PayPal Community

I received money into my Paypal account (I'm not a seller, this was money from family).    In the past two times, Paypal has placed the funds into  my banks within a couple of days.  This time, altho I withdrew the funds very early Thursday morning, Paypal has decided to keep my funds over this loooong weekend..   Well, is anyone surprised at that little move on Paypal's part?  Not me, I'm used to this kind of tactic.  I'm sure it will turn up next Tuesday.   What I'm wondering about is Paypal requested either verification of my credit card on file, or my social sec. number, to lift the $500  monthly withdrawal limit.  Stupidly, instead of going to get my credit card & verifying it, I gave a SSN.   I feel very uneasy about giving any kind of SS number to Paypal.  How does Paypal know it's the user's real number, anyway?  How is it "verified", or is it ever really verified???   Paypal is not giving the users enough information when it asks us for information!!!  I have no idea what safeguards Paypal has or anything else they plan to do with whatever SSN they think they have.  They just won't say.   Now I'm sorry I gave any social security number to Paypal, and I'm warning others about this feature in Paypal.     I'm not an Ebay seller or anything, and I resent Paypal's limit on receiving funds that are mine and are associated in no way with Ebay or any other selling transaction.     So many questions I have, so few answers from the automated robotwoman.   ... View more

Most of us have done the ACH transfers by now, unless we've been hiding out in a cave somewhere.   When I request an ACH transfer before 12 noon Eastern time, the banks -- this includes 3 different institutions I have dealt with in the past five years -- process the transfer the same day, and the funds go out overnight, and show up in the receiving account the next day.   When I request an ACH transfer after 12 noon Eastern time, the transfer does not make it into that night's overnight transfers, so it doesn't get transferred until the next day's overnight batch.   It shows up in the receiving account on the day after next.    So if I withdrew money from my Paypal account into my bank at say, 3 pm today (Tuesday), I can't expect it to be in my bank tomorrow, but it should go in Wednesday night's ACH transfers, and it should show up in my bank  on Thursday at the latest.    So my question is, why does Paypal say it takes longer, and that the funds will be there by the 16th?  They should be there by Thursday, for a Tuesday request.   They should be there tomorrow, if I did it before noon today.    Since I know how long my ACH transfers have been taking, why should Paypal take longer than anybody else?  Does Paypal get a special, cheaper rate for delaying payments to group them into some sort of larger batches? If so, Paypal should not tell us the funds have been sent, because in the case of my banks, if the funds have been sent, the timetable is just as I described above.   So what is the deal with Paypal and the ACH transfers?  Does Paypal behave differently from other financial institutions?   Every other financial institution I have dealt with gives specific timeframes for when funds will be transferred.   This is not a secret, it's not rocket science, it's not some cloudy issue.     Paypal needs to give us specific information on exactly what Paypal's specific timeframes are, just as the banks and other places do.     Paypal is being vague, and is keeping its users in the dark.   That isn't right.   Paypal can and should prevent bad customer relations by being VERY specific and up front with Paypal users who have funds they need to withdraw.  While our banks may all have different policies on when funds will be available, Paypal should not be the source of any confusion, and should not leave anyone wondering when Paypal will actually send the funds.    Paypal is the ONLY unknown in my equation!         ... View more