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time duration for paypal to send money to bank account

by raven411
13 replies
hi mates, i have a website and want to accept paypal as a means of payment by my customer. i want to know how long it takes for paypal to send the money to my bank account after successfully charging my customers?
#account #bank #duration #money #paypal #send #time
  • Profile picture of the author NatesMarketing
    PayPal says 3-5 days (https://www.paypal.com/us/webapps/he...IT_CARDS&m=TCI)

    In my experience, it's usually on the low end of that, 3 days-ish.
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  • Profile picture of the author Alexa Smith
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    Originally Posted by raven411 View Post

    i want to know how long it takes for paypal to send the money to my bank account after successfully charging my customers?
    They don't do that automatically.

    You have to ask for a transfer, to withdraw it.

    If you try to withdraw all of it that you can, very quickly, that may ring alarm bells for them and they'll perhaps keep a very close eye on your account, because for them that's (for understandable reasons) slightly "worrying behavior".

    (I get PayPal funds in my account within 2-3 days of withdrawing them, depending on the time of day of the request, I think.)

    .
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  • Profile picture of the author JensSteyaert
    When you send a withdraw request in your paypal account, you'll get the money in a couple of days.

    From my experience, if i withdraw before 4pm, i get the money in my bank account 2 days later (weekends not included) without any exception so far.

    But i guess that also depends on where you live, your bank etc. so it could vary...
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  • Profile picture of the author think more
    For me it took only 2-3 days
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  • Profile picture of the author daym
    It usually takes 3 working days for me. But, their official time to process the withdrawal is 5 ~ 7 working days. It also depends on your bank's working days too.
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  • Profile picture of the author laurencewins
    I find it is 2-3 days, not counting weekends. I always leave some in there to bump my ads and other small purchases. I never leave the account empty.
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  • Profile picture of the author XponentSYS
    It depends on where you bank.

    When I had my PayPal linked to my Wells Fargo account, it took 4 days. Now I have it linked to my business account at Bank of America and it only takes 2 days.

    The way I understand it works is it takes PayPal about 24 hours to process your withdrawal and send it to your bank THEN it takes your bank a certain ammount of time to process that as a deposit to your account.

    So, there are 2 entities involved and in my case, Bank of America seems to process ACH deposits cfaster than my other bank (Wells Fargo).
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    • Profile picture of the author Riz
      If you are from the UK, Paypal operates the faster payment process. Basically upon a withdrawal request it can take a maximum of 16 hours to reach your account.

      However, 99% of the time it is instant.

      All my withdrawal requests have been instantly put into my account.

      Perhaps there will be different rules for newer accounts and the instant faster payment procedure may not be available.

      --Riz
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      • Profile picture of the author LynnM
        Originally Posted by Riz View Post

        If you are from the UK, Paypal operates the faster payment process. Basically upon a withdrawal request it can take a maximum of 16 hours to reach your account.

        However, 99% of the time it is instant.
        It needs to be a Business account; Premier takes a couple of days. Very easy to upgrade from one to another though.
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  • Profile picture of the author Klemen Znidar
    It usually takes around 3 days for me
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  • Profile picture of the author vishwa
    PayPal has auto withdrawal facility for few countries like India. If you belongs to it then it will auto withdraw and deposited to bank account in 3 to 5 Business days.
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    • Profile picture of the author rhinocl
      If you can get a Paypal Mastercard. Then you can withdraw from your account almost as soon as the payment was made (especially if you turn off e-check acceptance) There will still be occassions when it takes a day or two.
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  • Profile picture of the author markgaperl
    This would depend on where you bank. But it could be anywhere from 2-5 days. The withdrawal request has to be made for initiating the transfer. Transferring regularly to your bank account is a good idea but be careful that you don't withdraw too much too quickly. You will obviously get noticed and then if there are refunds or other expenses, then you will be transferring it back.
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  • Profile picture of the author elisagrace
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