Digital banking platform Revolution notes in a blog post that Halloween is approaching, however, there is nothing “scary” about the work they did in October 2021.
The Revolut team also mentioned that they have made updates to improve the security of the platform and reduce your hassles on a daily basis.
Personalize your company logo on company invoices
Now Revolut members can give their invoices a “personal touch”. Customers can add their company logo to emails and PDF invoices when contacting customers for payments.
Easy payments for trusted merchants
Revolut management asked you if you’ve ever seen a rejected payment due to failed 3DS checks? They explained that European Union regulatory guidelines require payment card transactions over € 250 to “be secured by 3DS”, so they made payments in the EU much easier.
You can tell the bank which merchants you trust and “avoid card payment failures”. Revolut management also mentioned that you can make sure your trusted merchants “get card payments approved even when a 3DS check is not requested.”
Improved management of billing addresses
The Revolut team added that they knew that when dealing with companies, “there could be a lot of different addresses to juggle.” This is why they have “made it easier to identify the required card details when filling out the forms.”
Improved device management
Revolut members can now see all devices their account is connected to “at a glance on mobile and web”. They will be able to “check the connection sessions and manage your devices, so [they] can stay on top of your account activity and keep it safe, ”the Revolut team noted.
As covered earlier this month, Revolut had commented on how quite expensive and very slow sending money overseas with traditional banks can be. The fees can be very high and transactions can often take at least several business days.
That’s why Revolut and Fintech Unicorn Wise “Game changer”. The Revolut team further noted that with personal accounts, overseas card spending (and other useful features) consumers can save “a ton of time and money.” Fintech companies are also making it “much cheaper and faster to send money abroad.”
However, Revolut asks what is the best way to send money overseas?
Continuing to comment on exchange rates and fees for Revolut and Wise, the digital bank noted that Revolut and Wise “charge excellent exchange rates compared to traditional banks.
Revolut and Wise “base their exchange rates on real-time data from third parties such as Reuters,” the Revolut team explained. They added that Wise uses the mid-market rate, “which is the midpoint between the current buy and sell prices of two currencies.”
The firm Fintech added:
“Revolut uses the real exchange rate. These are the buy and sell rates that they determined based on the forex market data feeds they consume from a range of different independent sources.
The company also mentioned:
“For Revolut, there may also be additional charges for exotic currencies (UAH and THB) and currency exchanges over the weekend. The only times you’ll pay more than that for most international money transfers is if you go over the fair use limit of £ 1,000 per month for a Standard or Plus account. Beyond that, 0.5% fees apply. You can avoid this altogether by switching to a Premium or Metal plan, which does not have fair usage limits for FX.