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Revolut is a relatively new payment method. However, it managed to expand its reach throughout the world. With more and more Revolut users, online casino operators realized that they should display Revolut’s logo on their cashier pages. Some of the most notable online casino brands accepting payments by Revolut include 888casino and PlayOJO. Backed up by casino brands with such a reputation, Revolut deposits and withdrawals are becoming a standard. So, stay tuned as we’ll regularly update the list of Revolut online casinos we’re handpicking for you.
First time depositors only. Min. deposit €10. Maximum amount of Free Spins is 50. No wagering. Game: Book of Dead - Spin Value: €0.10 per spin. All games are subject to availability. OJO's Reward and Game Play Policy Applies.
Company Name:
Revolut
Headquarters:
London, UK
Established:
2015
Revolut is a UK-based fintech company founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. The story behind Revolut is, actually, quite inspiring. Nikolay Storonsky was traveling a lot and was annoyed by the high conversion rates and transaction fees. He hated that he was throwing away so much money for nothing. So, he decided to create a multi-currency payment platform that would allow travelers to make cheap conversions. Both Storonsky and Vlad Yatsenko had a substantial financial background. Nikolay Storonsky was a trader at Credit Suisse and Lehman Brothers, while Yatsenko was a former developer at Deutsche Bank and Credit Suisse. Having such enviable fintech experience, the two launched the start-up at the Level39 fintech incubator in London.
In 2018, the company got a Challenger bank license from the European Central Bank, facilitated by the Bank of Lithuania. Soon after, Revolut also obtained an Electronic Money Institution license from the Bank of Lithuania. These certificates paved the way toward global success. In 2019, Revolut announced the company’s expansion into Singapore and Australia and a global deal with Visa. In 2020, Revolut also announced it adheres to the EU’s PSD2 Open Banking regulation allowing users to connect all their accounts in one place. The same year, Revolut signed a partnership deal with Mastercard to offer debit cards to the US market and launched the service in Japan.
At the beginning of 2021, the company applied for a UK banking license. In March same year, Revolut submitted its application for the US banking license with Federal Deposit Insurance Corporation (FDIC) and California’s Department of Financial Protections and Innovation. Revolut aims at launching its payments and banking services across all 50 US states.
Revolut offers its financial products to more than 15 million clients in 35+ countries in Europe, Asia Pacific, and the Americas. The fintech also says it processes more than 100 million transactions a month. The primary target market is Europe. You can make payments with Revolut in the UK, Germany, France, Finland, Greece, Italy, Norway, Sweden, and other EU countries. In the Asia Pacific, Revolut is present in Singapore, Japan, and Australia. Hopefully, Revolut will soon become available in the US too.
As we’ve mentioned earlier, Revolut features an extensive portfolio of financial services. Revolut products include debit, virtual, and single-use Visa and Mastercard cards, money transfers, mobile payments, cryptocurrency exchange services, and many more. The company even rewards you for paying with Revolut.
To start using Revolut, you need to download the app and set up an account. To do so, you only need to provide your mobile phone number. You can install the app from a link sent to you in an SMS. Revolut has several plans you can use. The Standard plan is free, but Plus, Premium, and Metal accounts have monthly maintenance fees. These plans offer more functionalities, higher account limits, access to airport lounges, and many more. The Plus plan costs £2.99 a month, Premium has a £6.99 fee, and for Metal, you’ll pay £12.99 each month.
With each plan, you receive a free UK account and a free Euro IBAN account with GBP or EUR as a primary currency. The currency will, of course, depend on your country of residence. Since the service supports some 30 local currencies, you can easily convert the funds using the interbank exchange rates. To top up the account from the bank account, you’ll need to verify the identity. The process is a standard KYC procedure that requires you to send a scanned ID via the app. Once the service confirms your identity, you can start using it.
Finally, you can order a physical card or use a virtual and one-time card. The physical cards are Visa and Mastercard-branded contactless debit cards you can use for online transactions and to withdraw money from the ATMs.
After learning the basics of Revolut, it is time to start using it as a deposit and withdrawal method at online casinos. Revolut deposits are similar to any other debit card deposit procedure. Log in to your casino account and navigate to the deposit section. Select Revolut, type in the amount, enter the card number and CVC code. Confirm transaction. Easy.
Withdrawals are just the same. Go to the withdrawal page, pick Revolut, enter the amount you want to cash out, and request payment. That’s it.
Online casino players prefer to use payment methods that allow both deposits and withdrawals. The reason for picking two-way payment methods is simplicity. Depositing and cashing out the same way saves time and money. So, the answer to the question is yes. You will be able to withdraw with Revolut.
Still, just in case, before you top up the casino balance, visit the casino’s banking page to make sure it offers Revolut withdrawal services. But, generally, you shouldn’t have any issue transferring funds from the casino balance to your bank account using Revolut.
Revolut deposits are processed in a flash. As soon as you confirm the payment, it lands in your casino balance. It means you can claim some attractive bonus to boost the balance and look for your favorite casino game to start wagering straight away.
Withdrawing funds with Revolut is fast, but not as fast as deposits. Online casinos have predefined pending time necessary for their financial team to process the request. The timeframe for cashing out winnings with Revolut usually lasts one business day. But, you may end up waiting a bit longer. The time needed for the transaction to be fully processed also depends on the card you used and the country you live in.
In some cases, you’ll wait 3-5 working days to see the funds in your account. Check out the withdrawal page, as casinos display processing time next to each payment method, and Read the casino’s Terms & Conditions. Especially the fine print.
Speaking of fees, if you opted for a Standard account, the service is free. There are no fees for payments within the SEPA (Single Euro Payments Area). However, if you upload money using bank cards not issued in the EEA (European Economic Area), for example, a US-based card, Revolut will deduct a small fee. Withdrawals from the ATMs up to £200 a month are not charged. For higher amounts, you’ll pay a 2% fee. The currency exchange fee for transactions exceeding £1,000 is 0.5% a month. Keep in mind that Revolut also applies a fixed weekend exchange rate of 1%.
Revolut supports payments in almost 30 currencies, including EUR, GBP, USD, AUD, CAD, CHF, DKK, JPY, MXN, NOK, NZD, RUB, SEK, THB, and TRY.
The company has in-app 24/7 live customer support. You can also call them directly if you wish to obtain more information. The phone number +442033228352 offers recorded information, and it doesn’t make any outgoing calls. Email support becomes available only after you’ve communicated with the support team within the app. If you wish to learn more, check out the well-organized Revolut’s help page offering answers to various personal or business-related Revolut services.
Tired of confusing exchange rates that vary from one payment service to another? Checking the fees to find the most favorable one? Yes, this can cause frustrations and make you throw away sizable amounts of money for nothing. The same frustration inspired Nikolay Storonsky, founder and the CEO of Revolut, to create an innovative payment solution that will save travelers tons of money when paying abroad.
Revolut is an instant digital payment method that supports over 30 different currencies. It allows you to make instant deposits and fast withdrawals, which is very important for online casino players. Being present in more than 35 countries and serving 15+ million users, Revolut is among the leading digital payment alternatives to traditional banking. The software company is gaining a strong foothold in various markets, including the US. So, if you reside in the EU region and wish to pay in local currency, Revolut may be the best solution for you. Revolut offers lower conversion fees used by the banks. It means that you’ll spend less if you need to use a currency exchange service.
Also, Revolut offers its services in many iGaming regulated markets. So, you probably won’t have much trouble finding a reputable online casino accepting Revolut deposits and allowing Revolut withdrawals. Or, just check out our list of trustworthy online casino brands Casino Bloke compiled for you.
