FundRobot » Money Funds » Why does PayPal take so long to transfer funds?

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Old   #1 (permalink)
 
Posts: 2,656
Default does paypal take so long to transfer funds

I transferred $470 to my bank account. The status of the transaction in my paypal account reads "completed", yet the money isn't in my account. I have a US bank checking account. It is verified with paypal. How long until I see the money? Is this normal?

NewEra50 is offline   Reply With Quote
Old   #2 (permalink)
 
Posts: 2,611
Default does paypal take so long to transfer funds

Because they need to make money of your money by acquiring interest on you money. Imagine how much is 3% of $470 times 148 million users?

That's big bucks.
JohnyZone is offline   Reply With Quote
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Old   #3 (permalink)
 
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Default does paypal take so long to transfer funds

Transfers usually take 2 business days.
NewTech0 is offline   Reply With Quote
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