have an account?【sign in】How to Pay with Revolut: A Guide to Using Revolut as a Way to Pay
barclayauthorRevolut is a popular digital banking service that has revolutionized the way people manage their finances. It allows users to send and receive money, trade cryptocurrencies, and hold multiple currencies in one account. One of the most popular features of Revolut is its ability to pay for items using the Revolut card. In this article, we will provide a guide on how to pay with Revolut, including the steps to set up the Revolut card, the benefits of using it, and common questions and concerns.
Set Up the Revolut Card
1. Download the Revolut App: First, download the Revolut app from the Apple App Store or Google Play Store. If you already have an account, you can log in using your username and password.
2. Create a PIN Code: Once you log in, go to the "Security" section and create a four-digit PIN code. This will be required for every transaction made with the Revolut card.
3. Add Your Bank Account: Under "Budgets," create a new budget and link your bank account. Make sure to select the correct bank account and account type (checking or savings).
4. Add a Credit Card: Under "Bills & Expenses," add a new bill or expense that you want to pay with Revolut. Select your bank account that you linked in step 3 and your credit card information.
5. Generate a Barcode: Once your bill or expense is added, a barcode will be generated. Save this barcode for later use.
Benefits of Using the Revolut Card
1. No Fees: Using the Revolut card for payments comes with no fees, compared to traditional bank cards that often charge a percentage of the amount spent.
2. Real-time Currency Conversion: Revolut calculates the exchange rate in real-time, so you always know how much your money is worth in the currency you are paying.
3. Multiple Currencies: With Revolut, you can hold multiple currencies in your account, making it easier to manage your finances when traveling or doing business internationally.
4. Faster Payments: Using the Revolut card, you can make instant payments and withdrawals at ATMs and merchant locations worldwide.
5. Easy Refunds: If you ever need to issue a refund, you can simply create a new budget with the original payment as the expense, and the refund as the new expense.
Common Questions and Concerns
1. Can I Use Revolut Outside the EU?
Revolut is available in most countries around the world, except for the United States. If you live outside the EU, you can still use Revolut for international payments and currency conversions.
2. Are There Any Fees for Using Revolut?
Revolut charges a monthly fee of €4.99 for its basic plan. However, this fee is waived if you link at least three bank accounts to your Revolut account. There may also be transaction fees for certain types of payments, such as cash withdrawals and certain exchange rates.
3. How Do I Change My PIN Code?
To change your PIN code, go to the "Security" section in the Revolut app and select "Change PIN." You can change your PIN code any time you want.
Using Revolut as a way to pay is a simple and efficient way to manage your finances. The Revolut card offers no fees, real-time currency conversion, and multiple currency support, making it a great option for both personal and business use. By following these steps and understanding the benefits, you can enjoy the full potential of Revolut as a way to pay.