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-   -   Recent experience about bank transfer vs instant card transfer (https://www.aspkin.com/forums/paypal-talk/119755-recent-experience-about-bank-transfer-vs-instant-card-transfer.html)

saturn66661 08-28-2018 04:39 PM

Recent experience about bank transfer vs instant card transfer
 
I did experiment on PayPal fund transfer recently. I found the following:

I transferred the fund to bank account but got 72 hours review.
I wondered what would happen if I used instant card transfer So
I did instant card transfer about 5 min. after bank account transfer.
It processed immediately and fund available in 15 min.
Apparently PayPal just would like to keep your fund longer
for free service ( bank transfer ). There is 1% service fee for
instant card transfer so PayPal released it immediately..

phaz0rz 08-28-2018 04:54 PM

Re: Recent experience about bank transfer vs instant card transfer
 
Chances are if you'd done a 2nd bank transfer instead of card withdrawal, it would have gone through without the 72hr review. I've never got the withdrawal review twice in a row. I don't think there's really been enough research done for you to jump to conclusions such as this. It's a new feature and there have already been several reports of people having their card withdrawal cancelled almost instantly.

insomniamm 08-28-2018 05:34 PM

Re: Recent experience about bank transfer vs instant card transfer
 
Does the name have to match if you do instant card transfer?

saturn66661 08-28-2018 07:01 PM

Re: Recent experience about bank transfer vs instant card transfer
 
Quote:

Originally Posted by phaz0rz (Post 940164)
Chances are if you'd done a 2nd bank transfer instead of card withdrawal, it would have gone through without the 72hr review. I've never got the withdrawal review twice in a row. I don't think there's really been enough research done for you to jump to conclusions such as this. It's a new feature and there have already been several reports of people having their card withdrawal cancelled almost instantly.

Thanks for share your experience.
I just did another card transfer. It also processed immediately.

saturn66661 08-28-2018 07:03 PM

Re: Recent experience about bank transfer vs instant card transfer
 
Quote:

Originally Posted by insomniamm (Post 940179)
Does the name have to match if you do instant card transfer?

Yes. It is business account ( with EIN ). I transfer it to my personal
bank account.

madpes 08-28-2018 07:44 PM

Re: Recent experience about bank transfer vs instant card transfer
 
what is instant card transfer? where can i find that option?

rsot 08-28-2018 08:15 PM

Re: Recent experience about bank transfer vs instant card transfer
 
Quote:

Originally Posted by madpes (Post 940196)
what is instant card transfer? where can i find that option?

Are you on pp.com or pp.ca? Bit of differences between the 2 platforms for payment withdrawal options...

madpes 08-28-2018 08:35 PM

Re: Recent experience about bank transfer vs instant card transfer
 
ah i see.. so on pp.com youre able to transfer your balance to a cc?

rsot 08-28-2018 08:49 PM

Re: Recent experience about bank transfer vs instant card transfer
 
Quote:

Originally Posted by madpes (Post 940211)
ah i see.. so on pp.com youre able to transfer your balance to a cc?

There's a thread about this - I don't know all the details about whether the option WORKS but there was an option showing for withdrawal to credit card.

OP might be talking about bank card though...

saturn66661 08-28-2018 11:39 PM

Re: Recent experience about bank transfer vs instant card transfer
 
Quote:

Originally Posted by rsot (Post 940205)
Are you on pp.com or pp.ca? Bit of differences between the 2 platforms for payment withdrawal options...

It is .com.

saturn66661 08-28-2018 11:41 PM

Re: Recent experience about bank transfer vs instant card transfer
 
Quote:

Originally Posted by madpes (Post 940196)
what is instant card transfer? where can i find that option?

It is there ( US PayPal ). I am not sure about PayPal Canada.


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