Accepting voluntary payments from strangers using Revolut?


#1

I have a blog where I accept voluntary payments from readers. Bank transfer, PayPal, Bitcoin etc… Can I just add Revolut as another method there by writing “You can also support me using Revolut, just send any amount of any currency to myaddress@mydomain.cz and add a note saying that it’s for my blog”? Will this work? Is there other, preferred method for random people to voluntarily pay me using Revolut? Thanks.


#3

Good to know that, thanks. Is this addressed somewhere officially, e.g. in the FAQ or Terms of Service?


#4

The T&Cs restrict usage to personal use only, no business activity allowed.


#5

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#6

Question is, how is many defined? Only last month I received payments (to my traditional bank account) from several different sources, all purely private.

@AndreasK, could you elaborate on what is a private and what is a non-private account and how these are distinguished by Revolut? Thanks.


#7

It’s not obvious what’s the reason behind payments. Collecting money from friends for a shared trip or a gift for coworkers is okay. As is the occasional eBay transaction. Or selling stuff at a flee market. But running a blog and asking for contribution or being an eBay power seller, or using it as the main account for full time freelance work might be considered business use.


#8

That does open the door to interpretation though.


#9

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#10

One of Revolut’s issues unfortunately.


#11

Sure. That’s why I put it there. :wink: But because there is room for interpretation, it becomes more likely that an account becomes subject to further investigation.


#12

Yes, I was simply referring to when someone violates the T&Cs. Which is already a blurry line. The security system adds another level to how convenient Revolut could be used for this. It’s all going to change in a couple of months (banking license), so I don’t think it is worth to get a headache because of this right now.


#13

IMHO it would be better to have a strict definition or no such restrictions in the first place.


#14

Lets hope so :slight_smile:


#15

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#16

This might be due to the specific regulatory situation. Money from all customers is held in ring fenced accounts. Customers do not have isolated singular accounts. If there is a regulatory issue, authorities might be able to block the whole system, not just the activity of a singular account? This should change as soon Revolut is a fully regulated bank. For now, I accept Revolut’s explanation that they are following their regulatory protocol to ensure the safety of their infrastructure.


#17

That does sound like a reasonable explanation. If only Revolut could disclose how far their application got.


#18

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#19

I’m sorry to hear that. I understand how frustrating this is.


#20

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