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Revolut’s Standing in Online Gambling Industry
Some gambling destinations are doing better than others in many ways. For example, a casino or sportsbook may have a long list of interesting games courtesy of top software companies but may lack customer support or payment services, and vice-versa. This situation is unending, and finding the perfect gaming venue seems almost impossible. Interestingly, some operators have tried solving their problems by integrating convenient and affordable systems. For instance, some sportsbooks now use Revolut as one of their payment methods to overcome the issue of performing online transactions. Find out more about this next-generation payment option in this article and how it would change the iGaming industry.
5 Things You Need to Know About Revolut Payment Method
Revolut is a digital bank or wallet designed to make life convenient for people as it facilitates easy and seamless transactions. It was only recently introduced but has become one of the world’s most popular digital wallets used by bettors on online gambling sites. Now, while all bookmakers support Revolut, this payment method’s presence will change the gambling industry’s status quo. But before that happens, you should know the following things about the digital payment option.
What is Revolut?
Revolut is a payment method that uses a digital debit card to perform online transactions. This eWallet option was introduced by its London-based company, Revolut Ltd., in 2015, and it was immediately accepted into the gaming industry, especially betting sites. For about 7 years now, Revolut has proven to be more effective than other methods known to or supported by most bookies. It has provided bettors with a fast, secure, and easy way to make deposits and withdrawals online in a range of currencies – at no processing cost. Currently, Revolut operates in Europe and Asia and has an app on the Google Play Store or App Store. It is also quite popular among norwegian bookmakers.
How to Get a Revolut Debit Card
Revolut acts as a digital debit card, but that doesn’t limit it from being a physical debit card. Users can get an actual debit card in some authorized countries after meeting the requirements. First, you must create an account with the company to get a digital debit card. During account creation, you must comply with KYC regulations to validate your data. Then, you can request to get a debit card from customer support to be able to withdraw money at any ATM. You have to pay shipping and processing fees to get it. Apart from the obvious difference, both cards have many similarities (i.e., digital and physical).
How to Use Revolut
Whether you get a physical or a digital debit card, you can still use them to process transactions online. People who use Revolut will definitely have a great time using the payment method’s service. And for those who don’t know how, here is a step-by-step guide to depositing with Revolut.
Step 1 – Download the mobile app on your smartphone and create an account
Step 2 – Go to the homepage and select the “Add Money” option
Step 3 – Select a payment method and enter an amount alongside other requested information
Step 4 – Complete the process by clicking the “Add Money” button.
How to Find Revolut Sportsbooks
Finding bookies that accept Revolut can be difficult because not every bookmaker supports the payment method. The population is growing, but it will take a little more time. Notwithstanding, top online bookmakers that offer this option to deposit easily and withdraw are 22Bet, 888Sport, and 20Bet.
There is something more interesting about Revolut bookmakers – they offer special and regular bonuses to bettors. For instance, after you’ve created an account with the betting site and placed a bet using the payment method, you will be eligible for a welcome bonus, increasing your possibility of winning more prizes.
However, it is important to read the payment service provider’s terms and conditions before using it as a default option.
How is Revolut Better Than Other Banking Options?
Revolut seems to be the future of betting sites, as it has several benefits, making it even better than most banking options. For instance, it is a digital wallet that allows other payment methods. It also allows users to withdraw from all ATMs at no charge. More importantly, this payment method ensures that users can exchange currencies at a good rate – even better than those offered by banking institutions.
However, the major challenge with Revolut banking is that not everyone will be ready to accept the initiative, especially as most people think there is a lack of credibility. Notwithstanding, there are hopes that many people will start using this next-generation method soon.
Before now, there were growing concerns about how casinos and sportsbooks could do better and offer better customer service. Some were able to develop new strategies that ensure members get the best experience. One such strategy is accepting intelligent payment options like Revolut. This eWallet method has saved most players from the troubles of doing online transactions. Unfortunately, even though it has been around for almost a decade, not every bookmaker has it. On the other hand, the reviews so far have been impressive, and the fact that people can withdraw anywhere in the world with a Revolut debit card is impressive. That being said, Revolut has a developing presence in the sports betting industry.