Yes. A few weeks ago, PayPal increased the secutity holding period from the time a seller asks for a withdrawal until PayPal actually initiates it from 24 hours to XX hours (seems to vary from 28 to 40 depending on size of the withdrawal).
For more information, please take a look at this thread on the PayPal board on eBay.com:
http://forums.ebay.com/db2/topic/Paypal/New-Delay-In/520084201&start=0
The response PayPal has given to the question is typical BS. They reply but do not answer the question. What else is new? :-( .
For more information, please take a look at this thread on the PayPal board on eBay.com:
http://forums.ebay.com/db2/topic/Paypal/New-Delay-In/520084201&start=0
The response PayPal has given to the question is typical BS. They reply but do not answer the question. What else is new? :-( .
The only workable solution I have found is to ask for a withdrawal first thing in the morning instead of waiting until the late afternoon as I used to do.
While PayPal takes longer than the former 24 hour holding period before initiating the transfer, it does not affect when the money is available in my bank account. .
While PayPal takes longer than the former 24 hour holding period before initiating the transfer, it does not affect when the money is available in my bank account. .
"are posting within a 2 day period"
or
"are received in your bank account" within a 2 day period? .
or
"are received in your bank account" within a 2 day period? .
The 24 hour security hold has been there for nine years. Nothing new.
The problem is that PayPal has now extended this twenty-four hour period without notice or explanation.
For the last two weeks I have been testing it daily and noticed withdrawals exceeding US$2,000 take at least twelve hours longer. Smaller withdrawals are usually released in 28 to 32 hours (instead of the old 24).
There is no difference in the holding period based on currency.
As stated earlier, one can eliminate the negative effects of the longer holding period by requesting withdrawals early in the day.
"Our withdrawals from Feb. 11, 12 & 13 have not yet posted."
Monday was a bank holiday in both Canada and the USA. .
The problem is that PayPal has now extended this twenty-four hour period without notice or explanation.
For the last two weeks I have been testing it daily and noticed withdrawals exceeding US$2,000 take at least twelve hours longer. Smaller withdrawals are usually released in 28 to 32 hours (instead of the old 24).
There is no difference in the holding period based on currency.
As stated earlier, one can eliminate the negative effects of the longer holding period by requesting withdrawals early in the day.
"Our withdrawals from Feb. 11, 12 & 13 have not yet posted."
Monday was a bank holiday in both Canada and the USA. .
