Revolut Payment Method Explained
Revolut is an electronic payment method aimed at ‘tech savvy’ customers. Over 100 million transactions every month are carried out using Revolut, and betting sites that accept Revolut were previously incredibly popular among players around the world. It was launched in the UK in 2015, but has not been free of controversy. Now the brand has over 12 million customers from all over the world, as well as around 500,000 business customers.
There are over 30 currencies that can be used in tandem with the Revolut app, and it can be used in over 35 countries as well as the UK. We at Betting.co.uk cannot recommend using Revolut for online gambling at
new gambling sites. Thus, we’ve tailored a guide to finding a great alternative so that you can fund your betting account with ease.
Our Top 3 Picks for October
Is Revolut Suitable for Online Gambling?
Up until April 2020, when legislation changed in the UK, it was also a popular payment method used by online gamblers in Britain on sites like
Vulkan Vegas.
However, due to these changes, it is no longer possible to find
betting sites with credit card
payment options or to use a Revolut casino online.
This means that we, at Betting.co.uk, would advise all of our readers to find an alternative to Revolut as soon as possible. If you need help finding a suitable Revolut alternative, then check out the table above. Our payment methods section is packed with the kind of detail you need to make a properly informed decision about which solution to choose. Each of them has pros and cons but being widely accepted is obviously something that Revolut no longer provides and is unlikely to again.
Popular Alternatives to Revolut
Even though you won't find an online casino with Revolut as a banking option, you have plenty of options when it comes to finding an alternative. Here are some of the main options:
- Debit cards: Debit cards offer a flexible and widely accepted Revolut alternative, whether issued by
Visa, Mastercard, Maestro or another brand. You’ll find debit cards available at all betting sites in the UK, and they offer you a way of making instant deposits, while withdrawals tend to be processed in just a couple of working days. Some firms are getting much faster though, processing them in a matter of minutes.
- Ewallets: There are also ewallets like Skrill, Neteller or PayPal that can be used by UK punters. The main advantage of ewallets is that they offer some of the fastest processing times in terms of deposits and withdrawals. Just note that depositing via an ewallet could make you ineligible for claiming some welcome bonuses.
- Prepaid cards: Lots of bettors like using prepaid cards such as Paysafecard because they don’t require you to have a bank account to play online. The disadvantage? You can’t request withdrawals of your winnings back to a prepaid card.
- Bank transfers: You’ll find that all betting sites allow you to make a bank transfer to make a deposit or a withdrawal. While bank transfers offer high limits, they suffer from some of the slowest processing times.
- Mobile-specific payments: With so many of us betting on our phones now, having access to a solution like Apple Pay is a real positive. They come with additional security via your phone's authentication such as FaceID and work seamlessly.
If you want to see the pros and cons of each method evaluated by gambling experts, then it is a good idea to check out the payment methods section here at Betting.co.uk. We’ll even provide you with an overview of the
Best Gambling Affiliate Programs
so that you increase your exposure in the online betting industry.
Check out these alternatives to Revolut for online betting
Revolut – Most Common Questions
Why Can’t I Use Revolut at UK Online Gambling Sites?
The reason that UK online punters need to find an alternative to Revolut is due to changes in British legislation. After which, it was no longer legal for UK punters to use credit cards to fund online gambling accounts. As Revolut is a payment method that is often funded by using a credit card, many online gambling operators no longer accept it as a payment method. Betting.co.uk can help you find an alternative to Revolut, though. Our guide to the top
Skrill betting sites
might provide you with a fantastic option so that you can fund your account with ease.
Can you Gamble with Revolut?
Due to a change in British legislation, it is no longer possible to use Revolut as a means to deposit money to a UK gambling site, meaning you're probably not going to find an online bookie with Revolut in the UK. All is not lost, however, as there are many alternative payment methods to Revolut that are quick and easy to set up and use.
Where Can I find an Alternative to Revolut?
If looking for a Revolut alternative UK punters can find further guidance on Betting.co.uk. Our payment methods articles cover a range of different options – such as the best
Neteller betting sites, – so there is plenty of information available for you to use to help you in your search. As we have detailed above, finding an alternative to Revolut is not hard when you have the right experts helping you. Betting.co.uk has plenty of those experts on our team.
Does Bet365 accept Revolut?
At the moment, Bet365, like almost every UK gambling site, does not accept Revolut as a payment method. This is in part due to the change in legislation that made it impossible for credit cards to be used for gambling in the UK. You can use alternative payment methods with bet365, and the good news is that all of them are quick and easy to set and use.
Can I withdraw my winnings to my new payment method when I have found a Revolut alternative?
Most online gambling websites will allow you to withdraw any winnings that you may have been lucky enough to claim using the same method as you used to deposit funds in your account. If you use a debit card or
Paypal betting
sites, the process is usually very simple indeed, but ewallet customers are also often well catered for.
You should always check at the site at which you have an account, and direct your inquiry to customer service if you have any kind of outstanding issue with the time taken to process payments or whether any charges are applied when you use certain methods.
Although you won't find any more betting sites that accept Revolut, you might still be interested in the respective fees. Recent changes to the Revolut fee structure means a refresher is in order. In terms of opening an account, you will not incur any fees. If you receive or send money within the UK, there are no additional fees.
However, if you use a card that has not been issued in the EEA (such as a US-based card), then a small fee applies. International payments will also incur a fee and is updated in real time. You’ll be notified of the amount prior to confirming the transaction in question.
Lastly, you will also find fees relating to exchanges. If you use a currency exchange via the Revolut app, then the exchange rate will be determined by in-house market data. Exchanges that exceed £1,000 on a monthly basis will start to pay a fee of 0.5% on the amount exceeding £1,000. Standard users will also incur a fee of 2,5% for cryptocurrency exchanges.
Top Revolut gambling sites
How To Make A Deposit On A Revolut Betting Site
We’ve also included a step-by-step guide as to who you can make a deposit when using Revolut. Keep in mind that you may find it difficult to find betting sites that accept Revolut that allows you to use Revolut in this day and age though.
- Login to your chosen online betting account.
- Visit the cashier section and click on Deposit.
- Select either credit/debit card.
- Enter the amount that you wish to deposit into your betting account.
- The deposit will clear immediately and your account will be credited.
We’ve outlined that you will find it difficult to make direct payments from your Revolut account into your betting account. As such, we’d like to outline that you can make use of your Revolut account in order to fund an e-wallet such as Skrill. Once you deposit funds into your e-wallet, you’ll be able to fund your personal betting account in the UK. So, while you may struggle to find an online casino with Revolut as a banking option, this could be a potential solution.
Revolut Betting Sites Available in the UK
Of course, you will have noted that Revolut betting in the UK is somewhat of a contentious issue! Having said this, and with keeping in line with the limitations inherent with Revolut gambling, we must bring your attention to a couple of things. Revolut gambling transactions can be be used if you make sure that you do not use a credit card. It is, however, far more convenient to simply choose a more widely-accepted payment method. If you are wondering which betting sites accept Revolut, then look no further! We also recommend that you check out the
best betting sites with bonuses
before you decide which platform to sign up with. This will simply enhance your experience with Revolut betting sites today!
Best Revolut betting sites
Revolut Casino Sites in the UK
So, can you use Revolut for gambling at all? Revolut casino sites have obviously diminished due to UKGC guidelines. If you do happen to make use of Revolut gambling transactions which avoid credit cards, then you might well be able to use the Revolut gambling services online. Below, we have outlined the latest Revolut casino sites for your convenience.
Combine this with our
UK online casino guide
so that you find yourself up and running within no time! It is our ultimate belief that you should simply use an alternative if you do find yourself engaging in Revolut gambling in the UK though. Simplify your experience and avoid any unnecessary hindrances to your gambling activities!
Top Revolut casinos
Top Tips For Finding A Perfect Gambling Site
Now that you're aware betting sites that accept Revolut are not an option and found a suitable alternative, what should you be looking for when it comes to finding the right online gambling site for you? Our experts at Betting.co.uk have put together a list of seven things that you should always check before committing to opening an account at an online gambling site.
Look at the range of other options for entertainment
So you like sports betting, but occasionally you like to try out other
online gambling sites in the UK
too? Perhaps you're looking for the
best UK poker site
or seeking out a live casino blackjack game? No online punter can ever be easily fitted into a pigeon hole after all.
This is why it is a good idea to look at all the gambling options that a site offers before you make a definite decision on which one to choose. A good site will be strong across all of the various activities, and provide you with plenty of varied options for your gambling entertainment.
Live casino gaming is a relatively recent innovation that can be found at many online casinos these days. It combines the convenience of playing at home with all the excitement of playing in a real life casino.
If your favoured online casino offers a live casino, make sure that the software is provided by one of the world’s top developers, such as Evolution Gaming.
Can you watch sports on live streams?
If you like to indulge in a spot of live betting, then you should also check to see if any live streams of sporting events are available for you to watch at a sportsbook that you are considering using.
Being able to view a live stream makes in-play betting a much more enjoyable activity, and also provides plenty of entertainment on its own terms, if you’re the kind of person who enjoys watching sport. Any betting site that offers live streaming is definitely worth considering, in our view! Take a look at our
best horse racing betting apps
and
best betting app for cricket
guides to see which providers offer these sports on the go!
Overall Verdict on Revolut Betting Sites
As you can see, finding a Revolut alternative is not hard. There are plenty of other payment methods that are now accepted at online casinos, sportsbooks and poker sites. It could be worth considering using
Mastercard for gambling
and funding your bets, for instance. In addition to finding an alternative to Revolut, though, there are some things that you need to check before you open an account at an online gambling site.
If you make sure that your favoured type of gambling is well covered, there are some tempting welcome bonuses and other offers, and the customer service provision is top notch, then you can generally rest assured that you are in the right place. Always remember that we at Betting.co.uk have a great range of resources you can use to refine your search too. So, even though you won't find any bookies that accept Revolut, we're here to help you find great alternatives and make the most of your online gaming experience.
Alternatives to Revolut - other payment options worth checking out
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Revolut Alternatives FAQs
❓ Can Revolut be used for online gambling in the UK?
No, Revolut cannot currently be used for any form of online gambling in the UK. However, our guide can show you lots of trusted debit cards, e-wallets and prepaid cards you can use instead of Revolut for making deposits and withdrawals at sports betting sites and online casinos.
❔ Is Skrill better than Revolut?
We'd certainly say Skrill is better than Revolut for betting online. This is because Revolut is no longer an option for UK bettors while Skrill remains one of the most popular and trusted payment methods for placing bets online.
💳 Is Revolut free to use when online gambling in the UK?
When Revolut was an accepted payment method for online gambling in the UK, there were a few sites who charged fees, but the majority did not.
💱 When Did Revolut stop accepting betting transactions?
As of April 14th 2020, Revolut was no longer accepted by any UK betting sites. This was in line with the wider credit card ban that came into the effect at the same time.
