Looking at Revolut Business for your Australian business? This review covers Revolut’s features, fees and multi-currency capabilities, and card support
Key takeaways
- Revolut Business offers multi-currency accounts, physical and virtual business cards, and integrations with accounting software
- Business plans in Australia start from AU$15 per month, with fees and features that vary by plan tier
- Revolut has four pricing plans for business users. International transfers, currency conversion allowances and card issuance limits differ across all the plans
- WorldFirst is an international payments provider that offers business multi-currency accounts, multi-currency cards, forward contracts, and ability to send and receive 100+ currencies–all at no monthly fees
Revolut is a global payment provider that offers business and personal multi-currency accounts, along with payment cards. It also allows businesses to accept payments through online invoices, payment links, and Point of Sale terminals.
This review covers what Revolut Business offers Australian businesses, how its plan-based pricing works, and how it compares to WorldFirst for international payments.
What is Revolut Business?
Revolut is a global payment provider launched in 2015. It began operations in Australia in 2019 and expanded to New Zealand in 2023.1 It offers business accounts across multiple plan tiers, with features that scale by plan.2 Business accounts allow you to send, receive, and hold funds in multiple currencies
Quick look: Pros and considerations
| Pros |
Cons |
- Multi-currency account supporting 25-30 currencies, depending on the plan²
- Physical and virtual business cards with spending controls⁴
- Integration with Xero and other accounting tools²
- Bulk payments supported on higher-tier plans⁵
|
- Business plans start at AU$15 per month; features and allowances vary by plan tier³
- International transfers are charged per transaction on the Basic plan³
- Currency conversion outside the plan’s monthly allowance attracts a percentage fee, with a higher rate during non-market hours³
|
Revolut Business fees: The breakdown
Revolut’s Business pricing is plan-based, with fees and included allowances that vary by tier.
| Fee type |
Revolut Business (Basic plan)³ |
| Monthly fee |
AU$15 |
| Opening a multi-currency account |
Zero |
| Receiving funds |
Zero |
| Holding funds in multiple currencies |
Zero (25-30 currencies supported)² |
| Sending payments to other Revolut accounts |
Zero |
| Sending payments to other accounts |
1000 no-fee local transfers included per month;
AU$10 every international transfer |
| Currency conversion |
Included interbank-rate allowance of AU$2,000 per month; 0.6% fee beyond the allowance; 1% during non-market hours |
| Business cards |
Up to 3 physical cards and 200 virtual cards⁴ |
Fees checked in June 2026. Fees vary by plan tier
How does Revolut Business work?
Revolut Business operates as a digital multi-currency account accessible through the Revolut web dashboard and mobile app.² Users can send, receive, and exchange funds through the account.
Users can receive funds in their local currency accounts and use the collected funds to make further payments, avoiding a conversion. If the currency balance is insufficient, Revolut converts from another currency in the account at the rate applicable to the business’s plan.³
Currency conversion within the plan’s included monthly allowance is offered at the interbank rate.³ Once the allowance is used, a percentage fee applies, with a higher rate during weekends and outside standard market hours.³ Businesses can issue physical and virtual cards to team members, apply spending limits per card, and integrate transaction data with accounting platforms such as Xero.²
Features of Revolut Business
Multi-currency account
Revolut Business supports holding 25-30 currencies, depending on the plan.² Businesses receive local and international account details for AUD and other major currencies including GBP, EUR, USD, which can be used to receive payments.² Each plan includes a monthly currency conversion allowance, with fees applied beyond that allowance.³
Business cards
Revolut issues both physical and virtual business cards.⁴ Cards support payments in 150+ currencies where accepted, and businesses can set spending limits, freeze cards and monitor transactions from the dashboard.⁴ The Basic plan includes up to three physical cards and up to 200 virtual cards per member.⁴
Bulk payments
Bulk payments are supported on higher-tier plans, allowing businesses to upload payment files in CSV, XML or BACS format with up to 1,000 entries.⁵ This feature is not included in the Basic plan.³
Accounting integrations
Revolut Business integrates with accounting tools including Xero, allowing businesses to sync transactions, automate expense categorisation and reconcile payments.²
Marketplace collections
Businesses can use Revolut’s local and international account details to receive payments from marketplaces and payment processors that support direct bank transfers.² Revolut does not publish a specific list of supported marketplace partners.
It also offers a range of tools for accepting customer payments, including invoices, payment links, online checkout, in-person card acceptance and Point of Sale.6 Businesses can send invoices, share payment links with customers, and accept payments through an online store or in-person via a card reader or Point of Sale terminal.6 Revolut Pay is also available as a checkout option for merchants accepting online payments.6
How to open a Revolut Business account
Opening a Revolut Business account in Australia involves the following steps:
- Choose a plan: Select a plan tier based on transaction volume and required features
- Provide business details: Submit information about the business entity, including ABN and structure
- Complete identity verification: Verify identity for authorised representatives and beneficial owners
- Set up account access: Receive local and international account details, invite team members and configure card issuance
Approval times vary depending on the completeness of the application and verification requirements.³
WorldFirst is built for global businesses
WorldFirst is an international payments provider that helps Australian businesses manage cross-border payments. The World Account is a multi-currency account that lets businesses hold, send, receive and convert funds across major currencies from a single dashboard, with no monthly fee at all.
Businesses can open local currency accounts in 20+ currencies including AUD, USD, GBP, EUR, NZD, SGD, JPY, HKD, CAD and CNH, send payments in 100+ currencies across 200+ countries and regions, and collect payments from 130+ marketplaces and payment gateways.
Multi-currency card
The World Card is a Mastercard-powered business payment card linked to the World Account. It can be used to pay in 150+ currencies wherever Mastercard is accepted. Businesses can issue up to 20 cards at no additional cost, apply spending controls per card, and pay zero foreign exchange fees when spending in one of 15 supported currencies with a sufficient balance. Cashback is available on eligible card spending (Terms and Conditions Apply).
Marketplace and payment gateway integration
The World Account supports collections from 130+ marketplaces and payment gateways, including Amazon, AliExpress and Stripe. Businesses can add local currency account details directly to marketplace payout settings and receive marketplace funds in the original currency.
Account-to-account transfers
Transfers between World Accounts are free and instant, which supports businesses that pay contractors, or partners who also hold a World Account.
Payments to China
The World Account includes a CNH local currency account for holding and converting offshore Chinese yuan. World Pay is the authorised international payment provider for 1688.com, allowing businesses to pay 1688 suppliers in CNH directly from the World Account without a Chinese bank account.
FX and forwards
WorldFirst offers spot conversions between supported currencies at competitive rates. Forward contracts and firm orders are also available for Australian businesses that want to lock in an exchange rate for a future payment (subject to eligibility).
Head-to-head fee comparison
| Fee type |
Revolut Business Basic plan³ |
WorldFirst |
| Monthly fee |
AU$15 |
Zero |
| Opening a multi-currency account |
Zero |
Zero |
| Receiving funds |
Zero |
Zero |
| Holding funds in multiple currencies |
Zero (25-30 currencies supported)² |
Zero (20+ currencies) |
| Sending payments to other network users |
Zero |
Zero and instant (to other World Accounts) |
| Sending payments to other accounts |
1000 no-fee local transfers included per month;
AU$10 every international transfer |
- Domestic in AUD or NZD: Zero
- Cross-border or other currencies: from 0.4%, capped at AU$15
|
| Currency conversion |
Included interbank-rate allowance of AU$2,000 per month; 0.6% fee beyond the allowance; 1% during non-market hours |
- Major currencies: up to 0.6%
- Minor currencies: from 0.67%.
- 1688 payments: up to 0.8%
|
| Business cards |
Up to 3 physical cards and 200 virtual cards⁴ |
Up to 20 business payment cards at zero cost |
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
Sources
- https://www.revolut.com/en-AU/about/
- https://www.revolut.com/en-AU/business/
- https://www.revolut.com/en-AU/business/business-account-plans/
- https://www.revolut.com/en-AU/business/cards/
- https://help.revolut.com/business/help/receiving-payments/sending-money-to-an-external-bank-account/what-are-bulk-payments/
- https://www.revolut.com/en-AU/business/invoices/
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
