I current received two payments in the form of a eCheck. These payments took 6 business days to clear the "buyers" bank account. As PayPal explains "An eCheck is an electronic funds transfer from one bank account to customer's PayPal account. The payment will show pending until the eCheck clears the "buyers" bank. I received the funds and now would assume these funds are good and the money can be transferred to my bank account.
When I went to transfer the funds to my bank account PayPal notifies me the funds being transferred (that I just received in the form of a eCheck) have been placed under further review to make sure the money is secure. That the hold will last 72 hours. ???? Didn't PayPal just spend 6 days reviewing the funds in the form of a eCheck to verify the funds are secure? Now I have to wait additional 3 days to receive my funds to be reviewed when we have already establish the funds are secure?
And why is it every time I call the help center they can never find the transactions and always ask for the amounts when they should be sitting right in front of their face with my account information pulled up and never have a solid explanation as to why the hold was placed.
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