Casinos with Revolut
Exclusive Revolut Metal card; Disposable virtual cards; LoungeKey Pass access; Free lounge passes for your and up to 3 friends if your flight is delayed 1 hour; Revolut Junior accounts for up to 5 kids; 0.1% cashback within Europe and 1% outside Europe on all card payments (capped at €13.99 per month) 1 free SWIFT transfer each month. In this case if use my revolut to deposit in the same gambling website when i will go request a cashout from the gambling website it will normally send back the funds to the same card ive used to deposit. Now what i want to know is if Revolut card can receive credits like other credit cards do.
Overview
Revolut is a relatively new electronic payments platform which focuses on allowing individual users and businesses the chance to send and receive funds without the need to rely on traditional banks.
The company is regulated by the FCA (Financial Conduct Authority) and also holds a European banking licence. It offers completely free global transfers, as well as fee-free international spending at interbank exchange rates.
Revolut can also be used as a multi-currency “digital payment card” via its innovative app. Its creators claim that it is possible to open a Revolut account in less than one minute.
Standard accounts allow users to hold and exchange between 25 different currencies, send and receive money locally and internationally, make purchases abroad with zero fees, and make up to £200 of free withdrawals per month at an ATM.
As a payment method, it is accepted by some of the most well-known online casinos in the world.
Revolut also offers a premium account option where users can access reduced overseas medical insurance, exclusive card designs and 24/7 customer support. However, most of the features enjoyed by VIP users of other payment methods can be accessed for free within Revolut. The firm has recently started to offer its own contactless Visa and Mastercard cards, to facilitate faster transactions.
Advantages
- Convenience: Revolut is widely accepted in card form by thousands of businesses, including many of the world’s most popular online casinos. This makes depositing and withdrawing as easy as can be, allowing casino fans to get involved with all the latest gaming action in next to no time.
- Security: When a user pays with Revolut, they aren’t required to share any of their personal banking information with their casino of choice. This helps to massively reduce the chances of becoming a victim of data theft and/or fraud.
- Rapid: Deposits and withdrawals performed via Revolut are usually instantaneous. While some casino operators may have their own rules regarding deposits/withdrawals (for example, a 24-hour delay before processing a withdrawal), Revolut still offers a faster alternative than the traditional 3-5 working days most traditional banking transactions take.
- Easy to sign up: Those who wish to use Revolut as a funding method can have an account set up in less than one minute. The sign-up process is fluid and convenient.
- Availability: Unlike many of its competitors, Revolut allows users to operate using 25 different currencies. This inclusivity is likely to work out well for casino fans who find that other platforms won’t allow them to use their currency of choice.
- Regulated: With a licence to operate in the European Union and full regulation from the FCA, Revolut users don’t have to worry about potentially losing money in the event of financial issues with the company.
Drawbacks
- Restrictions: While Revolut operates throughout the world, it has yet to be adopted by some online casinos. This is partly due to its relatively new status in the world of electronic payments, however, and increasing numbers of Revolut brokers are expected to get on board soon.
- Customer service: Early reviews of Revolut pointed to poor customer service – although more recent reviews demonstrate a marked improvement of late.
Speed Of Revolut Payments
With a scalable, rapid-speed infrastructure in place, Revolut payments can be made instantly. As soon as you deposit funds, they will leave your Revolut account and allow you to enjoy all the latest online casino action.
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In some cases, withdrawals may take slightly longer, but most withdrawals are usually made within 24 hours, depending on your casino of choice. It’s always worth consulting the terms and conditions of a casino to find out how long withdrawals may take, and whether a casino will impose a small fee for the use of Revolut.
Security
Revolut offers enhanced security, including options for users to enable or disable contactless payments and swipe payments. From an online perspective, it features the latest encryption techniques to ensure that your data is kept away from malicious hackers, fraudsters and thieves.
Fees Or Costs
Sending and receiving money with Revolut is free in over 130 countries around the world. Making payments is also free, however, some online casino vendors may charge a small commission fee for those who wish to make withdrawals using the service (see the terms and conditions of your casino of choice for further information).
Revolut users can access their funds via an ATM machine (up to £200 per month). All withdrawals over this limit are subject to a 2% surcharge.
Is Revolut A Good Choice For Casino?
The beauty of Revolut is that it is easily adoptable by all traders on account of working in much the same way as a traditional bank card does, helped in part by the firm’s partnerships with both Visa and Mastercard.
It offers a secure platform for online casinos to receive funds and payout winnings and is recognised worldwide as one of the easiest ways to make payments in an increasingly global society. All this makes Revolut a great choice for traders, and as word spreads it’s likely that most online casinos will adopt the payment platform in the near future.
FAQ
Are there any Revolut bonuses?
In addition to being able to spend money around the world in a variety of traditional currencies, Revolut users can also trade in cryptocurrency including Bitcoin. It facilitates the easy use of crypto-only casinos, many of which offer attractive sign-up bonuses.
Can I deposit and withdraw?
Depositing funds and withdrawing winnings is easy with Revolut. As always, users should check the terms and conditions of their casino of choice to find out how easy it is to deposit/withdraw using this platform.
What countries can use Revolut?
Revolut can be used in over 130 countries worldwide. For a comprehensive list of countries which accept Revolut as a form of payment, consult the official Revolut website.
Revolut history
The London-based firm was founded in summer 2015 by two enterprising fintech pioneers, Vlad Yatsenko and Nikolay Storonsky. Prior to forming Revolut, Yatsenko had spent a decade creating financial systems for some of the largest investment banks in the world.
The idea for Revolut came about while Storonsky was doing a lot of travelling. Dissatisfied with spending hundreds of pounds on exchange rate commissions and international transaction fees, the solution became clear: to create a multi-currency electronic payment platform. In just a few short years, the very same platform has been adopted by some of the world’s largest online casinos.
Brokers that accept Revolut
The following online casinos accept Revolut as a payment/withdrawal method:
• Betfair
• Betway Casino
• Unibet Casino
• Playzee Casino
• LeoVegas Casino
• PlayOJO Casino
• Rolla Casino
• Genesis Casino
• Temple Nile Casino
• Casino Heroes
It is expected that Revolut will continue to add more vendors as demand for the platform increases.
Revolut News
What is open banking? Research suggests that the majority of people still have no idea. However, it could be something that fundamentally changes the way we manage our money.
Since 2018, regulations have meant that banks are obliged to let you share your financial information with third-parties, if that is something that you want to do. This initiative is known as open banking, and, in theory, it’ll allow you to better manage your money and spur the big banks to greater innovation.
In this article, we’ll tackle your questions in more detail. So, what is open banking? What are the benefits? And is it safe?
What is Open Banking and Why Does it Matter?
Open banking is the new set of rules that permit third-party providers of financial services to access your financial data at your bank, including your transaction and spending data. This, importantly, only happens if you want it to – and is only obligatory for the UK’s nine largest banks (currently).
The effect is significant. Open banking essentially transfers ownership of your financial and account information from the bank, who traditionally held it, to you, the consumer. You decide who can have access to that information.
This makes it easier for you to benefit from financial services offered by people who aren’t your bank. Traditionally, banks were much of a muchness: interest rates may differ between accounts, but the offer was otherwise similar. There was less incentive to innovate, and few people ever switched banks.
As a result, banks rarely developed new technologies or tools for customers. However, with open banking, this is expected to change.
What is the Benefit of Open Banking?
In fact, open banking is expected to benefit the banks involved, the third-party financial technology companies, and the customer. This is why it has been hailed as a “revolution in banking.”
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Firstly, by making it easier for consumers to choose what financial services they want to use, open banking intends to promote competition in the financial industry. This may not sound like it would benefit the big nine banks necessarily. However, if they want to retain their customer base, they will need to embrace innovation – particularly when there are so many new services on offer.
For the customer, the potential benefits are as numerous as the different financial services available. There are over 200 regulated banks and fintech startups offering useful new ways for you to manage your money. However, without open banking, you may never have got to use them.
Because, for these to work, they need to see how you use your money: they need to see what you are spending, how, and to whom. As long as you give your explicit agreement that that is okay, you get to use the service that they are offering.
Open Banking Explained: How Does it Work?
One of the most important elements of the open banking initiative are what are known as the open banking APIs. Short for “application programming interfaces”, APIs are the technology by which banks can share their financial data with the relevant third parties.
So, what does an API do exactly? They make it possible for one company’s software to access smoothly that of another company. For example, Uber’s interface works on maps obtained from the Google Maps API. Google, in turn, gets its weather data from IBM’s weather API. Every time you are asked to “Log in with Facebook”, the app you are using in turn uses Facebook’s login API to verify your identity.
The nine big UK banks have each been obliged to create these APIs. However, at Revolut, we have created one too. These make it easier for third-parties to access the data that we store – if you give permission – without you having to give these third-parties your login details.
Is It Safe?
There has been a lot of talk about the security of open banking. For example, allowing third-parties to access your financial data doesn’t naturally sound like a clever idea.
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However, open banking has been designed to be highly secure – and that’s precisely why it uses APIs. Rather than giving out your details and data, third-parties – who are authorised and regulated by the Financial Conduct Authority (FCA) – can access your data directly, thus cutting out a step at which your data might become vulnerable.
At the same time, there is absolutely no obligation for you to be using open banking at all. You need to give permission for third-parties to access your data – and you’ll need to keep giving permission every 90 days after that. This ensures that you are still happy with the provider’s service.
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Summary: What is Open Banking?
Open banking means that you will always be able to make use of novel ways of managing your money. Budgeting apps and other financial technologies are continually imagining new ways to make your life easier – yet, without open banking, you may never have had the opportunity to explore them.
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