I had just attempted to make 2 transfers from PayPal. One to my bank, and one to a debit card. Both were "instant transfers". Each time I made the transfer, I received an email acknowledging my request for a "withdrawal", and that "At PayPal, our primary concern is making sure that your money is secure. We do this by routinely reviewing some transactions. We’ve placed your withdrawal under review and this will last for up to 72[sic]. If it passes our review, we’ll release it and the regular withdrawal timeframe will then take effect. If we can’t release it for any reason, we’ll contact you." This was distressing to me for a number of reasons. It is my money. I paid a fee for an "instant transfer". PayPal literally has all my personal information. What can they possibly be attempting to "review"? Upon further research, however, it appears that PayPal utilizes the ACH transfer method, which, by nature, takes time. If that it the case, why is PayPal telling me that my transfer may take days due to "review"? And why do they offer an "instant" option if ACH transfers take time? If anyone can shed some light on any of these points, such as why my transfer would be placed under review; why PayPal offers an "instant" option if it uses ACH, etc. I'd appreciate it.
... View more