Revolut – A New Force in Online Casino Payments

The online casino industry is changing rapidly. Only by continually improving their offers can operators expect success. This is achieved by embracing innovation and solutions such as Revolut. Let’s take a closer look.

Widely Accepted Payment Options in Online Casinos

Aside from knowing what each banking method offers, you must compare them to make the best choice.

The most commonly used banking methods in online gambling are:

• Debit and credit cards
• Direct bank transfers
• Prepaid cards
• E-wallets
• Cryptocurrencies

You would want to know more about the safety, ease of use, fees, and transaction speed of each.

What Is Revolut and How Does It Work?

Revolut is a FinTech company based in London. When it launched in 2015, it offered an app and a prepaid card. Over the years, it enriched its offer with other products and services, some especially attractive to online gambling enthusiasts.

Today, Revolut is a digital banking system (without a physical branch), an alternative to traditional banks, but with similar features. For instance, using Revolut enables you to:

• Send money overseas
• Make payments and receive money
• Earn interest on the money you have in the Revolut account

A Revolut account works as a traditional bank account. You will get a bank account number and, if you wish, order a debit card (virtual and physical). Ordering a physical card goes through the app, and it’s free. However, bear in mind possible delivery costs.

Several factors have made casino players choose Revolut for their payment transactions. Some players opt for bank transfers to deposit and withdraw the winnings, and some prefer debit cards; Revolut comes in handy in either case because it works as both.

But that’s not all. There are further advantages to discuss below.

The Ease of Creating a Revolut Account

The best way to describe the process of creating a Revolut account is paperless and fast. It can be completed in a matter of minutes.

You only need a valid driver’s licence or a similar document to confirm your identity. There’s also no need for a confirmation of address, and the company doesn’t do credit checking.

Once you create the account, you should download the app, as you will manage your account through it. Downloading the app is also free. You’ll access the account using a four-digit password or fingerprint/face recognition.

Also, the funds on your account can be in a local currency or exchanged into a currency of your choice.

Advantages of Using Revolut in Online Casinos

When opting for a banking method, players take a couple of things into consideration, such as fees and the speed of transactions.

Deposit and Withdraw Money With Revolut

Although most online casinos create diverse payment offers, enabling players to use one option for depositing and another for withdrawing money, jurisdictions under which online casinos operate may mandate the use of the same banking option for both processes.

If that’s the case, Revolut is an excellent option to consider.

Given that Revolut is an e-wallet, you can attach your primary bank account or another method. It means you can fund your Revolut account using the primary bank account and use that money to deposit in an online casino. In reverse, once you receive your winnings in a Revolut account, you can transfer them to your preferred banking option.

Deposit Fees

Revolut will not charge you for depositing on a gambling site. However, you might have to pay a fee when converting the money into another currency.

Also, some online casinos impose fees on deposits. Before making a transaction, it’s critical to familiarise yourself with the terms and conditions.

Withdrawal Speed

You can expect two scenarios when withdrawing money to your Revolut account. First, it can take up to six business days to see the money in your account. Second is the option of instant withdrawal. That results from an online casino favouring Revolut and motivating players to use it by ensuring fast payouts.

Side note: Not only can you deposit, but you can also withdraw the winnings in the currency of your choice when using Revolut.

Spending Monitoring and Site Blocking for Responsible Gambling

We know how seductive online casino games can be, especially when depositing money is straightforward. Players often lose track of how much they are spending. Revolut is here to remind them.

App users receive notifications regarding every transaction they make. Such information helps them be more mindful of how they spend money and when they should slow down.

For those who struggle to put limitations on themselves, Revolut also has the option of blocking gambling sites, preventing you from spending more time and money on online casino games than you can afford. But, of course, it’s on you to activate it.

Even though it has been on the market for less than a decade, Revolut has already contributed to the digital transformation of the finance sector by following and adapting to the changes in customer behaviour. Since entering the sphere of online gambling, it has added value to the casino experience, not just for the punters, but for the providers as well.