PayPal Binary Options Brokers

PayPal is one of the most popular electronic moneys in the world which has over 300000000 clients.PayPal Binary Options brokers are suit for us traders. For the first time, Americans used PayPal for shopping on Amazon and EBay, and then spread all over the world.

The general structure and main purpose of PayPal

is to hide credit or debit cards information. When people try to pay, their information is not accessible for the site and in fact the payment is done safely, that is customer enters his or her information in PayPal, and PayPal acts as a buy mediator which delivers money to that service provider.

PayPal provides a guarantee for customers, in case he does not receive the proper service. Imagine, someone from Italy buys a product, but it is not what he wants. For example, he orders a MacBook Pro (Core i7, 16 GB RAM), but receives one which is not the same or is broken. He can easily send a refund request to PayPal and for example claims that he has not received the exact order and the service provider has several days to answer the complaint. PayPal has a judicial committee. If his answer does not satisfy them, the money will be returned to the customer who can return the product or not.

PayPal security

Practically, PayPal is a very safe money for customers in comparison to service shoppers. For some countries such as the United States, Canada, Japan, and some European countries, PayPal could be proper for using in Binary Options sites. This is due to the fact that traders from these countries have the enough capability of risk taking and losing money. This means when they lose their money on a broker, do not make a refund request and this is not true for all countries and there are some cases of abasement. This is why Binary Options brokers does not accept PayPal Electronic Money from every country.

Many electronic moneys are instant like paypal

That means when payment is done even if you make a mistake. It cannot be undone and there is nothing called as refund. It may have some advantages and disadvantages. It is good for service providers because they are sure that the received money cannot be returned and bad for customers in a way that they may get scammed and not receive the ordered product. However, the service provider is paid and the money cannot be refunded. Honestly PayPal Binary Options brokers is just Suit for Us traders.

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