Revolut as an Online Casino Payment Option

Revolut is one of the financial technology companies that offers banking services to online casinos. It is based in London, England, and was established by Nikolay Storonsky and Vlad Yatsenko in 2015. It offers many benefits that are enjoyed by many players around the globe. It is a normal Visa or Matercard and can be used in almost all online casino. Read on to learn more about this payment method and why many players and casinos prefer it.

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These days, more and more individuals are using Revolut to manage funds through transfer and exchange. Over the years, it has evolved to meet the needs of many users, It offers accounts featuring currency exchange, debit cards, virtua cards, Apple Pay, interest-bearing “vaults”, commission-free stock trading, crypto, commodities, and others.

History

Revolut has been established in 2015 by Nikolay Storonsky and Vladyslav Yatsenko. Their headquarters is in London, England. In 2018, the company has announced that it had raised an additional $250 million in a funding round that was led by Hing Kong-based DST Global. As a result, they have reached a total value of $1.8 billion. Also at the same year, Revolut secured a Challenger bank licence from the European Central Bank. This was facilitated by the Bank of Lithuania and authorising it to accept deposits and offer consumer credits, except investment services. Simultaneously, the Bank of Lithaunia also issued and Electronic Money institution licence.

In 2019, Revolut announced their launching of a commission-free stock trading with the New York Stock Exchange as well as NASDAQ which became available to all users. Additionally, the company hired personnel who are highly experienced in traditional banking, like Wolfgang Bardorf, Philip Doyle, and Stefan Wille. At the same year, Revolut also announced a deal with Visa making a successful expansion of the company and giving additional jobs to 3,500 more staff.

The following year, Revolut expanded their business in Japan by launching its financial app in the country. In 2021, the company applied for a UK banking licence and likewise applied for a bank charter in the US the the application with the FDIC and the California Department of Financial Protection. With topnotch investors, they have raised a total of $800 million and reaching up to $33 billion valuation.

Following its successful growth, gamblers have chosen Revolut as a payment option for online casinos. It is also available in most casinos to give the player a wider range of choices. In fact, there are positive reasons why players choose Revolut:

  1. Revolut users can spend their money abroad without paying any hidden fees. It can work with over 130 currencies giving the users the real exchange rates. In addition to these, user can send money around the globe in a fast and secure money transfers.
  2. Users of Revolut can likewise swap Ether, Bitcoin, and Litecoin with one of 25 different fiat currencies at the best rate.
  3. It also offers the users to save money with ease through different ways. Examples are via recurring payment to the user’s savings or Vault, one-off contributions when when preferred by the user, or rounding up each transaction.
  4. Users who are in premium subscription can enjoy the benefits of handy perks like travel insurance.

Deposit/Withdraw, how does it work?

Using Revolut as a payment method in online casinos is probably one of the easiest. They offer a straightforward process when it comes to making deposits and withdrawals. Below is the guideline in making depostis for you to enjoy playing your favorite online casino games.

  • Create an account with your preferred online casino and follow the instruction provided by the casino site.
  • Choose the preferred payment method. It can be VISA or Mastercard depending to what your Revolut card is set to.
  • Enter the necessary details of the card, such as the cardholder’s name, card number, expiration date, and CVV number.
  • Input the desired amount that you want to deposit into your online account.
  • After all the required information have been entered, click “Deposit” and everything will be set for you.

Deposits is usually real time making the app more popular when a player claims a Revolut casino bonus. If you have satisfied your cravings in playing casino games, you may also want to withdraw your winning. Withdrawal can also be made possible with the same Revolut account you used for depositing. Any online casino site that accepts Visa or Mastercard as a withdrawal option will allow you to use your Revolut card to receive your winning. It usually takes around 3-5 working days for your withdrawal to be processed.

To withdraw through Revolut, you need to input the details of your card, such as cardholder’s name, card number, expiration date, and CVV. this can be done at the withdrawal section of your preferred online casino. Click “Withdraw” and the winning will go straight to your account.

Just like in any payment option, you may want to know the different advantages and disadvantages of using Revolut. As such, you will have the full knowledge about the payment option you are choosing and enjoy playing your favorite online casino games to the fullest.

Some of the advantages of using Revolut are:

  • Revolut is easy to use as all the online transaction for playing online casinos are simple and fast.
  • There is no fee when you play in online casinos.
  • Your Revolut account can be managed easily when gambling online. It is also accepted by many online casino sites.

Revolut also has its downside when used to make e-payments for online casinos. For instance, not all online casinos accept it as a payment option. It also takes time to receive the Revolut card causing delays in making transactions for those prefer not to use the digital version.

Moreover, there are also welcome bonuses offered by casinos once you have signed up with Revolut. The bonus is usually given when making the first deposit. However, the welcome bonus is not exclusive to Revolut users. It is usual for online casinos to give it to new players as a gift for being part of their journey in online gambling. Aside from the welcome bonus, other perks are also offered, depending on the type of account you chose. For example, Premium and Metal users are usually the priorities in the customer support live chat service. The app also offers convenience and flexibility since users can send funds to your contacts easily and quickly.

Additionally, players may also find the Revolut as a payment option to be user-friendly as the Customer Support is located directly in the app. All you need to do is to select the question mark in the bubble and be able to access the FAQ part or chat with a live agent. You can also use your browser to to get help and maximize your experience with Revolut.

Revolut Frequently Asked Questions

Can I use Revolut to gamble?

Yes. As long as you have a Visa or Matercard when you sign up with Revolut. Online casinos treat them exactly the same. All you need to do is to input your card details and you can start playing your favorite online gambling games. In addition to these, there are many casinos that accept Revolut as a payment option.

Is it safe to use Revolut to play online casino games?

Yes! You have the full control over your finances so you can monitor all activities and transactions. Revolut also uses the same security measures that are used by Visa and Mastercard.

What are the countries that accept Revolut?

You will be amazed to know that there are many countries that accept Revolut as a payment option for playing online casino games: Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the UK, and US.

How can I withdraw my winnings from Revolut casinos?

Withdrawal is an easy process. FIrst, you need to go the “Cashier” section at the online casino site. Then select Revolut as your method of withdrawal and enter the detail of your Revolut card. Processing time usually takes 3-6 days