There are numerous reasons why people use alternative payment methods. These include making payments in remote locations, keeping transactions private, and using the payment method to help manage personal finances. Alternative payment methods, also known as non-traditional payment methods, can help you in many ways. This article will examine why Revolut is a famous alternative method.
Firstly, though, let’s cover the growth of alternative payment methods in general. Let’s use the online casinos industry as an example. Many operators offer a wide variety of alternative payment methods. While their customers will seek 32Red craps online rather than the payment options – it’s the payment options that consolidate the customer’s choice of playing at that online casino. It’s good value to them. Customers make the most of this. Why? For many of the reasons detailed below. What Revolut does, many have done before. But what makes Revolut stand out?
What is Revolut
Revolut is a global payment solution that allows users to send money overseas and pay in multiple currencies. It was founded in 2015 by former Credit Suisse and Lehman Brothers bankers Nikolay Storonsky and Vlad Yatsenko. It’s based in the UK with offices in Europe, North America and Asia Pacific. The service is powered by artificial intelligence technology, which makes the experience seamless and easy to use. It’s no surprise that more people are choosing Revolut as their preferred payment method when travelling abroad. But why?
Works With Any Currency Quick and Easy
Revolut is a new way to pay that allows you to use your phone and the contactless feature on your card to make purchases in any currency or platform. It’s also cheaper than traditional methods like cash and cards, faster than traditional methods like cheques or bank transfers, and more convenient.
Supports International Money Transfers
Revolut is a popular option for users who want to make international money transfers using an app on their smartphone. The Revolut app lets you send money to friends and family, pay bills, pay for things online, use it at an online casino or make payments in other currencies.
No Need to Visit a Bank or Stand in Line
One of the main benefits of using Revolut is that you do not need to visit a bank to access your money. Revolut is online, and you can do anything online or from the app. Therefore there is no need to stand in long lines.
It Is Easy to Use
Using the Revolut card is very simple. You can use it anywhere you see the Visa logo, which is everywhere. It works like your regular debit or credit card and is accepted anywhere that takes debit cards.
To pay with Revolut, you simply have to log in to your account on the app or online platform. You can select “Payment” from the menu options at the bottom left of the screen and choose “Card” as your payment method.
Cheaper Than Conventional Methods
Sending money with Revolut is cheaper than using a bank, especially in the UK. The bank sets the exchange rate that you send your money to, and with Revolut, it is guaranteed that it will be within 2% of the real-time rate on the app.
The fastest way to send funds is through your mobile app, but if you need to use your computer, it takes about 30 minutes for payments to go through when sending them from one Revolut account (your own) to another Revolut user’s account.
There are no fees when you receive the money transferred into your account from another person’s card or bank account. However, there may be additional charges if someone sends cash directly to your debit card at an ATM abroad. This is exceptionally lower than the average bank charges, as they can even charge up to 4% for international transfers.
Last Words
We hope this article has given you insight into the world of Revolut, the innovative payments provider changing how we think about money. Revolut is a game-changer. It’s the future of money. The app has changed the way people think about money, and it’s changing the way we think about our payments too.
