Revolut

revolut finance

What is Revolut?

Revolut is a banking service that offers prepaid debit cards (MasterCard or Visa), currency exchange, cryptocurrency exchange, and peer-to-peer payments.

Table of contents:

  • SECURITY

If you’re wondering if your money is safe with Revolut, the company confirms that there are multiple teams that are constantly working on keeping your funds and data safe through Fingerprint identification, Customisable features, Disposable virtual cards, and Sherlock anti-fraud system.

  • CARD ISSUES

The most frequent card issues encountered with Revolut are related to the inability to use the card online, the disposable virtual card is not working, the pin not working, and server problems.

  1. Can’t use your Revolut card online? Check out these solutions
  • PAYMENT/TRANSACTION ISSUES

Payments/Transactions with Revolut are usually pretty straightforward, but problems like payment reverted, payment pending, payment link not working, and payment failed are some of the most common issues.

  1. Revolut is not compatible with your device? Try these methods
  • ESSENTIAL GUIDES

Everything you need to know about Revolut and how to use it properly. The guides are suited for new users to learn how to manage and start their accounts, and also for experienced users to learn how to access more advanced features.

  1. How to use different currencies with Revolut
  2. How to top up Revolut with card or bank account

FAQ:

1. How long do Revolut cards take to arrive?

Cards are usually sent from Revolut the next day after you place your order. If you selected Standard delivery, the card will arrive in 9 working days, but for Express delivery, you’ll only have to wait 4 business days.

The delivery times are estimated and you can check when the card will arrive to you in the Cards section of your app.

2. Does Revolut work with PayPal?

Yes, you can link your Revolut account with PayPal. The mobile app gives the option to choose the country of the account, so you just have to add your IBAN into PayPal.

3. Does Revolut do joint accounts?

No, but Revolut launched Group Vaults as an alternative to joint accounts. You can create a group vault in any currency and multiple people can interact with it.

4. Can you use Revolut for online payments?

Yes, Revolut can be used for physical as well as online payments. You’ll just have to turn on the Online transactions option in the card security options.

5. Can you get refunds on Revolut?

Yes, refunds are possible on Revolut accounts as long as the original payment was made with Revolut. Depending on the type of the transaction, the refund should arrive in your account within 5-7 working days.

6. Can I withdraw cash from Revolut? 

Yes, you can withdraw cash from any ATM worldwide that supports Mastercard or Visa. In some cases, depending on the ATM operators, certain fees can be applied.

Revolut advises to always checking or savings account when you use an ATM, and also choose to be charged in the local currency to avoid any exchange fees.

7. Can Revolut be used as a credit card?

No, Revolut can’t be used as a credit card. All Revolut cards are prepaid debit cards.

8. Does Revolut do credit check?

No, you only need to register and you can start using Revolut. There’s no proof of address or credit check, only a verification of identity.

9. Can you use Revolut on PC?

Technically, no. Revolut can be used on Android, iOS, and web. But as a workaround, if you want to use Revolut on your PC, you can install an Android emulator and use Revolut through it.

10. Is Revolut secure?

Yes, Revolut is secure. All the transactions are processed by Mastercard, Maestro, and Visa, and are under their rules. All the client funds are stored in a segregated trust account at Barclays/Lloyd’s.

Furthermore, Revolut uses your personal data only to verify the account and your identity.