Yes, your account with Revolut is free. For a standard account, you will be asked to pay the shipping fee when your Revolut credit card is delivered.
Revolut
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Revolut is one of the online payment methods that you can use to transfer your funds from a standard bank account or credit card either by using your account and logging into a web browser on your PC or phone, or directly in the mobile app that Revolut has. Revolut will also allow you to deposit to an online casino with supported partners. You can find out how this method works, which casinos it is available at, what bonuses await you when you deposit with Revolut and what awaits you when you use Revolut in the article dedicated to this payment method.
Bonuses at online casinos when depositing with Revolut:
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Revolut can be placed alongside platforms such as Paypal, Skrill, Neteller and other payment methods. It is, as mentioned at the beginning, a payment method that allows you to move part of your finances. Like other payment methods, Revolut offers a portion of anonymity, the main purpose of which is to protect your data. Your information regarding your payment details (card, your account) will remain hidden and you don’t have to worry about losing your data or even having your funds stolen when moving money to your desired account. In recent years, Revolut has also gone the route of banking itself. It has created a newly built concept called Revolut Bank. It aims to get closer to the banking sector. You will find services from Revolut Bank that fall within the portfolio of offerings from world-class banks. These include services such as savings account or insurance.
How does Revolut work?
The Revolut payment platform differs in principle from a standard bank account. You can log in and open an account via the web, but the platform itself encourages you to work with their app, where all your account management is directed. You can install the app from your mobile phone from the various stores that smartphone operating systems offer. In the case of Android you can use Google Play, for the Apple system you will need to visit the App Store where the apps are available for purchase. You also have the option of having a credit card with your payment account. Apart from the fact that you can use Revolut payments to make casino deposits, the platform offers other features that might come in handy. For example, you can easily invest in securities, stocks or cryptocurrencies. Another feature that Revolut likes to highlight is offering the best rates in interbank rates. Of course, paying and withdrawing without fees is a feature of this platform, but only up to a set limit. The limit is based on your account level.
Fees associated with the payment method
Payment methods or online wallets, like banks, charge their customers various fees because these fees bring them profit. Compared to other online wallets, Revolut has a free account and does not pay nonsensical fees for inactivity, as is the case with PayPal, for example, which has been newly introduced for a couple of years. The big advantage is that Revolut does not charge any fees for common transactions. One fee we’d recommend you pay attention to is the weekend transfer fee. Weekend transfers will cost you 1% of the amount transferred compared to weekday ones. Exchanging funds over the set limit, Revolut has a fee of 0.5% of the amount. ATM withdrawals over the limit are charged 2%.
The main advantages and disadvantages of Revolut
Here you will find an overview of the advantages and disadvantages that we have taken the liberty to highlight with Revolut. There are not many fees at Revolut, we consider some of the steps Revolut has taken as pros and others as cons. Compared to other payment methods, it performs well.
- Account management is completely free of charge
- Offers a mobile app
- Savings of 3-5% on foreign transactions compared to banks
- Small number of casinos available where you can make a deposit
- Weekend transactions are subject to a fee. A fee of 1% of the amount transferred is charged for each payment.
- If the limit is exceeded, there is a fee for withdrawing or moving money. Limits are set by account type (standard, plus, premium, metal)
How to open an account with Revolut
It takes a few minutes to set up your new account with a payment method. It is a simple process comparable to other methods. If you’ve set up an account with other platforms, you can certainly do it with Revolut. The basics are to provide your personal and contact details, add your email address, phone number and choose a strong enough password. Choose your password carefully, after all, this is a service where you’ll be handling your finances in a certain way, so a stronger password will keep your account safe. If you haven’t set up an account with a payment method before or would like to follow the steps, we’ve put together a step-by-step guide to setting up an account.
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Sign up
You can register by downloading the app or via the Revolut website.
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Download the app
But the company will still prompt you to download the app with a QR code or by entering your number, which will then be texted to you.
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Pick up the phone
When you turn on the app, enter your phone number.
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Enter data
Then enter your personal and contact details
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Verify payment
Verification payment is now waiting for you
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Verify identity
The last stage of account creation is to verify your identity. This is done by taking a photo of your ID together with a selfie photo.
Other ways to deposit and withdraw to online casinos
It’s not just with Revolut that you can deposit and withdraw money at online casinos. There are plenty of other casino payment methods to help you reach your winnings or any of the casino bonuses. Here are the other methods:
- Payment cards
- Bank transfer
- SMS deposit
- Deposit at a branch
- Apple pay
- Skrill
- Neteller
- Paysafecard
- Google Pay
- PayPal
- Revolut
FAQ – Frequently asked questions about Revolut payment method
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1️⃣ Does Revolut offer fee-free account management?
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2️⃣ Can I use Revolut to deposit into an online casino?
I’m sure you can. While Revolut is not one of the most widely used methods when it comes to working with online casinos, there are some select casinos that do. Our partner casinos include, for example, the Betano casino.
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3️⃣ Does Revolut have any paid features?
Yes, the paid versions include a premium account option. It has advantages over the standard account. You can read these benefits on the Revolut payment platform website.
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4️⃣ Can I use the app to manage my account?
The mobile app is a matter of course for the Revolut platform. It encourages users to manage their accounts through the app.
Content author
Marek Otava
Developer
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