SEND MONEY TO A FRIEND WITHOUT BALANCE???

[SPYROSARM]

HOW IS IT POSSIBLE TO SEND MONEY TO A FRIEND WITHOUT HAVING ANY BALANCE ON MY CONNECTED BANK ACCOUNT OR AT MY PAY PAL ACCOUNT? MY FRIEND CONTACTED TO ME ON THE PHONE TO TELL ME THAT HE TRANSFERED THE MONEY FROM PAY PAL TO HIS BANK ACCOUNT.

[kernowlass]

@SPYROSARM 

Paypal payments are never instant, that is why when you buy something OR send money Paypal credit the recipient 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 (when applicable).

[SPYROSARM]

So until I deposit money on my bank account or on my PayPal account the transaction will not be completed? And how many days do I have until the transaction will not be valid anymore? Thank you so much for your help!

[kernowlass]

@SPYROSARM 

Don't think you read my previous post correctly.

You said you had SENT your friend money and he had downloaded it to their bank account so its already completed, yes?

So if the funds fail to transfer from your funding source paypal will put your account into negative until you pay them back again.

Or have I misunderstood you?

[SPYROSARM]

Sorry I misread your message previously. You are correct! If I may ask one last thing. Suppose that my friend needed urgently that money and i didn't have enough to borrow him, I could still send them to him , then have a negative account and when I would got paid after 4 days from my job my account would not be negative anymore. Is this a mini loan without fees????

[kernowlass]

@SPYROSARM 

Paypal does not like you to pay for something when you don't have available funds.

They would put your account in negative and stop you using the bank account option to prevent it happening again.

They would also not credit recipients in advance for you unless you funded the payment via a card (to reduce risk to them).

If it happened a few times you may find yourself limited as a risk to them. 

[SPYROSARM]

thank you so much for your help you were really helpful to me!