PayPal confuses me.

[zenmondo]

Things are going well with my Chance Cube Auctions on Ebay. I have sold 3 so far. With each one, I pay my ebay fees right away -- its convenient since I can use the money put into my paypal account right to the ebay fees.

But something confuses me about PayPal. Why is it that PayPal can TAKE money from your bank account just as fast as you can click a button, but it takes 3-4 BUSINESS DAYS to put money IN your bank account from PayPal?

This doesn't seem quite fair to me.

Comments

[neuroptik.livejournal.com]

Because in that 3-4 days, they make interest on your money.

Multiply that by x number of members, and it's a lot.

They delay long enough to make a profit, but not long enough for people to get fed up and leave.

[zenmondo.livejournal.com]

I had a sneaking suspision that would be the reason.

[elvenforever.livejournal.com]

I don't trust PayPal. Once you give them access to your bank account, they can do ANYTHING.