Paypal Alternatives. Not all binary options brokers accept Paypal deposits and withdrawals, however there are many other good alternatives to Paypal. The most popular payment methods used by traders are: Credit and debit cards (VISA, MASTERCARD) Bank Wire (especially for bigger deposits over $1000) [no recommended binary options brokers currently accept paypal deposits or withdrawals] Founded in the late 1990s, PayPal initially comprises of two separate entities. Later these two companies merged together in year 2000 into a single entity and was brought over by eBay in 2002 for $1.5 billion. Most binary options brokers accept credit cards, wire transfers, and various e-wallet services as methods for depositing funds into your account.A few also offer Paypal deposit options. Paypal is used by millions of people online, and functions much like an e-wallet service. Your funds remain in your account until you decide to purchase something, process a withdrawal, or transfer the funds ... The fact that many binary options brokers use and even prefer this method of payment since it takes less time than others. In addition, some brokers even have special bonuses and extra benefits such as shorter transaction time for those traders that choose PayPal as their payment method. The second issue of using Paypal with binary options is that most brokers simply do not have it. The main reason is due to the fact that Paypal is not a big fan of online gambling and as you know, binary options definition is still not 100% clear. As a result, many binary brokers are not able to implement this payment method in their platform.
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