Revolut is barely a young company with a short history compared to some competitors. However, its status has been high for the few years the company has existed, with its services receiving a good reception across many countries. The company debuted with its focus being to ensure it revolutionalized P2P, B2B, and B2G payments. Users would enjoy seamless bank transfers, and what’s more, the provider ensured all its payments were instant, with fees eliminated. Today, the payment method has covered loads of milestones and has raked impressive numbers over time.
For a start, the provider has 15M+ registered customers in addition to 500k business customers that include online casinos. This, by far, is a mark of a well-established provider. In addition, Revolut is available in 35+ countries, including those from the European Economic Area (EEA), the US, Canada, Australia, and Switzerland. And from the vast list of countries, Revolut supports multiple currencies, in the range of thirty (30), in its app. The currencies include GBP, EUR, USD, CAD, and AUD. Revolut transactional volumes have also been rising steadily over the years, with 100M+ transactions carried out monthly. Read More
As stated, online casinos have been among the provider’s business customers and have contributed massively to the figures posted on the transactional volumes. Every operator and player has a reason they prefer the method, but some reasons are common. They include the following:
The reasons above explain why Revolut’s popularity with players keeps rising. Unfortunately, there is no verifiable data on the number of casinos partnering with Revolut. However, players can expect them in hundreds since the provider operates in countries with high gambling activities and operates in casinos accepting Visa/MasterCard payments. It gets better with cryptos since the payment method allows users to buy, sell, and send cryptos such as Bitcoin, Ether, and Litecoin via Revolut.
Revolut launched its services in 2015 in Canary Wharf, London, UK. The company was a brainchild of founders Nik Storonsky and Vlad Yatsenko. The idea behind its launch was to ease the frustration that came about with the traditional banks taking too long to process payments, place high fees, and were not digital-friendly. Revolut would offer a more digital approach and ease the transaction periods with little to no fees charged. It took the module of e-wallets where players would download a mobile application, create an account, and link their debit/credit card for transactions. Users would also receive Revolut cards to transact with merchants such as online shops, stores, and gambling sites across Europe and other countries.
In 2016, the company had a customer base of 100,000, pointing to a fast-rising Fintech company. In 2017, the provider accomplished two more milestones. The first was launching crypto trading, where its customers would buy and sell crypto coins. Secondly, it launched Revolut business, allowing customers to exchange and transfer money at market-leading rates. In 2018, the provider would launch Revolut Metal, offering its customers unlimited free money transfers and cashback. Also, in the same year, Revolut acquired a European banking license. The following year, the payment method expanded its services to other countries, including Australia and Singapore. In 2020, the payment provider would expand its reach to the US and have open banking enabled to allow users to connect all external accounts in one place.
Its reasons for growth are down to the continued innovation and services launch experienced over the years. The provider has also expanded its market reach with more countries brought into the fold. And the digital aspect introduced by Revolut is another aspect that has received a warm reception among players. By 2015, Revolut’s launch year, the provider faced competition from other like-minded alternatives such as PayPal, Skrill, and Neteller. With only 100,000 customers in 2016 and at 15M+ customers in 2021, one notices the immense growth over the years, and where the company stands today is miles ahead from what it was five years ago.
As stated, online casinos are some of the merchants Revolut partners with, and players can readily use the payment method to deposit and withdraw funds, provided they hold accounts with the provider. The highlight is that the provider is simply a regular Visa/MasterCard and allows withdrawals via ATMs. It also means that while the Revolut logo might lack on some casinos, players can still transact with the option if the operator offers Visa/MasterCard.
The quick transactions stand as one of the major aspects for Revolut. And with the method using an e-wallet module, players opting to use Revolut will have to create an account with the provider. The first step is downloading the application from Google Play Store or the App Store and creating a free account with Revolut. However, there are plans that a player can choose while creating an account, with some charging some fees. The fees will be as follows:
Each package offers better deals than the preceding one, ranging from interest rates, interest boosts, customers’ cashback, and fees. To fund the account, players must link their Visa/MasterCard cards with their e-wallet account to transfer funds from their bank accounts. Players should also keep transactions within limits set out by the operator when depositing. A tip is that most casinos have their minimum deposit between £10 and £20.
The deposit process is simple and will be as follows:
Revolut also allows withdrawals and is yet another best point about the payment method. However, as is the case with withdrawals, players should meet several requirements before transacting. For starters, the general rule of online casinos is that players should withdraw via the same option they used to deposit. Therefore, a player who makes a Revolut deposit should not withdraw through other options such as PayPal, Neteller, MuchBetter, Sofort, Klarna, etc. However, in some rare cases, the option used to deposit may miss while withdrawing. In such a case, a player can withdraw via another alternative. Secondly, players should verify their accounts before withdrawing. Verifying accounts is vital in completing KYC checks and limits cases of fraud and money laundering in casinos.
Like deposits, players should check with their operators on the withdrawal limits before transacting. However, most casinos have minimum withdrawal limits at £10 or £20 with maximum withdrawal limits from £5,000 to £10,000. On the charges, Revolut applies a small fee of 2% for withdrawals above £200.
The withdrawal process will be simple and is as follows:
Withdrawal speeds depend on the timeframe the casinos take to process withdrawal requests. There is no standard timeframe, but most take 24-48 hours. After that, they release funds, and it will take another 3-5 working days to have the funds credited to their accounts.
With plentiful casinos accepting Revolut or Visa/MasterCard, players can expect a hub of bonuses to claim with their deposits. Unlike some e-wallet options such as Neteller and Skrill that have their deposits rendered ineligible to claim bonuses on some casinos, Revolut deposits are eligible for bonuses on most, if not all, casinos. While finding a special Revolut bonus is rare, there are loads of match bonuses to claim once the player makes a qualifying deposit. One can claim either of the following at a Revolut casino:
While claiming the bonuses, players should read through the terms and conditions under each to enjoy the bonuses to totality. One essential condition to adhere to are the wagering requirements that specify the number of times to play the bonus to transfer winnings from bonus balance to cash balance for withdrawal. If the bonus is £120 and the wagering requirements are 35x, the player must wager (120 x 35 = £4,200).
Like the plentiful bonuses, many casinos accept the payment method. Therefore, players have a pool of options to choose from when looking for their preferred casino. While bonuses & promos, payment options, mobile casino, user interface, and customer service are essential, the game portfolio is vital to avid gamblers. Players at Revolut casinos can put their skills and strategies on the following game types:
The payment option offers 24/7 customer service to its customers. You can contact the team via various options, including: