One of the most trusted online payment methods for stock CFD brokers and others, PayPal allows individual users and businesses to send and receive money without using bank wire transfers or credit cards, while still ensuring a quick and secure transaction. The service has been around since 1999, and was one of the first online payment services that allowed users to send money electronically regardless of where the parties were located.
With no geographic restrictions, PayPal is popular amongst brokerage companies due to the flexibility it offers. The payment platform can also be linked with multiple credit cards and bank accounts for direct transfers, including withdrawing and depositing money. Lastly, the PayPal account can also be connected to a PayPal debit card to conveniently spend money that is held in the e-wallet.