How to Buy Gold & Silver With PayPal or Venmo

The GoldSilver Team 

Buying gold and silver online has never been easier than it is today. The popularity of online shopping has given rise to online payment platforms like PayPal and Venmo to simplify the payment process when buying online.

Platforms like PayPal and Venmo enable consumers to pay one another or pay businesses for goods and services simply, conveniently, and securely. The mobile peer-to-peer (P2P) market is expected to continue growing exponentially. As they become more widely accepted and used, more businesses are embracing P2P payment systems and utilizing them as a method of payment.

Among many other goods and services, precious metals investors can now buy gold and silver with PayPal and Venmo.

Why PayPal?

PayPal is considered one of the safest ways to make online payments. More than fifty million people use PayPal for making and receiving online payments. The sending and receiving parties are not able to see each other’s credit card or bank information. It is similar to an escrow payment, as it exchanges money between two parties as an intermediary. Though no system is completely immune to foul play, PayPal takes customer security and privacy very seriously. PayPal maintains all customer information in an encrypted form. These attributes make it one of the most convenient and safe online payment platforms.

What’s Venmo?

Venmo is a peer-to-peer payment platform, owned by PayPal, where people can transfer money to and from each other via a linked-up checking account, debit card, or credit card. It acts as an intermediary between people exchanging money, so that they don’t have to exchange their financial information with one another. 

You can also buy stuff with Venmo, through businesses like ours.

Venmo is popular because it is completely free with the use of checking accounts and debit cards, and a small fee of 3% for the use of a credit card. It is simple and allows you to transfer money to your peers anywhere, anytime.

Consumers and businesses have embraced services like PayPal and Venmo due to their convenience, simplicity, and security.

To buy gold and silver on with PayPal or Venmo, follow these same simple steps:

Step 1:

Browse our investor-friendly catalog of gold and silver today.

Step 2:

Once you’ve found the item you want, click on the quantity bar and fill in how many coins or bars you’re purchasing. Then, click Add to Cart.

Step 3:

When you’re done shopping, click checkout in the ‘Your Cart’ section of the webpage.

Step 4:

You will then be prompted to select your payment method. Select PayPal. Then, click Checkout.

After creating an account or signing into your account, you will be prompted to select your shipping method. We highly recommend you go with secure vault storage instead of home delivery for security purposes.

Select the storage facility you would like your precious metals to be sent to. You can also choose fully segregated storage as an add on. When you are ready, click the “Continue to Next Step” button.

Step 5:

Be sure to check that all of the details of your order were filled out as intended. Click “Secure My Order Now” to lock in your order. You will then be prompted to the PayPal checkout page where you confirm your payment method, whether using PayPal credit, your PayPal account balance, a credit card, or Venmo. Once you have confirmed the payment through PayPal, your order is secured, and you will receive an email confirming this promptly.

As you can see, buying gold and silver with PayPal or Venmo is a simple, straightforward, and secure process. Using an online payment platform you can trust is a total win, especially with the uncertainty of online threats these days. However, it is a win-win when you’re using this platform to invest in precious metals through a reputable dealer like GoldSilver.

If you still have questions about using PayPal or Venmo to purchase precious metals from GoldSilver, feel free to reach out to our customer service department. They can be reached via the live chat icon in the bottom right-hand corner of the screen or via telephone at 1-888-319-8166.