Hello everyone! Here’s where I am at with chasing Paypal for the funds transferred to an incorrect account: “Dear (x), Thank you for contacting us back today about the withdrawal process. I know you need answers on how long will the funds be put back on the account. Generally, withdrawals to bank accounts take up to 5 business days to get cleared from our issuing bank to the receiving bank in the Philippines. When a trace is made after the 14th business day, we will initiate a request from our back office to check if the issuing bank of PayPal is able to receive the funds back from the bank where the funds should be deposited. Then we will await responses coming from both banks to know the status of the money and once cleared will post it back to the balance. This process may take time and as much as we want to give your funds to you right away, we need to know where it is through the responses from both banks. We cannot give you an exact timeframe because this trace depends on how timely we get the responses coming from the banks involved in the transfer.” So I therefore conclude that they cannot give us an exact time frame of resolution at all. Even if they have had numerous complaints about this, they cannot give any rough estimate of returning our money which is just sad.
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