Next-day funding for bank transfers will be available by October 1st - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 09-21-2014
Junior Member
 
Join Date: Feb 2013
Posts: 123
Thanks: 0
Thanked 4 Times in 3 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Next-day funding for bank transfers will be available by October 1st

Got this email from PayPal today:

Hello Robert,

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.


I have actually noticed this for the past month but now it seems official. Pretty cool!!!
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 09-21-2014
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 60,525
Thanks: 4,745
Thanked 7,333 Times in 6,687 Posts
Activity: 100%
Longevity: 78%
iTrader: (7)
Default Re: Next-day funding for bank transfers will be available by October 1st

Depends on the bank processing too - don't just assume it's all PP's decision
Reply With Quote
  #3  
Old 09-21-2014
Senior Member
 
Join Date: Jan 2013
Posts: 4,410
Thanks: 242
Thanked 1,583 Times in 1,074 Posts
Activity: 0%
Longevity: 54%
iTrader: (0)
Default Re: Next-day funding for bank transfers will be available by October 1st

Someone's also posted this yesterday, I hope that paypal sticks thru with this, it's actually a great change for US accounts
Reply With Quote
  #4  
Old 09-21-2014
BigCJ's Avatar
Executive [VIP]
 
Join Date: Apr 2011
Posts: 2,789
Thanks: 1,192
Thanked 1,020 Times in 709 Posts
Activity: 0%
Longevity: 68%
iTrader: (6)
Default Re: Next-day funding for bank transfers will be available by October 1st

If this is true, I absolutely love this.
I made a transfer at 4pm today and it showed 'completed' at 7:30pm

Ill post if it hits the bank tomorrow.
__________________
NEW account verification services! Please Inquire with a PM!
Reply With Quote
  #5  
Old 09-21-2014
Senior Member
 
Join Date: Jan 2013
Posts: 4,410
Thanks: 242
Thanked 1,583 Times in 1,074 Posts
Activity: 0%
Longevity: 54%
iTrader: (0)
Default Re: Next-day funding for bank transfers will be available by October 1st

Quote:
Originally Posted by BigCJ View Post
If this is true, I absolutely love this.
I made a transfer at 4pm today and it showed 'completed' at 7:30pm

Ill post if it hits the bank tomorrow.
Usually the day it shows completed the next day it's in the Bank, the problem is PayPal hates giving people there own money
Reply With Quote
  #6  
Old 09-22-2014
just_smile's Avatar
Executive [VIP]
 
Join Date: Aug 2012
Posts: 3,302
Thanks: 772
Thanked 985 Times in 721 Posts
Activity: 36%
Longevity: 57%
iTrader: (114)
Default Re: Next-day funding for bank transfers will be available by October 1st

its about time this was introduced in the us.

Its been happening in the uk for a while now and is so much easier than waiting 5 days for funds to appear. My online banking used to never update until days later too. So you could never be totally sure if it had hit your account unless using a cash machine!
Reply With Quote
  #7  
Old 09-22-2014
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 60,525
Thanks: 4,745
Thanked 7,333 Times in 6,687 Posts
Activity: 100%
Longevity: 78%
iTrader: (7)
Default Re: Next-day funding for bank transfers will be available by October 1st

Quote:
Originally Posted by BigCJ View Post
If this is true, I absolutely love this.
I made a transfer at 4pm today and it showed 'completed' at 7:30pm

Ill post if it hits the bank tomorrow.
I always hold my breath with PP - they make one good change and counterbalance with a few ugly changes
Reply With Quote
  #8  
Old 09-22-2014
Junior Member
 
Join Date: Nov 2013
Posts: 180
Thanks: 104
Thanked 27 Times in 24 Posts
Activity: 0%
Longevity: 48%
iTrader: (0)
Default Re: Next-day funding for bank transfers will be available by October 1st

Just to give a little more to this thread, transferred some money yesterday and showed up today (a day later) amount was 450, last time before this it took like 5 days. AND this is a pre-paid card. Now this would b great if they keep it up :-)
Reply With Quote
  #9  
Old 09-22-2014
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,936
Thanks: 1,667
Thanked 4,576 Times in 3,530 Posts
Activity: 78%
Longevity: 52%
iTrader: (395)
Default Re: Next-day funding for bank transfers will be available by October 1st

Really great news for the US sellers, should have happened years ago.
Reply With Quote
  #10  
Old 09-23-2014
novemberrain1970's Avatar
Senior Member
 
Join Date: May 2014
Posts: 265
Thanks: 331
Thanked 83 Times in 60 Posts
Activity: 0%
Longevity: 44%
iTrader: (1)
Default Re: Next-day funding for bank transfers will be available by October 1st

Got another 1 day transfer on one of my ste/alths, input it last night and this morning the money is in there. It's weird because my old, real account with great history is still taking 2 days (still not bad but no change there.)
Reply With Quote
  #11  
Old 09-23-2014
Junior Member
 
Join Date: Apr 2013
Posts: 107
Thanks: 3
Thanked 8 Times in 8 Posts
Activity: 3%
Longevity: 53%
iTrader: (0)
Default Re: Next-day funding for bank transfers will be available by October 1st

Ive been getting these on a couple of accounts too!
Reply With Quote
  #12  
Old 09-23-2014
Junior Member
 
Join Date: Jun 2013
Posts: 122
Thanks: 0
Thanked 14 Times in 12 Posts
Activity: 0%
Longevity: 51%
iTrader: (0)
Default Re: Next-day funding for bank transfers will be available by October 1st

This is awesome, I had no idea about this and I transferred money yesterday, usually its about 3 days to hit my bank but after reading this I checked and sure enough its already in there.
Reply With Quote
  #13  
Old 09-23-2014
novemberrain1970's Avatar
Senior Member
 
Join Date: May 2014
Posts: 265
Thanks: 331
Thanked 83 Times in 60 Posts
Activity: 0%
Longevity: 44%
iTrader: (1)
Default Re: Next-day funding for bank transfers will be available by October 1st

Just checked another ste/alth and the transfer initiated last evening is there too! This is great news indeed. Hope they keep it up!
Reply With Quote
  #14  
Old 09-24-2014
bluestraps's Avatar
Junior Member
 
Join Date: May 2014
Posts: 88
Thanks: 8
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 44%
iTrader: (0)
Default Re: Next-day funding for bank transfers will be available by October 1st

Yea but this is only for Business accounts,
Reply With Quote
  #15  
Old 09-24-2014
novemberrain1970's Avatar
Senior Member
 
Join Date: May 2014
Posts: 265
Thanks: 331
Thanked 83 Times in 60 Posts
Activity: 0%
Longevity: 44%
iTrader: (1)
Default Re: Next-day funding for bank transfers will be available by October 1st

Quote:
Originally Posted by bluestraps View Post
Yea but this is only for Business accounts,
Nope 2 of mine that it happened on are not.
Reply With Quote
  #16  
Old 09-25-2014
Play's Avatar
Senior Member
 
Join Date: Aug 2012
Posts: 6,399
Thanks: 1,110
Thanked 1,637 Times in 1,327 Posts
Activity: 10%
Longevity: 57%
iTrader: (39)
Default Re: Next-day funding for bank transfers will be available by October 1st

surprised US are so far behind... UK have money in the bank instantly, though sometimes it can take a full 72 hours if Paypal decides to play up...
Reply With Quote
The Following User Says Thank You to Play For This Useful Post:
novemberrain1970 (09-25-2014)
  #17  
Old 09-25-2014
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 60,525
Thanks: 4,745
Thanked 7,333 Times in 6,687 Posts
Activity: 100%
Longevity: 78%
iTrader: (7)
Default Re: Next-day funding for bank transfers will be available by October 1st

Quote:
Originally Posted by bluestraps View Post
Yea but this is only for Business accounts,
Doesn't seem to be the case
Reply With Quote
  #18  
Old 09-25-2014
Senior Member
 
Join Date: Jun 2012
Posts: 924
Thanks: 36
Thanked 57 Times in 52 Posts
Activity: 0%
Longevity: 59%
iTrader: (1)
Default Re: Next-day funding for bank transfers will be available by October 1st

Is this still going on early for people? I just did two transfers at 3Pm and 5PM and they both are still showing pending.
Reply With Quote
  #19  
Old 09-25-2014
Senior Member
 
Join Date: Jan 2013
Posts: 4,410
Thanks: 242
Thanked 1,583 Times in 1,074 Posts
Activity: 0%
Longevity: 54%
iTrader: (0)
Default Re: Next-day funding for bank transfers will be available by October 1st

Quote:
Originally Posted by Breakthecycle2 View Post
Is this still going on early for people? I just did two transfers at 3Pm and 5PM and they both are still showing pending.
Yes some accounts were chosen to take part in this trial phase and yes some are able to transfer in a day now , while other accounts need to,wait
Reply With Quote
  #20  
Old 09-25-2014
Senior Member
 
Join Date: Jun 2012
Posts: 924
Thanks: 36
Thanked 57 Times in 52 Posts
Activity: 0%
Longevity: 59%
iTrader: (1)
Default Re: Next-day funding for bank transfers will be available by October 1st

my last 4 new stealth accounts all got it.
Reply With Quote
  #21  
Old 09-26-2014
Senior Member
 
Join Date: Feb 2013
Posts: 1,065
Thanks: 406
Thanked 139 Times in 116 Posts
Activity: 0%
Longevity: 53%
iTrader: (7)
Default Re: Next-day funding for bank transfers will be available by October 1st

Same account transferred next day earlier this week but not the one from yesterday. Makes sense for PP.
Reply With Quote
  #22  
Old 09-26-2014
novemberrain1970's Avatar
Senior Member
 
Join Date: May 2014
Posts: 265
Thanks: 331
Thanked 83 Times in 60 Posts
Activity: 0%
Longevity: 44%
iTrader: (1)
Default Re: Next-day funding for bank transfers will be available by October 1st

Quote:
Originally Posted by joesshooze View Post
Same account transferred next day earlier this week but not the one from yesterday. Makes sense for PP.
Same here!
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
'stealth' bank transfers? Is it possible? johnnyleeds UK eBay & Paypal 5 08-21-2013 01:07 PM
Co-op bank transfers GrannyT Subscriber Discussions 3 09-06-2011 11:08 AM
bank refused funding to PP ebayalien UK eBay & Paypal 11 07-06-2010 04:35 AM
Etrade Bank Accounts Rejecting Bank Transfers? Exeneva Credit Card Alternatives 0 12-01-2008 10:32 PM


Aspkin Group

All times are GMT -5. The time now is 04:02 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts