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Vilnius market

Revolut is entering the physical device market

Press release
in 2024 July 24 06:15
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More than 45 million Revolut, a financial app with private and hundreds of thousands of business customers worldwide, is presenting its first physical device to Lithuanian entrepreneurs - a fast, small and powerful card reader that allows merchants to accept payments anywhere. The service, which already operates in several European countries, is being expanded to new markets from today, including Lithuania.

The Revolut Reader accepts instant and secure transactions made using debit, credit or contactless payments. In addition to the usual functions, it also has additional options that allow you to add a product catalog or tips. The device is small in pocket size with long battery life.

The speed of payments will not exceed 5 seconds, which will allow the business to no longer waver between several accounts, settlement systems and manage all funds from one account. With Application Programming Interface (API) API) scanner is easy to match with other billing devices of the company. A special software solution has been created for large merchants who need more sophisticated tools to run their business. The pricing of the scanner is also competitive: the one-time purchase fee for the device is 49 euros, the fee for local card transactions in Lithuania is 0,80% + 0,02 euros.

Revolut Reader is designed for any type of business in any industry. After opening a business account, the customer can link it to Revolut Reader and get free access to the growing set of smart Revolut Business tools (local and international payments, foreign exchange at the interbank rate, payment requests, expense management, subscriptions, company cards, work payroll management).

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