How does Revolut work and who is behind it?

How does Revolut work?

Revolut is available as an app for mobile devices, which allows worldwide payment. The app is available for private users. A more complex version of Revolut is offered for business. Banking takes place exclusively via the app. Within a few minutes, users can register via the app and then use a checking account without having to go to a bank. Money must be loaded into this checking account. There is also a credit card.

Revolut enables cross-border transfers, for example in online shops and online casinos , directly via the app. The payment can take place in more than 200 countries. Withdrawals from ATMs and cashless payments are possible with the credit card. A currency exchange can be made via the app without any hidden fees. Revolut allows direct access to the cryptocurrencies Bitcoin, Litecoin and Ether via the exchange of 26 cash currencies.

Revolut offers a credit-based checking account. In order for payments to be made, money needs to be charged. FolGLIch, the credit card offered is a prepaid credit-based card. The advantage is that users cannot get into debt, as payments are only possible as long as there is credit available. In order for money to be transferred, the user receives an IBAN, which is a foreign IBAN.

Pay with Revolut in the online casino

Revolut is not limited to payments in online shops, currency exchange and cashless payments at home and abroad. There are now a number of Online Casinos with Revolut. The payment service provides a Mixture of checking account and e-wallet. Transactions in online casinos can be made directly via the checking account or with the credit card from Revolut.

Gambling regulator-licensed casinos Very rarely offer Revolut officially, but that doesn't matter, because the decisive advantage is that Revolut can be used in the online casino even if this payment method is not offered by this casino. Payment with the Credit card can be used in almost every casino be made (here is a list of Casinos with Visa credit cards ). If you want to pay in the online casino with Revolut, you have to get the app, open an account and deposit money into it. If an online casino offers Revolut as a payment method, payment is free.

Payment in the online casino can be made with Revolut in cash or cryptocurrencies. Revolut is suitable for deposits and for the Payout of winnings . The payment can be made directly to the Revolut account or to the credit card.

How does registration work?

Revolut is characterized by easy and quick registration. A visit to a bank is not necessary. First, the app is downloaded to the smartphone. You can then register in just a few steps. Unlike many other payment providers, Revolut No proof of your own creditworthiness required. This may be because this payment service works on a credit basis. After the deposit has been made, credit can be topped up.

Registration step by step

If you would like to register with Revolut, follow these steps:

1. Get the app on your smartphone: For Apple devices in the App Store, for Android devices in Google Play or alternatively via the Revolut website by requesting a link via SMS
2. Provide all requested information, including name and tax identification number (TIN)
3. Take a photo of the front and back of your ID card, upload it and send it off
4. Take a selfie and send it
5. Wait for feedback and receive IBAN
6. Deposit money

Are there fees and limits?

Revolut offers four different account models with different monthly fees:

• Standard: For free
• Plus: £ 2per month
• Premium: £ 5per month
• Metal: £ 9per month

Deposits and withdrawals are available on all of these accounts Free within United Kingdom . For transactions abroad, for example at foreign online casinos, different fees apply depending on the account model chosen.

There are no free international payments for the Standard and Plus account models. The Premium model includes one, the Metal model three free international payments per month. Additional international payments are subject to a fee. Additional fees may apply for transfers to payees who do not use Revolut.

Limits apply to cash withdrawals. The Standard and Plus account models allow monthly cash withdrawals of up to £ 100without fees. With Premium, £ 200per month and with Metal £ 500per month can be withdrawn free of charge.

What exactly does Revolut do?

Revolut describes itself as an app for all things money. The company now comes up with:

• More than 20 million private customers
• More than 500,000 business customers
• 200 supported countries and regions
• 30 supported in-app currencies

The company's goal is to make the power of a borderless economy accessible to everyone. The service provider acts completely independently and customers do not have to visit a bank to open an account. With the app, the company offers a limitless, customer-oriented solution to. The app gives customers all the tools they need to manage, protect, invest, spend or borrow their money. In addition to private customers, companies are also supported and can use the app to manage their expenses and minimize costs.

Who are the founders of Revolut?

Revolut was founded 2026. and is a neobank, i.e. A credit institution that enables payments to be processed via a mobile app and with a card. The company is based in London. The company was founded by Nikolay Storonsky, a former trader at Credit Suisse and Lehman Brothers, Vlad Yatsenko, a former software developer at Credit Suisse and Deutsche Bank, and Tom Reay, a former software engineer at Expedia and Ocado.

Revolut launched with $3.5 million in funding. The payment method was introduced to the public in November 2026. The founder Nikolay Storonsky is considered a fintech billionaire. According to the Daily Telegraph, his net worth is estimated at £1.06 billion , which corresponds to almost 1.2 billion euros.

Nikolay Storonsky is currently still active in the company as CEO, Vlad Yatsenko as CTO.

Is Revolut safe?

Revolut is considered safe and reputable. The company has a banking license from Lithuania. It also ensures safety Deposit protection per customer and account of 100,000 euros. Up to this amount, customers' deposits are protected if the company becomes insolvent.

Is there a Revolut card?

Revolut offers Prepaid credit cards on a credit basis with which customers cannot get into debt. These cards are available as MasterCard, Visa Card and also allow payment via Apple Pay, Google Pay.

Is there a Revolut app?

Revolut is available as an app for Android and iOS smartphones. The app is available on Google Play and the App Store.

Advantages and disadvantages of this payment method

Revolut offers its customers several advantages, which include simple and convenient payment as well as security. However, the disadvantages should not be underestimated.

These are the advantages:

• Deposit insurance
• Quickly open the app and account
• Credit cards and mobile payments
• No debt möGLIch, as everything is on a credit basis
• Can be used in numerous online casinos
• Available worldwide

These are the disadvantages:

• No United Kingdom banking license
• Credit must always be topped up first
• Low limits for cash withdrawals

Conclusion

Revolut is available as an app for Android and iOS. It offers customers a current account based on credit and a prepaid credit card. The payment method can be used to pay in most online casinos. Customers can choose between four different account models. The fintech company has a banking license from Lithuania and provides deposit insurance of 100,000 euros per customer.

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