Payment not taken out of nominated bank account

Jfin
Contributor
Contributor
Hi i have made 4 purchase through paypal using my nominated bank account to fund these. Paypal shows payment completed after 3 days but the money still has not been taken from my bank. How long does this take.
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kernowlass
Esteemed Advisor
Esteemed Advisor

@Jfin 

 

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.

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



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Solved

kernowlass
Esteemed Advisor
Esteemed Advisor

@Jfin 

 

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.

Takes 5-7 working days to transfer as Paypal use the slowest (cheapest) transfer option 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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