aniceguy Posted January 22, 2008 Report Share Posted January 22, 2008 Bought quite a few things from ebay, but never could understand the utter delay with paypal. In todays financial climate banking transactions and clearing centers push the transactions through a fairly quick pace ( a cheque written today in toronto deposited today in toronto at 10 am is usually cleared by 5 that night. Pay pal takes the money out of my account, sits with it for a 7 days and then the deposit is made into a sellers acct...What gives with this Email sent to paypal a while back and still no response. Anyone shed some light on this one? Link to comment Share on other sites More sharing options...
Terry Posted January 22, 2008 Report Share Posted January 22, 2008 seven days of interest in their pockets....do the math...LOL Link to comment Share on other sites More sharing options...
irishfield Posted January 22, 2008 Report Share Posted January 22, 2008 Not sure what you have going on Louis...I've used Paypal for the last 6 years. Have shuffled about $3000 in and out the last three weeks selling aircraft parts that are surplus to my needs and using the money to buy...what else... fishing tackle ! Transactions are instant. Link to comment Share on other sites More sharing options...
Raf Posted January 22, 2008 Report Share Posted January 22, 2008 Not sure what you have going on Louis...I've used Paypal for the last 6 years. Have shuffled about $3000 in and out the last three weeks selling aircraft parts that are surplus to my needs and using the money to buy...what else... fishing tackle ! Transactions are instant. only if you use a credit card Wayne. You have the option to transfer funds between your bank account and paypal account, and that takes days. Don't understand it either. Link to comment Share on other sites More sharing options...
FISHINGNUT Posted January 22, 2008 Report Share Posted January 22, 2008 I have spent thousands on Ebay and have never had a problem with Pay pal but that does suck if it delays your purchase because the seller didnt get his money write away Link to comment Share on other sites More sharing options...
solopaddler Posted January 22, 2008 Report Share Posted January 22, 2008 only if you use a credit card Wayne. You have the option to transfer funds between your bank account and paypal account, and that takes days. Don't understand it either. That's correct. If you use a credit card there's no delays... Link to comment Share on other sites More sharing options...
irishfield Posted January 22, 2008 Report Share Posted January 22, 2008 only if you use a credit card Wayne. You have the option to transfer funds between your bank account and paypal account, and that takes days. Don't understand it either. Okay thanks Raf.... I never use a bank account. I sell enough stuff and pay via the balance I keep there 'till I run out and have to use my credit card. Yah they get to make interest on my money..but using a bank account lets CRA have instant access to how much you're selling a year! Link to comment Share on other sites More sharing options...
Beats Posted January 22, 2008 Report Share Posted January 22, 2008 I buy stuff on ebay with paypal all the time. I have it setup with my bank account and my credit card as well. I initally had it setup with just my bank account. It took about a week or so to initially put some money from my bank account into my paypal account. I then used that money to purchase things off ebay. I since setup my credit card to my paypal account. I did this because I don't like putting money into my paypal account from my bank account and just leaving it there til I need it. Otherwise, you have to wait for Paypal to take it out of your bank account for you when you need it. The way I have it now the money comes out of my credit card instantly when I make a purchase. For example. If I have 200$ from my bank account put into my paypal account and then make a 180$ purchase online, that leaves me with 20$ in the account. Now, If I go on ebay and win an auction that costs me 100$, Paypal will take the last 20$ from my account and instantly take 80$ from my credit card and its a done deal leaving me with an empty account. Using your credit card is much easier and requires no shuffling of funds. Link to comment Share on other sites More sharing options...
camillj Posted January 23, 2008 Report Share Posted January 23, 2008 Heh .. I had noticed a similar problem shortly after getting 'validated' for auto-withdrawal (which was suposed to be so much better) instead of credit card ... anyhow I was considering turning off the bank account thing .. except there are some sellers who prefer the bank thingy -because its confirmed - even if its not always instant (apparantly it also depends on THEIR bank/currency/clearing) Link to comment Share on other sites More sharing options...
Joey Posted January 23, 2008 Report Share Posted January 23, 2008 I've used Paypal for years and the longest has been about 3 or 4 days. Never been a problem for me. Sorry I can't help. Joey Link to comment Share on other sites More sharing options...
aniceguy Posted January 23, 2008 Author Report Share Posted January 23, 2008 thanks or the insite I ll add a credit card to it tonight makes more sense still dont get how the funds are out of my acct and still not transfered to the seller....guess the interest makes a difference to them... Link to comment Share on other sites More sharing options...
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