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  #1  
Old 06-15-2008
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Default Speeding up Transfers to Bank Account

Is their anyway to speed up the time it takes to send the money from your Paypal to your Bank Account? Why dose it take 3-5 days?
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Old 06-15-2008
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Because PayPal wants the 3-5 days of interest from your money.
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Old 06-15-2008
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It's the same for all Merchant accounts isn't it? It usually takes 2-3 businesses days to receive funds to your checking accounts. That's the norm I'm seeing from all my merchant accounts.
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Funny thing here. Even though it says 3 to 5 days, Paypal processes mine in about 1 to 2 business days. The tapes run at night to save money. So be smart. Do not transfer on a Friday, Saturday, or Sunday. Generally a withdraw on a Tuesday will be in your account by Thursday or Friday......
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Old 06-15-2008
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HI: I also agree its the same for merch accts/ Amazon --
BUT--"I" think the Grace period is just in case--they feel a chargeback in the pipeline--they can stop it..
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Old 06-15-2008
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I get my deposits within 1 day. Not from paypal though.
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Old 06-16-2008
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i hadnt used paypal for a while until ebay Australia made everyone use it as an option.
My first transfer in a long while took approx 4 days to show into my account, transfers then on including now generally only take 2 days.
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Old 06-16-2008
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Quote:
Originally Posted by TMiles2564 View Post
Funny thing here. Even though it says 3 to 5 days, Paypal processes mine in about 1 to 2 business days. The tapes run at night to save money. So be smart. Do not transfer on a Friday, Saturday, or Sunday. Generally a withdraw on a Tuesday will be in your account by Thursday or Friday......
Yup. I would say wednesday is the last day to do it
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Old 06-16-2008
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O,ok I read somewhere on yahoo answers that some guy was talking about if you leave at least $200 in your paypal account it could help speed up transfers for what ever reasons.
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Old 06-16-2008
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You can get your money quickly if you do the transaction on Mon-Wed AND have a credit balance in the paypal account..... obviously not big amounts of funds but funds.....get my drift.
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Old 06-16-2008
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Quote:
Originally Posted by John Doe View Post
O,ok I read somewhere on yahoo answers that some guy was talking about if you leave at least $200 in your paypal account it could help speed up transfers for what ever reasons.
I very much doubt that's true.
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Old 06-17-2008
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I got this one paypal account and i sent the $ to bank and in 1 week I looked and it bounces back to paypal.. I don't get it
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Default It's more then a banking thing...

Okay, just to add a little two cents on this and let everyone know how it works. First, I work in tech support at a major bank in Canada. My job is to help companies with their EFT (Electronic Funds Transfer), EDI (Electronic Daily Interchange) and Wire payment systems. I know the wait times and deposit times so here it goes...

When PayPal receives a request to deposit funds into your account they first start by "Processing" your request, this will take at least one day. It then gets changed to "processed" and they describe this as they have sent the deposit request to your bank (sure they did).

With deposits into the US, the company directs the deposit request to their bank prior to their banks cut off time. Approximately two hours after that their bank transmits the payment instructions to the other institutes and they run a deposit job late at night. Funds are deposited into the account for the next business day. No files are processed Saturday or Sunday night. Deposits can be sent for deposit on Saturday for that job runs on Friday night.

With deposits into Canada, follow the same process as above, only difference is that there are 4 data exchange times between the US and Canada. Deposits are run as soon as they are received! They do not wait till the middle of the night. No deposits happen on Saturday or Sunday.

Other differences, they come from dealing with small financial institutes. If you deal with a credit union you may have to wait for a large FI to process the payments and direct them to your account at your credit union.

I request PayPal to deposit funds into my account on Saturday or Sunday. By Monday morning they say that they have completed my request. The funds show up on Thursday in my account. PayPal has played with the money for 3 days. Glad I could help them out...NOT!

Doug
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any one know the reason why my $ came back to my paypal account?
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Old 06-17-2008
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Likely paypal have reversed the payment. Check to see if paypal has limited you.
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If your transfer is more then any open issues or puts it into a negative balance it will transfer back to paypal.
If you have any open complaints, DO NOT WITHDRAWL until they are cleared up first.
Also, as GB said and see if your limited first, if not look at the issues if you have any.
Did you change any information lately?
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No im not limited and i had some $ left there...It just came back no emails nothing... no i didn't change any info..
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Old 06-18-2008
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Are there any open issues?

Something is wrong, your bank refused it or you added the wrong info or your paypal account has some issues.

It just doesnt come back for no reason.

If you have a single dispute at all on your pp or ebay account you will get this also.
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  #19  
Old 06-18-2008
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i figure it out .. It was banks falt.. I got it working now..
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