Withdrawal from paypal balance?

[momcqueen]

This is a first for me. My withdrawal/transfer of paypal funds on Saturday to my back account failed and was 'refunded' today with no explanation whatsoever on either line in the Account Activity. I kinda need that money in my actual bank account since I can't pay for groceries with paypal funds. Has this ever happened to anyone else? I'm trying again today. 

[snoopwiz]

And to add to the fun, here is the other email I was sent. (My account balance went "negative" because it showed a balance of $745 or so, I opted to transfer $720 to my bank account, not knowing that although they told me in the previous letter that my last transfer of $450 (or so) was reversed, truth is, it made my bank yet PP was, for goodness knows why, showing the $450 in my PP balance, therefore not transferred to my bank  (that make sense?)   Been dazed and confused for so long its not true.......

Hello snoopwiz ,

Recently, your account balance became negative. To cover your negative balance, we have reversed "Pending" electronic funds transactions that you had initiated from your PayPal account. This is to confirm that the following transaction(s) have been cancelled:

Withdrawal Type: Bank Transfer (Account ending in ****)

Withdrawal Amount: -$720.00 CAD

Initiated on: 25-Apr-2017

Cancelled on: 25-Apr-2017

Thanks,

PayPal Finance Department  

This email was sent to you for the ongoing support and maintenance of your account. To manage your communication preferences, please visit our

preference centre

[momcqueen]

My balance went negative too. I've not yet received this communication.

[recped]

I've had no further communication from PayPal.....

But on the other hand!

The money has appeared in my bank account under today's date (26th).

One thing I noticed, normal withdrawals come from PayPal PTE Ltd (the non-US division of PayPal based in Singapore) but this "replacement" transfer came from PayPal (the US division).

Whatever the problem was they fixed it fast. I made the initial transfer Sunday at 4:00am so I was expecting the deposit to maybe show up on Tuesday, I guess it did, the problem happened so they resent using a different and obviously faster route (unless of course the deposit I'm seeing gets reversed in the next few hours).

I have to wonder, if they can do an overnight deposit this time why can't they do that all the time?

For anyone who ends up with overdraft of nsf charges as a result I think PayPal will cover it as they did for some people caught in the postage payment being taken from bank accounts instead of PayPal balance glitch a week or so ago.

[momcqueen]

My PayPal transfers from balance to bank account almost almost always take 24 hours or less now. One in 50 might take up to 32 hours but never longer than that. Something changed a year ago (?) and they became a lot faster. There is no more waiting three to five days to see money for me now. Withdrawals take maybe two days but that may be simply because most retailers I shop with don't take the money until they ship and they usually have a one- to two-day handling time.

[ricarmic]

It appears that I luckily missed the problem. My withdrawal on Monday morning went through as normal, $$ arrived ok in my bank account and everything looks normal in PAYPALand this morning.

Certainly a big mess for those with the double dipping problem....hopefully they get if fixed up ASAP!!!!!!