2 hour withdrawals gone ..........now taking 24hrs ??

disco-stu
Contributor
Contributor

My last 4 withdrawal request are saying 24hrs , i`ve been getting 2hour withdrawals for the last year with no problems ? anyone else having the same ?

Login to Me Too
25 REPLIES 25

snowshoe
Frequent Advisor
Frequent Advisor

Can't speak for why your times changed, PayPal does state that time can vary from 2 hours to 4 days.  We average 2 days, once in a while 3.  Seems each bank is different when it comes to transfer schedules.

Login to Me Too

Roc24v
Contributor
Contributor

Same has happened to me, 2 hour transfers for a year, now yesterday eveything being held up for 24 hours.

Login to Me Too

beautysolutions
Contributor
Contributor

Ditto, we've been receiving withdrawals into our bank account almost instantaneously, however the last two suddenly became 72 hours.  Didn't notice when clicking the button (maybe it should be big red flashing letters when you aren't going to get your money quickly?) and now we have a cashflow problem.  Not sure if PP realise that when dealing with the sorts of small companies that need to use their services, 72 hours can be quite a long, nail-biting and potentially catastrophic period of time to be without funds.  I would suggest it would be better to concentrate on their customer rather than their customer's customer.  eBay also seem to focus on those rather than the people that are actually driving their business.  I'm all for security but there's such a thing as biting the hand that feeds.  (Small cynical footnote about what happens to the interest on all these withheld payments).

Login to Me Too

kernowlass
Esteemed Advisor
Esteemed Advisor

It states in the user agreement that the 2 hours withdrawal IS NOT guaranteed, can take up to 72 hours.


Advice is voluntary.
Kudos / Solution appreciated.
Login to Me Too

beautysolutions
Contributor
Contributor

It may state that in the Ts & Cs but that doesn't stop it being bad practice

Login to Me Too

JLAuto
Contributor
Contributor

Can someone from paypal respond to this please? I'm pretty sure there was a court order against paypal that they had to use the faster payment method for UK traders. Everyday since Saturday it has been 24 hours they cant blame this on reviews as they are supposed to be random. 12 withdrawls out of 12 is not random.

Login to Me Too

Elleve
Member
Member
They are a joke-look at their response to Watchdog...just balls!
Login to Me Too

JLAuto
Contributor
Contributor

Im guessing its due to it being the start of the month (everyone has just been paid) and they are limiting the number of transaction so that the float for withdrawls doesnt get to low. Really paypal should increase there float at the start of every month for withdrawls that way not to dissappoint sellers with longer withdrawl times.

Login to Me Too

JLAuto
Contributor
Contributor

HaHa Well heres something since I placed this comment on here its now 72 hours. I havent had a 72 hour transfer in over 2 years!!!!!!!!!!! Thanks for shafting me paypal if your having problems make a statement

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.