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Revolut is a newer payment method that has clearly come to stay, and casino gamblers from all over the world are discovering the benefits of this payment service that has set out to revolutionise the way we pay when we play casino games on the internet. Forget about difficult bank transfers with lengthy transactions, and instead, discover a casino payment method that meets the requirements of a modern gambler.
Best Revolut Casinos Around the World
Revolut first popped up in 2015, and it has quickly become a valued payment option for those who are tired of paying high fees and having to wait for days for a payment to go through. While the service shares certain similarities with e-wallets, Revolut is, in fact, one of the first of its kind. It offers an ideal payment method for online casinos, with instant transactions and top security.
Nikolay Storonsky, the company CEO, set out with the vision to provide online merchants and customers with something that didn’t already exist, and based on its success so far, we believe it is safe to say he succeeded. Revolut is a mobile bank that allows you to make simple and quick casino payments.
Revolut is a mobile app that allows you to make national and international payments to a long list of companies and institutions, and the casino industry is beginning to discover its many benefits.
It allows users to store and use over 25 currencies, send money transfers to friends and family without any added fees, and you obtain a debit card with which you can make international payments in 130+ currencies.
An interesting feature when you use Revolut is that you can load your account with any of the available currencies, and then have it converted to the currency of your choice. It makes it ideal for international payments and for purchasing services abroad, such as those of an offshore online casino.
Everyone who uses Revolut gets a virtual card that can be used for card payments and the choice of either a free basic card or a metal one. What interests us the the virtual card though, as that means that you can often pay at online casinos with it as if it was just any debit card, and it’s not necessary for the casino to offer Revolut specifically.
Revolut also provides 2 different types of virtual cards: a single use one, and a virtual version of your physical card.
The main difference between the virtual cards and their physical counterpart is that a physical card can be used to withdraw money from ATMs and to pay in physical stores, restaurants and locations, while the virtual card can only be used for online payments and purchases.
This card allows you to make single-time payments with the extra security of its details not being leaked as not only do they change each time you use it, but the card is “destroyed” after each single use. Fret not though, as Revolut still allows you to receive refunds on it even after the card is used.
This card is the virtual equivalent of the physical one sent to you. It can be used with trusted retailers and boasts an extra layer of security by allowing users to freeze or terminate the card anytime and create a new one instantly.
Comparing Revolut Membership Levels
|Cost per Month||FREE||£2.99||£6.99||£12.99|
|Free to Use Abroad||Yes||Yes||Yes||Yes|
|Priority Customer Support||No||Yes||Yes||Yes|
Revolut has a free base level that won’t charge you anything for having your account, but if you want additional perks and services, you will need to upgrade your member level to either Plus, Premium or Metal. We are going to have a quick look at what sets the different member levels apart and what you can expect by upgrading.
Is an upgrade necessary for online casino play? Not necessarily, since you only need the virtual card, but it’s still a smart idea to look into what each level has to offer, so that you make the right choice for yourself and your gambling habits.
Revolut Deposits & Withdrawals
Why do gamblers pick one payment method over another? Usually, the answer is convenience; we all want deposits and withdrawals to be as easy and hassle-free and possible, and the Revolut concept perfectly meets this need. Additionally, you can use this payment method for other online purchases and in-person purchases, since it comes with its own debit card.
The good news is that you won’t pay any fees related to Revolut itself, and you can make your casino deposit without having to worry about a percentage being taken out of your gambling budget. If there are fees, these fees would be implemented by the casino itself and not by Revolut, as the service is free to use.
If you want to know about any potential casino fees, make sure you check the terms and conditions before making a Revolut deposit or withdrawal, but even if there is, it’ll likely still be one of the cheapest payment methods as you won’t have fees taken by both your payment method and the casino. Not only is Revolut convenient, but it is also cost-effective.
While deposits with your Revolut account are instant, you should expect withdrawals to take somewhere between 3-6 business days. This can seem slow, but keep in mind that this is a payment service that works like a bank, only it’s all done on your mobile phone. It is a case where the outcome is truly worth the wait, as you get secure transactions without the need for a regular bank account.
Note that those signed up for Revolut Premium may have access to quicker withdrawals at certain casinos, and some may even be instant. When you are using payment methods like Revolut, it is always best to read the fine print so that you know what to expect.
You also need to take the casino’s processing times into consideration.
Revolut resembles an e-wallet and has the option to store money virtually, send money to friends and family and much more. However, it has many additional features as well and could be argued to be much more than a regular e-wallet. The service has a European Banking Licence.
Yes, you can make both casino deposits and withdrawals with Revolut, and if you have a Revolut Premium account, you can make ATM withdrawals with your physical card once the funds reach your account.
Generally yes, as Revolut is a highly trustworthy payment service. If you are concerned about the trustworthiness and safety of a casino, make it a habit to verify that the casino site is licenced by an official licensing authority.
Yes, deposits with your virtual or physical Revolut card are instant.
Yes, you can download the Revolut app to your iOS or Android device, and the app download is completely free.
No. Revolut resembles a mobile banking institution, and while in the possession of a European Banking Licence, the payment service still isn’t considered a bank.
Yes, you can download the Revolut app in the Google Play Store if you are an Android user, and use the App Store if you use an iOS device.
Yes, signing up for Revolut is free, and so is obtaining a basic account. You only pay a monthly fee if you opt for a Premium account or higher.
Wagering Requirements with Revolut
Those making deposits and withdrawals with Revolut are not spared from wagering requirements, unfortunately, and you need to make sure you look this up before you accept a casino bonus. Wagering requirements are usually multipliers that require you to wager your bonus money anything from 5-40+ times before the bonus and any winnings will be liberated to withdraw.
There is no way to get past existing wagering requirements, even with Revolut, but you can choose casino bonuses wisely whenever you try new casino sites. Each bonus should have T&C’s available and it is advisable to read the fine print.
Revolut is regulated by the Financial Conduct Authority, and this helps protect your funds even if Revolut itself should get into some type of trouble. Another safety feature comes with the many options to regulate and monitor your spendings when using Revolut, and it is easy to keep track of any money received or sent.
For casino gamblers, this becomes particularly relevant due to the importance of sticking to budget and gambling responsibly in the casino industry, and your money is also protected by sophisticated safety measures including (but not limited to) SSL encryption.
The general concept of Revolut resembles that of a bank but is it actually a bank institution? The fast answer is no, but it might become one, someday. On December 13th, 2018, Revolut got their European Banking Licence, but it holds no UK Banking LIcence or any other banking licences, and it can therefore only be considered a virtual payment service at this point.
Revolut and Cryptocurrency
An interesting new feature that comes with Revolut is its compatibility with cryptocurrencies like Bitcoin, Litecoin and Ethereum. You can purchase, store, trade, transfer, and exchange these cryptocurrencies through Revolut, which also facilitates casino payments with Revolut.
Revolut Pros and Cons
You might be eager to hear the downsides of this seemingly flawless payment method too? Don’t worry, we’ve got you covered. There are many good things to say about this UK virtual payment institution, but there are also things to be aware of when trying to figure out whether the service is right for you.
It could be considered a disadvantage that you have to pay a monthly fee or a Premium account or another higher-level account, and that these are the only ways to gain access to some of the Revolut features. However, the free base-version is more than enough to gamble online, and can be used for casino deposits and withdrawals if you do not wish to pay.
There is plenty to say about Revolut, and one thing is that it is likely a reflection of what the future of online payment methods is going to be like. Regular banks are probably always going to be needed, but they are becoming outdated in the virtual era of today, and especially in the casino industry.
With Revolut, you get to skip the fees and enjoy the instant deposits, and best of all is that everything can be conveniently handled with your mobile phone. Make casino deposits and withdrawals even easier than they already are, and let Revolut worry about the rest.
With a banking licence issued by the European Central Bank, Revolut can be considered a real bank with additional benefits such as full mobile accommodations, which is ideal for someone who is on the go, travels or lives abroad or who simply wants a casino payment method that isn’t directly tied to a traditional bank.
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