
PayPal enabling next day funding for transfers to your bank account
It used to be (and still is until October) that you'd have to with 3-5 days after you transfer money to your bank account, for it to be available, but PP is working on a Pilot program to make that 1 day.
Here is the email I got from them today:
To help accelerate cash flow for your business and give you better control of your money, we're enabling next-day funding for transfers from your PayPal account to your third-party bank account - and you're among the first to get it as part of our pilot program. This means funds transferred from your PayPal account by 5:00 p.m. local time will be available in your third-party bank account the next business day, instead of in 3 to 5 days. Funds transferred after 5:00 p.m. will be available the subsequent business day. This change will be implemented by October 1, 2014. We're always working hard to make it easier for you to get paid and hope this change provides enhanced cash flow benefits for your business. Thanks for using PayPal. |
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