Pay Pal Policy
This isn't my first grumble regarding PayPal. Far enough, the service is convenient for buying on sites like eBay and makes it easy for individuals to receive money from auctions or even friends and family around the world.
Paying via PayPal once you have Direct Debits set up is quick and painless, but what about the other way around? Today I tried to transfer my PayPal balance to my bank account and I find it hard to believe that this will take 5-7 working days.
I know that standard banks typically take up to three business days to transfer money to different banks which is bad enough, but 5-7 days? Then there is the small charge for transfers under £50, encouraging users to leave their money with PayPal.
Is there a good reason for all of this, or is PayPal just making an extra week's interest from its users' money?
You're probably right. Their primary goal is to make money after all.
Could you put in just enough money to go up to £50 then take it all out again?
Posted by: Lee | Thursday, August 16, 2007 at 01:24 PM