Until few years ago, people had to face several difficulties while making payments or depositing money to their accounts. These difficulties were mainly due to the lack of convenient facilities which are now available through online payment methods. In order to be able to make transactions, people had to visit personally the bank, which required a lot more time as compared to the facilities available today, thanks to the technology expansion. There are different online payment methods available in different countries of the world. Online payment methods include debit and credit cards, bank wire and e-wallet payment. These payment methods allow the traders to execute transactions at any time and from any place.
There are different online payment methods available in different countries of the world. Online payment methods include debit and credit cards, bank wire and e-wallet payment. These payment methods allow the traders to execute transactions at any time and from any place. Below in the article, we will provide you information of various online payments methods which are not only quick in processing but are also legitimate, legal and completely reliable. These payment methods speed up the whole process of binary options trading.
Most of the payment methods discussed below are very popular among the traders from UK and USA especially. These payment methods are not restricted to USA or UK only, they are also available for binary options traders around the globe. With these multiple options, mentioned above in the text, the processing of transactions becomes even quicker and more effective. Moreover, it largely simplifies trader’s process in binary options trading. These online payment methods make it possible for the traders to benefit from different online markets without being restricted to the native country. For this reason,
Moreover, it largely simplifies trader’s process in binary options trading. These online payment methods make it possible for the traders to benefit from different online markets without being restricted to the native country. For this reason, binary options brokers offer a wide range of deposit and withdrawal payment methods. So let us introduce you to more detailed online deposit and withdrawal payment methods.
Debit and Credit Card Payment Method for Binary Options
A debit card is a card which the bank gives you for making online/electronic transactions. This card contains the name of the bank account cardholder with a unique card number. The debit card provides a better opportunity for the traders to make electronic transactions rather than arranging for cash to make the payments. Maestro debit card is widely used by the Europeans. The main difference from credit card is the fact that with debit card, withdrawal process is done instantly from the account and a new balance on the account is immediately visible.
When we talk about the credit cards, the most important thing is that the local banks are authorized to issue credit cards to their customers. Credit cards work on principle that customers has to pay full amount at the chosen due date once a month. World’s most popular credit cards are: MasterCard, Visa and American Express.It is important to mention that despite the availability of some reliable online payment methods, credit cards succeed to be a most widely used method in the whole world. This is simply due to the credibility which has developed during the recent years and people have become used to card payment.
The major benefit of these online payment methods is that they allow the customers to make the necessary payments within time without any obstacles or unexpected delays. The quick and reliable service has attracted the people from all over the world. Following is the percentage breakdown of credit card users along with other payment methods in several European countries:
- Italy – Credit/Debit Cards 73%, PayPal 18%
- UK – Credit/Debit 75%, PayPal 20%
- France – Credit/Debit 57%, PayPal 25%
- Germany – Bank Wire 46%, other methods 26%, Credit/Debit Cards 9%
- Spain – Credit/Debit Cards 37%, Cash payment 23%
Bank Wire Transfer in Binary Options
Bank Wire is payment method between two different banks that can be done in one day. There is certain number of binary options traders who use this method to deposit money with the respective binary options brokers. Although the money is transferred within one day, even then it is quite slow and a bit complicated process. The traders who are comfortable with other online payment methods seem to be reluctant of using wire transfer. This is a slow process and sometimes it takes two to five working days so that is why it is not highly preferable nowadays.
In order to deposit money through wire transfer, the traders need to provide some information to the bank which includes the SWIFT Code, IBAN, name of account holder. For the coming transfers, banks usually charge $13. In case of outgoing transfer, fee is $25. In case of the International wire transfer, the processing fee amount is $40.
E-Wallet – Popular Binary Options Payment Method
Among the latest online payment methods, e-wallet is considered to be a reliable and quick online payment method. E-wallet is basically a virtual account which serves as an online account for the customers worldwide. The customers need to register with the online portal providing the legitimate information. E-wallet is mostly popular among the people who do a lot of online transactions, from binary options trading to online shopping. This payment method is quite reliable because the customer’s original debit/credit card information is never shared with anyone, not even with the online stores. This is the perfect way to pay online while keep the identity secured and safe reducing any chance of possible identity theft. Some popular E-Wallet online service providers will be discussed in detail later in this article.
E-wallet is mostly popular among the people who do a lot of online transactions, from binary options trading to online shopping. This payment method is quite reliable because the customer’s original debit/credit card information is never shared with anyone, not even with the online stores. This is the perfect way to pay online while keep the identity secured and safe reducing any chance of possible identity theft. Some popular E-Wallet online service providers will be discussed in detail later in this article.
The registration process in quite simple. You just need to provide basic information which include your name, address and date of the birth type of personal data. These platforms are safe due to the latest highly secured techniques which they use to make sure that the accounts of the customers remains perfectly safe. While making the deposit, most of the e-wallet providers set the minimum amount to be deposited which is not too much. Some providers don’t charge f
While making the deposit, most of the e-wallet providers set the minimum amount to be deposited which is not too much. Some providers don’t charge fee, but some do, but amount tends to be 10$ or so. The customers basically need to link their debit/credit card with the virtual e-wallet account. They can deposit money anytime they want to make the payments while trading binary options on financial market. PayPal, Neteller and Skrill (also known as Moneybookers) are the most popular e-wallet service providers.
PayPal is most likely a top used online payment method. It is one of the oldest and commonly used online payment methods all over the world. This service is provided in most of the countries of the world, yet some countries still have some restrictive policies to avoid PayPal work in their region. PayPal was introduced back in 1998. Today, PayPal supports 24 different currencies and it is available in 190 countries in the world.
While registering for a PayPal account, make sure that all the information provided is legitimate because PayPal team will ask for the documentary evidence to prove the identity. PayPal supports MasterCard and Visa Card for the purpose of online shopping. A minimal amount of fee is charged for a transaction (2.9%). When it is the case of international transactions, the amount is determined according to the exchange rate of the destination country. PayPal is highly popular in USA, Europe and India.
Skrill was established back in 2002. Its first name was Moneybookers. Back in 2011, Moneybookers was replaced by Skrill as the brand name and continued to provide excellent services to their customers. Today, Skrill has perhaps more facilities as compared to PayPal. Skrill is providing its service in 200 countries. Also, Skrill gives traders a possibility to make their transactions in 40 different currencies. Like PayPal, Skrill does not deduct fee in terms of percentage. It charges a fixed fee of 3.9$ (may change with the change in policy).
Skrill has gone one step ahead by providing its customers with a real Skrill MasterCard. The cardholders can use this card on the ATMs all over the world. Skrill claims that these cards work on more than 1.9 million ATMs in different parts of the world which is amazing. Skrill allowed the people from different countries to deposit their money with online casinos, sports betting and gaming websites. Keep in mind that Skrill does not allow the people to deposit money on betting sites, who belong to the territories where gambling or betting is considered illegal by the legislation.
There has been a positive competition between PayPal, Skrill, and Neteller. Thousands of online stores support Neteller as an online payment method. Netteller, like Skrill, also provides MasterCard to the customers to facilitate them all across the globe. Netteller does not charge any fee for the purpose of money transfer. For money withdrawal in ATMs, fee is 4 EUR and depending on currency conversion, 2.95% fee is required.
Binary Options Trading
Since 2008, binary options industry records an increasing number of traders around the world. This new type of online investment gives traders a possibility to achieve high payouts while trading binary options on financial market. Binary options industry allows the traders to use trading services and instruments, including signal providers and professional binary options brokers. A successful trader should be able to analyze market trends to calculate the potential risk involved in a particular investment. Reliable binary options brokers try to ensure the security of their traders and provide them a secure platform for safe investment. Due to its simplicity, binary options brokers offer to their traders a wide range of e-wallet providers. The most popular ones will be explained more detailed further in the text. Besides e-wallets, majority of brokers give possibility of using debit cards, credit cards and bank wire in order to deposit and withdraw funds in binary options trading process.
Due to its simplicity, binary options brokers offer to their traders a wide range of e-wallet providers. The most popular ones will be explained more detailed further in the text. Besides e-wallets, majority of brokers give possibility of using debit cards, credit cards and bank wire in order to deposit and withdraw funds in binary options trading process.
How to Withdraw Money from Binary Options?
This is the most important subject of interest for the traders. The method of withdrawal is perhaps the first aspect towards which most of the traders pay full attention prior to proceeding for the registration process. In binary options industry, some brokers do not charge withdrawal fee, while other do. Fee via bank wire can range from $0 to $30. It is considered to be a high fee and it is usually intended for brokers to cover their banking expenses. There are brokers who offer their traders one free withdrawal per month. Entire withdrawal process usually takes up to three business days, from the submitted request to the received amount in trader’s account.
Popular Deposit and Withdrawal Methods (USA and Europe)
For years now, a majority of US citizens have a tendency to use credit card payment for their financial transactions. But with the appearance of e-wallets, an increased number of people started using e-wallets while making online transactions. PayPal and other e-wallet services have become more and more popular resulting in the decrease of the use of credit cards in the United States. Today, 79% of the Americans use PayPal to carry out the financial transactions. This shows how US traders find e-wallets to be reliable and efficient online payment method.
Unlike situation in the USA, in Europe it is clearly visible how things are completely different. A majority of the people still prefers to use debit/credit cards for money transfer. Since Europe is a diverse market, so there are different payment methods present, depending on the European country. So we can say that Europeans use debit card, credit card, bank wire and e-wallets in order to deposit and withdraw money while trading binary options.
Binary Options Payment Methods for Different Countries in Europe
A majority of UK citizens use different online payment methods, but none has succeeded the use of credit card. A reasonable percentage of the population uses PayPal as well. PayPal allows the users from Ireland, Wales, and England to use their services. According to a study, there are more than 20 million registered PayPal users from The United Kingdom.
Visa, MasterCard, and American Express are popular tools for making payment in Germany. But the most popular payment method is bank wire transfer. 58% of Germans use bank wire method, while 35% use card payment. RatePay and GiroPay are also popular among Germans along with PayPal. For more info, you can visit our German site.
57% of people prefer to use credit and debit cards to make payments. Visa, Carte Bleue, Mastercard are widely used in France. The most popular card in France is Carte Bleue. It is a debit card which allows payment transactions without permission of the cardholder’s bank. UCash and Allopass (possible payments through SMS and telephone) are also used payment methods.
Most of the payments in Spain are made through credit and debit cards. A majority of 97% of the population in Spain prefer these cards to make financial transactions. Allopass, PayPal, and Teleingreso also widely used methods of payment in Spain as most of the people use these payment methods for the purpose of online deposits on gambling and betting sites.
Credit cards and PayPal are the most favorite methods of online transactions in Italy. Almost 73% of the total population uses credit cards. PayPal is used by 18% of the population in Italy. Carta Si, Diners Club and MasterCard are the most widely used credit cards by Italians.
QIWI is one of the most popular online payment methods in Russia. Other reliable and often used payment methods include Yandex Money and WebMoney. A significant percentage of Russian population also uses credit cards. E-Wallet payment methods are very popular among the Russians and there are several binary options brokers who offer different e-wallet options for the Russian binary options traders. PayPal and Skrill, both offer their services in Russia as well.
Denmark, Sweden, and Finland
Overall, Scandinavians prefer credit card payment while depositing and withdrawing money in binary options trading. In Denmark, especially popular way of payment method is Dankort; it’s an international debit card that can also be used as a credit card. It is actually two cards in one (debit and credit card). This means that outside Denmark, with Visa Dankort one can withdraw funds in ATMs. Unlike Denmark, in Sweden and Finland, 35% of people use bank wire transfer, alongside with credit cards. Another popular payment method is Klarna, a Swedish e-commerce company. About 20% of Swedes use Klarna as their regular way of online payment. Klarna is also used in Finland, Denmark, Netherland. Norway, Germany and Austria.
Warning: Binary options trading is not considered legal in Belgium!
There are three countries that belong to the name of Benelux countries. They include Belgium, Netherlands and Luxembourg. Dutch mostly prefer iDEAL which is serving the people since 2005. It allows the customers to use the facility of direct transfer of the money from one bank to the other. People in Belgium and Luxembourg mostly prefer credit and debit cards for online transactions. Visa and JCB serve as popular credit and debit cards in these countries.