Trading Binary Options with PayPal

Without a doubt, PayPal is the leading eWallet in the world. As people continue to trade online more and more, millions continue to make their payments with PayPal. One of the key reasons for the success of PayPal is the fact that the service is owned by EBay, the world’s biggest online marketplace by far. PayPal is also useful in securing online payments since the service acts as a trustee, making online transactions and shopping safer. However, this is still not the case for traders in binary options since there are still only a handful of brokers who accept PayPal.
In spite of the fact that the majority of online binary options traders have PayPal accounts, they still find it difficult to find a reliable options brokerage where they are able to make deposits and receive their withdrawals with this eWallet. This is particularly inconvenient if a trader has money in their PayPal account that they would like to deposit with a broker without going through the time and expense of moving it from their eWallet first.
PayPal vs the RestPayPal is by no means the only major eWallet available, although it is the most popular. There are other major services available including Click2Pay, Neteller, ClickandBuy, and Skrill among others. Some of these only operate in certain countries or regions and may not be available to foreign users. The network externalities that exist with PayPal are what have made it so much bigger than its competitors. By joining forces with EBay, and being integrated into the online auction site’s payment system, more people signed up, making it the undisputed leader in the field.
Funding Binary Options Accounts through PayPalThe stringent anti-fraud measures that have made PayPal such a trusted name in online commerce have also been a major reason why there are so few binary options brokers who accept this eWallet. These steps include strict regulation of new accounts and rules that prevent individuals from countries with weak financial legislation from signing up. The result is that PayPal is not a viable option yet for the vast majority of binary options brokers, although a few exist who accept PayPal for payments and deposits.
Major brokers who accept PayPal transactions from countries where the service is not restricted include Empire Option and OptionXP. There are also a handful of smaller brokers who accept PayPal as well. These brokers offer an alternative to traders who do not want to use their credit cards to make deposits and would rather link their trading account to their PayPal account. There are negatives, however, to using PayPal to fund a binary options trading account – The main one is that PayPal charges a small commission whenever a trader makes a withdrawal from their trading account into their PayPal account. For some traders this might be an unnecessary expense but first check with your bank or credit card company regarding the fees they might charge and compare which option will suit you best.

Source: https://www.linkedin.com/pulse/binary-options-paypal-martin-yohaness?trkInfo=VSRPsearchId%3A745542961467777155267%2CVSRPtargetId%3A8945180714477923220%2CVSRPcmpt%3Aprimary&trk=vsrp_influencer_content_res_name