Receiving payments in USD


#1

Hello, I’m looking for a Payment Gateway solution for my e-commerce store (powered by Shopify), that is targeting customers from USA. Can Revolut be used to receive payments in USD without any additional fees?
If i read correctly, this wasn’t possible recently, but i’m curious if situation changed with “Revolut landing in USA” to which early access can be seen at www.revolut.com/usa .
Furthermore, if I want to use my account this way, does it matter if I create it trough www.revolut.com/usa tab, or, as an UK based person, trough main site?


#2

A Revolut Business account does not give you a US bank account that is in your company’s name. As a result most merchant accounts will not accept it. As an alternative consider Transferwise which provides a US account (routing number and account number) in your company’s name. Another alternative is a UK based merchant account (such as Stripe) which will accept USD payments and automatically convert them to GBP for payment into a UK bank account.


#3

Hi @Orange

We do not charge for any incoming funds. For now, you can sign up a company registered in EEA or Switzerland only. Early access sign up is only for personal accounts.


#4

So I won’t be charged for any incoming funds, that’s obvious. But what about a person that is making a transfer? Will a customer be able to make a transfer to my European Revolut account without being additionally charged?

For now I operate as a sole proprietorship, so I will be using a personal account anyway.


#5

@Orange It will depend on the bank of the sender.