Revolut vs Monzo: A Guide for Business Owners

Note that the information about the payment providers found in this article was taken from their respective websites on 23 April 2025. This information is subject to change.

Revolut and Monzo, both launched in 2015, are best known for offering digital bank accounts that make money management simpler for individuals and businesses. While they’re often used for personal banking, in this article, we'll focus specifically on their business accounts and how they support online payment processing.

We’ll compare how Revolut and Monzo help businesses receive, send, and manage payments online – and we’ll also introduce Noda, a fresh approach to real-time payments for businesses ready to move faster.

If you're a merchant looking for the right setup to accept online payments, this guide is for you.

Monzo vs. Revolut: Receiving and sending payments

Getting paid should be simple, but also smart. From QR codes to e-Commerce integrations, here’s how Monzo and Revolut compare on the tools that matter to growing businesses:

Monzo and Revolut both offer useful tools for managing business payments. Monzo keeps things simple, making it a good fit for those who want a clean and swift way to send invoices and track payments. Revolut steps it up with broader e-commerce support and tools for businesses operating internationally or needing more payment options.

But if you're looking for a faster, more flexible way to accept online payments, Noda could be a smart next step. You get Instant Payment Links, QR code checkouts, e-commerce integrations, and developer-friendly APIs – all designed to help you accept online payments without relying on cards or clunky plugins. Ideal if you're scaling up or want more control over how your customers pay.

Monzo vs Revolut: Business account features

A business account should do more than just hold money. Currency support, payment handling, software integration, and access to tools like batch transfers or APIs can have a direct impact on how your business operates.

Below is a breakdown that highlights the key difference between Monzo and Revolut when it comes to business account features:

Revolut may suit businesses that operate across borders or need flexibility with currencies. It supports over 30 currencies, up to 1,000 batch payments, and offers business APIs for automation. For online payments, Revolut provides a card-based checkout option (Revolut Pay), though it remains relatively limited compared to specialised providers.

Monzo, on the other hand, could be a better fit for businesses focused mainly on the UK. It offers free UK transfers, cash deposits via PayPoint and post offices, and loans up to £50,000 with FSCS protection. To accept online payments, Monzo integrates with Stripe, enabling businesses to collect card payments, including Apple Pay and Google Pay. However, it only supports GBP and lacks multi-currency and automation tools.

For businesses focused on collecting online payments more efficiently, Noda offers a dedicated solution that works alongside your business bank account.

• Direct bank connections to 2,000+ banks across the UK, EU, Brazil, and Canada – built on Faster Payments (FPS), SEPA infrastructure, and other local instant payment schemes
• Multi-currency support for GBP, EUR, BGN, RON, CAD, BRL, HUF, SEK, and NOK
• Payment links and QR codes for digital checkouts, invoicing, and recurring payments 

Noda is designed to improve how you get paid, making payment flows faster, easier, and less expensive.

Monzo vs Revolut: Business account fees

When managing a business, fees can add up quickly, especially when you're dealing with international transfers or currency exchanges. Both Revolut and Monzo offer competitive rates compared to traditional banks, but the way they charge for services is different.

Here's a clear look at how their fee structures compare:

If your business handles frequent international payments or currency exchanges, Revolut’s allowance-based model may offer more control, especially if you stay within the included limits of your plan. It's suited to teams managing costs across multiple currencies and markets.

Monzo, on the other hand, simplifies things for UK-focused businesses. Free local transfers on all plans and predictable fees for international transactions make it easier to stay on top of costs without extra tracking or unexpected charges.

If your business processes a high volume of payments, small savings per transaction can add up quickly. That’s where Noda can make a difference.

Noda enables customers to pay you directly from their bank accounts, with no need for card networks or third-party apps. Payments are settled instantly – no delays, no “pending” status.

Key features:

• Direct bank payments with no cards or intermediaries involved
• Real-time settlement, so funds arrive immediately
• Lower transaction fees, typically between 0.1% and 1%

It’s a fast, cost-effective way to improve your payment operations – designed to reduce overhead, not add to it.

Monzo vs Revolut: Customer support

Support matters when things go wrong. Whether you're chasing a payment or need quick clarity, having someone reliable makes a big difference. Here's how they handle it, and how Noda brings a more personal approach:

Revolut is strong on multilingual, always-available chat – especially useful for businesses spread across regions and time zones. However, the lack of phone support may be limiting if you prefer speaking with someone directly.

Monzo takes a more traditional approach, offering both in-app and phone support, with defined hours for non-urgent issues. It may feel more reliable for businesses that want to talk to a real person, especially in urgent situations.

Every Noda client gets a dedicated account manager, so support comes from someone who already understands your setup. Technical support is also available to assist throughout the onboarding process and beyond.

And the payments interface is available in eight languages: English, German, Spanish, French, Dutch, Bulgarian, Portuguese, and Romanian – making it easier for your customers to pay in the language they’re most comfortable with.

Get paid the better way

Choosing between Monzo and Revolut comes down to how your business moves money. Think about where your customers are, how you pay and get paid, and what kind of support you expect along the way.

But if your biggest challenge is collecting payments faster, lowering costs, and improving efficiency, Noda gives you the tools to do exactly that. With direct bank payments, you can reduce reliance on costly card processing and get paid quicker –  without changing the way you bank.

Try Noda today and see how a better payment experience can free up time, reduce fees, and keep your cash flow moving.