I just came across your company and you’re doing great job, thanks!
I’d like to ask: is it possible to choose the country encoded into BIN code of a virtual or physical Revolut card? If not, what will be the BIN if I order a card?
It matters to me becuase some merchants (notably Airbnb) use BIN to calculate your country and then force you into paying in the “currency of the card” with high conversion fees. For example, assume the if the base currency of an arbnb is EUR, and I have only the EUR in my Revolut account. If my Revolut’s card is issued with British BIN, when I try to reserve an airbnb, Airbnb service will force the usage of GBP for this transaction with their poor conversion rates and fees. I’ll end up converting EUR (account) -> GBP (with a good Revolut rate) and then GBP -> EUR (with poor Airbnb rate). Not fun
I’d love to use Revolut to circumvent these fees. In fact, usually rather reluctant to engage in “monthly payments”, I’d be happy to set up premium Revolut account if it gave the option to choose the country of the card embodied into BIN.
Oh nice. Years ago I used to work online and get the wage via a bank in Belize to avoid paying taxes all the time when I hear about Panama/ Belize/ Bahamas/ Nicaragua or other countries there I remember I didn’t paid the ANAF
Note: if anyone comes saying @Iskender should pay taxes etc, while that may be true, remember that most GAFAM pay next to nothing in taxes in our countries, and that pisses off good honest citizens. Rather than complain, give a high 5 to @Iskender
@sygi, since 3rd December 2018 this practice breaches Regulation (EU) 2018/302. A merchant can no longer impose different conditions based on your card’s EEA country of issue. Changing the transaction currency is most definitely a different condition.
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Revolut Ltd is registered in England and Wales (No. 08804411), 7 Westferry Circus, Canary Wharf, London, England, E14 4HD and is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562). Revolut Travel Ltd is authorised by the Financial Conduct Authority to undertake insurance distribution activities (FCA No: 780586). Our insurance products are arranged by Revolut Travel Ltd and Revolut Ltd, which is an appointed representative of Revolut Travel Ltd. Revolut’s stock trading products are provided by Revolut Trading Ltd (No. 832790), an appointed representative of Resolution Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority.
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