is there a difference between e cheque and paypal

jamminjamaica

Hi there

purchased something on ebay today and when I went into my paypal to pay for the item the source of funds used to pay for the goods was e cheque. the seller only accepts paypal is there a difference?

sorry for the stupid question

lesta_jesta

Hi LJ
I found this link on E Cheques you might find helpful, there appears to be a difference between an E cheque and Paypal with the "E" taking time to clear

soolin

As a seller echeques are a bit annoying as despite saying they clear in about 5 days it is usually nearer 10 working days which is a real pain. It means that your seller will wait until they receive notification from paypal that the payment is clear before they send the item, so you will have to be a little patient.

I don't know why some payments go as echeques, it's another of those paypal mysteries.

Soo

Agutka

I had this crop up in my dealings recently. The buyer was very confused and so was I. I had to wait 9 days for the money to get to my account, whereas the buyer said the money left her account soon after she made the payment. So PayPal held on to the money all that time, where it was earning interest for them, rather than us. Must look into it...

tomraffe

Is there any reduction on fees charged to the seller with echeque?

Agutka

Is there any reduction on fees charged to the seller with echeque?

:rotfl:

Sorry, not a cent.

masonic

soolin wrote:

I don't know why some payments go as echeques, it's another of those paypal mysteries.

Does it not happen whenever an unverified user funds a payment from their bank account?