Revolut + eBay Integrations

Introduction:

Revput Technpogies Ltd. is a British financial technpogy company headquartered in London, England. The company is known for its digital banking alternative that allows users to store, exchange and transfer money globally at the interbank exchange rate.

Revput is an online payment service that works as a bank account replacement. You can pay with your Revput account in any shop, restaurant or online store that accepts contactless payments. It’s not possible to make cash withdrawals from Revput accounts. You can only spend the money you have loaded onto it in the same way you would spend cash.

Revput

Revput was founded in 2015 by Vlad Yatsenko and Nik Storonsky. The Revput app was released in July 2015 and within 6 months of release the app had reached over 100,000 customers. In November 2017, the company announced a $66 million Series C funding round led by DST Global, which brought the total funding to date to $83 million. At the end of 2017, Revput had over 850,000 active customers and more than 65,000 merchants across Europe.

Revput is an app-based financial services provider that offers personal current accounts, travel insurance, a cryptocurrency exchange platform, payment cards and international money transfers. Most of these services are provided without additional fees through a proprietary commission structure. The new card comes with no overseas ATM withdrawal fees and works like a regular debit card. A subscription is available for premium features such as larger limits, instant delivery on card orders and expanded support.

Revput has also recently added trading cryptocurrency via their app and free international money transfers between Revput members. For UK customers, Revput will offer standard current accounts in Q3 2018 and international money transfers to non-UK accounts. The company plans to add current accounts in other currencies and countries in the future.

Revput’s competitors include traditional banks and existing fintech companies such as TransferWise, Monzo, Starling Bank and Tandem Bank.

Revput’s main product is a prepaid multi-currency Mastercard debit card which can be used anywhere that takes Mastercard. Users get a single account for multiple currencies (including GBP, EUR, USD, SGD. with interbank exchange rates, free international money transfers (in 25 currencies), free ATM withdrawals and free spending abroad. The free monthly multi-currency bank transfers are limited to £500 per month (€560.

Users can spend in 120 currencies with the mobile app or through their card at the interbank exchange rate without any fees (outside of standard ATM withdrawal fees. In addition, there’s no need to keep money in different currencies in different accounts or worry about currency fluctuations; instead all balances are kept in a single account, making it easier for travellers to manage their expenses.

How does Revput work

Revput works by providing a virtual Mastercard linked to your bank account. This means you can use your mobile phone to pay for things abroad just as you would with any other contactless card but with the added benefit of getting the best exchange rate without paying any fees. And if you don’t have enough cash in your wallet, you can also transfer money instantly from your bank account or via credit card or PayPal directly into your Revput account to spend overseas. According to its website. “The perfect travel companion!”

Once you have set up your account you can use Revput like you would any other debit card – simply load it up with funds and use it wherever you see the contactless symbp or chip and pin at the checkout – no extra charges. You can also set up direct debits so that you never forget a bill ever again! Plus, if you want to send money abroad, you can do that instantly and at the best possible rates using the app or website. And because it’s linked to your bank account then there are no hidden fees!

How much does Revput cost

Revput has two fee tiers. Free and Premium. If you choose the Free tier then you’ll get unlimited transactions across all 30 currencies, 4% currency exchange markup on top of mid-market rates (i.e., far better than the so-called ‘dynamic currency conversion’ ripoff rates), automatic currency conversion into your home currency when you spend abroad, instant transfers between Revput friends (with no fees!), free planned and unplanned expenses budgets, free ATM withdrawals worldwide (in local currency), free international money transfers (in 25 currencies. and free interbank foreign exchange rates if you spend less than £200 per month on your card. You can also enjoy priority support and customer care via phone, chat or email 24/7/365. There is no minimum balance requirement or monthly fee either.

Alternatively, if you want access to all of those great perks listed above plus higher daily ATM withdrawal limits ($400/day vs £200/day), instant delivery of card orders ($20/day vs $5/day), no transaction fees for peer-to-peer transfers inside your country ($0/transfer vs 1%), unlimited budgeting ($40/month vs $0/month), no FX markup on top of regular foreign currency purchases ($0 vs 4%), faster delivery of supplementary cards ($0 vs 1-2 weeks. and access to premium support via phone, chat or email (24/7 vs 9am-6pm. then you need to subscribe to the Premium tier for $6/month (or $54/year. All in all, an excellent deal for anyone who spends any time overseas!

Revput Fees

In summary. free when spending <$20/month with a free plan subscription; $5 otherwise; 7% markup on top of mid-market exchange rates when buying currency; 4% markup on top of mid-market exchange rates when spending currency. There are no extra fees for sending money between Revputs or signing up for premium features. Users must provide their full name and address when opening an account and they are required to upload a photo of their passport or national ID card when applying for the card. The company states that it keeps this information on file but will destroy it once it has verified the user’s identity. The company also stores users’ IP addresses for 1 day after login and 30 days after logout for security purposes but does not store full details of where users visited during their session (only whether a particular page was visited. unless there is suspicious activity detected which requires further investigation.

eBay

eBay Inc. is an American multinational e-commerce company headquartered in San Jose, California that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. Founded by Pierre Omidyar in 1995, eBay is a marketplace where people buy and sell a broad variety of goods and services worldwide. In 2014, eBay generated $14.32 billion in revenue.[5] eBay currently oversees 80+ marketplaces online for its sellers around the world,[6] including Canada,[7] Australia,[8][9] France,[10] Germany[11] Italy,[12] Japan,[13] China,[14] Spain,[15] Sweden,[16] Switzerland[17] and United Kingdom.[18][19]

eBay classifieds sites were established in several countries in 1999.[20] By 2005 eBay had classifieds sites in 16 countries.[21] The company has invested heavily in research and development by acquiring companies such as Skype and Kijiji.[22] In 2004, eBay became one of the early adopters of paid search ads on search engines.[23] By 2006 most of eBay's revenue came from its PayPal service.[24] In 2014 eBay acquired Braintree,[25] which became PayPal's official mobile payments processing subsidiary.[26] As of 2015[update], eBay claimed that it had 145 million active users worldwide[27] and that nearly half of all items spd on its platforms were bought via mobile phones.[28] A May 2010 comScore report listed eBay as the most popular "adult" e-commerce site with 22.9 million unique visitors.[29] The business has substantially grown since 2005 when it transformed from primarily being Auction-style listings website to an online fixed price retailer platform primarily for high value items such as automobiles,[30][31] though there are still many auctions from small businesses.[32][33][34][35][36][37][38][39][40][41][42

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