There are currently no binary options brokers that accept Paypal. Either deposit or withdrawal method. This page will of course be updated as soon as the broker starts accepting Paypal, but for now the remittance provider has ceased operations in the binary sector. The broker has moved away from Paypal due to high transaction costs.
We recommend looking into other eWallet providers like Skrill and Neteller. These companies are widely accepted by most brokers.
Top brokers that accept Skrill or Neteller
About PayPal
When PayPal first transacted in December 1998, it initially consisted of two of two separate entities. As the business grew, these two companies merged into a single organization in 2000. The business was purchased by EBay in 2002 for $1.5 billion. Today, PayPal is one of the leading online payment service providers with over 300 million users in over 200 markets. Some countries are not supported by PayPal, including Afghanistan, Bangladesh, Iraq, Montenegro, Pakistan and those listed on the US economic sanctions list.
PayPal offers an online payment system renowned for its reliability and ease of use. After opening and verifying the e-wallet account, no special maintenance is required on the part of the user. If a user has sufficient funds in their account, they can almost instantly transfer funds to other PayPal account holders or merchants who use PayPal as a payment method. Account holders can also link a credit card or bank account to their account. This eliminates the need for users to post their credit card information online for each transaction. It also gives customers the ability to pay even if there is not enough money in their Paypal balance. Shortage is requested via card or wire transfer.
Reliability of payment methods
Although PayPal is owned by a US company and licensed by US regulators as a money transmitter under Federal Reserve Rule E, it also operates within all local regulatory requirements. For example, operations within the European Union are handled by Luxembourg-based banks under “PayPal” under the EU’s MiFID. Other international operations are handled by our Singapore office.
Although easy to use, security is still a significant advantage. Their systems are protected with one of the strongest encryption systems online. We also monitor your account for any suspicious or irregular activity. It can immediately trigger an alert where the account will be suspended until the identity of the account holder can be verified.
PayPal in Binary Fields
Despite the obvious advantages of the PayPal online payment system, PayPal is not widely accepted by most binary brokers because of the high transaction fee (around 6.4%) charged on each transaction. Binary brokers have also suffered from the poor reputation of their products. PayPal decided to stop doing business with certain brokers and ultimately stopped working in this sector.
