut Pay transactions. Customers using the feature can also earn RevPoints for discounts on spending.
The device pairs with Revolut’s Point of Sale software, providing merchants with features like analytics, table mapping, multi-location management, and customer catalogues.
This launch follows Revolut Business’ achievement of $500 million in annualized global revenue. Alex Codina, general manager of merchant acquiring at Revolut, emphasized the fintech’s focus on hospitality and retail industries, as it competes with fintechs like Square, Dojo, and SumUp.