PayPal Community

Your still missing the two extra days...lol.  Hey, and I have no idea where you got that info from that you sent me, nowhere does it state it pertains to PayPal, so your point is? ... View more

I wouldn't have minded 4 days, but 8 days... Now that's just insulting my intelligence. ... View more

ACH Banking rules were changed to Same Day clearing and settlement in September 2016.  PayPal has no choice in the matter, and therefore is unable to choose a slower method even if they wanted to.  “[Same Day ACH] will build upon existing, next-day ACH Network capabilities and establish a new option for same-day clearing and settlement via ACH. Under the Rule, two new same-day settlement windows will be added to the ACH Network, increasing the movement of funds between financial institutions from once each day to three times each day. The Rule also requires that all Receiving Depository Financial Institutions (RDFIs) receive same-day transactions and provide faster funds availability to customers, creating value for end uses through its reach to all bank accounts and ability to give consumers and businesses a new option to quickly pay bills and receive funds faster.”  PayPal is just not posting the transfers in a timely manner, and holding customer's money for up to 8 days for their own use. Moving towards same day ACH is scheduled to start in September 2016. ... View more

What concerns me, is the fact that it took 8 days to credit me.  With todays technology, and instant payment abilities, this way of doing business is totally unacceptable.  PayPal is not being fair and equitable to it's customers.  Even a bank or credit card company won't keep your money on hold for that amount of time.  I have also noticed that the electronic payments I use to pay my PayPal bill straight from my personal bank account isn't credited until 8 days later either, even when it is taken out of my bank account immediately.  There is something very wrong with their system, and I refuse to use them from now on. ... View more

I am having a similar issue.  I purchased a coat for $149 on eBay and paid with PayPal credit which is my preffered method of payment only to discover three mins later that PayPal took the payment from my bank account instead.  I immediately cancelled the payment, and received a message from Paypal that my cancellation was sucessful.  However, five days later I see the tranasction on my bank statement, and so disputed the charge which they are looking into.  I have emailed PayPal but so far havent heard a thing regarding the problem.  I am currently out a coat, and $149. ... View more