revolut payment method

Revolut

Revolut is, as its name suggests, a revolutionary payment method. In practice, this is a combination of an electronic wallet with a Visa card . There is a physical version (so you can withdraw from an ATM and pay in stores), as well as a virtual version, which you can freely use for online payments. However, unlike regular payment cards and e-wallets, Revolut has one distinguishing advantage – it allows you to change currency without charging any commission and always at the rate of the International Bank!

Revoult casino

We have briefly described the most important advantages and principles of Revolut. It means that Revolut has much more to offer! How can revolut be used in a casino? In practice, you use it as a regular Visa card. To make a deposit, you also provide your card number, CVV code, first and last name. However, if you are playing at a casino that does not offer a SAN account, you can instantly convert $ spins to EUR without Commission! In practice, Revolut can be used at any casino that accepts Visa card payments, i.e. de facto everyone.

How does Revolut work?

Revolut is the account to which the card is connected. You can choose from 3 Revolut accounts: standard, Premium, and Metal. The standard account is completely free (you pay only a few dollars for making and sending a card to your home address, if you want one) . Revolut will provide you with a virtual card for free, which you can use when paying online. We will now describe the standard account in detail, as it is free of charge.

The Revolut card is connected to the phone application through which you make payments. Of course, for every time you pay bills or make purchases you have to be online. The application also allows you to exchange funds for other currencies, monitor the exchange rate, check the history of transactions and the balance on your account. With the help of the application, you can also withdraw funds (completely free of charge) from your account in South South Africa or abroad and transfer them to your Revolut account in an instant. All this in just a few seconds and at no extra cost!

How to make a casino deposit with Revolut?

As we have already mentioned, to make a deposit you go to the ‘deposits ' tab in the casino and choose a payment method, in this case a Visa card. Next, the process looks exactly the same as in the case of payment with any other card: you enter the card number, name, expiration date, and CVV code. You enter the amount you want to deposit and accept the payment.

This is a very simple and fast method, and yet it offers much more than a regular bank account. Making a deposit with Revolut is as easy as depositing with any other payment card or voucher. Nothing easier! The only thing you need to learn is to learn how to use the connected Tab app. However, it is also not difficult and all knowledge is absorbed in a very intuitive way. Proof of this is the number of customers using Revolut!

revolut couchers

Snandard Revolut Account

By registering a standard account with Revolut we get a UK current account, a free EUR IBAN account. Each Revolut account offers currency exchange at international exchange rates and free bank transfers in 24 currencies . All this without 0% commission! Revolut also guarantees free withdrawals from ATMs worldwide of up to EUR 200 or the equivalent in another currency.

Premium Account

The premium account is assigned a silver card. This one also offers free currency exchange, however, the limit of withdrawals from the ATM is twice as large (up to 400 euros or the equivalent in another currency). The cost of the Premium account is 7.99 EUR per month. Mmay also includes free health insurance abroad. The package includes medical assistance and visits to the dentist, compensation for delayed flights and luggage. This means that if you travel often, it is enough that you have Revolut and you do not have to buy additional travel insurance.

Konto Metal

The metal revolut account is equipped with a contactless metal card (made of steel, weighs only 18 g). This means that this card can not just be bought, because it is made of a very durable material. The Metal card has all the features of a Premium Card, plus it offers 1% cashback on the funds you spent paying with this card. It doesn't matter what currency you pay in. The offer applies to all 29 currencies supported by revolut, including cryptocurrencies.

Advantages and disadvantages of Revolut

pro Advantages
  • + Exchange rates of the International Bank
  • + Exchange of currencies at the best rate without Commission
  • + Quick and easy generation of extracts on the performed operations
  • + Ability to set daily limits, block cards with one click in the mobile application
  • + Virtual cards (free service)
  • + The ability to order payments that will be made periodically in a set period of time
  • + Payment from Revolut account to another Revolut account takes only 2 seconds
  • + Expenses are assigned to a given category. So you know how much you spend on entertainment and necessary purchases
  • + Sub-savings account: you can accumulate small amounts in the account and save money
cons Disadvantages
  • - A rather invasive account verification procedure consisting in sending our selfies and photos of documents.
  • - Limits on the amount you can withdraw at an ATM without charge
  • - Currency exchange on weekends may incur additional costs (usually in the form of 0.5% of the amount). This is how revolut hedges against exchange rate risk. The international currency exchange market does not work on weekends, so it will be better if you exchange funds for other currencies on weekdays.
  • - Not all ATMs accept Revolut card
  • - Revolut card payments are not accepted everywhere. It happens that payment can be rejected offline, for example, on board an airplane or highway.

Opinion and summary

Revolut do is an excellent solution for people who have accounts in many currencies and travel a lot. This was the rest of the idea of Revolut: to help those who do not stay permanently in one place and constantly move. For this reason, Revolut is ideal for people who often go on business trips, play in a casino that does not offer an account in South South Africana currency. Probably Revolut will also be an attractive option for VIP players who, due to their profession, conduct international transactions.

The biggest advantage of Revolut is the ability to exchange funds for another currency without any commission. Practically already standard account offers a service fully satisfying the average user. Without any charge, we can enjoy the basic features that this modern payment method offers. Revolut has been on the market since July 2015 and currently has 2 million customers!

Revolut is the work of two people who have devoted their entire careers to finance: Vlad Yatsenko and Nikolay Storonsky. The last of them had access to data on international transfers and became convinced that astronomical amounts in the form of commissions were charged on these transactions. This got him thinking and made him invent Revolut.

References (sources):

https://www.revolut.com/pl-SA

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