Top 3rd Party Tools for Bank Account Transfer

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When you want to transfer your money from your bank account to a marketplace or a platform online, of course, the most obvious way is to make a bank transfer. This means providing your bank account info to your merchant in order to process a payment. However, if you have ever tried this mode of payment, you are surely aware that it has many drawbacks. 

First of all, it’s not among the safest payment methods. Secondly, there can be high fees connected to making a bank deposit. Last, but not least, it can take days for your bank account funds to reach your desired destination. That’s where third party payment tools come in. By circumventing the usual bank transfer procedure, they make bank account payments simpler, easier and quicker. All you have to do is install one of these banking apps and connect credit cards to your bank account.

A decade ago, there weren’t that many options for third party bank payments out there. Nowadays, the market is absolutely full of them: the biggest problem is choosing which one to go with. To make your life easier, we have compiled a list of the top 3rd party tools for bank account transfer:

#1 PayPal

PayPal is, without a doubt, the most popular digital payment platform in the world. In 2019, PayPal reported a user base of 277 million, which is by far the biggest number of all third party banking platforms out there. There is a myriad of perks you get when you do banking with PayPal. First of all, it was the first online tool that introduced international payments, which also simplified and increased international eCommerce.

Nowadays, you can see PayPal offered as a payment mode in basically any online marketplace you enter.

One of its biggest perks is the security. Compared to traditional bank transfers, PayPal transfers are immeasurably safer. The site uses encryption and high-tech security infrastructure in order to shield your payments from any potential danger. You can also find PayPal offered as a payment platform in online casinos. After signing up at instant bank transfer online casinos with fast account deposit, you can choose the PayPal option and get on with playing in just a couple of seconds!

#2 WorldRemit

WorldRemit was founded in 2010 and has been designed to provide payment services for migrants, meaning easy and fast international payments. The company is headquartered in London and employs around 600 people. In order to start using WorldRemit, you need to choose which country you want to send money to on the homepage.

However, first you need to check whether your country is supported by WorldRemit. If it is, you will be able to enjoy fast and easy mobile phone payments with bank account to any international merchant.

#3 Pingit

Pingit was formerly known as Barclays Pingit, because it was founded by the British Barclays bank. At first, the service was offered only to Brits, but as it grew in popularity, it spread to offer its service in other countries as well. Pingit is one of the most popular mobile payment methods in the United Kingdom.

You can use it to send quick payments to your loved ones (and receive them), pay online merchants or gamble in online casinos. There are numerous ways in which you can top up your Pingit account, so the deposit process is very flexible. 

#4 Azimo

Azimo is also a British online payment platform founded in 2012 and headquartered in London. Upon its founding, Azimo provided its users with some of the most innovative services in the payment sphere, which is why it has tons of loyal customers and supporters. 

It enables instant transfers to over 50 countries, making it a payment platform with one of the greatest instant payment coverages in the industry. Fast payments also mean that your payment to a merchant will clear right away, so you won’t need to go through processing times and pending payments. 

#5 Venmo

Venmo is one of the most popular instant transfer payment services in the world owned by PayPal. It was founded in 2009, and it was designed as a payment app that would enable super-quick payments among friends. Now, Venmo offers one-click money transfers, money requests, check splitting, millions of payment locations etc.

However, the most obvious and biggest downside of Venmo is that it works only in the US. Namely, you can use Venmo abroad, but you have to connect a US bank account in order to start sending and receiving payments.

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