PayPal is an online payment services provider that allows its users to transfer funds electronically. PayPal users obtain a PayPal e-wallet account in which they can easily deposit, send, receive, or withdraw funds. As well, they can make online purchases which includes the depositing of funds into an online trading brokerage account. PayPal has grown to be a huge multinational payment services company and now boasts over 100 million active PayPal accounts in 190 markets world wide. Users of PayPal can fund their e-wallet accounts by linking it to their personal bank accounts or through adding their debit/credit cards. By using PayPal for payments or deposits, a users personal and financial information is kept secure and anonymous. It is a safe, fast and secure method of payment for online transactions.show more
Many traders prefer to deposit funds into their trading account with PayPal so that they do not have to send personal and financial information over the internet where it could get intercepted by hackers and fraudsters. Using PayPal for deposits is easy, follow the steps below to learn how to deposit funds into your online trading account via the transfer funds method.
(This method is only applicable with some online trading brokerages, for others, you will have to use the PayPal payment method).
PayPal offers their users various benefits for using their payment service. Below we outline some of these key benefits.
Quick & Easy Payments – With PayPal’s money transfer method, traders can easily and quickly send money directly to their trading account. There is no other method more secure as it is linked directly to your personal PayPal account. As well, using PayPal’s e-wallet payment method is fast and easy to use. When the broker offers this method all you need to do is click on the PayPal payment method, log in to your account and the payment is completed. There is no need to enter in your financial information more than once.
Safe & Secure – PayPal payments come complete with 24/7 fraud detection monitoring, alerts and notifications if there is suspicious activity with your account, and your personal and financial information is never sent online.
Earn Rewards – You can earn points for depositing funds and making payments with PayPal. You can use these rewards to shop or make payments online.
Low Fees – PayPal offers their users very low fees. There are no fees for making deposits into your trading account with PayPal on their end.
Management – Deposits via PayPal are very easily tracked and documented. Traders can easily see a record of each deposit they make through this method of payment, thus making it more easy to manage their money.