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Old 03-09-2011
undertheradar's Avatar
undertheradar undertheradar is offline
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Quote:
Originally Posted by vokonta View Post
From what i have observed, it takes 2 working days after status changes to 'completed' for funds to hit bank account. Same for me irrespective of which bank i have tried. The key issue that i am not able to decode which is infact the main prob is what determines the time taken to change from 'pending' to 'completed'. I do not know if this is simplly an internal paypal processing delay which is tied to account age; selling history etc or if paypal internal processing is linked to the bank you used.
Though, i have read on another post that during the pending stage, paypal is waiting for your bank to accept withdrawal request.
This doesnt sound right cos i have seen cases where PP reverses withdrawal after days in pending stage. This has nothing to do with bank accepting or refusing but clearly a paypal decision based on your account issue etc
hi i agree, i think its based on risk assesment.

paypal to hsbc on an old well established account i have (2008) is 2 days flat

if i set up a new account, wait a month, get verified, start selling second month, to hsbc is about 5 days, this transfer then seems to come down, the older the account gets, and hence the less risky it becomes for paypal to send you the money

also when it says completed, that does not mean nothing, i have had withdrawals that say completed, then reversed

if paypal really wanted to, the money could be in our bank accounts within an hour.

they want that money in their bank, as loooong as poss
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