What is Paypal?
Paypal is the main electronic payment system in the world. It is used by millions of users to send and receive payments online. The company Paypal Inc is owned by eBay Inc. and was founded in 2000. It was one of the first electronic payment system and is currently the most popular. Although each Paypal account has balance associated with it, the company does not use any virtual currency system because it is a pure payment system. So it can not be considered a bank and not paying interest on money deposited.
Paypal accounts are anonymous and are based on the customer’s email. However Paypal requires a credit card to verify the account, add funds and send money to other customers. Paypal earnings come from commissions charged by the company for sending and receiving money. Paypal is used by multiple Forex brokers as a method to add and withdraw funds from the trading account. As a method of payment, Paypal is very convenient because the transactions are immediate and allow customers to operate in their account in less than a day. Also, Paypal allows you to use the customer’s credit card without exposing this directly. Paypal is accepted in most countries of the world and is used by many brokers, making it a very suitable method of payment. Through this link, you can access a list of Forex brokers that accept PayPal as payment method:
If you want to open a Paypal account (is free) to trade in the Forex market or make money transactions using the Internet, you can do so through the following link: