In this article, you'll discover whether Revolut works in Azerbaijan, explore some drawbacks if it is available, and consider the possibilities it offers. Stay tuned to find out more.
Does Revolut Work In Azerbaijan?
Does Revolut work in Azerbaijan? Revolut isn't available in Azerbaijan for local residents. The service primarily targets travelers from the UK who can use the Revolut card to spend in Azerbaijan Manats (AZN) effortlessly.
While Revolut offers functionalities like holding multiple currencies, fee-free ATM withdrawals, and spending control through its app, these features are geared towards visitors rather than local users. Therefore, residents in Azerbaijan cannot access Revolut's full range of services.
Fees and Charges for Using Revolut in Azerbaijan
Here are some general costs that users might encounter when using Revolut in Azerbaijan:
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- ATM withdrawal fees: Free up to certain limits depending on the plan; beyond these limits, a fee of 2% of the value of the ATM withdrawal or a minimum fee of £1 (whichever is greater) applies.
- Transaction fees: No specific transaction fees for spending in Azerbaijan Manats, but general currency exchange fees may apply if spending in a currency not held in the wallet.
- Plan fees: Revolut offers different plans with varying features and fees:
- Standard: Free
- Plus: £3.99/month
- Premium: £7.99/month
- Metal: £14.99/month
- Ultra: £45/month (introductory offer)
Is Revolut the Best Option in Azerbaijan?
Even if Revolut is available in Azerbaijan, it might not be the best option for users due to several limitations and restrictions that could impact the overall user experience.
- Limited local support: Revolut primarily targets travelers, not local residents.
- Fair-usage limits: Currency exchange and ATM withdrawals are subject to fair-usage policies.
- Weekend markups: Higher fees for currency exchanges during weekends.
- Plan restrictions: Free ATM withdrawals are limited by the user's plan.
- Regulatory constraints: Potential legal and regulatory issues not explicitly detailed.
Alternatives to Revolut in Azerbaijan
1) OneSafe
OneSafe is a leading alternative payment solution in Azerbaijan, offering a seamless user experience with lower fees and superior customer support. Key features include simple onboarding, multi-currency support, and versatile payment options, making it an ideal choice for both traditional and Web3 financial services.
OneSafe Reviews
OneSafe has received positive feedback for its comprehensive features, including ACH, Crypto, Wire deposits, and virtual cards. Users appreciate the support for most businesses, making it a highly recommended choice for versatile financial needs.
2) Wise
Wise offers a multi-currency account, international money transfers, and a debit card, making it a versatile payment solution in Azerbaijan. Key benefits include lower fees, fast transactions, and robust security measures. Users can manage money in over 40 currencies, ensuring a seamless financial experience.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users generally mention issues with government restrictions in some countries and occasional problems with money transfers being returned without notification. Check out more Wise reviews here.
3) Paypal
PayPal offers a secure and convenient payment solution in Azerbaijan, featuring global money transfers, online shopping at millions of stores, and the ability to link multiple cards. With 24/7 fraud monitoring, Buyer Protection on eligible purchases, and Seller Protection on invoices, PayPal ensures a smooth and safe transaction experience.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 based on 2,117 reviews. Users generally mention high transaction fees and issues with customer support. Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Azerbaijan
Can Azerbaijani residents open a Revolut account?
No, Revolut is not available for local residents in Azerbaijan.
Can travelers use Revolut in Azerbaijan?
Yes, travelers from supported countries can use Revolut for transactions in Azerbaijan.
Are there any fees for using Revolut in Azerbaijan?
Yes, fees may include currency exchange fees, ATM withdrawal fees, and plan fees.
Does Revolut support Azerbaijani Manats (AZN)?
Yes, Revolut supports spending in Azerbaijani Manats for travelers.
Is customer support available for Revolut users in Azerbaijan?
Customer support is limited, primarily targeting users from supported countries.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Azerbaijan is crucial for seamless financial transactions. While Revolut has limitations, alternatives like OneSafe offer comprehensive features and better support. Explore OneSafe for a versatile and user-friendly experience. Sign up to OneSafe today!
