Jump to content
  • 0

Paypal Payments no longer accepted - UK


ctom_s

Question

Posted

Hi,

logged into my acount this morning to make a withdrawal, Paypal is no longer an option. Checked deposits too and it's the same, is it no longer accepted?

I'm UK based if it matters.

9 answers to this question

Recommended Posts

  • 0
Posted
8 minutes ago, ctom_s said:

Hi,

logged into my acount this morning to make a withdrawal, Paypal is no longer an option. Checked deposits too and it's the same, is it no longer accepted?

I'm UK based if it matters.

Hi @ctom_s, we regret to inform you that PayPal payment options will no longer be available with us in UK. This decision follows discussions with the FCA and has led us to adjust our payment methods. Rest assured, we have alternative options in place for funding and withdrawing from your account. We suggest utilizing Apple Pay, which offers instant transactions with high authorization rates for a smooth experience. Thank you for your understanding. Please reach out with any questions or concerns you may have about this adjustment. \

All the best,
AshishIG

  • Sad 2
  • 0
Posted

In addition, is there any chance you could enlighten me on why something like apple pay is acceptable to the FCA but Paypal isn't, and/or what's changed given Paypal deposits have been accepted for years?

  • 0
Posted

This is extremely disappointing. PayPal allowed very fast transfers meaning you can manage risk by withdrawing funds completely from the account towards the end of the trading day. Please provide reasons why the FCA say it is not allowed

  • 0
Posted

The decision was made after recent discussions with the FCA regarding consumer duty and their concerns about the use of E-Wallets not being in the client's best interest. While the FCA's comments were the primary reason for this change, the high costs and chargeback risks associated with PayPal were also contributing factors.

  • 0
Posted

The Removal of Paypal has nothing to do with the FCA. This was an excellent way of managing funds. 
 

why are bank transfers so slow when we have faster payments. Have the FCA asked you to bypass this system too?

  • Like 2
  • 0
Posted (edited)

I do think non-apple customers only being left with card and bank transfer is poor. I'm not going to buy an iphone just to be able to deposit and withdraw faster. There should at least be googlepay allowed before paypal was withdrawn. For now, I won't be using IG anymore.

Edited by ctom_s
  • Like 1
  • 0
Posted
11 hours ago, AshishIG said:

The decision was made after recent discussions with the FCA regarding consumer duty and their concerns about the use of E-Wallets not being in the client's best interest. While the FCA's comments were the primary reason for this change, the high costs and chargeback risks associated with PayPal were also contributing factors.

Is there any way that you can improve the service so we can have same day transfers? I think this is possible if the value is under a certain amount?

  • Like 1
  • 0
Posted

 

On 05/08/2024 at 19:47, volatilitymonster said:

Is there any way that you can improve the service so we can have same day transfers? I think this is possible if the value is under a certain amount?

Agreed

I'm surprised more people aren't annoyed by this, but maybe they are it's just online forums aren't the first port of call for them.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Listed on BingX via the SUI blockchain, it’s now: 3x its listing price of $0.20 Gaining +65.18% in momentum Built for pro traders and first-timers, this decentralized exchange is backed by Poly chain, SIG, and more to ensure security, transparency, and a cutting-edge user experience. Join the Bluefin wave on BingX today.
    • Ondo (ONDO) is poised for a massive breakout, with experts predicting its price could soar to $2 in 2025! One of the key factors driving optimism for ONDO token is the possibility of it being listed on Binance, one of the world’s most popular cryptocurrency exchanges. A leading analyst, Grey BTC, recently pointed out that Binance has accumulated 600,000 ONDO tokens, signaling that a listing could be imminent. Such a listing would likely trigger a massive price surge for ONDO crypto, with experts predicting it could soar to $2 or even higher once the listing happens. The another factor is Ondo coin focus on real-world assets (RWAs), particularly through its collaboration with BounceBit, is also a major factor contributing to its bullish outlook. By integrating RWAs into its decentralized finance (DeFi) ecosystem, Ondo is paving the way for greater adoption and use cases. This innovative approach is attracting more investors, and analysts believe it will fuel further price appreciation for ONDO coin in 2025. Ondo coin price has been steadily climbing in value, with its current price at $1.84 (as of December 12, 2024), reflecting a 7.06% increase over the past week. The market capitalization of Ondo coin is approximately $2.77 billion, placing it at rank #64 in the cryptocurrency market. The coin has a 24-hour trading volume of about $672.5 million and a circulating supply of approximately 1.44 billion ONDO tokens, with a maximum supply capped at 10 billion tokens. source - Coinpedia market   Analysts predict ONDO price could hit $1.99 by the end of this month, thanks to ongoing developments and partnerships within its network. As the coin gains attention, many are looking to it as a strong contender in the crypto space. Based on the Coinpedia data, the cryptocurrency is expected to see substantial growth. Here are the potential price predictions for Ondo (ONDO) from 2026 to 2030: These price projections highlight the exciting growth potential for ONDO price as it continues to expand within the market. Keep an eye on its journey toward these predicted values, with analysts forecasting consistent growth year over year. For more insights into Ondo price prediction 2025 and future growth potential, visit our detailed analysis related to Ondo crypto news This promising Ondo has been making waves in the market, with strong bullish momentum and exciting developments on the horizon. Investors are scrambling to get in early before the price explodes!
    • Ondo (ONDO) is poised for a massive breakout, with experts predicting its price could soar to $2 in 2025! One of the key factors driving optimism for ONDO token is the possibility of it being listed on Binance, one of the world’s most popular cryptocurrency exchanges. A leading analyst, Grey BTC, recently pointed out that Binance has accumulated 600,000 ONDO tokens, signaling that a listing could be imminent. Such a listing would likely trigger a massive price surge for ONDO, with experts predicting it could soar to $2 or even higher once the listing happens. The another factor is Ondo focus on real-world assets (RWAs), particularly through its collaboration with BounceBit, is also a major factor contributing to its bullish outlook. By integrating RWAs into its decentralized finance (DeFi) ecosystem, Ondo crypto is paving the way for greater adoption and use cases. This innovative approach is attracting more investors, and analysts believe it will fuel further price appreciation for ONDO coin in 2025. Ondo price has been steadily climbing in value, with its current price at $1.84 (as of December 12, 2024), reflecting a 7.06% increase over the past week.   Analysts predict ONDO coin could hit $1.99 by the end of this month, thanks to ongoing developments and partnerships within its network. As the coin gains attention, many are looking to it as a strong contender in the crypto space. For more insights into Ondo price prediction 2025 and future growth potential, visit our detailed analysis here.   This promising Ondo crypto has been making waves in the market, with strong bullish momentum and exciting developments on the horizon. Investors are scrambling to get in early before the price explodes!
×
×
  • Create New...
us