I am DISGUSTED by how long Paypal hangs onto my money when I transfer funds out of a bank account and into my Paypal account. I made a transfer over 8 days ago, and it has still not appeared in my Paypal account. The weekend starts tomorrow, so the earliest I could have it is another three days from now. In this day and age, and with all of the convenience Paypal purports to deliver, this is simply UNACCEPTABLE. I transferred significant funds out of my bank account so that I could use Paypal to pay various bills online. Shortly afterwards I discovered that my new job had not acted quickly enough to get me onto payroll for the first pay period after I started working, so I needed the funds back in my account - but I can't do that until the funds actually hit my Paypal account in the first place. In the meantime we have defaulted on our daycare bill because there were insufficient funds in our account, and we are living hand to mout with TWO KIDS - but we HAVE the money, it is just being HELD somewhere, beyond our control! It is EXTREMELY DISCONCERTING to see money disappear from my account and not reappear somewhere else for days and days. Meanwhile, because the transfer took place more than 7 days ago, it doesn't even show up on the accounts page of my Paypal account. I can obviously find it by looking back further than 7 days, but seeing that empty screen - $0 balance, no pending transactions - is rather terrifying when your bank account has been significantly deducted BY PAYPAL. I can only assume Paypal is holding funds to profit from them. I understand this is illegal in various countries. Move into this century, Paypal, and transact faster! I will have to look for alternative means of moving money. This is just horrific. I am so disappointed.
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