Summary: PayPal does not allow users to invest in shares directly through its online platform. That is because it doesn't offer any investing features through its application, it only offers banking solutions and services. Not to worry, many online brokers accept PayPal as a payment method to purchase stocks with.
The best online brokerage platform is eToro, and it is available to use in over 140 countries. eToro is a global multi-asset investing platform with six different asset classes to invest in. The platform has a over 8000 assets to purchase in multiple asset classes including shares, ETFs, commodities, indices, fiat currencies and cryptocurrencies.
Where to buy stocks with a PayPal account?
There are a few brokers that accept PayPal as a deposit method including TD Ameritrade, SelfWealth, Trading 212 and eToro. Although, not all of these platforms are regulated and licensed to operate legally in most countries. We recommend using eToro as it is registered and offers services to 140 countries and has over 20 million users globally.
eToro is considered a 'social trading platform' and offers many social features like Copy Trading, where users can mimic the trades of successful investors. It also offers an in-built social media platform that allows eToro users to communicate with each other to discuss trades and strategies. If you're interested in learning more about eToro, you can visit our eToro Review.
How to securely buy stocks with PayPal
The most secure and affordable way to buy stocks with PayPal is through the eToro platform. In addition to buying shares with PayPal on eToro, you can also buy shares with Credit/Debit Card, Bank Transfer, Skrill, Neteller & Rapid Transfer. Follow the below steps to buy shares with PayPal.
- Create an account on eToro and verify your identity.
- Click 'Deposit Funds', click PayPal and follow the prompts on PayPal.
- Find the asset you want to purchase in the search bar and tap 'Trade'.
- Enter the amount you wish to invest and select 'Set Order'.
Can I buy PayPal Stocks?
Yes, in addition to buying shares with PayPal, eToro also allows it's users to invest in PayPal shares directly on its platform. PayPal Holdings trades on the NASDAQ under the ticker PYPL. Follow the below steps to purchase PayPal stocks on eToro.
- Search for 'PayPal' in eToros search bar and click 'Trade'.
- Input the amount you want to invest and tap 'Set Order'.
Is it expensive to buy PayPal stocks?
It can be expensive to purchase shares in general when you use a traditional online broker. However, eToro is one of the most cost-effective exchanges in the world that offers free/instant deposits via PayPal and brokerage-free trading on shares and ETFs. For a full breakdown of eToros pricing, you can visit the eToro Fees Schedule.
What is PayPal
PayPal is an online payment processor that allows individuals and businesses to receive and send payments electronically. Founded in 1998, PayPal has become one of the most popular ways to pay for goods and services online. It offers a convenient way to make online purchases, as it eliminates the need to enter your credit card information each time you make a purchase.
You can also use PayPal to send money to friends and family members. When you use PayPal, you are protected by their buyer protection policy, which covers eligible purchases in the event of fraud or unauthorised transactions. One of the great things about PayPal is that it can be used with almost any online merchant.