Public Service Annoucement or an ARGH!?!?!

I noticed that on my recent PayPal purchases, it states "uncleared" on the account summary. I had to investigate after I received an email from a seller. Earlier tonight I paid for an eBay auction item promptly, got the receipt from PayPal And just now before I was heading to bed, (yes late again.. LOL). I was informed...

"Thanks for the prompt payment for your auction win. I have been notified that your pending e-check will clear on March 9th." I thought what the heck?!

I emailed the seller back and said I was sorry, I was not aware of this pending e-check, and that I was curious about when this started. And I also so stated that it only makes me have to wait longer for the shipment of the item. :) (which does, cause it's stash right?!?)

And I read alittle bit under the email the seller sent me since they had forwarded it onto me... and it states.. this is from PayPal...

"> This email confirms that you have received a Pending eCheck Instant > Purchase Payment for $.$$ USD from Kim Rxxxxxx > (PayPal email).>> This eCheck Payment will remain "Uncleared" until the funds have cleared > from the sender's account, which usually takes 4 business days. If you are > shipping an item, please do not ship your item until the funds have > cleared into your PayPal account. You will be notified by email when the > funds have cleared into your PayPal balance."

Now, doesn't this just SUCK!.. LOL I know you are thinking.. gotta put $$ into the PayPal pot. Just don't know how I missed this! Pay promptly, now you gotta wait 4 days after before it can even be shipped. I get the money out of my bank account, and its transferred to PayPal.

And I also noticed that the other payments I made over the weekend are the same way, so this must have started recently.

The money is there, I guess its gotta take a few more days to get there electronically!



Anonymous said...

Have you never written a check before? Or transferred money at all? This isn't abnormal.

Kali said...

Paypal never did this to me before, it MUST be something new which I'd have to say I'm equally unimpressed. I'll have to register my debit card so it still comes out of my bank account but it will work like a credit card. When I registered that account they were able to make there 2 cent deposit and take it back out the same day to "verify" my bank account, why did the rules change now I wonder...

Meari said...

As far as I know, it's always been that way. When I haven't had money in my paypal account, and have had to send an echeck, I always got that same message about taking 4 days. I've had my paypal account for quite awhile too.


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