Revolut Casino Payment Solution

Table of Contents

History
Revolut Updates
Pros and Cons
How to Use Revolut in Online Casinos
Regions
Payment Methods
Currencies
Main Benefits
Player Experience
Customer Support
Minimum Deposit and Withdrawals
Security
Licenses
FAQ

History

Revolut is a modern-day success story that has revolutionised how people manage their finances. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut was initially created as a digital banking alternative to traditional banks. However, it quickly gained popularity and expanded its services to include a robust payment system. Over the years, Revolut has grown exponentially, attracting over 15 million users worldwide. In 2017, the company launched Revolut Business, crypto trading in EEA, and multiple other functionalities that correspond to the demand of the iGaming audience.

What started as a travel card soon became a comprehensive payment system, including instant peer-to-peer payments, budgeting tools, and a cryptocurrency exchange. Its user-friendly interface and commitment to transparency have garnered a loyal customer base, particularly among tech-savvy individuals and frequent travellers. Today, Revolut continues to expand its services and partnerships, aiming to provide its users with a seamless and secure payment experience. Its integration with online casinos has been a game-changer, enabling players to make deposits and withdrawals effortlessly.

Revolut Updates

2023 — Revolut launches Revolut 10 update to its app
2023 — The company releases Revolut Trading Pro subscription — a powerful set of tools and insights designed for advanced traders
2023 — Tap to Pay gets enabled on iPhones
2023 — Ultra, a new top-tier membership added

2022 — Revolut launches Revolut Chat instant messaging system
2021 — Revolut adds Google Pay and Apple Pay
2021 — Revolut includes 11 new crypto tokens in its offer

Pros and Cons

Pros

Instant payments
Crypto payment support
Multi-currency functionality
Licensed method
Top security measures

Cons

Not available everywhere
Gambling transactions potentially flagged and blocked

How to Use Revolut in Online Casinos

Using Revolut to complete transactions in online casinos is simple. Here’s a step-by-step guide.

Create a Revolut account and complete account verification to enjoy the full spectrum of services.
Add funds to your Revolut account using a bank transfer, debit/credit card, or cryptocurrency.
Open the online casino platform of your choice and navigate to the payment options.
Select Revolut as your preferred payment method.
Enter the desired deposit or withdrawal amount and confirm the transaction.
Authenticate the payment using your Revolut app or card details.

Regions

Revolut is a global payment platform available in most countries worldwide, with specialised products and services in Spain, the USA, Singapore, Estonia, and Australia. All EEA countries are supported as well.

Payment Methods

Revolut supports funding accounts using various payment methods, such as:

Bank transfer
Debit and credit cards
Apple Pay
Google Pay
80+ cryptocurrencies

Currencies

Revolut allows account holders to use and exchange over 25 currencies worldwide.

Main Benefits

Using Revolut for online gambling offers several benefits for both players and online casinos that integrate this payment method. Here are four key benefits:

Instant deposit

— Players using Revolut can start playing their favourite games soon after making the required deposit.

No conversion fees

— One of the main advantages of using Revolut for gambling is the elimination of foreign conversion fees or other additional charges typically associated with making deposits or withdrawals.

Improved security measures

— Revolut offers state-of-the-art security features, including top-tier encryption methods, two-factor verification, and the ability to freeze and thaw cards immediately.

Support for multiple currencies

— Revolut allows players to hold and exchange multiple currencies at favourable rates, which is especially useful for players engaging in international gambling sites.

Supports cryptocurrencies

— Players can purchase over 130+ crypto tokens using Revolut.

The Gambling Block

— Revolut can automatically block card payments to gambling merchants, including online casinos or sports betting sites. This is an essential feature for all those users who might think their gambling activities are getting out of hand.

Player Experience

Revolut supports both deposits and withdrawals in online casinos. In fact, even if Revolut is not accepted per se, its prepaid cards are issued by Visa and Mastercard. However, for members, different subscription plans may entail specific fees. For instance, topping up a Revolut account through methods like Paysafe cash may incur a fee of 1.5% per transaction. While the ease of handling multiple currencies and robust security measures like two-factor authentication enhances the user experience, players should be mindful of any transaction limits imposed by the casinos and the potential fees associated with their chosen Revolut plan.

Customer Support

Revolut offers a detailed Help section where you can find answers to the most common questions regarding your personal and business accounts. If you need further assistance, email the customer service team at support@revolut.com.

Minimum Deposit and Withdrawals

Revolut does not impose any limits as to deposits and withdrawals you can make. Such limitations are only set by casinos themselves.

Security

Revolut will require you to input your PIN, biometrics, and SMS code when using the mobile app for security purposes. There are also detailed systems that check for fraud and scams. As per rules imposed by the financial institutions that regulate Revolut, such as the Financial Conduct Authority, all player funds are kept in separate accounts in case Revolut goes bankrupt.

Licenses

Revolut is certified by the Financial Conduct Authority under the Electronic Money Regulations of 2011. The company holds a banking license from the Bank of Lithuania.

FAQ

How do I set up a Revolut account for online gambling?

Download the Revolut app and sign up for an account. Follow the verification process to confirm your identity. Once your account is verified, you can add funds to your Revolut wallet using various methods. After that, when depositing or withdrawing at an online casino, select Revolut as your payment method and follow the instructions to complete the transaction.

What are the advantages of using Revolut for online gambling?

Revolut offers advanced security features to ensure the safety of your transactions. Additionally, it provides budgeting tools that can help you manage your gambling expenses effectively. Furthermore, Revolut supports cryptocurrency integration, allowing you to use digital currencies for gambling.

Can I use Revolut for both deposits and withdrawals in online casinos?

Yes, you can use Revolut for both deposits and withdrawals in online casinos. Note that not all casinos support this functionality.

Are there any Revolut fees?

The fees Revolut charges depend on the transaction type and your account status. For example, Revolut debit cards charge 2% on withdrawals.

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