Best Revolut Casinos
Transacting online is pretty much the norm nowadays. From e-commerce stores to online casinos, they all rely on fast, convenient, and secure payments. As a result, there are so many ways to transact online, including credit cards, e-wallets, bank transfers, cryptocurrencies and more.
Revolut is a young fintech player, founded in 2015, that is based out of London. Revolut holds a UK banking license and has been shaking up the vast world of online payments and digital banking.
Revolut, in its short history, has attracted over 35 million customers (as of October 2023) across the globe who use their mobile banking app to perform online payments, hold savings accounts and even make investments, like buying stocks and cryptocurrencies.
When it comes to online casinos, Revolut has been growing in popularity, not just by users but also by the number of casinos accepting Revolut.
In this review, we will take a closer look at Revolut when it comes to casinos and gambling online.
Pros and Cons of Revolut
Secure – There is no denying that being able to transact online securely is non-negotiable. In the case of Revolut, you can have complete peace of mind that everything from your personal information to transactions is secured and encrypted. Also, bear in mind that Revolut has a banking license which requires them to meet stringent security requirements.
Fast and Convenient – Revolut payments are easy to make and super-fast, with most transactions being processed almost instantly. Simplicity and speed mean you can start your gaming session quickly and conveniently.
Multi-Currency – Revolut supports over 70 currencies, and you can send and receive in 29+ currencies, plus you can convert and exchange currencies with super-low conversion fees. This saves you substantially compared to the exorbitant currency conversion fees charged by regular banks and credit card companies.
Cryptocurrencies – Within the Revolut app, you can buy, hold, sell and transfer cryptocurrencies. This is a huge plus if you choose to play at a crypto casino as you can then have a seamless experience and manage your crypto and fiat from a single wallet.
Free Transfers and Payments – Payments to and from Revolut accounts are free. Just be aware that there might be fees charged by the casino or currency conversion fees.
Mobile App – Available for Android and iOS, the user-friendly app lets you manage and track everything with your smartphone.
Physical and Virtual Cards – The physical card allows you to withdraw from ATMs globally. You can also create virtual payment cards with set limits that can be linked to Apple and Google Pay.
Budgeting Tools – To help you gamble responsibly, the App boasts budgeting tools and spend tracking so you’re always in control of your money.
Instant Cashout – Many online casinos that accept Revolut offer instant withdrawals (well, near-instant but still super quick), however, some casinos may take a few days to process.
Account Limits – Depending on which type of Revolut account you hold will determine the transaction limits. However, even the top ‘Ultra’ account has an ATM withdrawal limit of £2,000 per month. With the lower tiers, there are currency conversion limits, so be sure to pick a suitable option to match your gambling budget.
Monthly Fees – Unlike many e-wallets which have no monthly fees, Revolut does charge a monthly service fee. While there is a free account, the limits and benefits are very constricting. Fees range from £2,99 up to £45 per month for the Ultra package.
Limited Acceptance – While Revolut has grown at lightning speed, the number of casinos that accept Revolut has not grown as quickly. Be sure to check that the casino you choose does offer Revolut as a payment method, and make sure that they support deposits and withdrawals. Some casinos don’t offer withdrawals to Revolut.
How to Use Revolut
Using Revolut is super easy but before you make a deposit into your casino account, we recommend getting all the casino and Revolut account verification and KYC processes out of the way to avoid any delays with deposits and withdrawals.
With the housekeeping aside, we can focus on depositing:
- The first step is to ensure you have either your physical Revolut card on hand or a virtual card setup in the app.
- Then, log into your casino account and go to the cashier. Select the Revolut option and then enter the card number and the amount you want to deposit.
- Submit, and within a few moments, your casino balance should update. If your deposit does not show within an hour, then reach out to Revolut support.
Withdrawing from your casino account to Revolut is just as simple as depositing. However, make sure you’ve completed any wagering requirements and met any other conditions of the casino before trying to withdraw with Revolut.
When you are ready to withdraw:
- Go to the cashier and select the withdrawal option. You may or may not need to select Revolut as many casinos only process withdrawals back to the original funding source.
- Enter the amount you want to withdraw from your casino account to your Revolut account.
- Submit and wait for your money to arrive. Withdrawals are not necessarily instant, and it all depends on the casino and their processing times.
While we all want everything to be free, we know that is not a reality. Revolut does have various fees you should be aware of. As mentioned earlier, monthly fees depend on the type of account you have, with the top tier costing a whopping £45 per month.
Transferring and receiving payments to or from a Revolut account is free, which means when you deposit into your casino account, there are no Revolut fees. But the casino may charge some kind of fee. There are no additional currency conversion fees from Monday to Friday, however, there are increased fees on weekends. When buying or transferring cryptocurrencies, there are additional fees.
It is worth noting that there are other perks of a Revolut account that can offset the fees such as their cashback on accommodation, interest on savings, travel insurance, personal liability insurance, and more.
Is Revolut legit?
Yes. There is no doubt that Revolut is a serious contender with an excellent product and reputation. The fact that Revolut has a UK banking license is a further testament to its legitimacy. If you stick to the rules, you should have a smooth and enjoyable experience with Revolut.