Revolut works as one app for all things money, offering its users the ability to conduct everyday spending, plan for the future with savings and investments, and much more. Online payments can also be made through the app, which makes it an ideal option for online sports bettors to use.
Over 30 million people use Revolut for personal reasons, and it features 29 in-app currencies, whilst being supported over 200 countries. In this Revolut review, we’re going to learn more about it.
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Before you sing up to one of the best betting sites in South Africa and use Revolut there, you’ll need to know more about it. The payment method comes with its own handy features, to ensure you have the most enjoyable time while placing your preferred sports wagers. Find out more about these below.
Russian Nikolay Storonsky and Ukrainian Vlad Yatsenko founded Revolut in July of 2015. Originally, it had its base of operations in Canary Wharf, London. In 2017, it also began offering cryptocurrency services, including crypto trading.
It was one year after that when the company received a Challenger bank licence from the European Central Bank. This ensured it could accept depotis and offer consumer credits. A global deal with Visa was announced in 2019, which allowed it to expand into 24 new markets as well. It has since launched in the USA, Japan, and many other locations.
Revolut offers its users banking services in various currencies, including in South African rand. There are no physical bank branches available, with all activity occurring via the mobile app. You can request Visa or Mastercard banking cards to link up to your Revolut account, too. The company also provides virtual cards. Any time you use Revolut, you will experience a secure service, with transactions taking place instantly, and for free.
Just like in our very own betting guides, there are certain things to know about using Revolut for online gambling. It comes with a host of features that will make your experience a lot more comfortable and provide you with certain advantages. You can find out more about these benefits at Revolut sports betting options below.
You’ll need to know how to go about selecting the best Revolut betting site for you. Each one comes with something different to appeal to players. For example, joining the Bwin online sportsbook wouldn’t serve you with the same experience as if you joined any of the others we recommend. So, how do you go about choosing the right Revolut sports betting site?
Researching an online sportsbook is a key process to go through before joining it. You need to know everything possible about it before you sign up and deposit money there. Then, you need to compare what you have researched with the features of other online sportsbooks in South Africa. Here are some of the most important features to keep an eye out for when researching them.
Revolut itself is not integrated with sportsbooks. Instead, users download the app, add money to their account and then deposit this at sports betting sites via a bank transfer or a card payment.
Anyone who isn’t comfortable with entering physical card details into an online betting site can instead utilise a virtual card. These are easy to request via the app and allow you to deposit funds in a one-time transfer before the card becomes defunct.
Regardless of how you choose to use Revolut for betting, deposits and withdrawals will offer a seamless experience. This is because they occur quickly and are simple to process.
You’ll also receive notifications through the Revolut app when your money is leaving your account and when it has been sent to the sportsbook. The same is true in a vice versa formula when you make a withdrawal.
Something else to add is that Revolut helps you with budgeting your funds for betting. We’ll speak more about managing your bankroll in due course, but with Revolut this is made easier. You can load a virtual card with a specific amount of funds to use for gambling.
Alternatively, you can add funds to your Revolut account from another bank account with that money. The Revolut wallet can be used specifically as your gambling fund wallet.
You’ll find that Revolut is a handy tool to make use of for betting. It comes with a selection of features to benefit you and your money. Here are some tips to take into consideration when choosing this payment method.
It’s easy to manage your betting bankroll through the Revolut app. To begin with, you can use the Revolut wallet specifically for your betting funds, if you like. Simply transfer the money you have determined as your bankroll into Revolut for depositing purposes.
Alternatively, you can set up a Revolut vault, which is ideal for storing savings or specific funds in. Put anything you want to keep and don’t wish to use on gambling in there and leave the remainder for transfers.
You can also set limits on your Revolut account, so that you don’t deposit more than you can afford. You’ll also get weekly insights into how you have been spending with the app.
Once you have figured out your bankroll, you need to determine your betting unit size. This should be around 1-3% of your bankroll per wager. So, if you have deposited ZAR500 into your sportsbook account, you would wager ZAR 5 – ZAR 15 per market. Professionals very rarely go above 5% of their bankroll per bet.
Revolut ensures that your money will be kept safe, thanks to its award-winning security. The app will flag suspicious transactions, protect your card details, and seek out additional verification from you to ensure you have 100% protection.
Every time you want to transfer money, Revolut will ask you to verify the transaction. Your money is protected by regulated banks by law and under FCA regulation. Card details are also kept safe and secure, whether those details are being stored or processed. Security is embedded in all products provided by Revolut.
There is little doubt that Revolut has grown at a considerable rate since launching in 2015. It has entered numerous areas of the financial world, but maintains the basics of banking and budgeting, helping you to have a top-quality betting experience.
The support of multiple currencies is ideal, while speedy transactions for free add to the appeal. Follow all the guidance outlined here to find your perfect Revolut sports betting site, and always engage in responsible gambling.