Online Casinos Accepting Revolut
Revolut is a one-of-a-kind payment provider that is now available in South Africa. The system was founded by Nik Storonsky and Vlad Yatensko, the former was a trader by profession and was tired of all the fees his overseas transactions were subject to. In order to facilitate a more inexpensive way to make payments and receive payments across international borders, he and his partner started Revolut.
The then start-up company was able to raise $15m in their series A funding and reached 100,000 personal customers in 2016. In 2017, Revolut launched Revolut Business, Revolut Premium and Crypto Trading features. 2018 marked the launch of Revolut metal as well as the approval of their banking license by the Bank of Lithuania. As of today, more than 15 million people across the globe now use Revolut. The payment provider handles more than 150 million transactions on a monthly basis.
Revolut accounts and the monies in them are protected by law and under FCA regulation. Revolut makes use of award-winning bespoke security systems to further safeguard its customers.
The Benefits of Using Revolut
When it comes to online casino gaming where real money is at stake, banking has always been a bit of a pain point for users. In fact, many players steer clear of online casino gaming simply because they don’t feel safe making payments and receiving payments over the internet.
In recent years, casinos have onboarded a multitude of banking options to make things easier for members. Credit cards, e-wallets, pre-paid cards, vouchers, bank transfers, cryptocurrencies and some casinos even offer InstantEFT for their South African patrons. Most of these payment options have both pros and cons.
Revolut, on the other hand, has made a huge impact in the iGaming sector right away. It eradicates all the traditional concerns and issues associated with online casino transactions. There are many reasons why Revolut is one of the most superior banking solutions in an online gambling environment, lets’s consider some of the benefits of using Revolut:
💰 To begin with, Revolut is a multi-currency card/account. A Revolut account holder can pay and receive payments in various currencies without having to bear any extra currency exchange fees. All Revolut currency exchanges are made at nominal intra-bank fees, with no surcharges whatsoever. Therefore, a South African player can make a ZAR deposit at an online casino instantly and without any processing or conversion fees.
🎯 Making a payment with Revolut at an online casino is extremely easy. The process is virtually the same as how you would make a deposit with any credit or debit card.
👝 Players keen on highly secure and anonymous transactions can use disposable one-time Revolut virtual cards. When a Revolut card is charged by any merchant, the cardholder immediately gets notified about the charge via instant app notifications.
These are just a few benefits of Revolut associated specifically with online casino gaming. Apart from these advantages, there are many other beneficial features of using Revolut in general. For example – you can use your Revolut account and app to trade stocks, buy and sell crypto assets, buy and sell gold and silver, manage your budgeting, track your expenses, earn interest of savings, send and receive money around the globe instantly and even book your travel and lodging with discounted offers.
How to Start Playing with Revolut
If you don’t have a Revolut account, worry not. Signing up for one is a cakewalk and the standard Revolut plan is completely free as well. Currently, there are four Revolut plans – Standard, Plus, Premium and Metal. For details of what features and benefits each plan have to offer, you can visit the Revolut website and choose the plan that suits your requirements and budget. For casino gaming, a standard plan (which is free) will serve the purpose.
Once on the Revolut website, you can sign up for a Standard plan by clicking on the ‘Get a free account’ button which is right on their home page. You will be asked for your phone number, name and other details. The registration process only takes a couple of minutes.
After you’ve registered, you can immediately get a Revolut virtual card. You can add money to your Revolut account using any credit/debit card or through a slew of other online payment options. The virtual card will have a card number, expiration date, security code, and other attributes just like any bank card typically would.
You can use these attributes and make online payments instantly, be it at your favourite online casino or elsewhere.
Some players prefer a tangible Revolut card that they can touch and feel. If you are in the same boat, you can apply for a physical card at a nominal rate and it will be shipped to your shipping address in just a few days.
Withdrawals using Revolut
To withdraw your online casino winnings or balance, you can use your Revolut card just like you would use any credit or debit card.
Since Revolut withdrawals work on an Original Credit Transfer basis, withdrawals are only allowed once you have made at least one payment using the Revolut card at the same online casino. This way, the casino operator can route your withdrawal to your Revolut account without asking you for any sensitive banking details such as your card number, account number, etc.
Once approved by the casino, a Revolut withdrawal usually takes around 3-6 business days for processing. Deposits, however, are processed instantly.
To place a Revolut withdrawal request, you can follow these guidelines:
- Log in to your casino account and make sure you have a sufficient real money balance that you can withdraw
- Go to the cashier page and choose the withdrawal option
- Enter your withdrawal amount and choose your Revolut card from the list of withdrawals options available, if you don’t find your Revolut card listed, it may indicate that you have not yet made a deposit at this casino using your Revolut card and so withdrawals to the card are not activated yet
- Submit the withdrawal request by providing any other requested information and ensure you get a confirmation that the withdrawal request has been placed.