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  #1  
Old 09-18-2014
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Default Paypal bank transfer times change

Just received this email from paypal:

Hello XXXXX

To help accelerate cash flow for your business and give you better control of your money, we’re enabling next-day funding for transfers from your PayPal account to your third-party bank account – and you’re among the first to get it as part of our pilot program. This means funds transferred from your PayPal account by 5:00 p.m. local time will be available in your third-party bank account the next business day, instead of in 3 to 5 days. Funds transferred after 5:00 p.m. will be available the subsequent business day. This change will be implemented by October 1, 2014.

We’re always working hard to make it easier for you to get paid and hope this change provides enhanced cash flow benefits for your business.

Thanks for using PayPal.

Previously I had been getting 2 day transfer times, I'm very excited about the 1 day transfer. Thats faster than any bank acct I have.
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Old 09-18-2014
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Default Re: Paypal bank transfer times change

Lucky! Wish I was in this pilot! How long has this account been open?
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Default Re: Paypal bank transfer times change

Just transfered money at 10:15 and at 10:35 my transfer said Completed. I dont know if its the same thing as you received but I cant believe it. Never seen that
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Old 09-19-2014
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Default Re: Paypal bank transfer times change

Quote:
Originally Posted by novemberrain1970 View Post
Lucky! Wish I was in this pilot! How long has this account been open?
For about a year now. I know european accounts have had 1 day transfer times for quite sometime now, glad to see it make it across the pond.
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Old 09-19-2014
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Default Re: Paypal bank transfer times change

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Originally Posted by novemberrain1970 View Post
Lucky! Wish I was in this pilot! How long has this account been open?
I've gotten same-day completed only twice before. I think it was related to when my account went under manual review because I hit a transfer limit.
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Old 09-20-2014
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Default Re: Paypal bank transfer times change

Sweet! Thanks for the information.
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Old 09-20-2014
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Default Re: Paypal bank transfer times change

Mine seem to still be taking the old amount of time except strangely my newest ste.alth one with the lowest amount of transactions which was in there the next morning. Never got an email about it, it just happened. I am about to make another transfer this weekend so I will report back if it happens again.
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Old 09-20-2014
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Default Re: Paypal bank transfer times change

Transfers from PP to my UK bank account take on average an hour and have arrived within minutes! If your bank is in the fast transfer system there is no reason for them to take longer unless PP decides to investigate.
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Old 09-20-2014
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Default Re: Paypal bank transfer times change

Transfers from PP US to US bank account takes longer than from a PP UK to UK bank account
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Default Re: Paypal bank transfer times change

I don't know about any pilot program, but two brand new business stealth accounts I just transferred money from where in my bank account in one day.
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Old 09-21-2014
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Default Re: Paypal bank transfer times change

I hope this is something that they actually go thru with, it would be a positive change for US Accounts

Ebay/ PayPal need something positive , I just feel it's a mess right now, sales started going back to normal and now listings are lost again , so many glitches

I moved most inventory to Amazon and everything is flying like it used to on eBay a year ago
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Old 09-21-2014
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Default Re: Paypal bank transfer times change

Come on Paypal.....Daddy want's his money next day!!!!!!
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