Thank you! After reading the article, I am more even concerned. It says: Financial institutions can choose to have ACH credits processed and delivered within the same day, or in one to two business days. In contrast, ACH debit transactions must be processed by the next business day. These timelines are based on rules from the National Automated Clearing House Association, or NACHA, the trade group that oversees the network. Upon receiving the money, a bank or credit union might also hold these transferred funds for a period of time, so the total delivery time varies. This means that my bank releases the money and then it still takes 5 days for ACH or PayPal to post the money to my account. There is at least a 3-day period where the money is missing or "pending". There is still no information available as to WHO has my money and WHY during this period. The article points out that the originating bank has the say as to when the funds are released. My bank notifies me of their release and then it still takes 4 days for the funds to show up at PayPal. Since I have ruled out my bank as the bottleneck and the article states that ACH can process and deliver the same day, it still sounds like PayPal is holding money for no apparent or obvious reason. Why does PayPal hold onto the money for an extra few days? Does PayPal have a cashflow problem they are not sharing with customers and investors?
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