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Quick little Paypal rant.....

SwampboySwampboy Posts: 13,035 ✭✭✭✭✭
...and then I can go on with my day. image

Details from a transfer of funds into my Paypal account. From my own bank account.



Net amount: $xxx.xx USD
Date: Jul. 9, 2009
Time: 11:38:40 PDT

Status: Processing (Expected Clearing Date: Jul. 14, 2009)


Go figure.



"Inspiration exists, but it has to find you working" Pablo Picasso

Comments

  • HTubbsHTubbs Posts: 4,138 ✭✭✭
    It's called "Doing a transfer over the weekend". image
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭
    It's called "Paypal accruing interest over the weekend"
    image
  • derrybderryb Posts: 37,152 ✭✭✭✭✭
    normal pp procedure.

    Repetition of ignorance is ignorance raised to the power two.

  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭


    << <i>It's called "Doing a transfer over the weekend". image >>



    Nope! Thats standard operating procedure for PayPal! It doesn't matter if its on a Saturday or a Monday. 5 days.

    And yes I find it VERY Irritating that I can pay via Paypal and the funds are withdrawn the next day but to add to the account or withdraw from the account takes 5 days. Makes no sense but then what can you do other than getting involved in some type of class action?
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • HTubbsHTubbs Posts: 4,138 ✭✭✭


    << <i>

    << <i>It's called "Doing a transfer over the weekend". image >>



    Nope! Thats standard operating procedure for PayPal! It doesn't matter if its on a Saturday or a Monday. 5 days.

    >>



    Not true, the last transfer I did was on July 1st at 2:00PM. It posted to my account the morning of July 3rd. Of course, while this may vary from bank to bank I've never had any transfer take longer than three days. In the case of the OP, his transfer makes perfect sense at 5 days because of a weekend in the middle.


  • << <i>

    << <i>It's called "Doing a transfer over the weekend". image >>



    Nope! Thats standard operating procedure for PayPal! It doesn't matter if its on a Saturday or a Monday. 5 days.

    And yes I find it VERY Irritating that I can pay via Paypal and the funds are withdrawn the next day but to add to the account or withdraw from the account takes 5 days. Makes no sense but then what can you do other than getting involved in some type of class action? >>



    Typical like a large bank. Large checks deposited take 5 business days (5k+) if from out of state. Now if you write that check and its bad they will bounce it same day. They "float" a lot of money at any one time. Like having a constant "pool" of money to play with. Before the invent of computerized banking this had logic. Today it has NONE.
  • OPAOPA Posts: 17,129 ✭✭✭✭✭
    That's their normal time frame, but I've been getting my $$$ withing 3 days max.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • LokiLoki Posts: 897 ✭✭
    It's a union thing. Banking electrons only scurry around the internet during business hours image
  • SwampboySwampboy Posts: 13,035 ✭✭✭✭✭


    << <i>It's a union thing. Banking electrons only scurry around the internet during business hours image >>



    Bingo!!
    Give that man a See-gar!! image

    "Inspiration exists, but it has to find you working" Pablo Picasso

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