e-cheque

[gav]

Hi, i have just bought an item and paid using an e-cheque as i had insufficient funds in my paypal account. Where does this e-cheque come out of, is it my bank account which is linked to my paypal account or do i have to transfer more money into my paypal account ? Also it says it will take up to 5 days to be sent to the seller, does the money go straight into their account or do they have to wait for it to clear at their end ? Many thanks, Gav.

[RUBICMONSTER · Accepted solution]

Hi Gav, yea the money comes from the bank account connected to your paypal. Then it takes between 5-7 working days to clear into the sellers account. Hope this helps pal

[PayPal_lucy]

Hey guys,

Thanks for the comment RUBICMONSTER, that's correct, Kudos to you 

Gav, as RUBICMONSTER says, the funds will come directly from your bank account.

[notwithit]

is there a charge for` this e-cheque - either to senders or recipients account

[RUBICMONSTER]

Hi, i sent a e-cheque on the 28-11-2010(due to clear between 2nd-6th december 2010) and the money was taken from my bank account on 30-11-2010. Then the seller cancelled the e-cheque on 01-12-2010 before it was cleared into there account. Can someone tell me were my money is now?

[PayPal_lucy]

Hey there RUBICMONSTER,

I just moved your other post here as you have kind of answered your own question.

The difference is as the eCheques has been cancelled the funds will take the 5-7 working days to clear into your PayPal balance instead of your sellers.

[brainybird]

Hi

I have just made my first ebay purchase and was expecting the purchase to go through straight away,but it seems i hjave used this echeque thing and could take quite a few days.My bank account is verified so why isn't it an instant transfer.When my partner makes a purchase on his account,the money is sent  straightaway.We both use the same joint bank account.

[kernowlass]

If you fund your paypal payment with bank account details only with paypal it will go as an echeque.

However if you have a debit or credit card linked to paypal as back up source it will go straight away.

[brainybird]

Thanks,that is really helpful and makes perfect sense.

[sammyliv]

Hi up until the 20th of april my paypal used instant bank transfer then switched to e-cheques all of a sudden can anyone explain why they have done this.thanks