Paypal: Faster Withdrawl

Christmas_

Hi all,

I have done a search of the forum but haven't found anything so apologies if it's duplicated.

I have sold 71 items in the past couple of days on eBay after doing a massive wardrobe clearance of everyone in the house. Most have paid but a few haven't, not a problem.

I'm - after paying £65 for postage of the ones that have paid - a little brassic, so last night at 5 past 7 I started the faster withdrawl on paypal to cover all costs and so I can cover the others postage when they pay. that apparently takes 1-2 days so hopefully should be done by 7 tomorrow after begrudingly paying the £5 extra as with Easter and stuff if I hadn't it would likely be a good 10 days till I saw the money in the bank.

I was just wondering if anyone had any experience with it - how long it took/how good it was etc? Thanks

emby

I've never tried it, and I don't think i ever would.
I think it says 'should take 1-2 days' which i don't have much confidence in.
I've been pretty lucky with Paypal withdrawals and they are usually pretty quick, around 3 days for me.

TurkishDelight

Afraid I've never used the fast thingmy.
But just thought I'd mention paypal postage, it's not ideal (only covers royal mail and parcelforce with no 2nd class option) but if you're having cashflow issues it could be useful.

Christmas_

Thanks very much

Unfortunatley (or not - depending on how it pans out) I've already started the FW so I guess will have to be patient and cross fingers None of the others have paid yet so it's not an issue as yet.

RFW

In my experience it depends on your bank and time of withdrawal as well as Paypal, some banks are slower than others at processing.

theonlywayisup

I agree with RFW. I actually find no difference with the faster withdrawal to the normal one. My business bank is HSBC and funds show up within 2-3 days on both withdrawal options.

alfiesmum

I bank with Lloyds if it's any help, and a withdrawal any time on a Monday (for example), shows in my account Wednesday morning, which is really good I think. Never used the faster service though, as this is fast enough for me.

alison999

Ive always found that if it says it takes 1-2 days its always been 2 for me so I just use the 'free' withdrawl option now

inspace

found this today and sent some money over - my bank takes ages for paypal sometimes upto 5 days so I hope this is faster but its easter break soon so I hope it lands before then or ive wasted my time and money - says its via wire transfer but surely they could just use faster payments.

Christmas_

Thanks guys,

I emailed paypal late last night to ask for any updates and got this back at half 3 in the morning:

Dear XXXXX

Thank you for contacting PayPal.

Ms. XXXX, I can sense the importance of this matter to you. Please
allow me to assist you on this.

I checked your account and see that you initiated the faster withdrawal
process on 30 March 2010 in your bank account ending in XXXX for an amount
of £XXXXX.

Please be informed that the faster withdrawal option offers a quicker
service that completes in 1-2 working days.

Kindly check your bank statement until 1 April 2010.

Please let me know updates from you about this withdrawal if it has gone
through.

I will appreciate your patience and understanding about this matter and I
apologies if this has caused inconvenience on your end.

Your feedback is very significant to improve our services and to provide
the best resolutions to your concerns.

If you need more assistance with your PayPal account, please feel free to
contact us again. We will be more than willing to help.

Thank you for choosing PayPal.

Yours sincerely,
Jomar
PayPal



I realise Jomar is probably on a different timezone to us but they must realise it is already 1st today for UK customers? Sadly nothing has been paid in as yet.

GregtheHammer

My experience of this "fast" withdrawl was 3 days, never again!!