Re: [NTLK] [OT] Paypal gripes

From: Mark Ross (markr13_at_comcast.net)
Date: Thu Apr 11 2002 - 21:28:36 EDT


>Jim, you commented: "(How the hell can it take them 3-4 days to
>process a credit card transfer? I do it all the time at the
>supermarket, and it takes at most 20 seconds!)"

It doesn't. The credit card is approved in seconds. The transfer of
monies to your account is held 3-4 days. Why? They must like the float!
 I get 2 day or less automatic transfer from my regular merchant account.
 PayPal has to be physically requested for a money transfer. They do pay
a small amount of interest on held funds, though. PayPal charges low
fees, so this is the way they make their money.

Mark Ross
markr13_at_comcast.net

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