Wondering what the benefits and drawbacks of using Revolut betting sites are? Our extensive review of this payment method will show you how it works, how to sign up, and how it compares to other payment methods.
Our team of online gambling experts conducted hours of research on Revolut to bring you this all-in-one guide detailing everything you need to know before choosing it as a gambling site payment method. Let’s dig in and see how Revolut measures up against the competition.
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Making a payment with Revolut – Fast, easy, and secure
Whether you’re playing at a Revolut casino or another kind of betting site, the first thing you’ll need to do is make a deposit. Remember that every betting and gambling site has slight differences in the signup process, but as a general rule, it will always work something like the following.
Select one of our approved gambling sites
It’s worth spending some time to find the right Revolut casino sites. While many new players jump in as soon as they see an enticing welcome bonus, our experience tells us that this can be a mistake; there’s more to gambling sites than just the bonus. Take some time to read through our reviews of betting sites that accept Revolut. We cover everything from terms of use to withdrawal times and customer support. By doing this, you’ll get a more rounded picture of each site before making a decision, and you’ll be much more likely to find a gambling site you’re satisfied with and can play at for the long run.
Pass KYC and select Revolut as a deposit method
All legitimate gambling sites will ask you to complete a process to verify your identity. This is done for several reasons, including protecting underage gamblers and complying with Anti-Money Laundering and Know Your Customer regulations. You’ll usually be asked to forward a form of government-issued identification and a recent document as proof of address. Something like a driver’s licence or passport as well as a recent bank statement sent to your current address satisfies most operators.
Depending on the site in question, this process could be complete within minutes, or it could take up to 24 hours. Most of them get the verification done quickly as they’re keen to get you cleared to bet. Once it’s done, you’ll be able to make your first deposit and place wagers, play games, or do whatever else the site offers.
Complete the Revolut signup process
Unless you already have a verified Revolut wallet, there’ll be a signup process involved with it, too. We’ll explain how that works in a dedicated section below. As you’ll see, Revolut has made this as simple and hassle-free as possible. That’s one of the many reasons the Revolut app has become so popular in recent times; everything about it is just simpler.
Make your first Revolut gambling transactions
Once the signup process is complete for both your preferred betting site and your Revolut wallet, it’s time to make a deposit. Make sure you’ve loaded funds into your Revolut wallet, then select Revolut as your chosen payment method in the gambling site cashier section and enter your card number.
Revolut debit cards are issued by Visa or Mastercard, so it’s easy enough to simply select one of those as your chosen payment method and deposit as if you are using an everyday bank card. Remember that Revolut offers both physical cards and virtual cards. It’s much easier to get a virtual card issued on the spot rather than waiting for your physical card to be delivered.
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Withdrawal and deposits with Revolut: average time scales and how they compare
Depositing with Revolut virtual cards is essentially the same as depositing with any other kind of bank card; deposits are instant, and withdrawals can take between three and five business days. That’s standard, and you’ll also have to account for the payment processing times of the gambling site as well. For example, if a betting site takes 48 hours to process withdrawals, it could take seven business days in total for you to get your winnings.
As far as deposits go, this banking method is just as good as any other banking method. Almost all deposit methods are instant, and Revolut deposits certainly are. However, when it comes to withdrawals, payment methods like PayPal and other e-wallets are faster. Typically, you’ll get your money the same day the betting site processes the payout when you use popular e-wallets, whereas Revolut withdrawals can take three to five business days.
If you use Revolut and haven’t received your funds in five business days, contact the customer support team and ask them to confirm the status of your payment. We’ve reviewed many different gambling sites, and these days, they shouldn’t be taking any more than 48 hours to verify and process your winnings. Always follow up to make sure your withdrawal is being processed.
Depositing and withdrawing with Revolut – A step-by-step guide
For the sake of clarity, we’ve provided this step-by-step guide on how to deposit and withdraw with Revolut. As you’ll see, it works just like it would with any other bank card.
Depositing – Just like a card
Note down your Revolut virtual or physical card number and details like the expiry date and CVV. You’ll need these details when you make a deposit.
Log into your chosen betting site and navigate to the banking/cashier section. You’ll see all of the different payment methods. You can choose either Revolut or Visa/Mastercard.
Enter your 16-digit card number and the other details, along with the amount you want to deposit. Make sure to deposit at least the minimum amount required by the gambling site.
Your deposit will be deducted from your Revolut wallet instantly. You’ll see the debit for the amount you deposited in your app, and it will soon show up in Revolut’s excellent financial analytics.
Withdrawing – Use the same payment method
Legit gambling sites will usually require you to use the same payment method to withdraw as you deposited with. That’s for Anti-Money Laundering compliance.
Select your Revolut card as your chosen withdrawal method. If you made a deposit using your Revolut card, the details should be already saved in your account.
Enter the amount you wish to withdraw and confirm it. Once this process is complete, you’ll get your funds within 3-5 business days.
Revolut verification requirements – Simple and straightforward
Revolut has made it super easy to sign up and verify accounts. Follow these steps to get started.
Download the Revolut app. Make sure you use a trusted source such as Google Play or the Apple Store.
Open the app, enter a valid phone number, and create a four-digit passcode.
Revolut then sends an SMS with a six-digit PIN. Enter it to proceed with the verification.
Enter the personal details Revolut asks for, such as name, address, email, etc.
Review and agree to the cardholder agreement presented.
Sign in, go to the home screen, select the profile icon, and submit the necessary documents. This will include a recent photo and a picture of a valid government-issued ID such as a driver’s licence or passport.
A notification will appear when the verification process is complete.
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The history of Revolut – A fintech success story
Revolut is a British fintech company that first launched back in 2015. It’s based in London and was founded by Nikolay Storonsky and Vlad Yatsenko.
While it started as a scrappy startup run by a couple of friends with a dream, these days, Revolut is a giant success story; it has over 5,000 staff members, and as of July 2021, it was worth an estimated $33 billion, making it the UK’s most valuable tech startup as of that time.
Revolut takes on the banks
Since the early days, Revolut has successfully obtained a Challenger Banking License from the European Central Bank (2018), launched a commission-free stock trading service (2019), and launched a global deal with Visa (also 2019). In 2020, it launched in the USA and Japan.
Revolut then for both UK and US banking licences in 2021. In 2022, it launched as a bank in several European countries such as Belgium, Denmark, Germany, Sweden, Spain, and several others.
Revolut, the Fintech giant
As this short history shows, Revolut is now a massive company, and it’s completely legit and safe. There’s always an understandable apprehension when using payment apps, especially if you’re unfamiliar with them, but Revolut’s rapid acceptance and meteoric success would never have been possible if it was anything less than 100% legit and safe.
Revolut compared to other providers – Why has Revolut grown so rapidly?
If you read the history of Revolut above, you might wonder what it is about this payment method that makes it so special. Why has this wallet, started in 2015, grown so rapidly that it became the UK’s most valuable tech startup several years back? As it turns out, while there are some downsides to using Revolut, it really does offer a better deal than many of its competitors. Here’s a head-to-head breakdown of Revolut vs some other popular payment methods.
Revolut vs PayPal
Both payment methods offer fast, fee-free deposits and withdrawals. However, when it comes to withdrawals, PayPal is faster. Revolut cards are treated as any other, and withdrawals can take 3-5 business days, whereas PayPal withdrawals are basically instant. Likewise, if you’re a UK player, you can use
PayPal online casinos, but you can no longer use Revolut.
Revolut vs Paysafecard
Paysafecard is a popular voucher system that gamblers use to fund their casino accounts with credit quickly and easily. With Paysafecard, you buy vouchers at local stores or online and enter the codes to credit your account. This is a safe and private way to make gambling payments online. Does Revolut have any advantages over Paysafecard? Yes, Paysafecard has specific limits (the value of the voucher), after which you’ll need to buy another one. If you lose the voucher, it’s like losing cash, and you can’t withdraw using Paysafecard.
Revolut vs Bank Transfers
There’s no doubt that bank transfers are one of the safest and most secure ways to make deposits and withdrawals online. As well as full traceability, bank transfers offer all the security of, well, banks. However, some players don’t want gambling transactions on their bank statements and prefer to use apps like Revolut for that reason. When it comes to withdrawals at the
best UK real money casinos, bank transfers are faster as long as the casino you’re playing at isn’t based overseas. It’s not unusual for withdrawals by bank transfer to arrive the same day the gambling site approves them.
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Three essential facts about using Revolut gambling sites – Things to keep in mind
UK players can’t use Revolut at online casinos
UK players can no longer use Revolut to make deposits and withdrawals at online gambling sites. A Revolut blog post from April 2020 outlines why. It’s due to new rules brought in by the UK Gambling Commission that prohibit gambling operators from accepting payments via credit card or payments made by credit cards via e-wallets.
Revolut is free to use
Revolut is free to use at the standard level, and if you choose to get a Revolut physical card, the first one is free (£5 for replacements); you’ll only pay the postage on it. Revolut virtual cards are always free, so it’s better to use those. Like all virtual cards, you can have more than one of them for maximum flexibility and privacy.
You can track your spending easily
Revolut makes it super easy to keep track of your spending, which is something crucial for every gambler. You can request financial statements, which are generated in the app, and there are in-app analytics tools that help you keep track of what you spent, when, and with what merchants. This is one of the best things about Revolut.
Conclusion – Is Revolut a good option for making gambling payments?
Revolut is a great online payment method with various plus sides going for it. There’s a reason why it has risen so quickly to become one of the most popular online payment methods in the world.
However, you need to remember that it’s no longer possible for UK gamblers to use it to make online deposits and withdrawals. Players from elsewhere will still be able to, and it’s still worth checking out some of our approved Revolut casinos; many of them accept other payment methods similar to Revolut, such as virtual cards and e-wallets.
In short, Revolut is a great choice as an online gambling payment method as long as you’re not from the United Kingdom. UK players will need to choose another payment method for betting online.
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Revolut Betting FAQ
⁉️ Which betting sites accept Revolut?
There are lots of Revolut-friendly betting sites online. While there are some restrictions depending on where you’re from, the number of gambling sites accepting Revolut is only increasing as the app gains popularity. We have a list of such sites inside. Click through to check it out.
🎰 Can you use Revolut for gambling?
It depends on where you’re from. Revolut can be used to make online purchases of many different kinds, including online gambling payments. However, some countries, such as the UK, recently brought in new rules about this. We’ve got the full lowdown on the current rules here – we’ll even share which of the
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🔒 Is Revolut a safe payment method?
Revolut has had an incredibly rapid rise. It only launched back in 2015, and it’s already challenging banks and traditional financial companies and launching partnerships with giants like Visa. We’ve got the full history of Revolut to help you deceive if it’s legit and to show you the sort of standards it adheres to.
⚖️ Is Revolut FCA regulated?
Revolut has several licences to operate from multiple government authorities. It’s in the process of applying for banking licences and charters in major countries like the UK and the USA. You can find out exactly what licences Revolut has and what regulators it answers to inside.
⛔ Is the Revolut gambling block real?
It’s only real for players from one specific country. Thanks to regulations brought in by the regulator of that country in 2020, it’s no longer possible to make gambling-related transactions using Revolut. Find out who can and can’t use Revolut for gambling online here.
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