It’s a long time (thankfully) since I’ve received a PayPal eCheque payment and hopefully it’ll be a long time before I get another. However I was interested to note that there’s now a message on the eCheque saying “Note: eCheques work like paper cheques”.
That’s pretty much saying eCheques are an out-dated defunct way to pay and about the slowest form of payment you can get. Mind you I already knew that and so did my buyer because they sent an email saying “Hi, I paid using eCheque because my credit card expired, but if you cancel this payment then I can pay using instant payment”. Result – I’ve now got the funds available in my PayPal account as my buyer is on the ball.
For me that buyer message sums up eCheques – sellers don’t like eCheques. Buyers don’t like eCheques. eCheques are a waste of everyone’s time. Certainly if a buyer’s card expires give them options to pay by any method other than defaulting to an eCheque. Why don’t PayPal point out at the time of payment “If you don’t add a new funding source you payment won’t clear until 10 days time”?
If no one likes eCheques then why aren’t they retired like paper cheques very nearly were?