PayPal Payment Update: There was a thread yesterday about how and when payments go into your PayPal account. I sold an item on ebay last night, and within minutes, the payment was in...

jerryc41 Loc: Catskill Mts of NY

There was a thread yesterday about how and when payments go into your PayPal account. I sold an item on ebay last night, and within minutes, the payment was in my PayPal account. I then requested that it be transferred to my bank account, which will take 2-3 days.

tainkc Loc: Kansas City

jerryc41 wrote:

There was a thread yesterday about how and when payments go into your PayPal account. I sold an item on ebay last night, and within minutes, the payment was in my PayPal account. I then requested that it be transferred to my bank account, which will take 2-3 days.

I'd change banks if I were you.

DaveO Loc: Northeast CT

Sounds like a Paypal issue and not the fault of the bank, what am I missing?

KynaCreative

Get a Paypal debit card (free) and your funds are instantly available to you.

jerryc41 Loc: Catskill Mts of NY

tainkc wrote:

I'd change banks if I were you.

I'm not complaining. The other day, people wondered if PayPal holds up your payment till the buyer is satisfied. They don't. As for the "delay" in getting the money to my bank, that's not unusual, and it's not the fault of the bank.

tainkc Loc: Kansas City

jerryc41 wrote:

I'm not complaining. The other day, people wondered if PayPal holds up your payment till the buyer is satisfied. They don't. As for the "delay" in getting the money to my bank, that's not unusual, and it's not the fault of the bank.

Yeah, I know. I was just messing with ya".

rpavich Loc: West Virginia

jerryc41 wrote:

There was a thread yesterday about how and when payments go into your PayPal account. I sold an item on ebay last night, and within minutes, the payment was in my PayPal account. I then requested that it be transferred to my bank account, which will take 2-3 days.

That's normal. Been that way forever.

jerryc41 Loc: Catskill Mts of NY

tainkc wrote:

Yeah, I know. I was just messing with ya".

Join the crowd! :D

houdel Loc: Chase, Michigan USA

jerryc41 wrote:

I then requested that it be transferred to my bank account, which will take 2-3 days.

That is their standard CYA statement meant to cover all possible situations. I requested a bank transfer from my paypal account this past Sunday, the funds were in my bank account Monday afternoon. Pretty typical, whenever I do it the funds are usually in my account either the next or second day (weekends excluded, my bank takes the weekend off).

relie Loc: Western Massachusetts

2-3 days is normal for PayPal. Just had 2 transactions thru the and transfer time was the same.

Dave

billybob40

Jerry get a Paypal CCard I've sold 1,000s of things and have never hold up my money.
Hoo every bought you item just a account. That is the two or three days. LOOK in your paypal account and see if it there.

lowkick Loc: Connecticut

rpavich wrote:

That's normal. Been that way forever.

That is how PayPal makes money. They hold your money for up to 4 days. Imagine how much money they are holding, that doesn't even belong to them, at one time - every single day! They use that money (OPM) to make money! Lots of money.

drucker Loc: Oregon

PayPal payment availability depends on the account status of the buyer.
If the payment comes from a balance in the buyer's PayPal account, availability is immediate.
If they have account transfer guaranteed by a credit card, availability is immediate.
If the payment comes from PayPal Credit, availability is immediate.
But, if for some reason the transaction is by eCheck (no credit card backup) then there will a time lag until the eCheck clears the bank.

There is also a lag when you receive a refund.

jerryc41 Loc: Catskill Mts of NY

drucker wrote:

PayPal payment availability depends on the account... (show quote)

Interesting.

jerryc41 Loc: Catskill Mts of NY

lowkick wrote:

That is how PayPal makes money. They hold your money for up to 4 days. Imagine how much money they are holding, that doesn't even belong to them, at one time - every single day! They use that money (OPM) to make money! Lots of money.

Most companies seem to wait as long as possible before paying their bills.