Mostly as a way of moderating my expenditure on eBay, I like to keep a modest running balance on my PayPal account. I tend to either keep the proceeds of what I sell on hand or top it up every now and again from my bank account.
So the Monday before last I sent money from my bank account to my PayPal account. The money arrived the subsequent Monday at some point in the afternoon.
I’ve never really understood why it takes 5 to 7 days for funds to whizz from my bank account to my PayPal account. Even back in the deep darks days of 2004 (when I dimly recall the feature launching, but don’t quote me on that), it was too long. But in the age of super fast payments and the like, I have no idea why it shouldn’t be instantaneous or at least within the hour during the day.
Has anyone got any idea why it does take so long?