Complaint Review: PAYPAL - Nationwide
- PAYPAL Nationwide USA
- Phone: 8882211161
- Web: Paypal.com
- Category: Financial Services
PAYPAL HOLDS your money for DAYS after you try to transfer to BANK ACCOUNT San Jose California
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On Feb 22 I sold an item on eBAY . Funds were to be deposited into my account 3 days later from the sale, which would be Feb 25. The funds did not hit my Paypal account until Thursday, March 2. IN addition, the website stated funds would not be available in my bank account until the next business day. So PAYPAL charged me twice- the fee for processing my funds (approximately 2.5 % of the transaction cost), as well as getting to sit on my money overnight and earn interest. WORSE, the next business day, Friday, Mar 3, THERE WAS NO MONEY TRANSFERED INTO my bank account.
I called the bank to see what the hold-up was. They said we DO NOT see any deposit for this money coming into the bank. They said you have to call Paypal about it. I called Paypal today, Saturday, Mar 4, they said, " FUNDS WONT BE AVAILABLE FOR 3 -4 business days !!!"
I told them that when I transfered the money to my bank it said it would be there the next business day. THEY do not get to hold my money for 3 - 4 business days. They said call your bank. The interest they are earning on these holds of depositors money is the reason they keep you from getrting your money. It is out and out FRAUD to tell people we will goive you your money the next day, then sit on it for several days for no reason. I WANT MY MONEY NOW.
This report was posted on Ripoff Report on 03/04/2017 08:41 AM and is a permanent record located here: https://www.ripoffreport.com/reports/paypal/nationwide/paypal-holds-your-money-for-days-after-you-try-to-transfer-to-bank-account-san-jose-calif-1359713. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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