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Old 08-28-2018
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Default 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..
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Old 08-28-2018
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Default 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.
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Default Re: Recent experience about bank transfer vs instant card transfer

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

Quote:
Originally Posted by phaz0rz View Post
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.
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Default Re: Recent experience about bank transfer vs instant card transfer

Quote:
Originally Posted by insomniamm View Post
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.
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Default Re: Recent experience about bank transfer vs instant card transfer

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

Quote:
Originally Posted by madpes View Post
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...
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Default 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?
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Default Re: Recent experience about bank transfer vs instant card transfer

Quote:
Originally Posted by madpes View Post
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...
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Default Re: Recent experience about bank transfer vs instant card transfer

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Originally Posted by rsot View Post
Are you on pp.com or pp.ca? Bit of differences between the 2 platforms for payment withdrawal options...
It is .com.
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Default Re: Recent experience about bank transfer vs instant card transfer

Quote:
Originally Posted by madpes View Post
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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