Making a payment with Revolut gambling – Can you use Revolut for gambling? Yes!
When using Revolut betting sites, you may not be familiar with the payment process. So our expert team put together this detailed guide to help you understand what steps are involved with customers looking to start gambling with Revolut.
Choose an account
As Revolut is a popular fintech company that offers banking services, several top-rated casinos and betting sites have accepted its payment method if you want to start betting with them online. We suggest you look through our website to discover which platforms take Revolut in the UK as there were changes to UK gambling legislation in 2020, so this may not be the most reliable payment option. However, some operators accept Revolut, so we recommend you discover a platform that allows this for deposits and withdrawals.
Once you’ve selected the platform that accepts Revolut payments, you’ll need to input your personal information. This will include your name, date of birth, location, email address and password. In most online betting sites, a KYC (know your customer) procedure will ask customers to verify their details using a photo ID like a birth certificate or driving licence, so keep those handy. The process will take a few minutes to set up your details, which is great for members who wish to start gambling as soon as their accounts have been created. You’ll also need to follow the UK gambling age restrictions, which prohibit anyone from creating an account under 18.
Select Revolut payment and deposit
When the platform confirms your details, you can choose Revolut as your deposit and withdrawal method, whether you’ve decided to use a casino site or sports betting platform. Double-check the minimum deposit for your payment method to start using the features on the site, and you should be able to start gambling as soon as possible. Revolut is one of the fastest payment methods online. You can create a Revolut account by inputting your details and connecting a debit or credit card, bank transfer, Apple Pay or Google Pay into your Revolut account, which you can use on the betting platform. This makes it easier to transfer funds as you’ll have the money ready to go.
Start gambling
Whether you’ve decided to use a Revolut casino or a sports betting platform, you’ll now be able to start gambling once the account has finished setting up. This should be efficient when processing funds in and out of your account, making it one of the most popular methods for online bettors in the UK and globally.
Withdrawal and deposit with Revolut: average time scales for transactions
Our review discovered that customers using Revolut gambling transactions could benefit from speedy processing times in the UK and abroad. Unlike other payment methods, like a credit or debit card, that would take longer to transfer the funds into your gambling account. We discovered that there are little to no processing fees, making this an excellent choice for customers wanting to see their funds stretch when gambling. So we highlighted the average time it takes to put money into your account and take it out for you to consider below.
Depositing times
Generally, when you decide to start using Revolut gambling sites and how to fund your account, it should take a couple of hours to see if the money is ready to use. The transfers are usually cleared instantly, but we suggest you give it a whole day to see the funds prepared to bet in case the platform needs to do some internal checks on the amount you plan on transferring. Additionally, UK orders are usually processed quicker than international deposits, so keep that in mind if you’re using a bank transfer method or have more money you want to see processed to start betting with.
Withdrawal times
Withdrawals take longer to process than deposits but are usually cleared within one business day. Compared to more popular withdrawal methods, this is one of the quickest ways to see your funds in your bank account. The betting site you use and how much money you want to cash out can also determine how long your funds will reach you. But the more often you take out money, the easier it will be as the system recognises you are using Revolut for the same type of transaction. Similarly to depositing funds, withdrawals are quicker for domestic transactions in the UK, but you’ll still see your money processed quite efficiently in other countries.
Revolut verification requirements – What customers need to start betting
Potential customers looking to use betting sites that accept Revolut will need to consider the appropriate verification requirements to make the most out of their online gambling experience. So our experts put together a few key criteria below.
When potential users are interested in using a Revolut casino or sports betting platform, they should ensure the credit or debit card they have attached to their Revolut account matches their details. This will make setting up a gambling account much easier as the platform will find it easier to allow transactions, as they’ll see the same name pop up. If customers use a card or a bank transfer with a different name to the one they set up their Revolut account with, this could mean more internal checks from the betting platforms’ side, causing transactions to take longer to complete. This could also mean it will take customers longer to start betting while waiting for their funds to be approved.
Customers should choose their base currency before depositing
Whether the individual is based in the UK and is using Revolut betting sites in that region, or they decide to use an international betting site, they should consider which currency will be their go-to. Depending on the bookie, customers may have the option to choose from a range of currencies, including GBR, EUR, USD and cryptocurrencies. If the bettor lives outside of the UK and decides to use GBR, they could be subject to conversion fees when depositing and withdrawing funds, as this is not their home country’s base currency. So it might be easier to stick to what coin is available in the customers’ region, or fees and other costs could occur.
Customers can benefit from the Revolut app
When individuals set up their Revolut banking account, they can easily monitor how much money they transfer in and out of their account using the app. This makes deposits easier to manage. It’s also a better way for customers to keep track of their transactions on the move, which can be the perfect way to build their betting experience as they’ll be using the platform more frequently processing funds.
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The history of Revolut – Why not all betting sites accept Revolut in the UK
Revolut was founded in 2015 and is a UK-based financial tech company with banking services. Since its release, the company has seen significant expansion globally and allows customers to access its services across Europe, the US and Japan. It’s one of the industry’s most valuable UK fintech companies and has seen major profits each year it has been in the market.
A regulated payment method
Customers interested in Revolut casino sites can trust to use Revolut as it is one of the safest ways to transfer funds domestically and internationally. It is regulated by the FCA and has seen an increase in customers using it for betting and gambling services. Similarly, for Revolut betting sites in the UK and globally, there was an increase in the number of members choosing Revolut over other more common payment methods like credit and debit cards or bank transfers. As you’re able to connect your cards, bank accounts and even Google Pay and Apple Pay to your Revolut account, making payments more streamlined.
Changes to UK law
However, in 2020, many UK bookies discontinued Revolut to support gambling transactions, so you may find it challenging to use Revolut gambling as your preferred payment type. But our website will provide you with alternative global options that still place Revolut in high regard for their deposits and withdrawals.
Revolut compared to other providers – Alternative payment options
As we mentioned in this review, customers may not find many betting platforms that accept Revolut payment options in the UK as restrictions have changed. So we wanted to highlight alternative payment methods to using a Revolut casino or bookmaker that may not be as efficient as Revolut but are more common.
Debit and credit cards
One of the most accessible
payment methods UK
gambling sites offer is debit and credit cards. The most common brands are Visa, Mastercard and Maestro. Debit cards are popular as there are usually little to no processing fees when depositing and withdrawing funds. However, credit cards work a bit differently, as customers essentially borrow money when they use a credit card. So there will be additional internal checks from the bank that issued the card to ensure the customer is making these transactions and that the betting platform is legit.
Bank transfers
Another popular method instead of Revolut payments is through bank transfers. These are usually processed quickly, but there could be hidden transaction fees depending on your bank. This is one reason customers might prefer to use Revolut, as it acts as a middleman between your personal funds and the betting account, so processing fees aren’t an issue. Our review found that although bank transfers are fast, Revolut aims to be one of the quickest ways customers can see their funds ready to use on their gambling accounts in and around the UK.
Alternative e-wallet transfers
Some popular e-wallets, including Skrill and Neteller, are similar to Revolut, as they act as the middleman for a customer’s funds. This means the individual shouldn’t worry about hidden costs when transferring their money into their gambling accounts. It is quite a common payment method, but if you’re thinking of sending money to an account abroad, this could cost you, especially if you’re using a betting site that isn’t based in your region.
Crypto payments
Cryptocurrency payment methods are becoming the next best thing for customers to start their online gambling journey. Although, they have many more restrictions than if you decided to use Revolut, as not every region that allows online gambling has legalised digital coin payment methods. It’s a popular choice for customers familiar with digital currency transactions, as they are streamlined and meant to be processed instantly. However, it’s still relatively new to the online betting industry.
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Three essential facts about using Revolut – Why a Revolut casino might work for you
If you’re considering using Revolut betting sites, we included three important facts that could help make your casino or bookie decision easier. The platform you decide to use to start betting with will depend on what you’re looking for from an operator, including what type of category you wish to bet on, whether the site has a mobile app or fully-optimised mobile website and if it’s suited to customers of various skill levels.
Revolut is one of the safest money transferring services
When choosing which betting sites accept Revolut, our team discovered that Revolut is one of the most secure banking systems for customers to process their funds in the UK and internationally. Revolut is authorised by the FCA (Financial Conduct Authority), meaning it is fully regulated to be used in specific regions. To discover if you can access this payment method where you live, we recommend you look through our website to find which locations and platforms have access.
Revolut might not be eligible for gambling site bonuses
Although it’s an efficient way to deposit and withdraw funds, some gambling sites may not be eligible to redeem promotions if customers use Revolut. This could be due to the change in regulations in the UK. And how many platforms have decided not to include Revolut in their payment options. So we suggest you check with the operator before setting up an account and connect your funds to see if bonuses are available and if your chosen payment method can use them.
Use Revolut for deposits and withdrawals
When choosing which betting site to create an account with, you’ll need to use the same payment method to fund and cash out from your account. So if you’re happy to use Revolut for both transactions, we recommend trying it. Our review found that Revolut is not as popular as other payment options in the UK, but you may still be able to find an international platform that accepts UK customers to try it out. Just be aware of any hidden fees or currency conversion costs.
Conclusion – Discover Revolut gambling in the UK
Overall, we found Revolut betting sites in the UK to be less common than other payment methods. Still, they are an excellent choice for customers looking for effective processing times on transactions. If you’re living in the UK or abroad and want to know if you can use Revolut for gambling, we recommend you look through our website, as we have outlined some platforms that accept Revolut for you to consider. We recommend trying this payment method as there are no processing fees. If you’d like to know more about alternative payment options, including
Bitcoin betting sites UK
regions have on offer, check out our website today.
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Revolut gambling FAQ
❓ Is Revolut a legit payment method?
Customers considering Revolut gambling as their payment method may be wondering if it is a legit option or if there are better alternatives. So we created reviews to discover how reliable Revolut can be. We also looked at
betting sites with Neteller UK
options also to consider. So check out our reviews on our website.
✍ Which betting sites accept Revolut?
When looking for Revolut betting sites in the UK, we found a few options that still rely on this payment option. Our team also looked at
betting sites with PayPal UK
alternatives for customers to consider. Check out our website today to discover which betting and gambling sites use Revolut.
✅ Is Revolut available outside of the UK?
If you’re considering Revolut gambling, you may be in the UK or outside of the country. So we created detailed guides for our readers to discover if you can access Revolut globally. Check out our website to determine if Revolut is legal to use in your region today and, if not, what alternatives are available.
