There are currently no binary options brokers that accept Paypal. Same as deposit or withdrawal method. These pages will of course be updated where brokers start accepting Paypal, but for now money transfer providers have stopped operating in the binary sector – brokers have also moved away from Paypal due to high transaction costs. We recommend looking at other eWallet providers – namely Skrill and Neteller. These firms are widely accepted by most brokers.

Top Brokers Accept Skrill or Neteller

About Paypal

When PayPal first went public in December 1998, it initially consisted of two separate entities. As the business grew, the two companies merged in 2000 into a single entity. The business was later purchased by eBay in 2002 for $1.5 billion.

Today, PayPal is one of the leading online payment service providers with more than 300 million users in 200+ markets. Some countries are still not supported by PayPal, such as Afghanistan, Bangladesh, Iraq, Montenegro, Pakistan, and any listed on the US economic sanctions list. 

PayPal provides an online payment system known for its reliability and ease of use. Once the eWallet account is opened and verified, there is no special maintenance required by the user.

Where users have sufficient funds in their account, money can be transferred almost instantly to other PayPal account holders or merchants that accept PayPal as a payment method.

Account holders’ can also link their credit card, or bank account to their account. This eliminates the need for users to enter their credit card details online for each transaction. In addition, this also gives customers the ability to make payments even if there are insufficient funds in the Paypal balance – any shortfall will be requested from the card or via wire transfer.

 

 

Reliability Payment Method

Although PayPal is owned by an American company and is licensed by US regulatory authorities as a money transmitter under Federal Reserve Regulation E, it operates within any local regulatory requirements. For example, operations in the European Union are handled by banks based in Luxembourg under “PayPal” in line with MiFID EU.

Other international operations are handled by their Singapore-based office. Despite ease of use, security remains a major strength. Their system is protected with one of the strongest encryption systems online. In addition, the account is monitored for suspicious, or irregular activity from the account. This can immediately trigger a warning that leads to account freezing until the identity of the account holder is verified.

Paypal In Binary Sector

Despite the obvious benefits of the PayPal online payment system, PayPal is not widely accepted by most binary brokers because of the high transaction fees (around 6.4%) charged on each transaction. Binary brokers also suffered due to poor product reputation – Paypal decided to stop dealing with certain brokers, before finally ceasing to work in the sector altogether.