- More than 30 sports to place bets
- 24/7 Customer Service
- Reasonable number of lines to bet on football
- Interesting odds
- No app available
Thanks to the rapid-developing technologies, more and more electronic banks come up on the market. Compared to traditional banking systems, digital ones include plenty of advantages. Firstly, these benefit from increased interoperability. It means that you can withdraw your funds from any ATM (cash machine) with close-to-zero fees. Secondly, the processing time is usually inexistent, thanks to the fact that all the transferring systems are autonomous and are capable of verifying and approving transactions on their own.
Revolut is one of the most popular electronic banks available in many countries. This article will explain to you:
- Online bookies that accept Revolut
- Advantages / Disadvantages of using Revolut
- How safe is Revolut
- How to use
- Obtain a card
- Fees, Limits, and Processing Times
- Best Revolut betting sites
However, before we begin, we have to inform you that as it is, Revolut doesn’t support gambling. Early in April, 2020, the payment system discontinued support for many bookmakers. We have found a roundabout way to solve this problem, but the solution might not be available at your location.
The solution itself is relatively simple: our practice shows that you can bet at various betting sites by using Revolut debit card rather than the payment system itself. This way, you can deposit money into your account by the usual means, and then use the issued card to transfer some of the money to your betting account.
List of Revolut Betting Sites
Found: 2 bookmakers
Types of bets:
- Withdrawals: 65 methods / up to 15 min transactions (except for Visa, Mastercard)
- TOP 5 in industry by betting market variety
- Live broadcasts over 30,000 matches per month
- Football Jackpot available
- Many complaints on the web
This payment method comes along with a set of astonishing advantages compared to the traditional banking systems (physical ones). First and foremost, the interoperability achieved by using a digital banking provider breaks the barriers of distinct banks. You can now withdraw your funds from any ATM without paying an arm and a leg in fees.
Another great thing about Revolut is that it allows its users to exchange currency within seconds and benefit from a great exchange rate. Sometimes (and depending on the currency you are planning on exchanging), the exchange rate is even better than the one from the bank.
Starting from 14 April 2020, UK gamblers (both online and offline) are restricted from using Revolut to pay for gambling services. Therefore, all the bookmakers accepting Revolut were prompted to remove it from their available payment methods list. This action is part of the Government’s Review of Gaming Machines and Social Responsibility Measures. To learn more about these restrictions, we suggest you take a look at the relevant Revolut blog post from April 10, 2020. Since there are no options for direct use of Revolut for betting, we can only recommend you to employ it to deposit money to other e-wallets.
Another important disadvantage is that plenty of middle-aged adults believe that this method lacks credibility. Therefore, the number of users is not as high as it could be, taking into account the amazing advantages of this system. Many traditional banks created a new set of applicable fees and commissions to discourage their users from switching to Revolut as their primary banking services provider.
- Increased security
- Smaller fees
- Close-to-zero processing time
- Virtual cards available
- Can't be directly used for gambling
In general, Revolut users benefit from small fees and shorter processing times. Employing it to transfer funds to your other accounts should prove to be a fast and comfortable experience.
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In conclusion, Revolut is not the best payment method to use for online gambling due to the restrictions. However, you can always use it to top-up other payment systems. And besides gambling, you can use your Revolut card to pay for goods and services at any store that accepts card payment. The associated fees and processing times are smaller compared to traditional banks. Its coverage is similar to the one offered by major card issuers (MasterCard and Visa).
Despite the general impression, Revolut is a completely safe payment method. Your transactions are secured and all the information you fill on the website is kept safe using their encryption protocols (SSL, HTTPS, 256-bits encryption). The mobile app offered by Revolut allows you to manage the funds in your account and your payments even when you are on-the-go. This way, you will be able to determine whether a transaction was misprocessed or you paid more than you expected.