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I Just Deleted My Revolut Account and You Should Too
- mr_cyborg 6y agoUSA here - I had to look up what Revolut was. It sounds like another one of the many payment apps we have. Is this akin to Venmo/Cash App/Paypal here but in Europe?
- mirekrusin 6y agoIt offers instant exchange to most currencies at official bank rates, physical and virtual cards and exchanges to major crypto currencies. It's very easy to use. If they break law in some countries when firing people, I'd expect for law to kick in and the situation to be sorted at the court level in those countries. If I wanted to close accounts for all banks that did bad things, I'd have to close all my accounts in different countries.
- Nextgrid 6y agoFor a bit of context about this terrible company: Revolut is the company that misled travelers with marketing about good exchange rates, ease of account opening, etc without requiring ID verification upfront, instead letting them use the account until they hit a certain threshold after which their account is restricted and ID verification can be a slow process, made worse by their terrible and unresponsive customer service. This left many people stranded in foreign countries with no access to their money and they delete any complaints about this on their forum. They also have(had?) a dubious recruitment process where applicants must refer a certain number of new customers to the app and have them top-up their account for them to be considered: https://community.fintechtalk.co.uk/t/revolut-and-allegations-of-dubious-recruitment-processes/388 https://community.fintechtalk.co.uk/t/revolut-and-allegation... Their crypto offering is also a bit of a scam because you never actually own the crypto and can't withdraw it to your own wallet. If Revolut goes bust or suspends your account all your crypto might be at risk.