Re: Paypal withdrawal pending for more than 72hrs
The 'pending' status has everything to do with your bank.
PP doesn't 'wire transfer', it initiates an EFT, ( Electronic Funds Transfer ).
EFT's are processed by a central banking entity, and there are three stages, the initial transfer request by PP, the central bank processing/routing of the funds, and then your bank first accepting then crediting the deposit to you.
Until all three stages are complete the request shows as 'pending' in PP. Once all three stages are completed and the funds are deposited in YOUR account, PP gets a return notice that shows all the transfer details, and only then does the status change to 'completed'.
Otherwise the EFT fails and the transaction never shows as 'completed'.
In the US the Federal Reserve processes EFT transactions after midnight on business days. It does not process on weekends or holidays, so transfers made on these days don't show as completed until the next business day.
Most modern central banking entities operate the same way.
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