eBay Suspended & PayPal Limited Forums - View Single Post - Google Checkout Worse than Paypal ? Maybe for some, not others
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  #35  
Old 06-24-2007
tvaughan08 tvaughan08 is offline
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Yeah 24 hours is impossible, because I use to work for a collection agency call OSI...so let me give u the run down...when your dealing with banks its called a "paper draft" what that means is once a merchant such as google, paypal, submits a payment its in the form of a pre-printed check that takes the banks 2-3 days to clear to there account becausr the merchant has to contact to the bank to verify the money is valid or the bank will deposit the money back into your account. But assuming transaction is legit they inturn take the money and deposit that into your account. The only way u can get money instantly is a ACH draft which comes out directly it does not matter if your account is in the negative the money will still be extracted unless u put a debit hold on the account which by the way cost 30-60 bucks and only good for 6 months depending on what bank you use. But Nooo Merchant on on planet earth can give u money within 24 hours. "Paper drafts" don't even hit the bank the sameday much less despositing money in your account sameday.
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