City Index announces PayPal payment changes starting December 2024, discontinuing PayPal payments and encouraging clients to switch methods.
City Index announces PayPal payment changes starting December 2024, discontinuing PayPal payments and encouraging clients to switch methods.
City Index has announced significant PayPal payment changes starting December 22, 2024, which will affect how clients fund their accounts. The broker will no longer accept PayPal payments, though PayPal withdrawals will remain available for now. To avoid disruptions, clients are encouraged to switch to alternative payment methods, such as credit cards or bank transfers. These changes aim to streamline payment options and ensure a smoother trading experience for clients.
The announcement on City Index’s official website advises clients to update their payment preferences before the cutoff date. The notice reads: “We’ll no longer accept PayPal payments after December 22, 2024. PayPal withdrawals are still supported, but this may change in the future.
You can update your payment method to a card or bank transfer by following the steps in MyAccount.” “The change is part of the company’s ongoing effort to streamline its payment options and offer clients more secure and efficient ways to manage their funds.
PayPal withdrawals will continue, but they encourage customers to transition to alternative methods, such as credit or debit cards or bank transfers, to avoid disruptions in their trading experience.
City Index is a trading name of StoneX Financial Ltd, registered in England and Wales (Company No. 05616586) and authorized by the Financial Conduct Authority (FCA) under register number 446717. The broker has provided retail traders with various financial instruments, including forex and CFDs for several years.
For clients who rely heavily on PayPal, it is necessary to update their pay updates. Complete instructions for making these recommended changes are available in the “My Account” section of the City index platform. As the broker adapts to changing market conditions and regulatory requirements, further adjustments to its payment options may occur, with City Index advising customers to stay informed via official communications.
In Conclusion, City Index will discontinue PayPal payments starting December 2024, urging clients to switch to alternative methods. This change aims to streamline payment options and enhance security. Clients should update their payment details to ensure uninterrupted trading.
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