pending payment issue

[blessedmoons]

My friend and I both have verified accounts, they had sent people money before and it worked. I only sent a single person money but it also worked just fine. My friend pays me back (by friends and family) but the transaction claims that the money has been received and is currently "pending". It's been about 8 days and the payment is still pending. A few days ago, it claimed that the money would transfer on that exact day but it didn't in the end. I looked all over the internet and can't seem to find one solution to the problem. Any assistance would be greatly appreciated.

[kernowlass · Accepted solution]

@blessedmoons 

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

Funds normally leave your bank account from a few hours > few days later but they take several working days to clear through to the seller/Paypal as they go via ACH in batches.

Its called instant because normally Paypal credit 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.

Clearance time is an estimate dependent on your banks processing times.