Money not in bank yet

FizzieLizzie

i withdrawed money from my paypal account in to my bank account last wednesday at 18.14pm and its still not in my account can any one help please

pennylane99

mine normally takes about 7 working days to transfer....

does the status say completed.

FizzieLizzie

yer, im gunna check 2mara see if its gone in, wat shall i do if it hasnt gone in? ring paypal up?

pennylane99

paypal site says allow 5 to 7 working days....so that could be up to Friday

soolin

Mine takes ages, usually 6-7 full working days so if I transferred last Wednesday in the morning I would not be worried until at least this morning. If you are concerned give paypal a call, there number is available easily on their help page.

Hintza

Leave it until Monday/Tuesday, it will appear no point in gettiing too worked up about it.

mom23

I think it depend on your bank!
If i draw out on monday am i can guarantee it is always in my bank fri am.
I bank with lloyds.

greenstreetprince

paypal are taking longer n longer to transfer the money across. it used to get into my HSBC account within 4 working days, now it takes around 6-7.

for a start it says pending for atleast 2 days, just their way of holding and using your money for as long as they can

digerati

PayPal are in the habit of delaying funds transfers out to bank accounts as long as possible. This protects PayPal in case the funds in question are subsequently reversed or place on hold. PayPal also has use of the funds as part of their float which generates interest.

If you want funds from buyers to arrive in your bank account faster - there is a simple solution: bank transfer. It's not only days faster, but it's safer for sellers and it's entirely free :-)

greenstreetprince

digerati, how many sales would you generate if you insisted on a bank transfer? not many! I offer Paypal, Cheque/PO and Bank Transfer as my accepted methods, but of the 470 odd sales i've achieved on eBay only 2 people have transferred into my account direct from theirs (1 was actually a deposit in branch) and only 9 or 10 have paid via cheque, the rest are all paypal payments!

digerati

greenstreetprince wrote: »

I offer Paypal, Cheque/PO and Bank Transfer as my accepted methods, but of the 470 odd sales i've achieved on eBay only 2 people have transferred into my account direct from theirs (1 was actually a deposit in branch) and only 9 or 10 have paid via cheque, the rest are all paypal payments!

First, let me say that I'm sorry greenstreetprince that it doesn't work for you...

greenstreetprince wrote: »

digerati, how many sales would you generate if you insisted on a bank transfer? not many!

However, I get a surprisingly high take up on customers using bank transfer - over 90% from the UK and EU.

How do I do it? Well, I don't insist upon bank transfer, but rather I offer incentives in the way of cheap S&H and next-day shipping if paid via bank transfer (including BIC + IBAN), MoneyBookers, cheque or postal money order. I also offer discounted or free shipping to repeat customers if they pay by any method except PayPal. (It's all basic consumer psychology.) Customers that wish to pay via PayPal must pay substantially higher prices for Special Delivery and handling, plus I make it clear I'll only ship to confirmed addresses in the UK; no international sales via PayPal. (This is the negative reinforcement part.)

The majority of customers are happy to rely on my excellent eBay feedback and clear refund policy, rather than PayPal - especially as dealing direct with me is much cheaper. I also heavily promote my lower website prices to all my eBay customers.

Why do I do it? Some of my sales are quite large so I want adequate protection against charge backs after experiencing a few PayPal ones several years back. They were not covered by PayPal's Seller Protection even though I had signed, recorded delivery and shipped within 7 days to buyer's registered address. Fortunately, I did recover the merchandise after getting the Police involved.

Works for me! :-)