For anyone finding this topic let me further add to the complaints here. I’ve been with PayPal for 15 years, nearly half my life. I’ve used them for all manner of purchases, selling online back when I did a little of that, PayPal Credit, and now PayPal Mastercard. I’ve read a few of these posts after running into similar issues and just got off the phone with a representative. The excuse I was given as to why my available balance isn’t updating was that my account is still fairly new (which it is) and I made a large payment ($500), the combination of which caused my payment to be placed on hold. This payment was made back on May 4th, it is now May 15th and I was told those funds won’t clear onto my Mastercard until May 21st. When I received this card I planned to make it my go-to card to use on everything and earn the cash back. Seeing as this is how PayPal operates I will be keeping this card just active enough to keep it open, using it more as an emergency card, and using another credit card to build credit and be a regular use card. I highly suggest anyone reading this do similar. PayPal has my payment, it’s entirely cleared my end, they instituted a hold on the funds from being returned to my card, so they have the funds already in their hands. It’s ridiculous to have to wait 17 days for the funds to become available again. Someone said this in another post and I honestly didn’t believe that would be the case. Turns out they were right, and this continually happens according to the research I’ve done and the many similar complaints I’ve found. I suggest using this card as a way to increase your overall credit limit, but use the card sparingly and don’t try to rely on it for any particular reasons. It’ll take nearly a month to get your available balance updated and able to be used.
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