Revolut products will blow your mind away. This company is not only investing in new payment methods but it is also combining it with budgeting tools, spare change tracker, foreign exchange and effective credit card security system. The bank of the future is now here!
- Offers various products which seamlessly integrate with each other
- Foreign currency exchange at unbeatable exchange rates
- Multi cryptocurrency exchange
- Efficient and reliable payment methods
Revolut is a young “start up” that began several years ago but has grown in leaps and bounds and now has a presence across Europe, Asia and North America. This company began by first developing products in the payment method process for peer to peer and business to consumer but has since expanded it’s product range to include customer finance management. This expansion of product range puts Revolut at the forefront of vendors that offer holistic and complete package solutions to their customers. No other company currently offers an integrated and seamless connection between financial products, and therefore as a testament to demand by consumers of their product range, revenue has grown at over 300% in the past three financial years.
Revolut and Online Casinos
Online casinos are in particular taking up the money transfer method that is on offer by Revolut. Revolut allows you to transfer money overseas in a different currency using inter-bank exchange rates. This is fantastic for customers as it means they are not losing out to unfair foreign exchange gains normally made by banks, as well as not being charged exorbitant commission rates. In addition, Revolut also caters for cryptocurrencies and this is fantastic for online casinos which have many customers that want to use crypto as their transaction of choice.
Customers can choose from a total of fifteen currencies with up to a maximum of USD $5,000 per month that can be transferred overseas with the inter-bank exchange rate. The commission rate is only 0.5% for monies above the threshold.
There is also an extra added function of setting up recurring payments. This is fantastic for those that need to constantly send money overseas. It only takes a few seconds and is extremely reliable.
Revolut’s core payment products include:
- prepaid cards,
- foreign currency exchange,
- cryptocurrency storage and exchange,
- peer-to-peer payments,
- metal bank card
- Bitcoin Cash
Revolut was established by two young men who have had many years of experience in the bank and finance sector. They realized that there was an opportunity to provide more competitive foreign exchange rates to customers and at a cheaper commission rate.
Founded in 2017 in the UK, the company has grown incredibly fast to service over 8 million customers around the world. Not only does Revolut offer an app for foreign exchange but they have also created many other apps for better money management.
The growth of Revolut has been incredibly fast. In the space of three years, the value of Revolut has reached $1.5 billion. This is extraordinary growth that not many companies can make claim to. What makes Revolut so attractive to investors is its ability to provide payments services and banking facilities that are competitive to traditional banks. Offering a better quality of service but with cheaper fees, Revolut has expanded to over 130 countries!
Revolut also offers a prepaid debit card which can also be used with credit card merchant facilities. The innovative aspect of Revolut prepaid debit cards is that is seamlessly processes foreign currency exchange at interbank exchange rates, interacts with various popular cryptocurrencies and easily facilitates traditional payments to third parties. The transfer of monies is efficient, reliable and at extremely low cost.