Who is Paypal to sit on my Money for so long?

Sethk
Contributor
Contributor

Frequently I am observing that I am not getting my money in less than 8 days. It takes 2 - 3 days to change "Pending" Status to "Completed" in my account activity and then wait again 2 - 4 days for money to get creditted in my bank Account. Plus hey only count working days, weekend don't count. This is ridiculous.

 You are charging service fee plus you keep money so long. How much profit Paypal like to rip off now? This is 21st century and electronical transfer and eveything is so fast now. In this era, You people are taking 7 days to credit money in my bank account.

 I have my cousins sending Money from US to India and it gets creditted in 3 days through SWIFT Routing. What process you follow that is taking so long to give me my hard earned money?

 Who you are to sit on my money? I need to check how to file complaint to Reserve Bank of India Ombudsman because the working of paypal keeping money so long is suspicious and not acceptable.

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5 REPLIES 5

sharpiemarker
Esteemed Advisor
Esteemed Advisor

That timeline is normal even in the US, so enough with the righteous indignation or don't use PayPal if you think it's slow.


Kudos & Solved are greatly appreciated. 🙂
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Sethk
Contributor
Contributor

Yes,  I am switching to Payoneer after this payment. Waiting for this fund to get cleared.

 

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sharpiemarker
Esteemed Advisor
Esteemed Advisor

Payoneer is not all perfect either.


Kudos & Solved are greatly appreciated. 🙂
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Sethk
Contributor
Contributor

I have friends using Payoneer. The amount withdrawn from payoneer is credited in 48 hours to bank account and is available to withdraw through Payoneer card. I am not sure if its so easy it looks. But atleast I can try and make my future decision on which payment solution to use. But as of now, I am not happy with Paypal.

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lancelotme
Frequent Contributor
Frequent Contributor

where are you ?

what is the bank?

Within USA,ACH takes 3-4 days,ACH is automated clearing house.

I dont know what PAYPAL uses for overseas transfer,if it is not SWIFT,then what is it?

Also ,wiring money to smaller /rural bank ,there could be another bank involved,and there  could be 2 incoming wire fee the recipient has to pay. 

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