paypal transfer process

J

jajaja

Limp Gawd
Joined
Jan 3, 2007
Messages
251
Hi. as you know that transering funds from your bank acc to your paypal take about 3-4 business day. is there away to speed up the process ? like if I can just call my bank. what should I tell them ? thanks
 
damnn. well I'm gonna give it a call to my bank. I hope when they approve it, the fund shows up there in paypal right away
 
ok. I just checked my bank statement and see the amount that I requested to transfer to paypal has been debited. how come it's not up in paypal yet ? anyone experienced this before ? please let me know If there is anything I can do with paypal
 
jajaja said:
ok. I just checked my bank statement and see the amount that I requested to transfer to paypal has been debited. how come it's not up in paypal yet ? anyone experienced this before ? please let me know If there is anything I can do with paypal
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Chill-ax. Theres nothing you can do, PayPal is just a little pokey with bank transfers. It will come in on or around the day they post as "estimated clearing" in your account. There is NOTHING you can do to speed it up.
 
so does money always come right on the day of "estimated clearing" or sometimes before that ? and clearing means getting approved by my bank right ? if the amount is already debited that means the bank has approved.
 
I know with my bank, all of their transactions clear at midnight. So, if I transfer money down to my bank account, I check my account online on the day that PayPal says it will clear. I see a notice/memo that the transaction is happening and then it will be officially cleared and in my account and ready for me to use by midnight of that day. :)

Also, I think that "clearing" is being used here to say that the transaction has been processed/completed and therefore ready to use (e.g. - money is in your bank acct and you can now go spend it).

If your bank says that your account has been debited with some amount of money, that means the money is no longer in your bank account and is at lease on its way to PayPal. As with transferring money down from PayPal to your Bank, this may take a few days to officially clear, just as an eCheck would. :cool:
 
HopkinsProgramming said:
If your bank says that your account has been debited with some amount of money, that means the money is no longer in your bank account and is at lease on its way to PayPal.
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aah I always tought in this computerized millenium era, once the bank press the OK button and the money is rightt there instantly at the destination. well I guess I need to just wait. thanks guys
 
Also be aware that Paypal is drawing interest on that money for every instant that it has control of it and you do not. When I do a transfer from Paypal to my Bank account it takes them on average of 4 days to accomplish this. I have verified with my bank that they don't even see the transfer for at least 3 of those days so Paypal is just holding onto it drawing the interest. While it isn't a big deal on a couple hundred bucks thiink about all the money moving thru Paypal and you can see how lucrative for them this is
 
Tormond said:
Also be aware that Paypal is drawing interest on that money for every instant that it has control of it and you do not. When I do a transfer from Paypal to my Bank account it takes them on average of 4 days to accomplish this. I have verified with my bank that they don't even see the transfer for at least 3 of those days so Paypal is just holding onto it drawing the interest. While it isn't a big deal on a couple hundred bucks thiink about all the money moving thru Paypal and you can see how lucrative for them this is
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That's what I tought few hours ago. imagine they'r holding million of people money times the amount being transfered. big interest
 
You could always just use your Paypal Debit card and withdraw the money from an ATM or use CashBack at Walmart and there's no fee.

Thats what I do - Buy a pack of gum or a coke or whatever and use the Cash Back feature.
 
Sounds like you dont have a confirmed shipping address

if you add a bank account to paypal your half way there

I just moved it took 24 hours to confirm my new address

they charge a flat rate i forgot the amount i think $1.50 and they also credit your paypal account the amount they charge

check your bank account online and enter the code thats on the charge

should be a 6 digit code

once you do this your bank account as well as your home address will be confirmed

and sending someone cash is instant

plus most sellers wont ship to an unconfirmed address . do to all the scams lately
 
huh ? that's exactly what I went throuh first time I joined paypal. I'm verified paypal. just like tormond says, paypal already took the money from my bank and they keep it somewhere for getting interest. that's why it take so long.
 
If you have a confirmed address, bank account, and credit card on file, then you should never have to add money or wait for an e-check. When you send money, it will just instantly front you the cash from your bank account, and actually debit it a few days later.
But in all situations, you do have to wait for withdrawing cash to your bank account
 
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