Revolut Business x Affiliate Promotion

What is this Promotion about?

Revolut is offering businesses (companies) in Portugal (“EligibleMarket”) the opportunity to sign up to Revolut Business for the first time and receive a plan fee exemption of one of our Revolut Business plans (the “Plan fee exemption”).

The Promotion will be marketed in the following ways:

• directly by the Affiliate via email, an online newsletter, SMS or push notifications if you have provided your personal data to the Affiliate and have consented to receiving marketing of this kind from them; and/or
• through integration in the Affiliate’s customer sign-up flow, the Affiliate’s website, social media, or physical marketing materials (in written form or embedded via a QR code)

We refer to the above as the “Affiliate Promotional Content”.

For the purpose of these Promotion Terms, “Affiliate” means a company that provides advertising, financial, accounting and funding services, and would commonly include comparison websites, company formations, accounting firms, influencers, ad networks, legal firms and founders groups.

This initiative runs for an indefinite period of time, but Revolut has the right to terminate it at any time. Termination of this initiative will not affect your rights, if you have already participated in the Promotion. The Companies might have specific periods of time to complete the Required steps and it will be clearly set out in the Affiliate Promotional Content or on the Revolut website page linked to in the Affiliate Promotional Content (called the “Revolut landing page”).

This Plan fee exemption runs for one month. After the plan fee exemption ends, normal fees and cancellation rules apply.

These terms (the “PromotionTerms”) set out the rules that apply to this Promotion. When participating in this Promotion, you must comply with these Promotion Terms, as well as:

• the terms and conditions that apply to your Revolut Business account; and
• the terms and conditions relevant to your offered plan with the fee exemption, where applicable.

What do I need to do to take part in the Promotion?

To be considered an “EligibleParticipant” for this Promotion, your business must meet the following “Eligibility Criteria”:

• be new to Revolut Business - if your business already has a Revolut Business account or had a Revolut Business account previously, you won’t be eligible for this Promotion. ;
• have a registered address in an Eligible Market; and
• have received or have access to a unique link for the Promotion from the Affiliate - this will be included in the Affiliate Promotional Content.

You will also need to complete the following “RequiredSteps” before the end of the Promotion Period:

• click on the unique Revolut Business x Affiliate link mentioned above - this link will redirect you to the Revolut landing page where you can begin the sign up flow;
• follow the steps for opening a Revolut Business account;
• complete our Know Your Business (“KYB”) checks before the end of the Promotion Period and be successfully onboarded to Revolut Business with no restrictions on your account (this means your business must pass KYB with a registered address in the Eligible country); and
• complete your first transaction, which must not be reversed or refunded, using your Revolut Business account.

Your first transaction must be made using a physical or virtual Revolut card linked to your Revolut Business account.

You must complete the above steps by the end of the running period indicated in the Landing Page in order to receive the Plan fee exemption.

How do I start my Plan fee exemption?

The Promotion is available for our Business Basic, Business Grow, Business Scale and Business Enterprise plans.

To start your Plan fee exemption, you will need to click on the unique link provided in the Affiliate Promotional Content. Once you click on the link, you will be taken to the Promotion dashboard in the Revolut App which will display your offer of a Plan fee exemption of one or more months.

Your Plan fee exemption will start as soon as you complete the Required Steps mentioned above and accept the Plan fee exemption. You must accept your Plan fee exemption before the end of the running period set in the Landing Page. We will confirm your Plan fee exemption and its period by email.

We will not charge you for the period of time included in your Plan fee exemption. You have the right to cancel your chosen subscription at any time during the Plan fee exemption (your “Cooling-off Period”).

If you want to downgrade to another plan , you will not be charged a fee as long as you ask us to downgrade before the end of the Cooling-off Period. This is in line with our Business Terms, available here.

We will process your downgrade within one week of receiving your request. Please note that if you submit your downgrade request close to the end of the Plan fee exemption, you may still be automatically charged for your chosen subscription plan. However, we will refund those fees on your Revolut Business account within one week of us processing your downgrade request.

If you order a card and ask us to downgrade before the Cooling-off Period, you will have to pay us back for the card delivery fee. If the card was a Metal card, you will also have to pay us for the cost of the card itself. If you order a second card or additional Revolut cards and you decide to cancel your chosen subscription within your Cooling-off Period, you may also have to pay us back for the card delivery fees. Please refer to the Fees page for your chosen subscription plan (Business Fees Pages) to see the fees associated with card delivery and Metal cards.

On the expiry of the Plan fee exemption, you will remain on your chosen subscription unless you tell us otherwise, and normal cancellation and billing rules will apply (please see, in particular, the Business Terms for more information) and the Fees page Business Fees Pages) that applies to your chosen subscription plan for more information on what happens if you downgrade.

You can choose to pay monthly or annually for our plans. We’ll start taking payments for your chosen subscription either monthly or yearly depending on what you agreed to when you signed up for the plan.

You can also end your chosen subscription at any time after the Plan fee exemption. However, you may have to pay fees if you do.

What other legal information should I know?

1. We may suspend or end the Promotion earlier than the end date we’ve mentioned above if, in our reasonable opinion, the Promotion is being abused or may negatively affect Revolut’s goodwill or reputation. We may do this on an individual or promotion-wide basis. Please contact support if you believe you qualify for a particular benefit in relation to the Promotion that has not been awarded to you as a result of this early suspension or termination.
2. We can cancel this Promotion, or change these Promotion Terms with a prior notice of 14 days by email. Any changes to the Promotion Terms do not affect your rights, if you have already participated in the Promotion.
3. We agree to give you a Plan fee exemption by not charging you for the relevant period. After your Plan fee exemption period ends, all normal billing and cancellation rules will apply. As mentioned above, you can choose to pay for your plan on a monthly or annual basis; if you choose to pay annually, your Plan fee exemption period will not count towards the first 12 months.
4. If there are reasonable grounds to believe that you have engaged in any fraud or material abuse of this Promotion (such as for example attempting to obtain an unfair advantage through deception), your Plan fee exemption will end immediately and you will be charged a portion of your Paid Plan subscription fees corresponding to the period of time used until your Plan fee exemption Period ended.
5. The Affiliate will send marketing to its existing customers in compliance with applicable data privacy and direct electronic marketing laws. If you do not want to receive marketing from the Affiliate you must manage your marketing preferences with the Affiliate directly as this is outside of Revolut’s remit. If you sign up to Revolut as part of this Promotion, Revolut will process your personal data in compliance with the privacy notice that applies to your Business account which you can find here.
6. These Promotion Terms are published in Portuguese and any translation is a courtesy and an unofficial translation only. Participants of the Promotion cannot derive any rights from the translated version. The Portuguese language version of these terms shall apply and prevail and be conclusive and binding. The Portuguese version shall be used in any legal proceedings.
7. This Promotion is organised and offered to you by the following Revolut group entities that provide you with your Business account. If you have a complaint about this Promotion, you can raise it directly with them. Please see below for the registered addresses of each Revolut group entity,the applicable laws and the courts that have jurisdiction to decide any dispute you may have in relation to this Promotion.