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PayPal change

     
5:05 pm on Sep 18, 2014 (gmt 0)

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A couple weeks back I noticed PP withdrawals were going through the next day. Today they sent an email saying this is a "pilot program" which will be implemented on Oct 1. I'm not sure if there's a certain criteria to meet for this or what, but it's a welcome change. Maybe they're feeling a little pressure from some other payment start-ups lately.
7:51 pm on Sept 18, 2014 (gmt 0)

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Yeah I noticed this a couple of weeks ago and got the email as well.

It is a very welcome change.
12:10 am on Sept 24, 2014 (gmt 0)

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On the down side, I noticed they extended their window for buyers to file a dispute, to 180 days.
11:19 am on Sept 24, 2014 (gmt 0)

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You mean withdrawals from the paypal account back to the business bank account?

For over a year now this has been instant. I click withdraw, enter the amount and it's in the buisness bank account quicker than I can login to check it.

Prior to that it did take 3-5 days but certainly the last year or so it's an instant withdrawal.

(UK PayPal and business account)
6:20 pm on Sept 24, 2014 (gmt 0)

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It may be different in the UK. This is only lately in the US.
8:07 am on Dec 4, 2014 (gmt 0)

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Does the speed of transfering depend on what country you live in? I have friends in Europe who say that the process takes 5 days.
8:38 am on Dec 4, 2014 (gmt 0)

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Could this be an indication that PP is realigning practices to ordinary banking to avoid having "regs" or "government" get involved?