Expected wait time for transfers from bank to PayPal?

[tek3k]

I am trying to use my PayPal for enhanced safety. However, they are projecting 7-8 days to transfer $202. Is that normal? If it is, I will be looking another elsewhere. 

[kernowlass]

@tek3k 

Paypal payments are pretty much instant.

If you are getting a 5-7 working day delay then it means the funds have probably been sent as an echeque.

Transfers from bank accounts are never instant as Paypal use electronic transfers ie echeques (cheaper but slower).

Its called instant because normally Paypal credits the seller upfront and then Paypal take the wait for the funds to transfer, this is so you get your item without delay.

However there are times however when its you and the seller / recipient that take the wait for the echeque to clear and here are some of the reasons...

1. Back up card has expired or needs updating.
2. You have had a recent negative balance or failed bank transfer (so paypal are not going to credit the seller in advance in case it happens again).
3. For some high cost riskier payments / transactions.
4. Friends / family payments *funded from a bank account* as this option is free then its you that takes the wait this time.
5. Clearing a negative balance.

[tek3k]

Thank you for your reply and the list of reasons why this process should/could take so long. I am accepting your answer as a solution. The transfer was from my bank to PayPal. There was more than enough to cover the transfer. PayPal will work fine for buying things on eBay but 7-8 days is too long for a money transfer from a bank. I will be using other services.

Cheers

[kernowlass]

@tek3k 

That's because you don't ''need'' to add funds to a paypal account, you can just fund any purchase directly from your linked funding source ie bank account or card, then paypal credit the payment for you and they wait for any processing payment so there is no delay in the despatch of your item.

However whether you use Paypal again has nothing to do with anyone on here as this is a 'user to user' advice forum and not customer services so to be honest doesn't matter to us.