In this article, you'll discover whether Revolut works in Ethiopia, explore some potential drawbacks if it is available, and consider the possibilities it offers for managing your finances.
Does Revolut Work In Ethiopia?
Does Revolut Work In Ethiopia? isn't available in Ethiopia. The official Revolut website does not list Ethiopia among the countries where its services are accessible. This means that users in Ethiopia cannot utilize Revolut's functionalities such as spending, saving, or transferring money through the app.
While Revolut offers a wide range of financial services globally, including multi-currency cards and international money transfers, these services are not extended to Ethiopia. Users in Ethiopia will need to explore alternative financial solutions for their needs.
Fees and Charges for Using Revolut in Ethiopia
Here are some general costs that users might encounter:
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- ATM withdrawal fees: Fee-free ATM withdrawals up to certain limits based on the plan:
- Standard: £200
- Plus: £200
- Premium: £400
- Metal: £800
- Potential additional fees from ATM providers: These may apply depending on the ATM used.
Is Revolut the Best Option in Ethiopia?
Even if Revolut is available in Ethiopia, it might not be the best option for users due to certain limitations and restrictions that could affect the overall user experience.
- Limited local support: Revolut may not offer extensive customer support in Ethiopia.
- Currency exchange fees: Subject to fair-usage limits and weekend markups, increasing costs.
- ATM withdrawal limits: Fee-free withdrawals are capped, with additional fees beyond limits.
- Potential ATM provider fees: Additional charges may apply depending on the ATM used.
- Regulatory challenges: Possible restrictions due to local financial regulations and policies.
Alternatives to Revolut in Ethiopia
1) OneSafe
OneSafe is a leading alternative payment solution in Ethiopia, offering ease of use, lower fees, and superior customer support. Key features include simple onboarding, multi-currency support, and seamless payments. These benefits make OneSafe a superior option for managing both fiat and cryptocurrency transactions efficiently.
OneSafe Reviews
Users have praised OneSafe for its comprehensive features, including ACH, Crypto, Wire deposits, and Virtual cards, making it an excellent choice for most businesses. The company is recognized for its ease of use and superior customer support, which has garnered positive feedback from users. Notably, OneSafe has been highlighted as the best bank by some users, reflecting its strong reputation in the financial services sector.
2) Wise
Wise offers a multi-currency account, international money transfers, and a debit card, making it a viable alternative payment solution in Ethiopia. Key benefits include cost savings on transfers, no hidden fees, and robust security measures. These features make Wise a practical option for managing finances globally.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users have reported issues with money transfers being returned without notification and challenges with document approval.
Check out more Wise reviews here.
3) Paypal
PayPal offers a secure and convenient payment solution in Ethiopia, featuring global money transfers, customizable checkout options, and 24/7 fraud monitoring. Its wide range of digital payment options and Buyer Protection on eligible purchases make it a reliable choice for both individuals and businesses.
Paypal Reviews
PayPal has a rating of 4.4 out of 5 stars. Users generally mention high transaction fees and a lengthy dispute resolution process. Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Ethiopia
Is Revolut available for use in Ethiopia?
Revolut is not available in Ethiopia. Users cannot access its services there.
Can I use a Revolut card in Ethiopia?
No, Revolut cards cannot be used in Ethiopia as the service is not supported.
Are there any fees for using Revolut in Ethiopia?
Since Revolut is not available in Ethiopia, no fees apply for its usage there.
What alternatives to Revolut are available in Ethiopia?
Alternatives include OneSafe, Wise, and PayPal, which offer various financial services.
Can I transfer money to Ethiopia using Revolut?
No, you cannot transfer money to Ethiopia using Revolut as it is not supported.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Ethiopia is crucial for seamless financial management. While Revolut isn't available, alternatives like OneSafe offer robust features and lower fees. Explore OneSafe for a superior experience in managing both fiat and cryptocurrency transactions. Sign up today!
