Paypal bank deposits - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 07-22-2011
Junior Member
 
Join Date: Dec 2009
Posts: 101
Thanks: 14
Thanked 66 Times in 18 Posts
Activity: 0%
Longevity: 82%
iTrader: (0)
Default Paypal bank deposits

Why is it that PayPal can deposit the two small initial deposits to confirm your bank account on the same day but when you withdraw funds it takes three days to transfer the funds?

I just did the deposits yesterday, one account before their cut off time, one account right after their cut off time. Both accounts are at the same bank. I just wanted to see how long it would take them. Bank was Ally.

I'm guessing they want to keep the money as long as they can and have a chance to reverse the transaction. It doesn't seem right but I guess I have to live with it.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 07-22-2011
Junior Member
 
Join Date: Jun 2011
Posts: 163
Thanks: 13
Thanked 38 Times in 20 Posts
Activity: 0%
Longevity: 74%
iTrader: (0)
Default

Because the longer they keep it the more interest they earn, I'm quite sure that all the money they hold for 180 days is sat in some sort of high interest account and that they are earning a fortune from this !
Reply With Quote
  #3  
Old 07-22-2011
Junior Member
Threadstarter  
 
Join Date: Dec 2009
Posts: 101
Thanks: 14
Thanked 66 Times in 18 Posts
Activity: 0%
Longevity: 82%
iTrader: (0)
Default

Sorry I posted in the wrong place. I thought that was the place for bank account talk.
Reply With Quote
  #4  
Old 07-25-2011
Junior Member
 
Join Date: Jul 2011
Posts: 14
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 73%
iTrader: (0)
Default

Earning interest on the money is definitely a big part of it. However, it could just be that the deposits they do are like charges and then refunds to your account. A bank transfer from any company will take two or three business days though.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Same bank receiving deposits on checking/savings LoopHole PayPal Talk 13 07-28-2011 06:00 PM
Bank Freedom Returning deposits. coolcat80 Credit Card Alternatives 2 06-21-2011 10:00 AM
Anyone tried State Farm Bank for PayPal stealth deposits? ploughman PayPal Talk 2 03-07-2010 03:37 AM
Paypal adding a bank - account holder name verification? Instant verif. vs. deposits jimmymac99 PayPal Talk 10 08-18-2008 10:17 AM


Aspkin Group

All times are GMT -5. The time now is 07:47 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58