Pending Funds??

[mizzdoyle]

Pending Funds? Made a mistake with GoDaddy and now I am waiting for my refund and now it's going to take 6-10 days?  Really!!! E-transfer is instant, why not Paypal?  Boy o boy am I very disappointed with the service.  

[kernowlass]

@mizzdoyle

The reason it takes a while is this....

When you PAY someone from your bank account it is never instant > Paypal CREDIT them the funds and Paypal take the several days wait for the funds to transfer to Paypal to pay them back.

Even though the funds may leave your bank account it does not mean Paypal have them yet as it goes through automated clearing which is the SLOWEST transfer method (to reduce costs to Paypal).

BUT when you get a refund paypal don't refund in advance. You take the wait this time for the funds to transfer from the sellers bank account to Paypal > then you are credited the refund.

[mizzdoyle]

Sorry, that doesn't fly with me.  Still horrible service.

[kernowlass]

@mizzdoyle

Well i can only tell you how it works.

Doesn't matter to me if you believe it or not so...............your welcome.