Below you find a list of the best binary options brokers that allow deposits and withdrawals by PayPal:
Binary Brokers with PayPal
About PayPal
Established in the late 1990s as two distinct companies, PayPal eventually merged into a unified corporation in the year 2000. Subsequently, eBay acquired the company in 2002 for a sum of $1.5 billion. As of today, PayPal stands as a leading online payment service provider, boasting over 250 million users across 190 markets. However, it’s worth noting that PayPal does not operate in countries like Afghanistan, Bangladesh, Iraq, Montenegro, Pakistan, and those on the U.S. economic sanctions list.
PayPal’s User-Friendly Interface
PayPal is renowned for its reliable and user-friendly online payment system. No additional maintenance is required once users open and verify their eWallet accounts. Assuming a sufficient balance in their PayPal accounts, users can swiftly transfer funds to other PayPal users or to merchants who accept PayPal as a payment method. Additionally, PayPal allows users to link their credit cards to their accounts, eliminating the need to enter credit card information online repeatedly. Users can also link their bank accounts to their PayPal accounts, facilitating easy balance top-ups from either their bank accounts or credit cards.
Regulatory Compliance
Although an American-owned company, U.S. regulatory authorities license PayPal as a money transmitter under Federal Reserve Board Regulation E. It also makes concerted efforts to align its global operations with local regulatory norms. For instance, its operations within the European Union are managed by a Luxembourg-based bank in compliance with the EU’s Markets in Financial Instruments Directive (MiFID). Other international activities are overseen by their office in Singapore.
Security Measures
Contrary to the notion that its user-friendly interface might compromise security, PayPal employs robust encryption technologies. Any unusual or suspicious activity in an account triggers immediate alerts, leading to account suspension until the account holder’s identity is verified.
Limited Acceptance in Binary Options Trading
Despite its numerous advantages, PayPal is not universally accepted by all binary options brokers, primarily due to the high transaction fees it charges (approximately 6.4% per transaction).