Paying by direct debit **bleep** account

365gtb
Contributor
Contributor

Hi

 

Can anyone tell me what happens to my money between being collected by direct debit **bleep** regarding a payment that was collected by paypal and they have told me the money has left my account. I contacted Paypal and they tell me it is going to take 5 -7 working days to appear on my paypal account.

 

My question is where does the money go for this time?

 

Regards

 

365gtb

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2 REPLIES 2

kernowlass
Esteemed Advisor
Esteemed Advisor


http://www.ehow.com/info_8537474_difference-wire-transfer-electronic-transfer.html

Because processing electronic monies directly, wire transfers occur faster than electronic fund transfers. Often, banks complete wire transfers in real time, making funds available to a receiver within minutes or hours of a person beginning the transaction.


PAYPAl USES ELECTRONIC TRANSFERS.



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365gtb
Contributor
Contributor

thanks for clearing that up so quickly. Pardon the pun.

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