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PayPal Screwing with my $$$


Jack Houston # 35508

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As a rule, I always remove any received funds ASAP. I don't give them a chance to "think" about where the funds came from. That being said, I have a PayPal Cash Card. Used it only at gun shops and such. Never had an issue using it that way. Go figure...

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A classic example of how PayPal 'floats' your Add Funds to derive interest income on your money and not make it available for your use:

Initiated Add Funds

Date:

Jun 2, 2011

Time:

17:03:47 PDT

Status:

Processing (Expected Clearing Date: Jun 8, 2011

 

Per My Checking Account

06/03/2011 DEBIT PAYPAL TRANSFER $200.00

 

My Account Balance as of Now

PayPal balance: $51.65 USD

 

So, they have 5 days use of my money and normally post it to one's account in the late evening ... therefore 6 days!

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A classic example of how PayPal 'floats' your Add Funds to derive interest income on your money and not make it available for your use:

Initiated Add Funds

Date:

Jun 2, 2011

Time:

17:03:47 PDT

Status:

Processing (Expected Clearing Date: Jun 8, 2011

 

Per My Checking Account

06/03/2011 DEBIT PAYPAL TRANSFER $200.00

 

My Account Balance as of Now

PayPal balance: $51.65 USD

 

So, they have 5 days use of my money and normally post it to one's account in the late evening ... therefore 6 days!

 

Too bad for you - I have always received mine in the 2-3 business day time frame..

 

GG ~ :FlagAm:

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I just tie Paypal to a credit card and don't worry about it. I figure if anything ever happens I have the protection of the credit card and wont bother going through Paypal for resolution even if it means loosing the Paypal account because I went around them.

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