"Instant" transfer now takes "5 to 7 business days" to clear
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Don't EVER use this service again. You're paying for absolutely nothing.
As a diabetic, I should be able to get ways to purchase food in minutes.
I'll update this thread assuming I don't get hypoglycemia and die, otherwise my lawyers will handle this for me.
- Labels:
-
Add or withdraw money
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Transfers from bank accounts are never instant as Paypal use electronic transfers ie echeques (cheaper but slower).
Funds normally leave your bank account from a few hours > few days later but they take several working days to clear through to the seller/Paypal as they go via ACH in batches.
Its called instant because normally Paypal credit the seller upfront and then Paypal take the wait for the funds to transfer, this is so you get your item without delay.
However there are times however when its you and the seller / recipient that take the wait for the echeque to clear and here are some of the reasons...
1. Back up card has expired or needs updating.
2. You have had a recent negative balance or failed bank transfer (so paypal are not going to credit the seller in advance in case it happens again).
3. For some high cost riskier payments / transactions.
4. Friends / family payments *funded from a bank account* as this option is free then its you that takes the wait this time.
5. Clearing a negative balance.
Advice is voluntary.
Kudos / Solution appreciated.
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
- transfer funds doesn't appear in my business acocunt in My Money Archives
- Haven't Recieved Friend Refferal Money in Products and Services Archives
- I don't see the refund payment button in Payments Archives
- Can I transfer money from my PayPal account to others' without linking any bank account? in My Money Archives
- How to delete my business account PayPal in My Account Archives