Considering that PayPal is one of the most widely used e-wallets in the world, it is not strange to wonder if it is possible to buy stocks with PayPal funds. Although it is not possible to buy stocks directly on PayPal, it is possible to use stock brokers and other services to buy stocks with your PayPal account.
There are different platforms through which you can buy stocks with PayPal. Still, it is important to evaluate their reliable pages where your personal information is always protected.
How can I buy shares with PayPal?
Like all PayPal transactions, buying shares is simple when done properly. The first thing you need to do is to open a business account and verify the account by uploading a valid photo ID and a certificate proving residency.
All the above procedures will be done on the trading platform. Once inside, you need to find the deposit option and choose PayPal as the payment method. Now it is time to buy the shares.
Inside the trading platform, you will find the different shares for sale, and you can select in the control panel the required options and click on “buy.” On the new page, enter the position size in the order box and click on “buy” again.
Platforms to buy shares using PayPal
Before creating an account on a trading platform, you need to consider the stocks you want to buy to determine which broker to use. Learning how to buy stocks with PayPal is easy.
There are some alternatives to registering and purchasing new shares. Again, it will all depend on the desired stocks; some popular platforms are:
Capital.com
Capital is one of the popular brokers where it is possible to invest in stocks using PayPal. It is recognized worldwide for its low-priced CFD trading services. It is an online site where you can trade 3600 CFDs on stocks and a selection of indices, commodities, cryptocurrencies, ETFs, and currencies.
As part of Capital.com, users benefit from 0% commissions on transactions because all commissions are integrated into the bid/ask spread.
The spread is also quite tight, especially for highly traded stocks. It can be as low as 0.7 points during peak trading. However, it is an online site that does not accept traders who have their trading headquarters in the US.
eToro
Another popular platform for buying stocks with PayPal is eToro. It has at least 25 million investors and traders on its platform who are registered. After creating an account with them, you can buy stocks starting from $10.
These amounts are allowed because the platform accepts fractional share trading, indicating that you can invest in large-cap stocks such as Etsy, Samsung, Matterport, Adobe, XELA, and Amazon.
Is PayPal a good choice for investors?
When the right platforms are chosen, it is an excellent option for quick transactions with minimal fees when investing. Although it has lower transaction limits than wire transfers, Paypal allows you to do convenient banking with simple transactions. Thus, there is the possibility to purchase shares with just one click.
PayPal remains a safe and reliable financial platform for completing transactions such as investing in market shares. You have to check where you will carry out the transactions carefully.