In this article, you'll discover whether Revolut works in Sri Lanka, explore some drawbacks if it is available, and consider potential benefits. Stay tuned to find out more.
Does Revolut Work In Sri Lanka?
Does Revolut work in Sri Lanka? The Revolut card is not available for residents of Sri Lanka. This means that individuals living in Sri Lanka cannot order or use a Revolut card for their financial transactions.
However, Australian residents can use their Revolut cards for everyday spending while in Sri Lanka. This includes taking advantage of competitive exchange rates and low transaction fees, making it a viable option for travelers and expatriates visiting the country.
Fees and Charges for Using Revolut in Sri Lanka
Here are some general costs that users might encounter when using Revolut in Sri Lanka:
- Transaction fees: The Revolut card offers low transaction fees when used for spending in Sri Lankan Rupees.
- Currency conversion fees: Using the Revolut card in Sri Lanka allows for currency conversion at competitive exchange rates, implying low currency conversion fees.
- Withdrawal fees: The Revolut card offers low-cost currency conversion and cash withdrawals.
Is Revolut the Best Option in Sri Lanka?
Even if Revolut were available in Sri Lanka, it might not be the best option for users due to several limitations and restrictions that could impact its usability and convenience.
- Limited availability: Revolut cards are not issued to Sri Lankan residents.
- Service disruption: Relocating to Sri Lanka may deactivate your Revolut card.
- ATM fees: High ATM fees can apply when withdrawing cash in Sri Lanka.
- Currency exchange: Exchange rates may not always be favorable compared to local options.
- Customer support: Limited customer support for issues arising in Sri Lanka.
Alternatives to Revolut in Sri Lanka
1) OneSafe
OneSafe is a leading alternative payment solution in Sri Lanka, offering a seamless and user-friendly experience. With lower fees, efficient onboarding, and robust customer support, OneSafe stands out as a superior option. Key features include multi-currency support, global payments, and advanced security measures, making it ideal for modern financial needs.
OneSafe Reviews
Users have praised OneSafe for its comprehensive banking services, including ACH, Crypto, Wire deposits, and Virtual cards. They appreciate the support for a wide range of businesses, making it a versatile choice for many. OneSafe is often described as the best bank users have experienced, highlighting its efficiency and user-friendly features.
2) Wise
Wise offers a multi-currency account, international money transfers, and an international debit card, making it a practical alternative payment solution in Sri Lanka. Key benefits include low fees, fast transactions, and robust security measures. Wise supports the Sri Lankan rupee, providing a convenient option for global financial needs.
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 Sri Lanka, featuring global shopping and selling capabilities, 24/7 fraud monitoring, and Buyer Protection. Users can link multiple cards for seamless transactions, making it a reliable option for both personal and business financial needs.
Paypal Reviews
PayPal has a rating of 4.4 out of 5 stars. Users have mentioned high transaction fees and a lengthy dispute resolution process. Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Sri Lanka
Can Sri Lankan residents sign up for a Revolut account?
No, Revolut accounts are not available for residents of Sri Lanka.
Can I use my Revolut card while traveling in Sri Lanka?
Yes, travelers can use their Revolut cards in Sri Lanka for transactions and withdrawals.
Are there any fees for using Revolut in Sri Lanka?
Yes, there are low transaction and currency conversion fees when using Revolut in Sri Lanka.
What are the alternatives to Revolut in Sri Lanka?
Alternatives include OneSafe, Wise, and PayPal, offering various financial services and benefits.
Does Revolut offer customer support for issues in Sri Lanka?
Customer support for Revolut may be limited for issues arising in Sri Lanka.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Sri Lanka is crucial for seamless financial transactions. While Revolut is not available, alternatives like OneSafe offer robust features and lower fees. Explore OneSafe for a superior banking experience. Sign up to OneSafe today!
