Revolut has become an increasingly popular payment option to use at sports betting sites. We’ll talk you through the pros of using it and how to go about depositing with it but also highlight some key barriers to using Revolut at betting sites, particularly UK ones. We'll also include some suggestions as to how to avoid these problems.
Benefits of Choosing Revolut as Your Preferred Betting Payment Method
There are good reasons to play at betting sites that accept Revolut. Here are some of the main ones.
- No fees: Revolut itself will never charge you for making a transaction using it, so you’ll never have to pay them any fees. The bookmaker itself shouldn’t charge you any fees for using Revolut, either.
- Withdraw as well as deposit: Some e-wallets can only be used for deposits. But you can make withdrawals to your Revolut account just like you would with any debit card. That means that when it comes to betting with Revolut withdrawal, you can receive your money in the same place as where you deposited from, making the whole process far quicker and more convenient.
- Extremely secure: Revolut is at the cutting edge of e-wallets when it comes to a lot of things, including security. The safety measures in place mean there’s no chance of someone hijacking your transactions or gaining access to your personal information.
- Rewards on offer: Holders of a premium Revolut account can get access to loads of perks each time they use it, such as loyalty points which can get you discounts on future purchases. Revolut users with the basic, free subscription can also get some benefits, such as cashback each time they use it at betting sites.
- More bang for your buck: Unlike debit cards linked to a traditional bank account, Revolut always gives you the best possible exchange rate, so whatever you’re depositing or withdrawing, you’ll always get the best possible deal for yourself when you use it.
How to Make a Deposit for Betting with Revolut
If you’re planning on playing at betting sites that take Revolut, you’re going to have to know how to make a deposit with it. Here’s how:
- Open and fund a Revolut account. Head to the Revolut website or app, provide your personal details and request a physical Revolut debit card to be sent to your home address. Fund your Revolut account using a debit card, bank transfer or e-wallet.
- Open a betting account at a Revolut sportsbook. Choose one from our list of sports betting sites that take Revolut and open an account there.
- Choose Revolut as your depositing method. Head to the banking section of the betting site with Revolut and click on the Deposit button. Since you’re using Revolut as a debit card rather than an e-wallet, select the debit card option first and then Revolut from the list.
- Provide your Revolut details. Enter your Revolut card details, such as the card number, CCV digits, and expiration date.
- Choose the currency and amount. Select the currency you wish to make the deposit in and the amount you wish to deposit. Confirm the transfer.
How We Choose the Best Revolut Betting Sites
There are an increasing number of new betting sites that are accepting Revolut as a payment option. But, as with everything, some betting sites that take Revolut are better than others. This is what we look for when considering which are the best ones.
Betting Licence
The most respected gambling licence that a betting site can have is the UK Gambling Commission (UKGC) licence, followed by the Malta Gaming Authority (MGA).
These are the hardest licences to get and the hardest to keep because they demand that the bookie implements safety measures on the site, keeps funds aside to pay out on all winning bets, and the company directors pass ‘fit and proper’ tests. So, holding one of these two licences is a good first step.
Welcome Offer and Promotions
Most sportsbooks have some sort of welcome offer, which these days is normally in the form of a free bet or a deposit bonus. It’s important that the welcome offer gives good value in relation to the deposit amount or qualifying bet, that it’s easy to use, and has no or low wagering requirements on winnings.
Down the line, the betting site that accepts Revolut should run further good-value, frequent and varied promos such as giving away free bets and cashback, boosting odds, offering acca insurance and giving customers more freebies on future deposits.
Sports and Betting Markets Variety
Sports betting fans at betting sites Revolut have different betting preferences: not everyone just wants to back the winner of a horse race or a football match. So, the sportsbook needs to cover as many sports as possible, including some lesser-known with as many competitions and betting markets.
Speaking of which, a good Bet Builder product is essential these days, as is the ability to place special bets such as Trixies and patents. Plenty of variety on the regular markets, such as handicaps, over/under and player props, are also important.
Good Content and Extra Features
Good, useful on-site content includes live streaming, blog content, stats, betting tips and previews, and a great set of FAQs that mean you rarely have to get in touch with customer service.
Features that bring something extra when it comes to an improved customer experience include a good cash-out product, easy-to-use, responsible gambling tools and the odds-guaranteed promise on horse racing.
Disadvantages of Betting Sites with Revolut
Of course, all betting deposit methods have disadvantages, and Revolut is no different. Here are some of the downfalls of using it:
- Not as widely available as others. Fewer betting sites accept Revolut than other payment options such as Visa, Mastercard, PayPal or Skrill. That means you’ll either have to choose another payment method or settle for another betting site that does take Revolut.
- Revolut cards with UK BINs may not work. To further muddy the waters, if your Revolut card has a UK BIN number, you might not be able to use it. The UK Gambling Commission’s crackdown on the use of credit cards in 2020 also affected Revolut cards, so you may only be able to use your Revolut card at betting sites if it has a non-UK BIN.
- Revolut withdrawals are pretty limited. The monthly limit on Revolut withdrawals with a regular (free) subscription is just £200 a month. If you have a Premium account, the maximum withdrawal increases to £400 and for a Metal account, it’s £800. That said, if you wish to get your betting profits in cash, a good alternative is to transfer your Revolut balance to a regular bank account and then withdraw as much as you like from it at an ATM.
Most Important Things to Remember When Betting with Revolut
So far, we’ve walked you through most of what you need to know about using Revolut at betting sites. That includes how to set up a Revolut account, make a deposit at the sportsbook using it, the pros and cons of using this method and how we choose the best betting sites that take Revolut.
Let’s round things off by putting together a checklist of things to remember when betting with Revolut.
- Even Revolut betting sites may not take Revolut. Sounds crazy, but it’s true. In addition to the fact that Revolut isn’t necessarily one of the most widely available payment options at sportsbooks, even those who do take it may not accept your Revolut card if it has a UK BIN, as we’ve seen already.
- Revolut is very strict about the maximum amounts you can withdraw with it. If you’re a high-roller who often wants to withdraw large winnings in cash, the stuttered withdrawal approach at Revolut may limit you somewhat. This means that you may be best off choosing an alternative option where you can withdraw as much as you want in cash, whenever you want.
- Using Revolut may stop you from claiming a bonus. Some sportsbooks specify in their terms and conditions that if you use a particular payment option to make a deposit, such as Revolut, you won’t be able to claim the welcome offer or other types of offers that require a deposit to get the bonus. Make sure that depositing with Revolut won’t preclude you from getting it.
- Know about the Revolut gambling block. By default, all Revolut cards have the gambling block disabled when you first get one. But you can choose to activate it if you wish by tapping on ‘Security’, selecting ‘Gambling Block’ and toggling it on. Note, however, that the block is a good way of setting yourself a sort of self-exclusion if you think it’s necessary or preventing other people who might have access to the card, such as minors, from using it for betting purposes.