Can I use PayPal to deposit in my Plus500 account?
Plus500 is one of the few online brokers who accept deposits via PayPal. You must select PayPal from the section Methods of payment after clicking on Deposit Funds, then enter a deposit amount. After you click on Continue, the platform will redirect you to a new page, where you can log into your account. On mobile devices, the Funds Management screen is accessible from the menu. To see the minimum deposit for PayPal, go to the Deposit screen on the website.
Apart from PayPal, users can deposit using Skrill, Visa or MasterCard debit and credit cards, and bank transfer. Not all of the methods are available in every region, where the platform makes its services accessible. Direct bank to bank fund transfer is also possible.
Making a deposit from a joint bank account
It’s typically possible to make a deposit from a joint bank account, but you might be asked for additional documents to prove you are one of the account holders. In some countries, the law forbids this deposit method.
Why did my deposit fail?
The most common reason people’s deposits are unsuccessful is an incomplete depositing process. You have to complete the deposit through PayPal’s webpage if that’s your preferred payment method. The same applies for Skrill, if it’s available in your country.
Another reason it might fail is if you don’t complete the account verification process. You need to have your payment method verified. Before this happens, you can’t expect any deposit to be included in your account balance. The broker will notify you if this is the case.
Last but not least, keep in mind that only one payment method per account is allowed. If you have more than one account with the broker, you won’t be allowed to deposit using PayPal, debit/ credit card, or any other method.