PayPal credit payment showing as complete, not came out of my bank

[Jo_1506]

I paid off my remaining balance on PayPal credit with my linked bank account opposed to my linked bank card, on the PayPal app it shows as transaction completed and even shows my balance as now at £0 however on my banking app I can’t see the payment anywhere, PayPal is saying it has gone through but I can’t seem to see the money leave my account, is it a delayed thing or what’s gone wrong?

[kernowlass]

@Jo_1506 

Transfers from bank accounts as opposed to cards are never instant, that is why when you buy something paypal credit the seller upfront for you and paypal take the wait for the funds to transfer to pay them back again, this is so you get your item without delay.

Anything else goes as an echeque and takes 5-7 working days to transfer as Paypal as they use the slowest (cheapest) transfer option BUT funds normally leave your bank account from a few hours up to a few days later.



You never need funds in your Paypal account balance as a buyer. When you purchase an item then Paypal credit the seller for you, this is so there is no delay in the despatch of your item. Paypal will then take the wait for the funds to automatically transfer to reimburse them from your linked funding source.
However they only take that 'risk'  of crediting the seller upfront if you pay by...



1. Bank transfer but have a back up card linked to your account as well.
2. Debit or credit card.
If you have option 1 but have no back up card linked then your payment may go as an echeque and you and the seller will have to await clearance.