Revolut Business vs Monzo Business

Monzo Business helps freelancers and sole traders get started with business accounting, offering cards for up to 3 team members, Monzo also partners with Wise to send international payments, though you can only hold GBP in your Monzo Business account. Revolut Business offers a more advanced set of features, with multi-currency accounts built in, and international transfers and currency exchange at the interbank rate within your plan limits, on weekdays. You can also add unlimited team members to your Revolut Business account, and issue physical or virtual cards to all of them, which may be more suitable for small businesses with more than 3 employees. Ecommerce or in-person shops selling products or services at scale might also prefer Revolut Business for its payment acceptance features. We encourage you to do your own research to see which solution is the right option for your business. We don't provide financial advice.

Monzo Business works with Stripe to offer card payment features. You can request individual payments in-person and remotely through payment links, invoices, Tap-to-Pay on iPhone, and Tap to Pay on Android, though you'll need to sign up to Stripe as well as Monzo Business to access these features, and Stripe fees will apply. Revolut Business offers a variety of business payment solutions to help you sell directly, without needing another external account. As well as requesting individual payments via invoice or Payment Links, you can use our payment solutions to power your checkout online, and offer Revolut Pay. You can also use Revolut Reader, Revolut POS, and Tap to Pay on iPhone to take payments in person. Our payment tools offer 24hr processing time and competitive pay-per-transaction fees.Check out our rates for payment acceptance.

Monzo Business doesn't offer currency exchange in-app, and with them, you can only store your money in GBP. Monzo Business have partnered with Wise to offer international transfers in different currencies, though you’ll also pay Wise transaction fees. With Revolut Business, you can exchange, send, receive, and keep 25+ currencies directly in your Business account. If currency exchange is important to your business, check out Revolut Business’ currency exchange rates, and review our plans to see which option is best suited to you.See our plans here.

Each user in your Monzo Pro account can have up to 5 active virtual cards with Monzo Pro, 1 for each of the “pots” in your account. With Revolut Business, you can create up to 200 virtual cards per employee, giving you greater flexibility.

See our sources and evidence here: Pricing:

• Monzo Business -Homepage
• Monzo Help - Get Paid Pricing
• Monzo Help - Receive international payments
• Monzo Help - Wise Costs
• Revolut Business Plans
• Revolut Business - Accept payments pricing
• Revolut Business Money Transfers

Manage your team:

• Monzo Business - Multi user access
• Monzo Business - Business account access rights
• Monzo Business - Manage members
• Monzo Business - Viurtual cards limits
• Monzo - Getting a second card
• Monzo Business - Features
• Revolut Business Cards
• Revolut Business Expenses
• Revolut Business Spend controls
• Revolut Business - Ordering new cards
• Revolut Business - Team member management

Manage your money:

• Monzo Business - Tax pots
• Monzo Business - Business Savings
• Monzo Business - Sole trader loans
• Monzo Business - FSCS information
• Revolut Business - Savings
• Revolut Business - Multi-currency accounts
• Revolut Business - Security

Accept payments:

• Monzo Business - Using Stripe
• Monzo Business - Get paid
• Revolut Business - Accept payments
• Revolut Business - Merchant account help
• Revolut Business - How to receive card payments

Link your data:

• Monzo Business - Integrated accounting
• Revolut Business integrations
• Revolut Business API