The Internet is jam-packed with payment options, from credit cards and debit cards to e-wallets and cryptocurrencies. The speed of these online payment methods varies a lot, though.

Many of them support instant transactions, both when sending money to an individual or to a business. However, withdrawing cash from a merchant site may take anywhere from a few seconds to a week. Below is our list of the fastest online payment methods and why you should use them besides speed.

Skrill

Founded in the UK in 2001, Skrill is now available in over 200 countries worldwide. It is an e-wallet online platform that rivals PayPal (News - Alert) and Neteller. It prides itself in very fast transactions that enable players to earn fast from their online gaming.

Previously called Moneybookers, this e-wallet is still a great choice today. Skrill is able to compete with top-tier companies like PayPal because they stay close in the race to deliver payout within ten minutes of winning as has come to be expected by online players.

It has useful features are that it’s free to create an account, it is fast, safe, and it’s available in many countries. That said, Skrill is particularly effective in industries where other companies don’t support, say online casinos.

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PayPal

PayPal is one of the most popular, fastest and safest online payment methods available today. Famous for how customer friendly it is, PayPal has a solid system that is convenient to use globally.

However, PayPal may not be available in all merchant sites for different reasons. In this case, you can use other online payment methods like Skrill and Neteller. PayPal enables your winnings to be transferred straightaway but the withdrawal may take around two working days.

The upsides of using PayPal are that It is free to sign up, Fast, efficient, and clients need to sign up only once.

Neteller

Founded in Canada in 1999, this e-wallet service is owned by a British company called Paysafe Limited. It is available to millions of people in over 150 countries specializing in transactions to and from gaming sites. It is secure as well as one of the fastest online payment methods available today. It is closely rivalled by Skrill.

It has useful features like free sign-up, fast and secure transactions, you can opt in for a Mastercard, and It can handle currencies from other countries.

VISA.

This company has been entrusted with billions of dollars by top casinos in Europe and this is no fluke. It is one of the most trusted, fast and globally available payment methods around.

In addition to having a worldwide reach, it is safe and one of the fastest methods to deposit and withdraw winnings from any website online. Not a single good casino lacks VISA payment options.

Its key features are that It is very fast and secure, available everywhere in the world, and It is easy to obtain the credit/debit.

Ecopayz

Also known as Ecocards, this service was founded in 1999. It has grown tremendously from then to being available in nearly all good casinos.

A major reason why it is very popular is that it enables casino players to make withdrawals from the casino, to its financial facility and then transfer winnings directly to their pre-paid credit card. This makes the service one of the fastest available today.

Key features include free sign up, fast and safe transactions, and It has a user-friendly system.

Mastercard

Founded in 1966, this is one of the most popular and reputed services in the world. Available in countless merchant websites globally, Mastercard offers one of the fastest methods to withdraw and deposit funds for shopping and gaming websites from around the world.

It takes between one to five working days for most online Mastercard casinos to cashout. Key features include large welcome bonuses, it is one of the fastest methods of online payment, and one can deposit huge amounts of money.

Trustly

Trustly is owned by the Trustly Group AB and licensed to operate across international borders by the Swedish Financial Supervisory Authority.  One of its unique features is that clients do not need to sign up at all.

You just proceed with your online account details with Trustly bank partners anywhere. This adds to how fast withdrawal transactions carried out on this platform.

Key features are that clients don’t need to create accounts, it is very fast and reliable, and operate over a secure network.

American Express (News - Alert)

Having maintained its standards of fiscal responsibility and integrity, it is considered a first-class credit card. Paying to game online is profoundly easy and fast using this card. One needs only have a card available to them.

It is however only available to a few casinos due to America’s strict laws on gambling. It has advantages such as high security, it is easy to make payments with, it is fast and convenient to use, and ease of transaction because you only need your card and password.

Cryptocurrencies

This is fast rising payment method in casinos. Particularly popular in America, cryptocurrencies like Bitcoin are fast gaining traction in the online industry due to its high speed, security and high standards of privacy. They are especially favored by the new generation of Internet users.

It has advantages like fast transactions, clients can use it without confirming any of their personal details, and It can be used across state and regional boundaries without exchange costs.

PaySafeCard

 A famous pre-paid card available for online casinos and requires no personal bank information. When using it, you’ll receive a 16-digit PIN for all online transactions. You can also use it like a regular prepaid card and withdraw your winnings to a bank account or PayPal. It is also popular in Europe for how fast and convenient it is.

Its major advantages are that it is very fast and easy to use, it’s secure, does not require disclosure of any personal banking information, no transaction fees when paying, and users can opt in for a pre-paid Mastercard.