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Revolut's Presence Within the Betting Industry

Revolut took the world by storm through a parabolic rise, which could only be described as an insane run. Fintech has expanded its services to different sectors including the online betting space. It provides seamless transactions by connecting online casinos to their players. It is no surprise that Revolut has become one of the top choices for online gamblers. We are going to examine Revolut's stand within the industry and the pros and cons of the service. Let's begin!

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What is Revolut?

Revolut is a payment method that was founded in the UK. It is a digital bank and e-wallet service that helps people to facilitate online transactions. Revolut broke into the online gambling industry by offering users an easy way to make gambling payments using cards. You can pay on major betting sites using Revolut. The service is also fast, secure, and easy to use. In less than 10 minutes, players could complete the first steps to owning a functioning Revolut account.

The best part is that the app is on your phone, and you can access your money immediately when it enters your Revolut account. For the past 8 years, Revolut has maintained a steady reputation in the online gambling industry as a reliable payment partner. The service accepts numerous currencies across Europe, and there is no processing cost for transactions.

Benefits and Drawbacks of Revolut

Using Revolut has its upsides but it isn't without some drawbacks. After 8 years in the industry, we can accurately assess the strongest points for Revolut and the strongest against. Here are the pros and cons of using this service as your preferred payment provider.

Pros

  • It is fast, and money is credited almost instantly.
  • There are no processing fees for transactions.
  • It is available in multiple countries across Europe and supports many currencies.
  • You can create an account in less than 10 minutes.
  • They give you a free debit card plus free spending abroad.
  • There are cashback offers you can claim.

Cons

  • Revolut is good for transfers and receiving deposits, but it does not offer a full banking service.

Why Revolut is Better than Others

Revolut provides some of the best transfer services to players online. It allows them to deposit and receive funds seamlessly without any fees. Revolut also gives its users a free debit card when they open an account. They can use this card to pay for transactions online.

Revolut is also secure and uses the highest standards of encryption to protect the information and funds of its users. Revolut also has a more relaxed policy towards gambling and other websites that could have been blacklisted by some payment processors. This has contributed to its popularity even though it doesn't offer full banking services like its competition.

How to Use Revolut

Revolut offers both digital and physical debit cards to their users. Both cards are used in the same way when paying for goods or services online. Here is how you can use Revolut:

  • Download the Revolut app on your mobile device. Log into your account with your details and access your account. If you do not already have an account, then you must create one before you can use the service.
  • Go to the homepage and click the “Add Money” button. This is the section that allows you to fund your Revolut account.
  • Choose the payment method you want ro use for funding and provide all the additional information. This information is needed to complete the transaction.
  • Click the “Add Money” button to complete the transaction. You should receive your money in less than a minute.

How to Select Revolut Online Casinos

Choosing the right Revolut casino might not be an easy task. There are many online gambling websites, including some of the best bookmakers, that offer this payment method to their users. How do you differentiate between these services to pick the perfect one for you? Here are the top metrics you can use to evaluate potential gambling websites.

Registration
Only registered online casinos should be on your radar. Playing at unlicensed casinos can be very risky as you do not know who is behind the casino. Shady and fraudulent actors set up fake online casinos to steal the money of their users. Some also use altered gaming software to tilt the games in their favor. Players will receive low payouts and sometimes just get robbed. Always verify the registration information of casinos before gambling.

Available Games
The games a casino has available determine how much fun you will have. Check the software providers section for a list of the developers powering the casino. You should aim for casinos that have up to 2000 games because it gives you options. There should also be live games and table games, which add variety to the selections. Jackpot slots are also great to have because they give players a chance to win massive rewards.

Promotions and Bonuses
Promotions govern how players interact with an online casino. You should look for casinos with the best bonuses. They should have a welcome bonus, reload bonus, and cashback bonus. A VIP bonus or referral bonus is also a plus. When evaluating bonuses, do not forget to check their terms and conditions. These determine how you can use the bonuses and when you can withdraw them. Look for bonuses with a low wagering requirement and a high validity period.

Mobile App
Mobile Apps make the gambling experience more accessible. The mobile penetration numbers vastly outnumber PC sales. This means that there are more mobile than PC gamblers. Having a mobile app is critical for online casinos because it makes betting flexible. If there is no mobile app present, you should check out their mobile website. The mobile website must be comfortable with all available web browsers, including Firefox, Chrome, and Safari.