instant bank withdrawals

[snapsey]

When i use paypal to make payments it takes days for the money to be withdrawn from my bank account. is there a way of making the withdrawal from my bank account instant. 

[kernowlass]

@snapsey

You must be unlucky, mine are normally instant or up to 2 hours.

[snapsey]

Mine takes between 3 and 7 days

[kernowlass]

@snapsey

You have a UK paypal account so presumably you are in the UK only...........

Withdrawals are 2-72 hours in the U.K.

https://www.paypal.com/gb/selfhelp/article/why-is-my-withdrawal-on-hold-faq2990

[snapsey]

That link is for sellers transferring from PayPal into a bank account. I’m asking about in the view of a buyer. I buy something, PayPal pay the seller instantly but doesn’t take the money from my bank account instantly, it takes them days.

[kernowlass]

@snapsey

Ah sorry about that, in that case..............

Transfers from bank accounts are never instant, that is why when you buy something paypal credits the seller upfront for you and paypal take the wait for the funds to transfer to pay them back again, this is so you get your item without delay.

However they only take that 'risk' if you pay...

1. Bank transfer but have a back up card linked to your account as well.
2. Debit or credit card.
If you have option 1 but have no back up card linked then your payment may go as an echeque and you and the seller will have to await clearance.

That also may happen if you have had a failed bank transfer OR negative balance with a payment OR they consider you a high risk buyer / transaction.

If they do process it 'instantly' for you ie credit the seller upfront then the funds will leave your bank account from a few hours up to a few days later.

[snapsey]

Hi, So basically if I want the money taken from my bank account immediately I need to avoid using PayPal and just use my debit card. Thank you

[kernowlass · Accepted solution]

@snapsey

If the seller accepts direct payments via a card then yes.