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I've had the same issue....my deposit usually hits before 6am and it is going on to almost 10am and NOTHING. I don't have a normal bank account because I like the convenience of sending money to whomever I want with no charge. But this is ridiculous, I expect my money to be available to me ASAP!!!
Update: I have spoken to PayPal customer service, and was informed they are aware of the issue, stating it is a "technical issue" that is being addressed. No ETA when I will have my funds. Like really? This CANNOT be legal. They're fing with my money and I'm livid. I have $3 in my account, and bills are due TODAY!... This morning at 8am in fact. This is absolutely ridiculous and unprofessional. We should NOT be having this issue with a financial institution.
It's a technical issue on their end, they say- but, it's really an update on their direct deposit system and said update delayed all of the deposits. I am LIVID about this. Switching banks TODAY.