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Old 02-15-2007, 04:43 PM   #1
Ivan Lendl
 
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I bought something on ebay on feb 9th, used paypal which took the money out of my account immediately. The seller says that paypal holds on to the money for 5 business days before depositing it in his account. Is this true? The seller wont ship my item untill this 5 day period is up, which is pissing me off. Am i just paranoid or am i getting ripped?
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Old 02-15-2007, 04:50 PM   #2
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It can take 3 days, sometimes, for PayPal to credit my bank account when I withdraw.

Hope to help.
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Old 02-15-2007, 05:08 PM   #3
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Interesting...I get messages that the transaction, payment and receipt, occurred almost immediately.
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Old 02-15-2007, 05:14 PM   #4
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That is kinda bizarre because usually PayPal is instantaneous and they should get their money immediately.

 
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Old 02-15-2007, 05:14 PM   #5
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yeah this doesnt sound right...

 
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Old 02-15-2007, 05:32 PM   #6
Ivan Lendl
 
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Quote:
Originally Posted by homebrewer_99
Interesting...I get messages that the transaction, payment and receipt, occurred almost immediately.
As a seller? Ive never sold anything, only bought stuff.
But yeah the money was out of my account instantly. Ive heard people talking ****e about paypal, I never new why...But im not a seller. Ill give this guy the benefit of the doubt but, Teusday if he didnt ship then Im gonna file a dispute.
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Old 02-15-2007, 05:37 PM   #7
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I always thought that instant payment was the main benefit of using Paypal. 5 days is a lot of time.
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Old 02-15-2007, 05:52 PM   #8
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Maybe that's how paypal's making their money; couple days of float, on a large amount of transactions, will add up pretty quickly.
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Old 02-15-2007, 06:04 PM   #9
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I used to run a big ebay store and Paypal is usually instant if the funds were in the Paypal account. If you used an eCheck then it usually takes up to 5 days to clear.
Check their feedback, if they have a lot and mostly positive don't worry. By using Paypal you most likely are covered in case of fraud.
Post the link to the sellers page and I can help you out.
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Old 02-15-2007, 06:11 PM   #10
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It depends how they pay.

If it's a echeck then it can take 5 days plus but if it's from direct days it's instantaneous.

How did you pay?
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