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I tried this new instant transfer option for the first time yesterday because I needed the funds in my account ASAP. I even paid the small fee to do it. Well, it's not 24 hours later and the funds never showed up. They are not showing up as pending either on my card/account. The funds are no longer available in my PayPal account either. So I paid a little extra to get these funds 'immediately' (max stated was 30 mins) and now I'm stuck with them not avaialble basically anywhere for me. This is VERY frustrating! If they do not show up by Monday morning I'm going to get very worried. I highly recommend PayPal users be highly leary of this new service, it did not work correctly for me! I guess I should have just used the old method of tranfering to my bank account, it looks like it'll take at least as long now using this method and I paid a fee for nothing.
If I'm missing something here let me know. If you've experienced the same thing post about it too, maybe PayPal will fix this service or at least stop offering it / make a BOLD easy to need statment when you chose it that the funds might not show up in your account for days anyway with this 'instant' option.
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I have the same issue. Its been over 24 hours now, I paid a 1% fee for an instant transfer to my VISA card. Seconds later i received an email from PP saying that the money is in my bank account. Yeah, right! They are still not. Writing this post so people can see that this ripoff still exists in 2020.
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I have also just had the problem. Used the instant transfer yesterday to a debit card. I called the bank today they see nothing. I contacted paypal and the lady with a heavy accent said, "I show the transaction is already completed sir!" this was after I gave her the full rundown of it including sharing many stories from this community center. I told her that one person said you have to talk to a supervisor because the regular employees do not know how to handle it. I told her this was extraordinary to me because this is an endless continued problem in the community center. I said yes it shows completed but the money is not there and that is the problem. she then said "we can run a tracer to try and find the money which will take 5 business days" I said so thats it? Yep! So now we wait to see what happens.
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This is still happening. Today and in December too. Why do we pay a fee if it's not instant? It's exactly the same as a normal transfer that takes 1-3 business days.
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