Reading Time: 5 minutes Do you still give away money The startup from London attracts numerous new customers with a modern app and many sophisticated, free services. Credit card A small piece of plastic with a chip that costs almost nothing to produce. It enables money transfers that de facto cost nothing at all. The credit card allows the …
revolut money laundering
Revolut money laundering. The startup itself admits that the affair links to a report published yesterday by the Daily Telegraph. This report revealed that the company would have deactivated its anti-money laundering system. This system marks suspicious transactions because it generated too many false positives.
However, we use it for our “pocket money” and we love it! Open your Revolut Account here.
On the way to new customer segments with Heavy Metal
The card weighs 18 grams, looks outrageously good, feels the same, is made of reinforced steel, therefore does not bend and works contactless. It can’t pay better than the standard plastic versions, but the paying feeling is different. Revolut Concierge
Each user decides for himself whether this is important or not. If the essential services of various packages are extensive and extended, details create differences – the metal card undoubtedly an exciting detail.
The debit card promises Cashback up to 1 per cent of the expenditures – counted are all payments executed with the card in 29 Fiat currencies – Cashback selectable in Fiat or also in cryptocurrencies. In addition to the increased exemption limits for free withdrawals at ATMs, the package also includes free insurance for medical emergencies and dental treatment abroad. Insurance for flight and luggage delays included.
The main innovation in the scope of services for Revolut Metal. However, it is a free concierge service. With the Metal Card, Revolut promises “high-quality support for
- hotel reservations
- flight bookings
- exclusive events and more” at home and abroad.
The availability of the personal concierge and the promised “more” could create additional differences.
The metal card is not the most significant step in Revolut’s ongoing expansion program. The service package is undoubtedly extensive and convincing, but this is already the case with the premium package – so the difference between the two packages is not huge.