Revolut Business vs Paypal Business: Which is better for your business?
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Choosing the right business account can significantly impact your financial management. Let’s compare Revolut Business and PayPal Business in terms of features, pricing, business card options, and more to help you decide which suits your business best.
| Revolut Business | Paypal Business | |
|---|---|---|
| Features | Multi-currency accounts, international payments, expense management, API integration | Online payment processing, invoicing, business loans, FDIC insured |
| Pricing | Monthly fees from £19; competitive transaction fees | No monthly fees; higher transaction and currency conversion fees |
| Business cards | Physical and virtual cards with spend controls | Business debit card; limited card management features |
Revolut Business vs Paypal Business: Key Features
| Revolut Business | Paypal Business | |
|---|---|---|
| Supported currencies | 30+ currencies | Major currencies |
| International payments | Free within plan limits; real exchange rates | Fees apply; currency conversion rates may vary |
| Accounting software integration | Integrates with Xero, QuickBooks, and more | Integrates with Xero, QuickBooks |
| Business debit cards | Up to 3 physical cards per employee; up to 200 virtual cards | Up to 4 cards per account |
| App | Comprehensive mobile app with real-time notifications | Functional mobile app with basic features |
Both offer robust features. Revolut stands out with its extensive multi-currency support and advanced expense management tools, while PayPal excels in providing business loans and FDIC insurance. The best choice depends on your business’s specific needs.
Revolut Business vs Paypal Business: Pricing
| Revolut Business | Paypal Business | |
|---|---|---|
| Account opening fee | None | None |
| Monthly subscription | From £19 (Grow plan) | None |
| Currency exchange fees | Free within plan limits; 0.6% outside allowance | 3% above base rate |
| Money transfer fees | Free within plan limits | From 1.29% + currency conversion fees |
| FX fees | Interbank rate within allowance | Markup on exchange rates |
Revolut offers a competitive subscription starting at £19 per month, while PayPal charges no monthly fees. However, Revolut provides more favorable currency exchange terms within plan allowances, whereas PayPal’s currency conversion fees are higher. Consider your transaction volume to determine which pricing structure is more cost-effective.
Revolut Business vs Paypal Business: Business Cards
| Revolut Business | Paypal Business | |
|---|---|---|
| Physical card | Yes | Yes |
| Virtual card | Yes | No |
| Custom card | Yes, with spend controls and approvals | No |
| ATM withdrawal | Free up to £200/month, then 2% | $1.50 per withdrawal |
Both Revolut and PayPal offer business card functionalities. Revolut stands out with its provision of virtual cards and customisable spend controls, while PayPal provides a straightforward business debit card without virtual card options.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards |
| Pricing | No monthly fees and no fees for cross currency payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
