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since ‎Feb-18-2019
Milla-vick
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Re: Withdrawal Pending

by Milla-vick Member in My Money Archives
‎Feb-18-2019 02:16 PM
1 Kudo
‎Feb-18-2019 02:16 PM
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This is as clear as day. I just received £50 cash which I immediately withdrew, its an established account with a fantastic history - done immediately many times before.   hold the phone 📞   lightbulb 💡   what if? PayPal kept a £100million in pending for 72hours - that’s a whopping £20,000 in interest. Security 🤥     @banjo72 wrote: I normally transfer funds sing my First Direct account but my sister asked if she could use PayPal to transfer some money that she owed me. I looked into this and was told by a ‘helpful’ advisor that as long as my bank account was verified I could transfer the money and it would take up to 2 hours.   I received the money, went to withdraw it and it said it would take two hours but since then my withdrawal has been pending. I spoke to someone else who told me that this was due to it being an unusually high amount of money. The amount is actually £57.77 and I very nearly accused the agent of being unusually high themselves.    I can can understand why PayPal sometimes have to be careful as they’re not a proper bank but I refuse to believe that there is nobody there that can have a look at this and see it’s not some dodgy scam but a mere transfer of funds between siblings   The 72 hours is up on a Saturday afternoon and I have a nasty feeling that it won’t clear into my bank account until the following working day. This has been a bit of a ball ache for me and but I’m more annoyed at PayPal’s attitude more than anything. It’s lucky that this wasn’t my last £57.77 and I was relying on that money for bills etc. but I bet there are plenty of others out there who do   It goes without saying that I will never use their services again and I’ll stick to real banks from now on @banjo72 wrote: I normally transfer funds sing my First Direct account but my sister asked if she could use PayPal to transfer some money that she owed me. I looked into this and was told by a ‘helpful’ advisor that as long as my bank account was verified I could transfer the money and it would take up to 2 hours.   I received the money, went to withdraw it and it said it would take two hours but since then my withdrawal has been pending. I spoke to someone else who told me that this was due to it being an unusually high amount of money. The amount is actually £57.77 and I very nearly accused the agent of being unusually high themselves.    I can can understand why PayPal sometimes have to be careful as they’re not a proper bank but I refuse to believe that there is nobody there that can have a look at this and see it’s not some dodgy scam but a mere transfer of funds between siblings   The 72 hours is up on a Saturday afternoon and I have a nasty feeling that it won’t clear into my bank account until the following working day. This has been a bit of a ball ache for me and but I’m more annoyed at PayPal’s attitude more than anything. It’s lucky that this wasn’t my last £57.77 and I was relying on that money for bills etc. but I bet there are plenty of others out there who do   It goes without saying that I will never use their services again and I’ll stick to real banks from now on   ... View more
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