Paypal balance

liveforlife36
Contributor
Contributor

Hi my paypal is say -£57 but yet they have taken the money out my bank today to pay this so why is it telling me to add funds to clear balance

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kernowlass
Esteemed Advisor
Esteemed Advisor

@liveforlife36 

 

Transfers from bank accounts are never instant, that is why when you buy something paypal credit 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.


BUT when you transfer funds to your paypal balance paypal don't credit those funds in advance and you are the one that takes the wait.


Takes 5-7 working days to transfer as Paypal use the slowest (cheapest) transfer option which has to go via ACH in batches BUT funds normally leave your bank account from a few hours up to a few days later.


Advice is voluntary.
Kudos / Solution appreciated.
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