PayPal always transferred money into your account within 24 hours. Now, on large sums, they delay this "for security reasons" for up to 5 days. This is very bad business. Now I just state in my acutions that using PayPal for large purchases can cause a hold funds delay of up to five days and am going to offer the option of money order for faster service. This is ridiculous on PayPal's part. Just discourages buying and seling on Ebay.
if you do not ship or ship promptly with tracking,Paypal could hold the payment up to 21 days,I have seen 30 days and you win a reputation of slow shipping,so it makes the situation worse for you.
Buyer paid and expect prompt shipping from seller,you have goods on hand,what is the reason for not shipping promptly>
if you dont have the goods on hand and need fund to buy from manufacturer or distributor,get a line of credit from the bank.
if you sell high ticket items,Paypal discount rate of 2.99-4.4% is high,why not consider getting your own merchant account,discount rate would be lower,but there are other fees involved,check it out.
then you will get your sales proceeds faster,24-48 hours in your bank account
make sure it uses one of the 3 gateways compatible with Ebay if Ebay is your main venue.
I would rather switch to money orders if this is going to be PayPal's new method of doing business. They normally transfer withing 24 hours. I use PayPal extensively, I mean, extensively, in my everyday life but now will switch back to credit cards in 2018.
The problem I found out is that cyberbuyers are short on cash and long on credit,so asking them to use cash t o buy money order,postal order is not easy.
I just spoke with PayPal at length and this is exactly what is it. On "big ticket" (which isnt that big) purchases they want you to link a debit card to their site and then they charge you this brand new .25 cents "express" fee to transfer funds into your bank account or else they delay the transfer of funds up to 5 business days. Will definitely be using PayPal less in the coming year thanks to this. They've clearly learned from Apple "slowing down phones" on this one.
PayPal is still delaying money transefers to your bank for "security reasons" in an efforts to try and force you to sign up for their "express transfer." If this continues, I'll bring it to somone in the media's attention (I'm in advertising) and they'll have a public relations debacle/nightmare on their hands similar to what Apple is experiencing now with the slowed down iPhone software. It's just bad business on PayPal's part. I've already talked about in on Facebook.
