PayPal
Funds Held on Pending E-Check After Bank Account Cleared

I have had a Premier account with PayPal for years. I ordered a DVD on May 11th and paid right away. Two days ago I checked, and it said E-CHECK sent and Clearing May 15th.

1. I called and found out that my current credit card on file had expired. No one told me, or I would have updated it and the payment would have been immediate.

2. The e-check cleared my bank account on May 13th.

3. PayPal still shows a pending e-check payment on May 16th. I called to inquire and was told it was a clearing house problem, but they would clear the amount by 5 pm PDT.

PayPal holds funds for days to earn interest on people's money. I thought this was illegal now. In this day and age of high-tech business, they can clear a check within minutes. Retail stores do it all the time. PayPal takes advantage.

Also, I had to file a dispute for merchandise I never received from a scammer on eBay, April 18th. I am still waiting for my refund through PayPal. According to customer service, that is supposed to clear today too. We will see. I think it is no more PayPal for me.

Company: PayPal
Country: USA
Phone: 8882211161

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