PayPal credit payment showing as complete, not came out of my bank
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
- Labels:
-
PayPal Credit
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Transfers from bank accounts as opposed to cards are never instant, that is why when you buy something paypal credit the seller upfront for you and paypal take the wait for the funds to transfer to pay them back again, this is so you get your item without delay.
Anything else goes as an echeque and takes 5-7 working days to transfer as Paypal as they use the slowest (cheapest) transfer option BUT funds normally leave your bank account from a few hours up to a few days later.
You never need funds in your Paypal account balance as a buyer. When you purchase an item then Paypal credit the seller for you, this is so there is no delay in the despatch of your item. Paypal will then take the wait for the funds to automatically transfer to reimburse them from your linked funding source.
However they only take that 'risk' of crediting the seller upfront if you pay by...
1. Bank transfer but have a back up card linked to your account as well.
2. Debit or credit card.
If you have option 1 but have no back up card linked then your payment may go as an echeque and you and the seller will have to await clearance.
Advice is voluntary.
Kudos / Solution appreciated.
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
- Paypal Credit - Payment Plan but not showing? in Products & Services
- Entire Balance on Reserve Hold Indefinitely? in Transactions
- Showed recieved payment but doesn't show in balance in Transactions
- seller didnt recieve transaction which shows completed on my side in Transactions
- Why PayPal needs credit card to finalize purchase w balance? in Transactions