5 Fastest Online Payment Platforms

Thanks to technology, we live in a world where we can get the things we want quickly: streaming movies and shows at home, ordering food to our front doors, buying the newest video games online.

Even sending your friend a few bucks for yesterday’s coffee date or moving money into our bank accounts only takes minutes. In fact, online payment platforms are becoming more and more popular to manage funds and make electronic money transfers.

Which Online Payment Platform to Choose

Various companies have come out with their own versions of an electronic payment platform over recent years, making it somewhat challenging to pick the best one. In this article, we’ll explore some fast and easy platforms, along with some more information about their features and strengths when it comes to sending and receiving money online.

1. Due

This digital wallet takes as little as one business day to transfer funds. Sending money to your friends becomes easy and quick with this mobile payment app that can sync with social media, email accounts, and phone contacts. There’s even an option to split a payment between multiple people, for example, if you go out to dinner with a group and want to split the bill. Due’s technical support team is available through live chat and on the phone if you were ever to run into any issues with their platform.

2. Apple Pay

For iPhone and other Apple product users, this option is especially accessible and convenient. It’s as simple as placing your iPhone, Apple Watch, etc. close to an Apple Pay-compatible payment terminal. The Apple Pay app will complete the transaction for you, sending the correct amount of money right from your account. You can also use the app to make payments online or exchange money with friends and family. If you get an Apple card and use it with Apple Pay, you can earn 2% cashback on your daily purchases.

3. iDebit

This is an online payment method available for various banks in Canada that works with your online banking to make electronic transactions seamless and secure. When withdrawing funds from iDebit, the method you choose will affect how long you wait to see those funds in your bank account, but the transfer will be complete in a maximum of 5 business days. This platform is very friendly for gamers and wagerers who don’t have time to visit a casino. If that’s up your alley, check out an iDebit online casino; there are plenty of options.

4. Skrill

Since its start in 2001, Skrill has built a customer base of millions of users. It’s popular thanks to some cool features like instant withdrawals and deposits, the ability to pay with 40 different currencies, and a 24/7 virtual assistant named Sofia. If you refer a friend to Skrill, they’ll deposit 10% of that friend’s paid fees into your account for one year. And if you sign up for their loyalty program, Knect, you can earn cash rewards points through nearly all of your transactions.

5. Venmo

Owned by PayPal, Venmo is the ideal app for social spending, since you have the option to share your transactions with friends through a sort of feed. By connecting the app to your bank account, you can send and receive funds within minutes. There is a fee for instant deposits into your bank account, but you can avoid this by waiting three to five business days for a free deposit. Venmo is widely used, so there’s a good chance that whomever you’re paying is already signed up.

Start Making Instant Online Payments

Once you know which app best fits your needs, it’s time to download it, sign up, and connect your banking info. Most online payment platforms will offer information on their website about how they keep your information secure, in case that’s something you’re worried or curious about. When you’re making payments, make sure you’re sending the correct amount to the correct person. Verify their info with them beforehand to make sure you’re sending funds to the right account. This will save you from a headache later on down the road, and ensure you have a smooth experience while enjoying the convenience of instant online transactions!