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Originally Posted by Schrib  GTB PayPal send the money within a few days, but yes it's down to your bank wether they (1) accept the incoming payment and (2) process it to your bank account.
To me this is good and bad news, as someone whos part earnings come from Fiverr i have to already wait 14 days for payment to clear Fiverr, then a further 3 days from PayPal to my bank. I think the fact Paypal will process it faster will be a fantastic think if your careful and know what your doing. But it could also mean a huge increase to the stealth community, because the way I see it doing 'faster payment' they are at 'faster risk' of scammers transferring funds fast and everything else..so we could see faster limitations!   | You've got this wrong. I don't think you've read the above post as it is already stated there. 
By this summer when this faster payments process is implemented, PayPal will transfer the funds to your bank account instantly if not within a 24 hour period or less. Likewise, the banks will do the transfer in the same manner in the same time frame.
As already stated in the first post: Great news for selling on eBay though, list it, sell it, get paid by PayPal & five minutes later the cash could be in your bank balance & available to spend.
This is all mandated by law, it is a legal requirement for them. 
I am pretty certain that PP/EB will have counter-fraud policies in place to alleviate the issue you raise in relation to increase risk of fraud. 
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Last edited by SUVE; 05-09-2012 at 04:52 PM.
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