Funds clearing

[L0U15E]

So....My big bro sends me money via PayPal when I'm skint and once I transfer it to my bank account it clears straight away. I've just tried to return the favour but it says it will take between 5-7 working days to clear?! That's total pants considering he could do with it just now! Any idea why it's done this?

[kernowlass · Accepted solution]

@L0U15E

Sounds like you have sent an echeque which is a payment funded by your PayPal account but instead of PayPal crediting the other party instantly and PayPal waiting for the funds to clear they have put that wait time on you. 

This can be because you don't have a backup funding source linked to your PayPal account so PayPal are not going to take the risk or they think it's a higher level of risk transaction. 

Only way to know for sure is to give them a call. 

[L0U15E]

Thanks for the advice. I changed my bank account for it at the end of last year so looks like I haven't sorted it properly! What a tube I am 🙂 cheers again. X