PayPal echeck

BAJJERFAN

Never taken one before. Does it normally take forever and a day to post to one's account?

ctf_error_coins

A couple of days, wait to ship.

Tetromibi

Also waiting on one to clear. PayPal said it should have cleared yesterday.

But everything still says pending and not to ship yet.

AUandAG

+1

YQQ

what do you mean "paypal-Echeck"?
do you pay Paypal or paypal pays you?
Or are you paying a buyer or seller?

BAJJERFAN

@YQQ said:
what do you mean "paypal-Echeck"?
do you pay Paypal or paypal pays you?
Or are you paying a buyer or seller?

A buyer made a PP payment by echeck last friday which is still pending.

Hemispherical

@YQQ said:
what do you mean "paypal-Echeck"?
do you pay Paypal or paypal pays you?
Or are you paying a buyer or seller?

“An eCheck is an electronic payment funded by the buyer’s bank account. It may take up to 3-6 business days for an eCheck to clear.”

https://www.paypal.com/us/smarthelp/article/i-received-an-echeck,-but-the-payment-is-pending.-why-faq3265

https://www.paypal.com/us/smarthelp/article/what-is-an-echeck-faq1082

BAJJERFAN

@Hemispherical said:

@YQQ said:
what do you mean "paypal-Echeck"?
do you pay Paypal or paypal pays you?
Or are you paying a buyer or seller?

“An eCheck is an electronic payment funded by the buyer’s bank account. It may take up to 3-6 business days for an eCheck to clear.”

https://www.paypal.com/us/smarthelp/article/i-received-an-echeck,-but-the-payment-is-pending.-why-faq3265

https://www.paypal.com/us/smarthelp/article/what-is-an-echeck-faq1082

Dunno why he did it that way instead of his usual way.

YQQ

thanks for that.
looks like the banks are getting "free" money for a few days. Oh yes, it adds up...
Interesting, that seems to work different ways. When I pay my Cap1 CC account via bank, it takes 3-5 days. However, the AX account payment is often done in less than 1 day.

BAJJERFAN

@YQQ said:
thanks for that.
looks like the banks are getting "free" money for a few days. Oh yes, it adds up...
Interesting, that seems to work different ways. When I pay my Cap1 CC account via bank, it takes 3-5 days. However, the AX account payment is often done in less than 1 day.

Whenever I pay a CC account from a bank account it's pretty much done and the money moved on the same or next day unless it's set for a Friday.

thebeav

I suppose 'waiting to clear' is the best approach.
I have taken many of these, but finally had one 'bounce' a couple of months ago......

topstuf

@YQQ said:
thanks for that.
looks like the banks are getting "free" money for a few days. Oh yes, it adds up...

It certainly does. I am still amazed that no financial institution has come up with a secure payment vehicle for bullion.

The float would be enormous! Access to large accounts would be a cinch.

but........

coinpalice

I haven't received a e check in years and sell quite a bit. i am just glad the days of waiting for a money order in the mail are over

BAJJERFAN

@thebeav said:
I suppose 'waiting to clear' is the best approach.
I have taken many of these, but finally had one 'bounce' a couple of months ago......

He has more payments to go before it's "ready to ship".

amwldcoin

Because he probably doesn't have a CC or a balance in his paypal account.

@BAJJERFAN said:

@Hemispherical said:

@YQQ said:
what do you mean "paypal-Echeck"?
do you pay Paypal or paypal pays you?
Or are you paying a buyer or seller?

“An eCheck is an electronic payment funded by the buyer’s bank account. It may take up to 3-6 business days for an eCheck to clear.”

https://www.paypal.com/us/smarthelp/article/i-received-an-echeck,-but-the-payment-is-pending.-why-faq3265

https://www.paypal.com/us/smarthelp/article/what-is-an-echeck-faq1082

Dunno why he did it that way instead of his usual way.

BAJJERFAN

@amwldcoin said:
Because he probably doesn't have a CC or a balance in his paypal account.

@BAJJERFAN said:

@Hemispherical said:

@YQQ said:
what do you mean "paypal-Echeck"?
do you pay Paypal or paypal pays you?
Or are you paying a buyer or seller?

“An eCheck is an electronic payment funded by the buyer’s bank account. It may take up to 3-6 business days for an eCheck to clear.”

https://www.paypal.com/us/smarthelp/article/i-received-an-echeck,-but-the-payment-is-pending.-why-faq3265

https://www.paypal.com/us/smarthelp/article/what-is-an-echeck-faq1082

Dunno why he did it that way instead of his usual way.

So if you pay from a linked checking account then it's always as an echeck?

amwldcoin

I would think unless you transfer to your paypal account and then pay. I've never transferred money from my bank to paypal but I would suspect there would be a delay before it is credited to your paypal account(probably the same as an echeck).

@BAJJERFAN said:

@amwldcoin said:
Because he probably doesn't have a CC or a balance in his paypal account.

@BAJJERFAN said:

@Hemispherical said:

@YQQ said:
what do you mean "paypal-Echeck"?
do you pay Paypal or paypal pays you?
Or are you paying a buyer or seller?

“An eCheck is an electronic payment funded by the buyer’s bank account. It may take up to 3-6 business days for an eCheck to clear.”

https://www.paypal.com/us/smarthelp/article/i-received-an-echeck,-but-the-payment-is-pending.-why-faq3265

https://www.paypal.com/us/smarthelp/article/what-is-an-echeck-faq1082

Dunno why he did it that way instead of his usual way.

So if you pay from a linked checking account then it's always as an echeck?

Tetromibi

Update: the one that was supposed to clear yesterday ended up clearing today.

Hemispherical

@Tetromibi said:
Update: the one that was supposed to clear yesterday ended up clearing today.

Glad that’s cleared up...

jt88

It will take 4 days to clear pp. pp get the money next day but they wait four days to give it to you.

BAJJERFAN

AS long as it's good that's all that matters.