Over the past few years, trading in the binary options market has become quite popular. With the ease of use on most trading platforms, even binary options traders who are new to this market can be easily able to begin trading within a short period of time.
Regardless of one’s trading experience, though, it is necessary to first fund a trading account. Binary options brokers typically will accept a number of different payment methods – and in most cases, several different countries’ currencies are also accepted.
Introduction to PayPal
One payment method that has been popular for numerous types on online transactions is PayPal. This global e-commerce company allows both payments and money transfers to be made via the Internet.
What is PayPal?
PayPal performs payment processing for a number of different forms of online businesses, including auction sites, online product and service vendors, and other types of commercial users.
This site charges a fee for receiving money. The fee typically depends upon several factors, including the type of currency that is used, the amount of currency in the transaction, and the country of both the sender and the receiver of the funds.
When was PayPal Founded
PayPal was originally founded on March 1, 2000. The company’s headquarters is located in San Jose, California, although PayPal also has numerous other U.S. locations, as well as operations in Tel Aviv, Dublin, Chennai, and several other sites across Europe.
Who Owns PayPal?
Although PayPal was originally founded by Peter Thiel and Max Levchin in 2000, PayPal became of wholly owned subsidiary of the online auction site eBay in late 2002. Over the past decade, PayPal has become enormously popular worldwide.
Why is PayPal So Popular?
One reason why PayPal is so popular is the ease with which users can send and receive money. This company works in a similar fashion to an electronic bank, although it is not regulated via standard banking regulations.
PayPal users can send payments to anyone who possesses a valid email address in over 55 countries and regions across the globe. Payments may also be received by PayPal users, and can be quickly transferred to either a bank savings or checking account, or into a money market fund at PayPal itself.
Are There Any Online Binary Options Brokers that Offer the Use of PayPal?
Currently, there are no online binary options brokers that offer the use of PayPal. One reason for this is because the sending and receiving rules of PayPal are quite strict. In addition, the movement of funds to and from PayPal can oftentimes take up to 5 days for users who are in the U.S., and up to one month for non-U.S. users. Therefore, as time is of the essence for many binary options traders, PayPal may not be the best option in terms of account deposits and withdrawals.
PayPal is considered to be a safe and secure method of transferring funds between both individuals and entities. This option provides a great deal of safety and privacy of information for its users. As PayPal’s rules are quite strict, however, it is not currently a funding option for online binary options traders. Traders who are interested in using PayPal as an option may wish to contact their binary options broker in order to determine if PayPal may become a funding choice in the future.